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Wall Street tumbles, indexes post biggest weekly losses since March

1 week ago DieselGasoil Comments Off on Wall Street tumbles, indexes post biggest weekly losses since March
(Reuters) – Wall Street’s main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over U.S.-China trade tensions and interest rates convulsed Wall Street. The S&P 500 erased virtually all of its Read More

Global shares mixed as trade worries loom; oil surges

1 week ago DieselGasoil Comments Off on Global shares mixed as trade worries loom; oil surges
NEW YORK (Reuters) – Concerns over China-U.S. trade tensions gave European shares their worst week of losses in two months and sank U.S. stocks on Friday, overshadowing the lift from higher oil prices and jobs data. While Europe was higher on the day with a small recovery after three sessions of heavy losses, the trade Read More

Oil prices up 2 percent as OPEC, Russia near output cut

1 week ago DieselGasoil Comments Off on Oil prices up 2 percent as OPEC, Russia near output cut
LONDON (Reuters) – Oil prices jumped more than 2 percent on Friday as Russia and the major Middle East producers in OPEC edged closer to an agreement to reduce output to try to drain inventories and support the market. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Read More

Opinion: Qatar leaving is an ominous sign for OPEC

2 weeks ago DieselGasoil Comments Off on Opinion: Qatar leaving is an ominous sign for OPEC
By Liam Denning on 12/4/2018 (Bloomberg Opinion) — The immediate question raised by Qatar leaving OPEC is, of course, what to call this? Qatarexit, or even Qatexit, sound wrong. Qatar-ta-for-now has a nice ring to it, even if it’s a tad unwieldy. Maybe just go with Qatout. While that one is a little aggressive, it Read More

Sears secures court approval for additional $350 million loan

3 weeks ago DieselGasoil Comments Off on Sears secures court approval for additional $350 million loan
NEW YORK/SAN FRANCISCO (Reuters) – Sears Holdings Corp (SHLDQ.PK) won court approval on Tuesday for a new deal clinching $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize. FILE PHOTO: The Sears logo is seen outside a store in Brooklyn, New York, U.S., Read More

Serbia plans to halt dam boom in protected areas

3 weeks ago DieselGasoil Comments Off on Serbia plans to halt dam boom in protected areas
SARAJEVO (Reuters) – Serbia has drafted a new law to ban the construction of small hydro power plants in protected areas, bowing to pressure from environmentalists aiming to preserve a network of waterways that see the Balkans dubbed the “blue heart” of Europe. The law, drafted by the ministry of environmental protection, will be forwarded Read More

Oil bulls flee as Saudis stir echo of worst rout in decades

3 weeks ago DieselGasoil Comments Off on Oil bulls flee as Saudis stir echo of worst rout in decades
By Alex Nussbaum on 11/26/2018 NEW WORK (Bloomberg) — Hedge funds haven’t been this pessimistic about global oil prices since Brent crude was spiraling into its worst rout in a generation almost three years ago. Net-long wagers on the international benchmark fell 15% in the week ending Nov. 20, hitting their lowest level since oil Read More

Oil careens lower on record Saudi production, global stock slide

3 weeks ago DieselGasoil Comments Off on Oil careens lower on record Saudi production, global stock slide
By Alex Nussbaum and Grant Smith on 11/23/2018 NEW YORK CITY (Bloomberg) — Oil careened lower on Friday, with futures in London slipping below $60 for the first time in a year, as a global stock-market sell-off and signs of record Saudi output helped intensify crude’s late-year freefall. Brent, the international benchmark, dropped as much Read More

Iran: US has failed to stop oil exports

4 weeks ago DieselGasoil Comments Off on Iran: US has failed to stop oil exports
Iran’s president Hassan Rouhani said on Monday that the country will continue to export oil despite fresh US sanctions, which he described as “psychological war doomed to failure.” “We will not yield to this pressure which is part of the psychological war launched against Iran,” he said on state TV. “They have failed to stop Read More

EU army: Will it be easy for Europe to get rid of American political diktat?

1 month ago DieselGasoil Comments Off on EU army: Will it be easy for Europe to get rid of American political diktat?
The creation of a European army would be a boon for Russia-EU relations, various military experts have told RT. It would mean getting rid of the US political diktat – and that’s why Washington will not allow it. Were the European Union to create an army of its own, as French President Emmanuel Macron and Read More