newszine

Fed pumps more cash as key rate breaks above target

7 hours ago DieselGasoil Comments Off on Fed pumps more cash as key rate breaks above target
NEW YORK (Reuters) – The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis. FILE PHOTO: Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

7 hours ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More

Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise

10 hours ago DieselGasoil Comments Off on Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise
New York — US crude inventories climbed 1.06 million barrels last week to 417.13 million barrels, as refiners cut runs while imports edged higher, US Energy Information Administration data showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stock build was considered bearish for NYMEX crude futures, Read More

Fed cuts rates again, gives mixed signals for next move

10 hours ago DieselGasoil Comments Off on Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

IEA: Member countries hold 15 days’ worth of global oil demand in emergency reserves

15 hours ago DieselGasoil Comments Off on IEA: Member countries hold 15 days’ worth of global oil demand in emergency reserves
9/18/2019 PARIS – The International Energy Agency, founded in 1974 to help non-OPEC member countries coordinate a collective response to major supply disruptions, issued a statement today on the crude supply disruption situation in Saudi Arabia. “Recent events are a reminder that oil security cannot be taken for granted, even at times when markets are Read More

Saudi oil output unlikely to be fully restored as quickly as officials say: analysts

15 hours ago DieselGasoil Comments Off on Saudi oil output unlikely to be fully restored as quickly as officials say: analysts
Highlights Saudi Arabia needs more time to repair damage Drawing down stocks will continue Domestic oil burn likely to rise after attacks London — Saudi oil output is unlikely to be fully restored in the next couple of weeks despite assurances by Saudi officials and a drawdown of oil stocks to keep exports flowing, according Read More

Explainer: The Fed has a repo problem. What’s that?

16 hours ago DieselGasoil Comments Off on Explainer: The Fed has a repo problem. What’s that?
(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March Read More

Make smartphones last longer to cut emissions in EU: activists’ report

18 hours ago DieselGasoil Comments Off on Make smartphones last longer to cut emissions in EU: activists’ report
BRUSSELS (Reuters) – Extending the lifespan of smartphones by just one year would significantly reduce carbon emissions in the European Union, a report from environmental groups said on Wednesday, urging new EU rules to make electronics last longer. FILE PHOTO: Smartphones are pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. Read More

Futures on back foot before Fed policy decision

18 hours ago DieselGasoil Comments Off on Futures on back foot before Fed policy decision
(Reuters) – U.S. stock index futures dipped on Wednesday as investors waited for the Federal Reserve’s decision on interest rates in what has been a rocky week for global markets. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid The central Read More

Saudis keep oil flowing as they patch up wounded industry

19 hours ago DieselGasoil Comments Off on Saudis keep oil flowing as they patch up wounded industry
By Anthony DiPaola on 9/18/2019 DUBAI (Bloomberg) – Saudi Arabia reassured anxious customers that crude exports will keep flowing as normal and its industry can recover quickly from the worst attack in its history. Crude prices fell after Tuesday’s long-awaited statement from the kingdom — which pumped almost 10% of the world’s oil before the Read More