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Police tell criminals to take the weekend off as stifling heat grips US

8 hours ago DieselGasoil Comments Off on Police tell criminals to take the weekend off as stifling heat grips US
By Lucia Binding, news reporter Police in the US have told criminals to take the weekend off as a sweltering heatwave causes disruption across the East Coast. In a tongue-in-cheek plea on their Facebook page, officers in Boston wrote: “Due to the extreme heat, we are asking anyone thinking of doing criminal activity to hold Read More

Oil will go ‘bust’ if recession hits

21 hours ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

British Airways, Lufthansa suspend flights to Cairo for 7 days as ‘precaution’

1 day ago DieselGasoil Comments Off on British Airways, Lufthansa suspend flights to Cairo for 7 days as ‘precaution’
The UK’s flag carrier has apparently suspended all its flights to the capital of Egypt for a whole week, calling the move a “precaution.” Germany’s Lufthansa reportedly followed suit. The abrupt move was made by British Airways on Saturday and quietly announced to the customers through letters that provided little insight into why the “precaution” Read More

France and Germany stand by UK over ‘massive’ Iran crisis

2 days ago DieselGasoil Comments Off on France and Germany stand by UK over ‘massive’ Iran crisis
The French foreign ministry has called on Iran to quickly release a British-flagged oil tanker it detained on Friday afternoon. The Stena Impero and its 23 crew members were approached by unidentified small crafts and a helicopter as it passed through the Strait of Hormuz on Friday at around 4pm UK time, according to the Read More

Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker

2 days ago DieselGasoil Comments Off on Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker
Jeremy Hunt has warned Iran will face “serious consequences” if it does not release a British-flagged oil tanker which was detained in the Strait of Hormuz. The foreign secretary attended a meeting of the government’s emergency committee Cobra on Friday night amid escalating tensions in the region. Following the talks, a government spokesperson said Iran’s Read More

Polish newspaper compared to ‘German fascists’ over ‘LGBT-free zone’ stickers

2 days ago DieselGasoil Comments Off on Polish newspaper compared to ‘German fascists’ over ‘LGBT-free zone’ stickers
A conservative Polish newspaper has kicked off heated controversy after announcing it would include ‘LGBT-free zone’ stickers in a future issue, prompting comparisons to anti-Jewish signs and slogans used by the Nazis. A preview of the contentious sticker was shared to Twitter on Wednesday by Gazeta Polska, a right-of-center publication with a readership of around Read More

Fed rate cut bets buoy stocks, dollar steadies

3 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Fed rate cut bets lift stocks, dollar steadies

3 days ago DieselGasoil Comments Off on Fed rate cut bets lift stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Asia stocks firm as Fed props up rate cut expectations

3 days ago DieselGasoil Comments Off on Asia stocks firm as Fed props up rate cut expectations
TOKYO (Reuters) – Asian stocks rose on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock Read More

IEA says does not expect ‘huge increase’ in crude prices

3 days ago DieselGasoil Comments Off on IEA says does not expect ‘huge increase’ in crude prices
FILE PHOTO: International Energy Agency Executive Director Fatih Birol speaks during the “Rome 2015 MED, Mediterranean dialogues” forum in Rome, Italy, December 11, 2015. REUTERS/Max Rossi/File Photo NEW DELHI (Reuters) – The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude Read More