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Bitcoin trades above $11,000, after 10% weekend jump

13 mins ago DieselGasoil Comments Off on Bitcoin trades above $11,000, after 10% weekend jump
LONDON/NEW YORK (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March last Read More

Oil prices remain ‘very fragile’ amid supply and demand concerns: Vitol

43 mins ago DieselGasoil Comments Off on Oil prices remain ‘very fragile’ amid supply and demand concerns: Vitol
Crude oil prices remain fragile because they are caught between supply and demand uncertainties arising from the political climate in the Middle East and the US-China trade dispute, Vitol Group CEO Russell Hardy said at the Asia Oil & Gas Conference on Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy

1 hour ago DieselGasoil Comments Off on Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
(Reuters) – U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the Read More

Facebook’s Clegg rejects break-up calls, prefers more regulation

1 hour ago DieselGasoil Comments Off on Facebook’s Clegg rejects break-up calls, prefers more regulation
BERLIN (Reuters) – Facebook dismissed calls for a break-up of the world’s biggest social network and other big internet companies on Monday, saying this would not tackle issues such as privacy, attempts to influence elections or harmful content. FILE PHOTO: Logo of Facebook is seen at the high profile startups and high tech leaders gathering, Read More

Oil prices down 1% as demand fears rise, Mideast tensions ease

2 hours ago DieselGasoil Comments Off on Oil prices down 1% as demand fears rise, Mideast tensions ease
NEW YORK (Reuters) – Oil prices fell about 1% on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran began to fade. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq June 1, Read More

Trump tells countries to PAY UP if they want US protection in Strait of Hormuz

2 hours ago DieselGasoil Comments Off on Trump tells countries to PAY UP if they want US protection in Strait of Hormuz
Ever the businessman, US President Donald Trump saw something in the ongoing crisis in the Strait of Hormuz most others didn’t: a chance to rake in some cash by demanding foreign nations pay for “protection.” Trump took to Twitter Monday to, once again, call out world governments for supposedly freeloading off the US, this time Read More

Venezuela’s oil production set for another drop

2 hours ago DieselGasoil Comments Off on Venezuela’s oil production set for another drop
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

Washington lives in ‘perverse state’ of self-induced panic – China on Huawei scare

3 hours ago DieselGasoil Comments Off on Washington lives in ‘perverse state’ of self-induced panic – China on Huawei scare
US officials demonstrate an obscene level of paranoia while trying to ban Huawei and other Chinese telecom companies from the US, Beijing said, blasting American security policies as a “fool’s dream.” “In response to the US officials, I want to say that they have been living in self-induced panic, and reached a perverse state, in Read More

Oil up on U.S.-Iran tensions but demand concerns cap gains

5 hours ago DieselGasoil Comments Off on Oil up on U.S.-Iran tensions but demand concerns cap gains
LONDON (Reuters) – Oil prices rose on Monday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains . FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Read More

Trump warns of more Iran sanctions with fewer targets remaining

5 hours ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
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