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OPEC's Barkindo says rebound in oil investments 'very minimal'

2 days ago DieselGasoil Comments Off on OPEC's Barkindo says rebound in oil investments 'very minimal'
BAKU (Reuters) – The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. FILE PHOTO: OPEC Secretary General Mohammed Barkindo speaks with the media during his visit to Abuja, Nigeria Febuary 27, 2017.REUTERS/Afolabi Sotunde Barkindo was talking Read More

Apple touts data privacy in TV ad campaign

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(Reuters) – Apple Inc on Thursday launched a television advertising campaign promoting its stance on data privacy, seeking to differentiate itself from tech industry rivals such as Alphabet Inc’s Google and Facebook Inc that have become the target of regulatory scrutiny over the issue. Apple company logos are seen as two MacBooks stand next to Read More

New Zealand shooting that left 49 dead at 2 mosques: What we know so far

4 days ago DieselGasoil Comments Off on New Zealand shooting that left 49 dead at 2 mosques: What we know so far
Published time: 15 Mar, 2019 07:43 Edited time: 15 Mar, 2019 08:29 Deadly shootings apparently carried out by nationalist extremists have killed 49 people in two Christchurch mosques in New Zealand. This is what we know about the attacks so far. Police Commissioner Mike Bush has confirmed that 49 people have been killed, over 20 Read More

US & allied diplomats storm out as Venezuelan FM addresses UN drugs convention

4 days ago DieselGasoil Comments Off on US & allied diplomats storm out as Venezuelan FM addresses UN drugs convention
US officials led allied diplomats in a huffy walkout as Venezuelan Foreign Minister Jorge Arreaza stood to address a UN convention on narcotics in Vienna, declaring that he represented an “illegitimate government.” “The members of the Venezuela delegation here today represent the illegitimate government of Nicolas Maduro, and thus cannot be considered as speaking on Read More

OPEC urges oil producers to prevent return of surplus this year

4 days ago DieselGasoil Comments Off on OPEC urges oil producers to prevent return of surplus this year
By Grant Smith on 3/14/2019 LONDON (Bloomberg) — OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand. Key OPEC members and their allies will meet this weekend in Baku, Azerbaijan, to review output curbs they’ve been implementing to Read More

Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count

1 week ago DieselGasoil Comments Off on Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count
SINGAPORE (Reuters) – Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May Read More

Oil rises as OPEC's output cuts set to continue, U.S. drilling activity slumps

1 week ago DieselGasoil Comments Off on Oil rises as OPEC's output cuts set to continue, U.S. drilling activity slumps
SINGAPORE (Reuters) – Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led supply cuts was unlikely before June, while a report showed U.S. drilling activity fell for a third straight week. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. Read More

Exclusive: Saudi's Falih says no OPEC+ output policy change until June

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NEW DELHI (Reuters) – Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for oil this year. FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks at a news conference Read More

Exclusive: Saudi's Falih – U.S., China driving oil demand; no April OPEC policy change

1 week ago DieselGasoil Comments Off on Exclusive: Saudi's Falih – U.S., China driving oil demand; no April OPEC policy change
FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks at a news conference in Riyadh, Saudi Arabia January 9, 2019. REUTERS/Faisal Al Nasser/File Photo NEW DELHI (Reuters) – Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too Read More