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Brazilian Fifth Chamber Approved Agreement between Brazilian Prosecutor and SBM Offshore

58 mins ago DieselGasoil Comments Off on Brazilian Fifth Chamber Approved Agreement between Brazilian Prosecutor and SBM Offshore
December 18, 2018 The Leniency Agreement with the Brazilian Federal Prosecutor’s Office (Ministério Público Federal – “MPF”) of September 1, 2018 has been approved by the Brazilian Fifth Chamber for Coordination and Review and Anti-corruption. This Leniency Agreement comprises a final settlement between the Company and the MPF with respect to alleged improper sales practices Read More

Growth fears grip world markets ahead of Fed meeting

3 hours ago DieselGasoil Comments Off on Growth fears grip world markets ahead of Fed meeting
LONDON (Reuters) – World stock markets, the U.S. dollar and oil prices tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest rate hike of the year. FILE PHOTO: A man looks at an electronic stock quotation board Read More

Futures climb heading into Fed meeting

3 hours ago DieselGasoil Comments Off on Futures climb heading into Fed meeting
(Reuters) – U.S. stock index futures climbed on Tuesday, following a rocky start to the week, as investors focus on a two-day meeting where the Federal Reserve is expected to raise interest rates for the fourth time this year and signal the path of future rate hikes. Traders work on the floor of the New Read More

Crude oil slides to year lows on oversupply fears despite agreed cuts

4 hours ago DieselGasoil Comments Off on Crude oil slides to year lows on oversupply fears despite agreed cuts
Oil prices dropped more than 3 percent on Tuesday with main crude benchmarks, Brent and WTI, trading at the lowest levels in more than a year. Forecasts of record US shale oil output triggered worries about global oversupply. West Texas Intermediate (WTI) crude fell nearly 3.5 percent to $48.22 a barrel, its weakest since September Read More

UBS says Asia's wealthy trade less, cut debt as politics shift

5 hours ago DieselGasoil Comments Off on UBS says Asia's wealthy trade less, cut debt as politics shift
ZURICH (Reuters) – Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at UBS (UBSG.S), said. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. Picture taken on March 29, Read More

Growth fears grip world stock markets before Fed meeting

6 hours ago DieselGasoil Comments Off on Growth fears grip world stock markets before Fed meeting
LONDON (Reuters) – World stock markets tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest-rate hike of the year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November Read More

BW Offshore: Extension agreement for Abo FPSO

7 hours ago DieselGasoil Comments Off on BW Offshore: Extension agreement for Abo FPSO
BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 30 June 2019. For further information, please contact: Knut R. Sæthre, CFO, +47 911 17 876 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore is a leading provider of floating production services to the oil Read More

US protectionism leading global trade into ‘deep crisis’ – EU

7 hours ago DieselGasoil Comments Off on US protectionism leading global trade into ‘deep crisis’ – EU
The EU ambassador to the World Trade Organization (WTO) has lambasted Washington’s tariffs and protectionist trade policy. He called the US the “epicenter” of the crisis in the multilateral trading system. “The multilateral trading system is in a deep crisis and the United States is at its epicenter,” EU ambassador Marс Vanheukelen said on Monday Read More

Oil prices drop for third session as oversupply worries drag

8 hours ago DieselGasoil Comments Off on Oil prices drop for third session as oversupply worries drag
SINGAPORE (Reuters) – Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Read More

Oil prices fall for third straight session amid supply glut worries

11 hours ago DieselGasoil Comments Off on Oil prices fall for third straight session amid supply glut worries
SINGAPORE (Reuters) – Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world’s biggest producer, stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Read More