newszine

Update on first quarter 2019 financial results and audiocast details for 2 May 2019

2 days ago DieselGasoil Comments Off on Update on first quarter 2019 financial results and audiocast details for 2 May 2019
Lundin Petroleum AB (Lundin Petroleum) will publish its financial report for the first quarter 2019 on Thursday 2 May 2019. For the first quarter 2019, Lundin Petroleum will expense pre-tax exploration costs of approximately MUSD 37 and recognise a net foreign exchange gain of approximately MUSD 1. These items are largely non-cash and will have Read More

Short European stocks still ‘most crowded trade,’ BAML survey shows

3 days ago DieselGasoil Comments Off on Short European stocks still ‘most crowded trade,’ BAML survey shows
LONDON (Reuters) – Short positioning on European equities was the “most crowded trade” for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 10, 2019. REUTERS/Staff Investors Read More

Short European equities still ‘most crowded trade’: BAML survey

3 days ago DieselGasoil Comments Off on Short European equities still ‘most crowded trade’: BAML survey
FILE PHOTO: The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip LONDON (Reuters) – Short positioning on European equities was seen as the “most crowded trade” for the second straight month in April, a fund manager survey by Bank of Read More

Chevron’s mega-deal proves U.S. energy powerhouse

4 days ago DieselGasoil Comments Off on Chevron’s mega-deal proves U.S. energy powerhouse
By Kevin Crowley and Kelly Gilblom on 4/14/2019 Photo: Anadarko oil derrick in Permian Basin. HOUSTON (Bloomberg) — Amidst the world’s focus on climate change and transition to natural gas, the world’s biggest energy companies are focusing on where it all began: American oil. Chevron Corp.’s $33 billion acquisition of Anadarko Petroleum Corp. will make Read More

China data, JPMorgan results boost stocks, riskier assets

6 days ago DieselGasoil Comments Off on China data, JPMorgan results boost stocks, riskier assets
NEW YORK (Reuters) – Global stocks rose on Friday after JP Morgan’s results kicked off the U.S. corporate earnings season in style, while signs of stabilization in China’s economy also helped riskier assets amid talk that the growth outlook worldwide is better than thought. FILE PHOTO: Traders work on the floor at the New York Read More

China data, JPMorgan earnings boost stocks, riskier assets

6 days ago DieselGasoil Comments Off on China data, JPMorgan earnings boost stocks, riskier assets
NEW YORK (Reuters) – Global stock markets rose on Friday after JP Morgan’s results kicked off the U.S. corporate earnings season in style, while signs of stabilization in China’s economy also helped riskier assets on views the growth outlook worldwide is better than thought. FILE PHOTO: Traders work on the floor at the New York Read More

Cardinal Energy Ltd. Announces Budget Update and Increase to Monthly Dividend

7 days ago DieselGasoil Comments Off on Cardinal Energy Ltd. Announces Budget Update and Increase to Monthly Dividend
CALGARY, Alberta, April 12, 2019 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce that with improved commodity pricing and the security of its oil hedging position that it is increasing its 2019 budget guidance and dividend rate. Budget Update: Using an average oil price of $57.50 WTI Read More

Danone sells U.S. organic salad business to Taylor Farms

7 days ago DieselGasoil Comments Off on Danone sells U.S. organic salad business to Taylor Farms
The logo of French food group Danone is seen at the company’s headquarters in Paris, France, December 20, 2017. REUTERS/Charles Platiau PARIS (Reuters) – French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to California-based Taylor Farms. Financial terms of Read More

For first time in a decade, U.S. companies could report lower profits on higher revenue

1 week ago DieselGasoil Comments Off on For first time in a decade, U.S. companies could report lower profits on higher revenue
NEW YORK (Reuters) – Wall Street is bracing for large U.S. companies to report a decline in quarterly profits even after raking in higher revenues, something that has not happened in more than a decade. FILE PHOTO: A car waits to enter the financial district security zone near the New York Stock Exchange (NYSE) in Read More

Economists see growth slowing amid geopolitical uncertainty

2 weeks ago DieselGasoil Comments Off on Economists see growth slowing amid geopolitical uncertainty
By Emily Querubin, Associate Editor on 4/5/2019 IRVING — The Texas Alliance of Energy Producers Annual Meeting and Expo was held this week in Irving, Texas, just northwest of Dallas. Guests were welcomed by the Alliance’s own Jim Beck, the statewide organization’s chairman of the board. Petroleum Economist Karr Ingham (left) moderated an oil and Read More