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Oil will go ‘bust’ if recession hits

12 hours ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

Weekly Economic Release Summary: Industrial Production Seems Posed to Contract

22 hours ago DieselGasoil Comments Off on Weekly Economic Release Summary: Industrial Production Seems Posed to Contract
Manufacturing growth has historically been the “canary in the coal mine” for economic trends. The question is what a dead canary means today – because manufacturing is flirting with contraction. One reason to question manufacturing’s canary role is that its contribution to GDP has declined from 14.5 % in 2000 Read More

Ryanair Irish pilot union to decide on strike ballot next week

1 day ago DieselGasoil Comments Off on Ryanair Irish pilot union to decide on strike ballot next week
FILE PHOTO: Passengers disembark a Ryanair flight at Dublin International Airport in Dublin, Ireland. Aug 23, 2018. REUTERS/Hannah McKay DUBLIN (Reuters) – Members of Ryanair’s Irish pilot union are to decide next week whether to join British colleagues in holding a ballot on strike action, according to a memo distributed to members. Ryanair pilots in Read More

Russian mine unearths unique large flawless yellow diamond

1 day ago DieselGasoil Comments Off on Russian mine unearths unique large flawless yellow diamond
The combination of rare yellow color, clarity, and size makes a diamond unearthed at a mine in Russia’s northwest one of the most unique gemstones ever discovered in Europe. A deep lemon-yellow diamond weighing 47.61 carats found in the Grib mine in Arkhangelsk, Russia may be the largest of its kind unearthed in this part Read More

Unique large yellow diamond found in Europe

1 day ago DieselGasoil Comments Off on Unique large yellow diamond found in Europe
The combination of rare yellow color, clarity, and size makes a diamond unearthed at a mine in Russia’s northwest one of the most unique gemstones ever discovered in Europe. A deep lemon-yellow diamond weighing 47.61 carats found in the Grib mine in Arkhangelsk, Russia may be the largest of its kind unearthed in this part Read More

CBS stations go dark for DirecTV customers amid contract dispute with AT&T

1 day ago DieselGasoil Comments Off on CBS stations go dark for DirecTV customers amid contract dispute with AT&T
FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni (Reuters) – CBS Corp (CBS.N) and AT&T Inc (T.N) failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming. CBS television stations in over a dozen U.S. cities, including New York and Los Read More

Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper

1 day ago DieselGasoil Comments Off on Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper
FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato AMSTERDAM (Reuters) – Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor (7201.T) and Mitsubishi Motors (7211.T), who ousted him as chairman of their alliance last year on Read More

AT&T drops CBS channels from its cable systems

1 day ago DieselGasoil Comments Off on AT&T drops CBS channels from its cable systems
FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni (Reuters) – CBS Corp (CBS.N) said on Saturday AT&T Inc (T.N) has removed CBS’s television stations from the channels of DIRECTV, DIRECTV NOW and AT&T U-verse TV customers. CBS Sports Network has also been removed nationally from DIRECTV and Read More

China Southern Airlines to receive $4 billion capital injection

2 days ago DieselGasoil Comments Off on China Southern Airlines to receive $4 billion capital injection
FILE PHOTO: The company logo of China Southern Airlines is displayed at a news conference in Hong Kong, China March 27, 2018. REUTERS/Bobby Yip SHANGHAI (Reuters) – China Southern Airlines (600029.SS) will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the Read More

Russia unearths biggest diamond ever found in Europe

2 days ago DieselGasoil Comments Off on Russia unearths biggest diamond ever found in Europe
The Arkhangelsk Region in Russia’s northwest has been rich with discoveries of gems in recent months, and the biggest diamond in Europe and a rare yellow diamond have been found at a local mine, along with other precious stones. A lemon yellow diamond weighing 47.61 carats, unearthed on Saturday, became the latest discovery in one Read More