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Oil will go ‘bust’ if recession hits

54 mins ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

100,000+ brave rain in Hong Kong in show of support to police

4 hours ago DieselGasoil Comments Off on 100,000+ brave rain in Hong Kong in show of support to police
Tens of thousands of people showed up for a rally in support of police officers in Hong Kong days after a video emerged showing protesters brutally beating a riot cop. Several Chinese flags were spotted in the crowd. The rally on Saturday evening drew in thousands of locals, including representatives of local minorities, immigrants and Read More

Hong Kong actor stabbed on stage in frenzied attack during public event

21 hours ago DieselGasoil Comments Off on Hong Kong actor stabbed on stage in frenzied attack during public event
A Hong Kong actor was suddenly stabbed in the stomach in front of cameras and a shocked audience after an attacker stormed the stage at a promotional event in mainland China. Actor Simon Yam Tat-wah, 64, was speaking at an event for a new Beijing Easyhome store in the city of Zhongshan, Guangdong province on Read More

VIDEO shows fiery descent of Chinese space station from orbit

2 days ago DieselGasoil Comments Off on VIDEO shows fiery descent of Chinese space station from orbit
Rare footage released by the Chinese media has shown space lab Tiangong-2 going down in flames as the station re-entered the Earth’s atmosphere as part of its controlled demolition. The video, published on YouTube by China’s Global TV Network (CGTN), shows part of the station’s hull with what looks like a communication dish during the Read More

Oil pares steep weekly loss as U.S. says it downed Iranian drone

2 days ago DieselGasoil Comments Off on Oil pares steep weekly loss as U.S. says it downed Iranian drone
7/19/2019 LONDON – Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted. Futures rose as much as 1.9% in New York, paring their steepest weekly decline since the end of May. A U.S. Read More

2nd Chinese space station falls from sky in FIERY demolition (this time controlled)

2 days ago DieselGasoil Comments Off on 2nd Chinese space station falls from sky in FIERY demolition (this time controlled)
China’s space lab Tiangong-2 has descended from orbit and burned up over the South Pacific. Unlike its predecessor, the terminal fall towards Earth was part of a controlled operation by the Chinese space agency. The 8-ton station re-entered the Earth’s atmosphere on Friday around 21:06 Beijing time (13:06 GMT), Xinhua news agency said, citing China’s Read More

Analysis: DME Oman benchmark move backfires as open interest stalls

2 days ago DieselGasoil Comments Off on Analysis: DME Oman benchmark move backfires as open interest stalls
Highlights Questions about underlying appeal of DME Oman as a benchmark Open interest on DME Oman forward curve has flat-lined Scratch trades underpinning DME Oman volumes, say traders London — Almost a year since Saudi Arabia picked Dubai Mercantile Exchange’s Oman benchmark to help set official selling prices for crude in Asia, open interest in Read More

Fed rate cut bets buoy stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Syngenta CFO says it faces no glyphosate lawsuits

2 days ago DieselGasoil Comments Off on Syngenta CFO says it faces no glyphosate lawsuits
FILE PHOTO: A young protestor with a bee mask takes part in “March against Bayer & Syngenta” demonstration in Basel, Switzerland May 18, 2019. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer (BAYGn.DE), the Swiss-based company’s Read More

Fed rate cut bets lift stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets lift stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More