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Chevron seeks to turn Canada LNG plan into all-electric design

17 hours ago DieselGasoil Comments Off on Chevron seeks to turn Canada LNG plan into all-electric design
By Natalie Obiko Pearson on 7/15/2019 VANCOUVER (Bloomberg) — Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world. Chevron Read More

Factbox: Offshore oil, gas production continues to be shut in as US Gulf Coast prepares for Tropical Storm Barry landfal

4 days ago DieselGasoil Comments Off on Factbox: Offshore oil, gas production continues to be shut in as US Gulf Coast prepares for Tropical Storm Barry landfal
Washington — Tropical Storm Barry is expected to make landfall over the central Louisiana Coast Saturday, bringing the potential for extreme flooding, National Hurricane Center information showed Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The US Department of Interior’s Bureau of Safety and Environmental Enforcement said Friday Read More

U.S. producer prices rise marginally, suggest tame inflation

4 days ago DieselGasoil Comments Off on U.S. producer prices rise marginally, suggest tame inflation
WASHINGTON (Reuters) – U.S. producer prices rose slightly for the second straight month in June as an acceleration in the cost of services was offset by cheaper energy goods, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, Read More

June imports fall at top U.S. hub for China ocean trade

5 days ago DieselGasoil Comments Off on June imports fall at top U.S. hub for China ocean trade
LOS ANGELES (Reuters) – The Los Angeles and Long Beach port complex, the nation’s busiest and the No. 1 for ocean trade with China, – handled 5.1%fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains. FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) Read More

Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy

6 days ago DieselGasoil Comments Off on Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy
WASHINGTON (Reuters) – Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this Read More

Bond yields creep higher as markets wait for Fed signals

6 days ago DieselGasoil Comments Off on Bond yields creep higher as markets wait for Fed signals
LONDON (Reuters) – Shares were treading water on Wednesday while rising Treasury yields kept the dollar steady, as investors waited to hear whether the world’s most powerful central banker would confirm or confound expectations for a U.S. rate cut this month. MSCI’s broadest index of world stocks was little changed after three days of losses. Read More

Fed chief likely to focus on trade-inspired policy shift in testimony

6 days ago DieselGasoil Comments Off on Fed chief likely to focus on trade-inspired policy shift in testimony
WASHINGTON (Reuters) – The U.S. Federal Reserve over the course of its 105-year history has changed monetary policy in reaction to property crashes, war, financial bubbles and policymakers’ gut instincts about where the economy was heading. But the U.S. central bank is now laying the groundwork for its first policy shift triggered by tweets, as Read More

Asia shares count on Powell to stay accommodative

6 days ago DieselGasoil Comments Off on Asia shares count on Powell to stay accommodative
SYDNEY (Reuters) – Asian shares pulled ahead on Wednesday while rising Treasury yields lifted the dollar as investors waited anxiously to hear if the world’s most powerful central banker would confirm or confound expectations for U.S. easing this month. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS advanced 0.4%, after three sessions of losses. Read More