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Updated: 11 hours 54 min ago

Iraq oil minister calls Exxon Mobil's evacuation of foreign staff 'unacceptable'

Sun, 05/19/2019 - 12:50
Exxon Mobil's decision to evacuate its foreign staff from the West Qurna 1 oilfield in southern Iraq on Saturday was "unacceptable and unjustified", Iraq's Oil Minister Thamer Ghadhban said on Sunday.

ECB's Knot says euro zone inflation is not where ECB wants it

Sun, 05/19/2019 - 12:34
Inflation in the euro zone is not at the level the European Central Bank wants it to be, ECB policymaker Klaas Knot said in an interview published by Italian daily Corriere della Sera on Sunday.

In coal we trust: Australia's voters back PM Morrison's faith in fossil fuel

Sun, 05/19/2019 - 11:44
Australia's re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, "This is coal - don't be afraid!" His surprise win in what some dubbed the 'climate election' may have stunned the country, but voters should know what comes next in energy policy - big coal.

Modi’s jobs deficit: J&J’s largest India plant idle three years after completion

Sun, 05/19/2019 - 11:23
It was supposed to be Johnson & Johnson's biggest manufacturing plant in India. It was to eventually employ at least 1,500 people and help bring development to a rural area near Hyderabad in southern India.

Iran dismisses possibility of conflict, says does not want war

Sun, 05/19/2019 - 05:55
Iran's top diplomat dismissed the possibility of war erupting in the region at a time of escalating confrontation with the United States, saying Tehran did not want conflict and no country had the "illusion it can confront Iran".

IndiGo's co-founder not intent on taking control of company - CEO

Sun, 05/19/2019 - 05:34
One of the co-founders of India's largest airline IndiGo has no plans of taking control of the carrier, its Chief Executive said on Saturday, two days after parent InterGlobe Aviation Ltd shares fell over a media report about alleged differences between the co-founders.

China's top diplomat calls for U.S. restraint on trade, Iran

Sat, 05/18/2019 - 21:30
China's senior diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions had harmed the interests of China and its enterprises, and that Washington should show restraint, China's foreign ministry said.

Iraq's southern oil exports at 3.5 million barrels a day so far in May, official says

Sat, 05/18/2019 - 19:25
Iraq's oil exports from its southern ports have reached 3.5 million barrels a day (bpd) crude oil as of Saturday, South Oil Company chief Ihsan Abdul Jabbar told Reuters.

Canada vows 'full steam ahead' on ratifying trade pact after U.S. lifts metals tariffs

Sat, 05/18/2019 - 18:39
Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum.

Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if needed

Sat, 05/18/2019 - 18:26
Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market's needs.

Exxon evacuates foreign staff from Iraqi oilfield

Sat, 05/18/2019 - 18:05
Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday.

UAE energy minister says oil stocks building up, OPEC job not done

Sat, 05/18/2019 - 18:04
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday that global oil inventories are still building up particularly in the United States, and that the job by OPEC and its allies to balance the oil market is not complete yet.

Libya's NOC chief says instability could lead to 95% oil production loss

Sat, 05/18/2019 - 18:02
Libya's National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it lose 95% of its oil production.

Iraq's southern oil exports at 3.5 million barrels a day so far in May, official says

Sat, 05/18/2019 - 15:14
Iraq's oil exports from its southern ports have reached 3.5 million barrels a day (bpd) crude oil as of Saturday, South Oil Company chief Ihsan Abdul Jabbar told Reuters.

Iran changes tactics, destinations on oil exports, maritime official says

Sat, 05/18/2019 - 12:53
Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official was quoted as saying on Saturday by the semi-official ILNA news agency.

Exclusive - U.S. may scale back Huawei trade restrictions to help existing customers

Sat, 05/18/2019 - 11:27
The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week's blacklisting would have made it nearly impossible for the Chinese company to service its existing customers.

Exclusive: Saudi's Falih says oil stocks still building, but OPEC to act if needed

Sat, 05/18/2019 - 07:44
Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

U.S. Treasury's Mnuchin rejects subpoena for Trump tax returns

Sat, 05/18/2019 - 07:01
U.S. Treasury Secretary Steven Mnuchin defied a congressional subpoena seeking six years of President Donald Trump's tax returns on Friday, all but guaranteeing a federal court battle with Congress over the records.

Boeing says it has corrected simulator software of 737 MAX jets

Sat, 05/18/2019 - 06:16
Boeing Co has made corrections to simulator software that mimics the flying experience of its 737 MAX jets, which were involved in two fatal crashes, and the company has provided additional information to device operators, a spokesman said on Friday.

China's tough rhetoric leaves trade talks with U.S. in limbo

Sat, 05/18/2019 - 04:07
China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world's two largest economies would be meaningless unless Washington changed course.

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