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FRO – Third Quarter and Nine Months 2018 Results

3 hours ago DieselGasoil Comments Off on FRO – Third Quarter and Nine Months 2018 Results
Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and nine months ended September 30, 2018: Highlights Net income attributable to the Company of $2.2 million, or $0.01 per share, for the third quarter of 2018. Net loss attributable to the Company adjusted for certain non-cash items of $8.4 million, or Read More

Offshore reserves could provide $1.6 billion in tax revenues for South Carolina

14 hours ago DieselGasoil Comments Off on Offshore reserves could provide $1.6 billion in tax revenues for South Carolina
11/15/2018 COLUMBIA, S.C. — The South Carolina Petroleum Council has released a new study showing that South Carolina’s economy could benefit from nearly $1.6 billion in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS). “This new study on the tax generating benefits of offshore activity underscores the fact Read More

A matter of volume: threat from ascendant Chinese phones hangs over Apple

1 day ago DieselGasoil Comments Off on A matter of volume: threat from ascendant Chinese phones hangs over Apple
SAN FRANCISCO (Reuters) – A raft of profit warnings from Apple Inc (AAPL.O) suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth. FILE PHOTO: A customer compares the size of Read More

Oil rebounds after long plunge, dollar weaker after inflation data

2 days ago DieselGasoil Comments Off on Oil rebounds after long plunge, dollar weaker after inflation data
NEW YORK (Reuters) – Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while the dollar held losses against a basket of currencies following data showing U.S. inflation increased at a rate in line with expectations. Traders work on the floor at the New York Stock Exchange Read More

Petroteq Delivers Oil to the Market

2 days ago DieselGasoil Comments Off on Petroteq Delivers Oil to the Market
SHERMAN OAKS, CA, Nov. 14, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV: PQE; OTC: PQEFF; FSE: PQCF), a fully integrated oil and gas company, is pleased to announce that it has begun delivering oil into its regional market. “Our first sale of our product this week represents a critical milestone in Read More

Weaker retail sales loom over China's economy despite some bright spots

2 days ago DieselGasoil Comments Off on Weaker retail sales loom over China's economy despite some bright spots
BEIJING (Reuters) – China delivered a mixed economic report card for October on Wednesday as softening retail sales pointed to a consumption slowdown, even as a pick-up in industrial output and investment suggested support measures may be starting to take hold. FILE PHOTO: Employees work at a production line of lithium ion batteries inside a Read More

S&P, Dow lose ground as crude plunge punishes energy stocks

3 days ago DieselGasoil Comments Off on S&P, Dow lose ground as crude plunge punishes energy stocks
NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, Read More

Germany needs crisis mentality to close digital gap: Merkel ally

3 days ago DieselGasoil Comments Off on Germany needs crisis mentality to close digital gap: Merkel ally
BERLIN/FRANKFURT (Reuters) – Germany’s thriving economy has lulled the country into a false sense of security that is hindering government efforts to close a digital technology gap with other leading economies, Chancellor Angela Merkel’s digital czar said on Tuesday. FILE PHOTO – Dorothee Baer, German Minister of State for Digitalization, attends a Reuters interview in Read More

More pain in store for Italian bonds: NN IP CIO

3 days ago DieselGasoil Comments Off on More pain in store for Italian bonds: NN IP CIO
LONDON (Reuters) – Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment Partners’ chief investment officer said on Tuesday. Head of asset allocation at NN Investment Partners, Valentijn van Nieuwenhuijzen, speaks Read More