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WarnerMedia names Ann Sarnoff as CEO of Warner Bros

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FILE PHOTO: Ann Sarnoff, Chief Operating Officer of BBC Worldwide America, speaks during the 2011 Bloomberg Media Summit in New York March 9, 2011. REUTERS/Lucas Jackson/File Photo (Reuters) – WarnerMedia on Monday said it appointed Ann Sarnoff as the chief executive officer of Warner Bros, the first woman to run one of Hollywood’s most powerful Read More

Dirty water holds biggest promise, Jefferies says

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By David Wethe on 6/24/2019 HOUSTON (Bloomberg) — For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC. As booming U.S. oil production unleashes a torrent of contaminated water that rises to the surface with crude, pipeline operators may be in the best position Read More

Venezuela’s oil production set for another drop

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Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to 741,000 bpd for the month, according to OPEC’s secondary sources, the lowest total in about a half century. The problems for Venezuela are not new Read More

Trump warns of more Iran sanctions with fewer targets remaining

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By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

Oil climbs to a three-week high as U.S.-Iran tensions simmer

11 hours ago DieselGasoil Comments Off on Oil climbs to a three-week high as U.S.-Iran tensions simmer
By Saket Sundria and Grant Smith on 6/24/2019 SINGAPORE and LONDON (Bloomberg) — Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member. Futures added as much as 1.4% in Read More

A U.S.-Iran conflict could impact gas markets much more than oil

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By Stephen Stapczynski and Dan Murtaugh on 6/23/2019 SINGAPORE (Bloomberg) — A potential conflict between the U.S. and Iran could be far more disruptive for liquefied natural gas markets than to the world’s crude shipments. About a quarter of the world’s LNG goes through the Strait of Hormuz, the narrow sea conduit that borders Iran Read More

Oil gains as new sanctions set to ratchet up pressure on Iran

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By James Thornhill on 6/23/2019 SYDNEY (Bloomberg) —Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up 0.5%, after surging 9.4% last week — the biggest weekly gain in more than two years. U.S. Secretary of State Read More

Books vs Bucks: Trump’s China tariffs may result in a crippling ‘Bible tax,’ publishers warn

2 days ago DieselGasoil Comments Off on Books vs Bucks: Trump’s China tariffs may result in a crippling ‘Bible tax,’ publishers warn
The proposed tariffs on $300 billion-worth of Chinese imports may have an unintended consequence. A feared shortage of Bibles and children’s books will make the reading of Christianity’s holy text and other reads more expensive. Book publishers say that new levies the Trump administration has threatened to slap on Chinese goods may amount to ‘a Read More

California governor proposes a $21 billion wildfire fund

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LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed helping utilities create a fund of up to $21 billion to compensate future victims of wildfires sparked by the companies’ equipment or employees, an aide said on Friday. FILE PHOTO: Firefighters keep watch on the Thomas wildfire in the hills and canyons outside Montecito, California, Read More

California governor proposes $21 billion wildfire fund: media

3 days ago DieselGasoil Comments Off on California governor proposes $21 billion wildfire fund: media
FILE PHOTO: California’s Governor Gavin Newsom speaks during the California Democratic Convention in San Francisco, California, U.S. June 1, 2019. REUTERS/Stephen Lam LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed a fund of up to $21 billion to help utilities pay for future wildfire damage, according to media reports on Friday. The proposal Read More