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Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry

12 hours ago DieselGasoil Comments Off on Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry
LONDON (Reuters) – World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Asian shares turn lower on guarded Fed, yen rises after BOJ

21 hours ago DieselGasoil Comments Off on Asian shares turn lower on guarded Fed, yen rises after BOJ
TOKYO (Reuters) – Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2, 2019. REUTERS/Stringer Treasury Read More

Asian shares edge higher after Fed, investors await BOJ

1 day ago DieselGasoil Comments Off on Asian shares edge higher after Fed, investors await BOJ
TOKYO (Reuters) – Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Read More

Fed cuts interest rates, signals holding pattern for now

1 day ago DieselGasoil Comments Off on Fed cuts interest rates, signals holding pattern for now
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook as “favorable,” Fed Chair Jerome Powell said the rate Read More

Wall Street falls as energy drags; focus shifts to Fed meeting

2 days ago DieselGasoil Comments Off on Wall Street falls as energy drags; focus shifts to Fed meeting
(Reuters) – U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. Traders work on the floor at the New York Stock Exchange Read More

Saudi Sep crude loadings to Asia uninterrupted, future cuts likely: survey

4 days ago DieselGasoil Comments Off on Saudi Sep crude loadings to Asia uninterrupted, future cuts likely: survey
Singapore — Saudi Aramco’s customers across Asia continued to load September crude oil barrels from the kingdom’s facilities over the weekend and on Monday without hassle, they told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now But customers are staying cautious amidst widespread expectation of cuts Read More

Asia high sulfur fuel oil market may reel under further supply pressure from Saudi attacks: traders

4 days ago DieselGasoil Comments Off on Asia high sulfur fuel oil market may reel under further supply pressure from Saudi attacks: traders
Singapore — Asian high sulfur fuel oil markets are likely to come under intense pressure due to the drop in exports from Saudi Arabia following the weekend drone attacks as the leadup to the IMO 2020 sulfur cap on bunker fuel had already tightened supply in the region, traders said Monday. Not registered? Receive daily Read More

U.S. oil companies set to benefit from Saudi supply disruption

4 days ago DieselGasoil Comments Off on U.S. oil companies set to benefit from Saudi supply disruption
By Tina Davis on 9/15/2019 NEW YORK (Bloomberg) –Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache, Continental Resources, Concho Resources, Devon Energy Read More

Two killed as torrential rains sweep away cars in Spain

1 week ago DieselGasoil Comments Off on Two killed as torrential rains sweep away cars in Spain
Rescue workers stand next to an overturned car where an elderly couple died after heavy floods in Albacete, Spain, September 12, 2019 in this still image taken from a video obtained by Reuters. Atlas/Reuters TV via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. SPAIN OUT. NO COMMERCIAL OR EDITORIAL Read More

OPEC+ members pledge to do better on quota compliance, but no new oil cuts

1 week ago DieselGasoil Comments Off on OPEC+ members pledge to do better on quota compliance, but no new oil cuts
Abu Dhabi — Saudi Arabia’s new energy minister Prince Abdulaziz bin Salman on Thursday prevailed on two of the coalition’s most recalcitrant members — Iraq and Nigeria — to bring their oil production down closer to their quotas, in what delegates said would amount to a 400,000 b/d output cut to help shore up slumping Read More