newszine

Oil’s facing odds of demand worsening before getting better

1 week ago DieselGasoil Comments Off on Oil’s facing odds of demand worsening before getting better
By Serene Cheong on 4/16/2019 SINGAPORE (Bloomberg) — Oil’s march back toward a four-year high is now facing some roadblocks in the form of demand in Asia, though the path may clear to allow further gains later this year. While the current rally in global benchmark prices to over $71/bbl will put pressure on government Read More

Aramco bonds’ modest gains suggest demand was inflated: sources

2 weeks ago DieselGasoil Comments Off on Aramco bonds’ modest gains suggest demand was inflated: sources
DUBAI/LONDON (Reuters) – Saudi Aramco’s debut $12 billion bonds booked at best modest gains on Wednesday, their first trading day after some $100 billion in orders, suggesting part of the record-breaking demand was inflated, three banking and investment sources said. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Read More

CGG: Sercel Brings its Technical Expertise to Structural Health and Earth Monitoring Markets

2 weeks ago DieselGasoil Comments Off on CGG: Sercel Brings its Technical Expertise to Structural Health and Earth Monitoring Markets
 Sercel Brings its Technical Expertise to Structural Health and Earth Monitoring Markets Paris, France – April 8, 2019 CGG announced today that Sercel has created two new brands, Sercel Structural Monitoring and Sercel Earth Monitoring, to bring the benefits of its advanced sensor technology to the high-potential Structural Health Monitoring (SHM) and Earth Monitoring markets. Read More

Oil hits 2019 high as supply squeeze looms; Brent nears $70 per barrel

3 weeks ago DieselGasoil Comments Off on Oil hits 2019 high as supply squeeze looms; Brent nears $70 per barrel
NEW YORK (Reuters) – Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France Read More

Oil hits 2019 high as supply squeeze looms, Brent nears $70 per barrel

3 weeks ago DieselGasoil Comments Off on Oil hits 2019 high as supply squeeze looms, Brent nears $70 per barrel
NEW YORK (Reuters) – Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. Read More

Oil hits 2019 high on signs of tighter supply; Brent eyes $70 a barrel

3 weeks ago DieselGasoil Comments Off on Oil hits 2019 high on signs of tighter supply; Brent eyes $70 a barrel
NEW YORK (Reuters) – Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. Read More

Oil hits 2019 high on OPEC cuts, concerns over demand ease

3 weeks ago DieselGasoil Comments Off on Oil hits 2019 high on OPEC cuts, concerns over demand ease
LONDON (Reuters) – Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut, and as the market became less worried that demand may slow. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Read More

Houston Channel emphasis grows as oil, gas exports rise

4 weeks ago DieselGasoil Comments Off on Houston Channel emphasis grows as oil, gas exports rise
By Ben Foldy on 3/27/2019 NEW YORK (Bloomberg) — On a normal day, 42 tankers, 19 freighters, 391 barges, 128 ferries and 2 cruise ships will move through the Houston Ship Channel. On any given day, one of those tankers may be as long as 1,500 ft. The last week, though, has been anything but Read More

Aid workers widen search for Mozambique cyclone survivors, death toll mounts

1 month ago DieselGasoil Comments Off on Aid workers widen search for Mozambique cyclone survivors, death toll mounts
BEIRA, Mozambique (Reuters) – Rescue workers extended their search in Mozambique on Thursday for survivors of devastating floods following a powerful cyclone that ripped through southern Africa a week ago, killing hundreds and destroying buildings and farmland. The death toll in Mozambique has risen to 217 and around 15,000 people, many of them very ill, Read More

As U.S. oil supply grows, so does its influence on global prices

1 month ago DieselGasoil Comments Off on As U.S. oil supply grows, so does its influence on global prices
By Alex Longley and Sheela Tobben on 3/20/2019 LONDON and NEW YORK (Bloomberg) — For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam. There, at a key hub for Europe’s oil trading and Refining, crude imported from the U.S. Read More