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AFC invests $100 million in Aker Energy’s DWTCTP, offshore Ghana

6 mins ago DieselGasoil Comments Off on AFC invests $100 million in Aker Energy’s DWTCTP, offshore Ghana
7/16/2019 ACCRA — Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, announces today it has financed Aker Energy A.S., a subsidiary of Aker ASA. AFC’s support is through investing in $100 million of convertible bond notes with an intention to participate in follow on fund raising activities. The funds will be used by Read More

Infographic: Battle for oil trading volumes heats up

6 mins ago DieselGasoil Comments Off on Infographic: Battle for oil trading volumes heats up
National Oil Companies rule the roost when it comes to control over the majority of the world’s crude production and ownership of large-scale infrastructure, storage and downstream assets. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now But despite their dominance in global oil flows, NOCs have traditionally left billions Read More

Wall Street muted after mixed bank earnings

6 mins ago DieselGasoil Comments Off on Wall Street muted after mixed bank earnings
(Reuters) – U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid JPMorgan, the largest U.S. bank by Read More

Analysis: National oil producers raise trading game in battle for oil trade flows

36 mins ago DieselGasoil Comments Off on Analysis: National oil producers raise trading game in battle for oil trade flows
Highlights Aramco hires traders for new London desk NOC push heaps new pressure on Vitol, others Peak oil demand seen fueling trading expansion With Saudi Aramco preparing to open a new trading office in London, rival state-run producers are watching closely as the oil giant leads the charge by resource-rich national oil companies to compete Read More

Wells Fargo posts higher profit on cost controls, rise in loans

1 hour ago DieselGasoil Comments Off on Wells Fargo posts higher profit on cost controls, rise in loans
(Reuters) – Wells Fargo & Co (WFC.N) reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo Revenue declined at Wells’ community bank and wholesale bank as net interest Read More

Out of the shadows: Australia’s finance regulator told to be more ‘forceful’

2 hours ago DieselGasoil Comments Off on Out of the shadows: Australia’s finance regulator told to be more ‘forceful’
SYDNEY (Reuters) – Australia’s prudential regulator should become less “discreet” and be given more power, including the ability to veto corporate boardroom hires, a government report said, in a sign oversight bodies are being dragged into a banking sector clean-up. The Australian Prudential Regulation Authority (APRA) may need more resources and an expanded armory of Read More

Rosehill Resources Inc. Announces Second Quarter 2019 Conference Call Date

3 hours ago DieselGasoil Comments Off on Rosehill Resources Inc. Announces Second Quarter 2019 Conference Call Date
HOUSTON, July 16, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) announced that it plans to release its second quarter 2019 financial and operating results after market close on August 8, 2019 and will host a conference call to discuss those results and updates on August 9, 2019 Read More

Spectrum Global Solutions Announces New Definitive Agreement with WaveTech GmbH

3 hours ago DieselGasoil Comments Off on Spectrum Global Solutions Announces New Definitive Agreement with WaveTech GmbH
Combination with German Technology Company Enables Spectrum to Continue its Previously Announced Business Plan LONGWOOD, FL, July 16, 2019 (GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (the “Company” or “Spectrum”) (OTCQB: SGSI), a single-source provider of next-generation communications network and professional services to telecommunications and enterprise markets, announces today the Company’s entry into a definitive Read More

Burgeoning family offices manage $5.9 trillion: Campden

4 hours ago DieselGasoil Comments Off on Burgeoning family offices manage $5.9 trillion: Campden
ZURICH (Reuters) – The number of family offices — companies that manage portfolios for individual families — has risen by 38% over the past two years worldwide, advisory group Campden Wealth said, with the firms overseeing assets valued at $5.9 trillion. “We estimate that there are now 7,300 single family offices worldwide, with 42% housed Read More

Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll

4 hours ago DieselGasoil Comments Off on Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll
LONDON (Reuters) – Fund managers have trimmed cash holdings and added risk to their portfolios following the U.S. Federal Reserve’s dovish pivot and after Beijing and Washington agreed a temporary truce to their protracted trade spat, a key investor survey showed on Tuesday. Bank of America Merrill Lynch’s latest monthly survey found cash levels down Read More