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Fed pumps more cash as key rate breaks above target

7 hours ago DieselGasoil Comments Off on Fed pumps more cash as key rate breaks above target
NEW YORK (Reuters) – The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis. FILE PHOTO: Read More

Extraction Oil & Gas, Inc. Announces the Appointment of Audrey Robertson to its Board of Directors

9 hours ago DieselGasoil Comments Off on Extraction Oil & Gas, Inc. Announces the Appointment of Audrey Robertson to its Board of Directors
DENVER, Sept. 18, 2019 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction”) today announced that its Board of Directors has appointed Audrey Robertson to serve as an independent member of the Company’s Board. Ms. Robertson will serve as a member of the Audit Committee. The appointment is effective immediately and now brings Read More

BBC launches ‘digital wellbeing’ Own It app for children

24 hours ago DieselGasoil Comments Off on BBC launches ‘digital wellbeing’ Own It app for children
The BBC has created a “wellbeing” smartphone app called Own It aimed at children. It monitors how young people interact with friends and family online and through messaging apps. It uses AI to evaluate a child’s mood so it can offer advice or encourage them to talk to trusted adults. The app is designed to Read More

Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister

1 day ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister
Highlights Abqaiq is processing some 2 million b/d Oil prices fall after Saudi attack update Aramco IPO plan still set for next 12 months London — Saudi Arabia expects to restore most of the crude production affected by attacks on two of its key oil facilities within two weeks, the country’s energy minister said Tuesday, Read More

Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO

1 day ago DieselGasoil Comments Off on Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO
Singapore — The fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, several market participants told S&P Global Platts, confirming expectations of imminent changes to global trade flows for residual fuels going into 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Divided Fed set to cut interest rates this week, but then what?

2 days ago DieselGasoil Comments Off on Divided Fed set to cut interest rates this week, but then what?
SAN FRANCISCO (Reuters) – Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that begins on Tuesday. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Read More

Oil at $100 per barrel? Attack on Saudi refineries could shake oil market further

2 days ago DieselGasoil Comments Off on Oil at $100 per barrel? Attack on Saudi refineries could shake oil market further
The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply shortages, market and industry experts believe. The devastating attack on major Saudi oil refineries at Abqaiq and Khurais slashed the kingdom’s output by 50 percent and knocked out more than Read More

Indonesia’s July gasoline imports drop to lowest level in 2019 at 1.1 mil mt

2 days ago DieselGasoil Comments Off on Indonesia’s July gasoline imports drop to lowest level in 2019 at 1.1 mil mt
Indonesia took in a total of 1.106 million mt of gasoline in July, a stark fall of 21.4% on the month and the smallest volume year to date, detailed figures from Statistics Indonesia showed this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The drop had, however, been Read More

Workers picket GM plants as UAW contract talks resume

3 days ago DieselGasoil Comments Off on Workers picket GM plants as UAW contract talks resume
DETROIT (Reuters) – Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations. The UAW on Sunday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering Read More

World sleepwalking into total nuclear war as callous elites fear no bloodshed – Russian scholar

3 days ago DieselGasoil Comments Off on World sleepwalking into total nuclear war as callous elites fear no bloodshed – Russian scholar
Limiting nuclear arsenals doesn’t make the world safer – not while the elites, who have never seen a big war, complacently believe they never will. This dangerous illusion invites apocalyptic conflict, a renowned scholar believes. Humankind’s history might be a history of wars, but for several decades there was a sort of lull, with no Read More