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Oil rises amid doubts about speed of Saudi recovery from attacks

2 hours ago DieselGasoil Comments Off on Oil rises amid doubts about speed of Saudi recovery from attacks
By Grant Smith on 9/19/2019 LONDON (Bloomberg) – Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production. Futures gained 2.1% in New York after paring around half of Monday’s 15% surge over the past two days. The Read More

Pilot caught on high-voltage power line after fighter jet crash

2 hours ago DieselGasoil Comments Off on Pilot caught on high-voltage power line after fighter jet crash
By Lucia Binding, news reporter A pilot is stuck on a high-voltage electricity line in France after a Belgian fighter jet crashed. The F-16 jet crashed near Pluvigner in Brittany on Thursday, French authorities said. One pilot was safely rescued and emergency workers are extracting the other pilot from the electricity line. The immediate area Read More

Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently

3 hours ago DieselGasoil Comments Off on Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

Fast facts about the smoky haze smothering Southeast Asia

4 hours ago DieselGasoil Comments Off on Fast facts about the smoky haze smothering Southeast Asia
JAKARTA (Reuters) – During Southeast Asia’s dry season, farmers in Indonesia and other countries clear land using fire, often for palm and wood pulp plantations, with flames frequently raging out of control to produce a choking haze that spreads across the region. FILE PHOTO: A couple dines as the Singapore F1 Grand Prix night race Read More

Analysis: Saudi disruptions expose Asia’s deficient emergency oil reserves

4 hours ago DieselGasoil Comments Off on Analysis: Saudi disruptions expose Asia’s deficient emergency oil reserves
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

Large parts of Bermuda plunged into darkness as Hurricane Humberto whips island

9 hours ago DieselGasoil Comments Off on Large parts of Bermuda plunged into darkness as Hurricane Humberto whips island
HAMILTON, Bermuda (Reuters) – Hurricane Humberto knocked out power lines in Bermuda on Wednesday night, plunging nearly the whole Atlantic archipelago into darkness, as the storm whipped the British territory with powerful winds and heavy rain. FILE PHOTO: The eye of Hurricane Humberto is seen as National Oceanic and Atmospheric Administration (NOAA) Hurricane Hunter flies Read More

Justin Trudeau insists his ‘brownface incident’ no reason to resign because he is REALLY sorry & promises to do better

12 hours ago DieselGasoil Comments Off on Justin Trudeau insists his ‘brownface incident’ no reason to resign because he is REALLY sorry & promises to do better
Canadian PM and self-proclaimed champion of diversity Justin Trudeau wore full brownface makeup for an Arabian Nights-themed party at the high-end private school where he taught in Vancouver, but he insists he’s not racist. A photograph of a grinning 29-year-old Trudeau in a turban, brown makeup on his face, neck and hands, and billowing white Read More

Firm advertised huge returns. It won an award in Monaco. The SEC calls it a fraud

16 hours ago DieselGasoil Comments Off on Firm advertised huge returns. It won an award in Monaco. The SEC calls it a fraud
(Reuters) – Mediatrix Capital said its clients went five years without a single monthly loss. It said it won an award as top global asset manager for its returns over that time. A group in Monaco declared Mediatrix the Best Family Office Asset Manager. The U.S. Securities and Exchange Commission calls Mediatrix a Ponzi-like fraud. Read More

Fed cuts rates again, gives mixed signals for next move

17 hours ago DieselGasoil Comments Off on Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

Instant view: Fed cuts rates again, gives mixed signals for next move

18 hours ago DieselGasoil Comments Off on Instant view: Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More