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Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence

7 hours ago DieselGasoil Comments Off on Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence
Highlights Total 2019 sales should exceed 2018 totals: BOEM Recent operators’ optimism for US Gulf remains high Crude holding above $50/b breakeven Houston — The oil and gas industry will be closely watching this week’s US Gulf of Mexico lease sale to determine if lower oil prices will slow the renewed optimism in offshore projects, Read More

‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds

2 days ago DieselGasoil Comments Off on ‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds
RT’s latest episode of The Keiser Report looks at what the infamous negative yielding bonds are made of, who profits from them – and who suffers losses. The negative yielding bonds are, in truth, an “instrument of forced inflation” aimed at the “destruction of purchasing power,” Karl Denninger ofMarket-Ticker.org told Max Keiser in the episode. “Negative Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

4 days ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

South Korea versus Japan delivered 380 CST bunker price spread hits record high

4 days ago DieselGasoil Comments Off on South Korea versus Japan delivered 380 CST bunker price spread hits record high
Singapore — The delivered 380 CST bunker fuel price spread between South Korea and Japan widened to a record high Thursday, due to persistent tightness in high sulfur fuel oil supply in South Korea and rising supply in Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The South Read More

J.C. Penney shares surge as loss halves, sales still falling

5 days ago DieselGasoil Comments Off on J.C. Penney shares surge as loss halves, sales still falling
(Reuters) – J.C. Penney Co Inc (JCP.N) posted a smaller-than-expected quarterly loss on Thursday, as the struggling department store operator’s efforts to cut costs and shutter unprofitable businesses paid off, sending its shares up 12%. FILE PHOTO: Levi’s men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Read More

Green energy has a plethora of failures

5 days ago DieselGasoil Comments Off on Green energy has a plethora of failures
By Will Wade on 8/15/2019 NEW YORK (Bloomberg Markets) –It must have seemed like a good idea at the time. The annals of green energy are filled with people who devised “brilliant solutions” to vexing problems, delivering more power for less money, making things cleaner, easier, and better. Some became rich and famous in the Read More

Advanced Emissions Solutions Announces Additional Refined Coal Facility Closure with Third-Party Investor

5 days ago DieselGasoil Comments Off on Advanced Emissions Solutions Announces Additional Refined Coal Facility Closure with Third-Party Investor
HIGHLANDS RANCH, Colo., Aug. 15, 2019 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”) today announced that Tinuum Group, LLC (“Tinuum Group”), a joint venture among the Company’s subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc., has completed a transaction Read More

Orca Exploration Announces Completion of its Q2 2019 Interim Filings

5 days ago DieselGasoil Comments Off on Orca Exploration Announces Completion of its Q2 2019 Interim Filings
TORTOLA, British Virgin Islands, Aug. 14, 2019 (GLOBE NEWSWIRE) — Orca Exploration Group Inc. (“Orca” or the “Company“) announces that it has filed its condensed consolidated interim financial statements and management’s discussion and analysis for the three and six month periods ended June 30, 2019 with the Canadian securities regulatory authorities. During Q2 2019 the Read More

TGS Completes Acquisition of Spectrum

6 days ago DieselGasoil Comments Off on TGS Completes Acquisition of Spectrum
Oslo, Norway (14 August 2019) – TGS-NOPEC Geophysical Company ASA (“TGS”, OSE: TGS) announced today that it has completed its acquisition of Spectrum ASA (“Spectrum”, OSE: SPU), creating a leading global multi-client geophysical data provider. TGS first announced its intent to acquire Spectrum on 2 May 2019. Completion of the acquisition and the merger plan Read More

Macy’s posts 48% drop in profit, cuts full-year forecast

6 days ago DieselGasoil Comments Off on Macy’s posts 48% drop in profit, cuts full-year forecast
FILE PHOTO: The Macy’s logo is pictured on the side of a building in down town Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Macy’s Inc (M.N) reported a 48% fall in quarterly profit and cut its forecast for full-year adjusted earnings on Wednesday, as the department store operator discounted heavily Read More