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‘Super Mario’ shock: euro slides, yields hit new lows

1 hour ago DieselGasoil Comments Off on ‘Super Mario’ shock: euro slides, yields hit new lows
LONDON (Reuters) – The euro took a beating and German bond yields hit a fresh record low on Tuesday in reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB), attends a news conference in Read More

Draghi shock hits euro, boosts stocks

4 hours ago DieselGasoil Comments Off on Draghi shock hits euro, boosts stocks
LONDON (Reuters) – European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB), attends a news conference in Vilnius, Lithuania Read More

Thailand’s PTTEP boosts Middle East assets with $622 mil Partex acquisition

5 hours ago DieselGasoil Comments Off on Thailand’s PTTEP boosts Middle East assets with $622 mil Partex acquisition
Singapore — Thailand’s PTT Exploration and Production Public Co Ltd has made its largest venture into the Middle East with the $622 million acquisition of Partex Holding BV from the Calouste Gulbenkian Foundation, underscoring how Southeast Asia’s national oil companies are building up an increasingly global upstream portfolio. Not registered? Receive daily email alerts, subscriber Read More

Fujairah bunker demand takes near-term hit after tanker attacks: sources

5 hours ago DieselGasoil Comments Off on Fujairah bunker demand takes near-term hit after tanker attacks: sources
Singapore — Bunkering demand at the port of Fujairah in the UAE has dipped a bit following recent tanker attacks in the Middle Eastern region, though it’s not clear if the trend is just temporary, bunker market sources said this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Asia stocks cautious before Fed, oil on defensive

10 hours ago DieselGasoil Comments Off on Asia stocks cautious before Fed, oil on defensive
TOKYO (Reuters) – Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Read More

Petrobrás makes biggest gas discovery in the Sergipe basin since 2006

21 hours ago DieselGasoil Comments Off on Petrobrás makes biggest gas discovery in the Sergipe basin since 2006
6/17/2019 RIO DE JANEIRO — Petrobras has made its biggest discovery in the Sergipe since the pre-salt in 2006. Of six fields, it expects to extract 20 MMcmd of natural gas, equivalent to a third of the total Brazilian production. Reported last month, the finding is expected to generate $ 7 billion in annual revenue Read More

No hard stuff: London Metal Exchange bans traders from boozing during work hours

2 days ago DieselGasoil Comments Off on No hard stuff: London Metal Exchange bans traders from boozing during work hours
In an attempt to improve the image of its industry, the world’s largest metals bourse, the London Metal Exchange (LME), is planning to enforce an official ban on alcohol consumption for its floor traders during their working day. The exchange expects its dealers to pursue a zero-tolerance policy towards alcohol, as they are in charge Read More

Modi seeks to supply ALL Indians with clean water as Israel offers its drought expertise

2 days ago DieselGasoil Comments Off on Modi seeks to supply ALL Indians with clean water as Israel offers its drought expertise
Israel has offered India its expertise in tackling droughts and desertification after PM Modi set up a new water conservation and management ministry, vowing to supply clean drinking water to all rural households by 2024. A recently established ‘Jal Shakti Ministry,’ tasked with ensuring an “integrated approach” to solving the issue of water scarcity that Read More

Modi seeks to supply ALL Indians with clean water & Israel offers its drought expertise

2 days ago DieselGasoil Comments Off on Modi seeks to supply ALL Indians with clean water & Israel offers its drought expertise
Israel has offered India its expertise in tackling droughts and desertification after PM Modi set up a new water conservation and management ministry, and vowed to bring clean drinking water supply to all rural households by 2024. A recently established ‘Jal Shakti Ministry’, tasked with ensuring an “integrated approach” to solving water scarcity issue that Read More

Analysis: Asian refiners may trim sour crude intake on Dubai backwardation, tanker fire

4 days ago DieselGasoil Comments Off on Analysis: Asian refiners may trim sour crude intake on Dubai backwardation, tanker fire
Singapore — Asian refiners are increasingly finding reasons to cut their exposure to Middle Eastern crude in the second half of 2019 amid prolonged backwardation in the Dubai benchmark price structure and the latest tanker fire incident in the Gulf of Oman. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More