newszine

API: Total U.S. petroleum demand in July highest since 2005

1 day ago DieselGasoil Comments Off on API: Total U.S. petroleum demand in July highest since 2005
8/16/2019 WASHINGTON – Total U.S. petroleum demand averaged 20.8 MMbpd in July 2019, which represented a 0.9% year-over-year increase and the highest demand for the month since 2005, according to the latest Monthly Statistical Report released today by the American Petroleum Institute. The increase in demand came as the U.S. continued to sustain world-leading production, Read More

Your Money: Big companies explore virtual care to curb healthcare costs

4 days ago DieselGasoil Comments Off on Your Money: Big companies explore virtual care to curb healthcare costs
NEW YORK (Reuters) – Big companies are increasing incorporating virtual technology and care options into employee benefit plans to combat the rising healthcare costs that long been corporate America’s bugaboo, according to the annual survey of the National Business Group on Health. The No. 1 goal for employers in 2020 is to implement more virtual Read More

Exclusive: Germany eyes fiscal U-turn with new debt to finance climate plan

1 week ago DieselGasoil Comments Off on Exclusive: Germany eyes fiscal U-turn with new debt to finance climate plan
BERLIN (Reuters) – Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection program with new debt, a senior government official said. The Brandenburg Gate is reflected in a puddle in Berlin, Germany, August 8, 2019. REUTERS/Fabrizio Bensch – RC18D5D4F010 Chancellor Angela Merkel’s government has managed to raise public Read More

Exclusive: Germany eyes fiscal U-turn to finance climate protection plan – official

1 week ago DieselGasoil Comments Off on Exclusive: Germany eyes fiscal U-turn to finance climate protection plan – official
BERLIN (Reuters) – Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection program with new debt, a senior government official said. The Brandenburg Gate is reflected in a puddle in Berlin, Germany, August 8, 2019. REUTERS/Fabrizio Bensch – RC18D5D4F010 Chancellor Angela Merkel’s government has managed to increase public Read More

Wall Street sinks as yuan slide intensifies trade angst, Dow loses 700 points

2 weeks ago DieselGasoil Comments Off on Wall Street sinks as yuan slide intensifies trade angst, Dow loses 700 points
(Reuters) – The Dow Jones Industrial Average tumbled more than 700 points in a global selloff on Monday, triggered by China’s willingness to let the yuan slide in response to the latest U.S. threats on trade. The yuan sank to its lowest level in more than a decade, and President Donald Trump slammed it as Read More

GoPro lifts revenue forecast on new product slate, shares rebound

2 weeks ago DieselGasoil Comments Off on GoPro lifts revenue forecast on new product slate, shares rebound
(Reuters) – GoPro Inc (GPRO.O) raised its 2019 revenue forecast on Thursday, as the action camera maker bets on new releases slated for later this year and helping shares reverse course to trade up 5%. FILE PHOTO: A GoPro camera is seen in this illustration photo January 9, 2018. REUTERS/Thomas White/Illustration The company on a Read More

Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank

2 weeks ago DieselGasoil Comments Off on Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank
(Reuters) – Wearable device maker Fitbit Inc (FIT.N) cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low. FILE PHOTO: Visitors walk past an advertising billboard for Fitbit Ionic watches at the IFA Electronics Show Read More

WeWork hosts analysts before IPO; debt, lease obligations in focus

2 weeks ago DieselGasoil Comments Off on WeWork hosts analysts before IPO; debt, lease obligations in focus
NEW YORK (Reuters) – Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first time, possibly in September, a sale that will create a benchmark for the rapidly expanding flexible office industry. FILE PHOTO: A woman exits a WeWork co-working space in Read More

Analysis: Supply risks could test oil market’s buffers, while OPEC cuts away

3 weeks ago DieselGasoil Comments Off on Analysis: Supply risks could test oil market’s buffers, while OPEC cuts away
Highlights OPEC has some 3.16 million b/d of spare production capacity IEA says global stocks sufficient to counter geopolitical risks Spare capacity is a more reliable cushion than SPRs OPEC is slowly tightening the oil market and increasing its spare capacity, but the risks of policy miscalculation as well as significantly disruptive events are rising Read More

Analysis: Middle East woes may prompt India to expedite SPR leasing, expansion

3 weeks ago DieselGasoil Comments Off on Analysis: Middle East woes may prompt India to expedite SPR leasing, expansion
Singapore — Escalating tensions around the key Middle Eastern oil route may prompt India to expedite plans to expand its strategic reserves in an effort to ensure supply security and cushion the impact of any potential supply disruptions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With the bulk Read More