newszine

Biggest oil price surge since 1991 as ‘locked and loaded’ U.S. points finger at Iran for attack

7 days ago DieselGasoil Comments Off on Biggest oil price surge since 1991 as ‘locked and loaded’ U.S. points finger at Iran for attack
DUBAI (Reuters) – An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate. FILE PHOTO: Smoke is seen following a fire at Aramco facility in the eastern Read More

Oil may jump as much as $10 a barrel after Saudi Arabia attack

1 week ago DieselGasoil Comments Off on Oil may jump as much as $10 a barrel after Saudi Arabia attack
By David Marino on 9/15/2019 NEW YORK (Bloomberg) – Oil analysts expect prices to jump at least $5 to $10/bbl Monday after a strike on a key facility cut Saudi Arabia’s production by half, pulling some 5% of world supply off the market. Saudi Aramco lost about 5.7 MMbpd of output after several unmanned aerial Read More

Saudi supply disruption puts the 630-MMbbl U.S. oil reserve in play

1 week ago DieselGasoil Comments Off on Saudi supply disruption puts the 630-MMbbl U.S. oil reserve in play
By Stephen Cunningham and Ari Natter on 9/15/2019 WASHINGTOM (Bloomberg) – The Trump administration is standing by to deploy the nation’s emergency oil reserves and help stabilize markets if needed after a series of drone attacks in Saudi Arabia knocked out half of the kingdom’s crude output, or about 5% of world supplies. Energy Secretary Read More

US-Australia talks about Strategic Petroleum Reserve ongoing: Perry

1 week ago DieselGasoil Comments Off on US-Australia talks about Strategic Petroleum Reserve ongoing: Perry
Highlights Australia wants to store crude in US for international obligations Perry open to commercial storage in SPR US government continues to sell off SPR Houston — The US and Australia are still negotiating a proposal which would allow the Australian government to store millions of barrels of crude oil in the US Strategic Petroleum Read More

Oil spill clean-up at Equinor’s Bahamas terminal underway after Dorian damage

1 week ago DieselGasoil Comments Off on Oil spill clean-up at Equinor’s Bahamas terminal underway after Dorian damage
FILE PHOTO: The logo of Equinor, formerly known as Statoil, at the company’s headquarters in Fornebu, Norway, May 21, 2018. REUTERS/Nerijus Adomaitis OSLO (Reuters) – Norway’s Equinor (EQNR.OL) has begun cleaning up an onshore oil spill at its South Riding Point terminal in the Bahamas, which was damaged by Hurricane Dorian, and said on Thursday Read More

Equinor says oil spotted near Bahamas crude terminal does not indicate spill

2 weeks ago DieselGasoil Comments Off on Equinor says oil spotted near Bahamas crude terminal does not indicate spill
(Reuters) – Oil spotted off the coast of the Bahamas may not have come from a nearby crude storage terminal owned by Norwegian oil company Equinor (EQNR.OL) that was damaged by Hurricane Dorian, the company said on Wednesday. “There are no indications that there has been a spill to the ocean from our terminal,” said Read More

USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope

2 weeks ago DieselGasoil Comments Off on USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope
9/11/2019 WASHINGTON – The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources, according to a new assessment by the U.S. Geological Survey. This estimate is for the undiscovered, technically recoverable natural gas resources stored within gas hydrate formations. “The USGS is committed to providing the most up-to-date, publicly Read More

Judge lets Facebook privacy class action proceed, calls company’s views ‘so wrong’

2 weeks ago DieselGasoil Comments Off on Judge lets Facebook privacy class action proceed, calls company’s views ‘so wrong’
(Reuters) – A federal judge on Monday ordered Facebook Inc to face most of a nationwide lawsuit seeking damages for letting third parties such as Cambridge Analytica access users’ private data, calling the social media company’s views on privacy “so wrong.” Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in Read More