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Twenty die and 71 burn as Mexico oil pipeline explodes

3 days ago DieselGasoil Comments Off on Twenty die and 71 burn as Mexico oil pipeline explodes
At least 20 people have died and 54 badly burned after a leaking pipeline triggered a massive fire in central Mexico. About 300 locals were rushing to steal the oil when at least 20 were burned to death on Friday evening, Omar Fayad, governor of Hidalgo state said. The pipeline, in the town of Tlahuelilpan, Read More

Swiss court overturns arrest of Russia’s Gazprom assets which Ukraine claims were seized

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Switzerland’s high court has overruled an injunction blocking payments from the operators of the Nord Stream gas pipeline at the request of Ukrainian state gas firm Naftogaz, according to Russian energy giant Gazprom. The Stockholm arbitration court had previously ruled that all payments from Gazprom’s subsidiaries would be transferred to Swiss bailiffs. “On January 16, Read More

Gripped by Ghosn crisis, Renault expects slight sales growth

4 days ago DieselGasoil Comments Off on Gripped by Ghosn crisis, Renault expects slight sales growth
PARIS (Reuters) – Renault (RENA.PA) expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan (7201.T). The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler Read More

Why a Libyan oilfield grab could be a boon or bane for exports

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By Salma El Wardany on 1/17/2019 CAIRO (Bloomberg) — Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities. The operation, if successful, could put Haftar in control of most of Libya’s oil fields and help rejuvenate exports from OPEC’s Read More

RAK Petroleum plc: Changes in Share Capital

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United Kingdom, 16 January 2019 RAK Petroleum plc, the Oslo-listed oil and gas investment company, announces that, as the result of a request by Afaq Al Roya Trading (LLC) to release the restrictions on its 9,000,000 Restricted Class A Shares, and a request by another shareholder to release the restrictions on his 180,000 Restricted Class Read More

France seeks Renault board meeting to replace Ghosn: sources

7 days ago DieselGasoil Comments Off on France seeks Renault board meeting to replace Ghosn: sources
PARIS (Reuters) – The French government is moving to dismiss Renault’s (RENA.PA) scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference Read More

Nissan CEO calls for Renault board to review Ghosn findings

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PARIS (Reuters) – Nissan (7201.T) expects alliance partner Renault’s (RENA.PA) board to back its ousting of Chairman Carlos Ghosn once it sees evidence from the Japanese carmaker’s investigation, Chief Executive Hiroto Saikawa said in a Monday newspaper interview. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global Read More

Bolsonaro’s ‘little gift’ to Salvini: Italy’s most-wanted fugitive caught after decades on the run

1 week ago DieselGasoil Comments Off on Bolsonaro’s ‘little gift’ to Salvini: Italy’s most-wanted fugitive caught after decades on the run
Italian Interior Minister Matteo Salvini has praised Brazil’s new government for its support in extraditing an Italian ex-communist militant, who went on the run for almost 30 years after four murders were committed in the 1970s. Writing on his Facebook page on Sunday, Salvini thanked Brazil’s recently inaugurated right-wing president, Jair Bolsonaro, and his government Read More

Wall Street's five-day rally flickers out as earnings near

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(Reuters) – Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks. Underpinned by optimism over China-U.S. trade talks and expectations of a slow pace of interest rate hikes from the Federal Read More