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OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

1 day ago DieselGasoil Comments Off on OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus
LONDON (Reuters) – OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) Read More

OPEC sees ‘somewhat bearish’ oil outlook even as market tightens

1 day ago DieselGasoil Comments Off on OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
By Grant Smith on 8/16/2019 LONDON (Bloomberg) – Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. The Organization of Petroleum Exporting Countries, which pumps about a third of the Read More

U.S. aviation regulator bans select MacBook Pro laptops from flights

4 days ago DieselGasoil Comments Off on U.S. aviation regulator bans select MacBook Pro laptops from flights
FILE PHOTO: Apple company logos are seen as two MacBooks stand next to each other in an office in Vienna, Austria January 3, 2019. REUTERS/Leonhard Foeger (Reuters) – U.S. Federal Aviation Administration (FAA) has banned certain models of Apple Inc’s (AAPL.O) MacBook Pro laptops on flights, after the company recalled select units which had batteries Read More

Oil rises on talk of more OPEC cuts, demand concerns linger

4 days ago DieselGasoil Comments Off on Oil rises on talk of more OPEC cuts, demand concerns linger
LONDON (Reuters) – Oil prices edged higher on Tuesday as expectations for major producers to further curtail output offset lingering concerns over global demand and rising U.S. production. FILE PHOTO: A view of an oil refinery off the coast of Singapore March 14, 2008. REUTERS/Vivek Prakash Brent crude futures LCOc1 were up 8 cents, or Read More

Yum Brands promotes COO David Gibbs to top job

5 days ago DieselGasoil Comments Off on Yum Brands promotes COO David Gibbs to top job
FILE PHOTO: A Pizza Hut logo is pictured outside its restaurant in Vienna, Virginia October 5, 2010. REUTERS/Larry Downing (Reuters) – Yum Brands Inc (YUM.N) on Monday named company veteran David Gibbs as its chief executive officer, succeeding Greg Creed, who will be retiring at the end of the year. Gibbs, 55, has been with Read More

Austrian ‘Russiagate’ victim, resigned Vice-Chancellor Strache reveals behind-the-scenes play to RT

5 days ago DieselGasoil Comments Off on Austrian ‘Russiagate’ victim, resigned Vice-Chancellor Strache reveals behind-the-scenes play to RT
A clip where Austrian ex-vice-chancellor supposedly fell into a trap with fake “Russian money” succeeded in breaking up the right-wing coalition. But Heinz-Christian Strache says he’ll return to politics once his name is cleared. Speaking to RT Deutsch in his first detailed interview since the scandal erupted in May, Strache revealed the behind-the-scenes promises allegedly Read More

AMS sparks bidding war for Osram, shines spotlight on auto business

5 days ago DieselGasoil Comments Off on AMS sparks bidding war for Osram, shines spotlight on auto business
VIENNA (Reuters) – Shares in Osram (OSRn.DE) jumped after Austrian sensor maker AMS (AMS.S) triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle (CG.O) with a cash offer valuing the company at 4.3 billion euros ($4.8 billion). FILE PHOTO: Logo of lamp manufacturer Osram is pictured Read More

Sensor specialist AMS triggers bidding war for Osram

5 days ago DieselGasoil Comments Off on Sensor specialist AMS triggers bidding war for Osram
VIENNA (Reuters) – Shares in Osram (OSRn.DE) soared after Austrian sensor maker AMS (AMS.S) triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle (CG.O) with a cash offer valuing the company at 4.3 billion euros ($4.8 billion). FILE PHOTO: Logo of lamp manufacturer Osram is pictured Read More

Sensor specialist AMS triggers bidding war for Germany’s Osram

6 days ago DieselGasoil Comments Off on Sensor specialist AMS triggers bidding war for Germany’s Osram
VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) triggered a bidding war for Osram (OSRn.DE) on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle (CG.O) have already offered. FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during Read More

Novak, Falih target stronger ties ahead of Putin visit to Saudi Arabia

2 weeks ago DieselGasoil Comments Off on Novak, Falih target stronger ties ahead of Putin visit to Saudi Arabia
London — Russia aims to strengthen ties with fellow top oil producer Saudi Arabia with a visit by President Vladimir Putin to the Kingdom this autumn, Russian energy minister Alexander Novak said Friday at talks with counterpart Khalid Al-Falih in Moscow. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More