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Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

17 hours ago DieselGasoil Comments Off on Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US

1 day ago DieselGasoil Comments Off on Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US
Word that US President Donald Trump is pushing for a sale of F-16 fighters to Taiwan worth $8 billion is unlikely to help a ‘deal’ with China, as Beijing’s already blaming Washington for the Hong Kong protests and the tariff war. The proposed sale of 66 modernized jet fighters is still a rumor, as no Read More

Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers

1 day ago DieselGasoil Comments Off on Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers
WASHINGTON (Reuters) – Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. FILE PHOTO: U.S. Senate Judiciary Committee Chairman Senator Chuck Grassley (R-IA) Read More

Exclusive: Fed’s Mester weighing argument for U.S. rate cut

1 day ago DieselGasoil Comments Off on Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy. FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health Read More

Frac companies get fresh hope UK government will loosen rules

1 day ago DieselGasoil Comments Off on Frac companies get fresh hope UK government will loosen rules
By Timothy Abington and Jeremy Hodges on 8/16/2019 LONDON (Bloomberg) – A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves. Prime Minister Boris Johnson and his new business minister, Andrea Leadsom, have come out in Read More

OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook

1 day ago DieselGasoil Comments Off on OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook
London — Led by its kingpin Saudi Arabia, which said it pumped at its lowest level in more than five years, OPEC on Friday reported it slashed its crude production in July, as it continues to battle slumping oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC Read More

Oil heads for weekly gain as trade war headlines whipsaw market

1 day ago DieselGasoil Comments Off on Oil heads for weekly gain as trade war headlines whipsaw market
By Sharon Cho and Grant Smith on 8/16/2019 SINGAPORE (Bloomberg) – Oil headed for a weekly increase as hopes that the U.S. and China could resume negotiations to resolve their trade dispute capped a week of volatile trading. Futures added as much as 1.7% on Friday in New York, bringing their gain for the week Read More

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?

1 day ago DieselGasoil Comments Off on Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during Read More

‘Impudent’ speech triggers more North Korea missile tests

2 days ago DieselGasoil Comments Off on ‘Impudent’ speech triggers more North Korea missile tests
North Korea has test fired two more missiles, just hours after saying it would never sit down for talks with South Korea again. It is the latest in a series of firings, triggered by, amongst other things, joint military exercises between the US and South Korea. North Korea has called them a rehearsal for war. Read More

‘Crazy inverted yield curve’ vexes Fed, with no clear resolution

2 days ago DieselGasoil Comments Off on ‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
WASHINGTON (Reuters) – Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. REUTERS/Eduardo Munoz Called a “yield curve inversion,” this Read More