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OPEC sees demand for its crude declining as rivals surge

9 hours ago DieselGasoil Comments Off on OPEC sees demand for its crude declining as rivals surge
By Alex Longley on 11/13/2018 LONDON (Bloomberg) — OPEC sees demand for its own crude falling even faster than expected in 2019 as a slowing global economy crimps demand and rival supplies surge.  The figures, published in the cartel’s monthly report, underline why Saudi Arabia and some other members are talking about cutting production again. Read More

Consumer Credit Increasing At A Much Faster Rate Than Retail Sales

13 hours ago DieselGasoil Comments Off on Consumer Credit Increasing At A Much Faster Rate Than Retail Sales
The Federal Reserve says the pace of consumer credit growth slowed in September. Yet the pace of growth of consumer credit has been growing nearly double the pace of retail sales growth. Consumer credit does not include include mortgages. It does include revolving credit (e.g.credit cards) and non-revolving Read More

Asian shares pare losses on U.S.-China trade optimism, oil slides

17 hours ago DieselGasoil Comments Off on Asian shares pare losses on U.S.-China trade optimism, oil slides
SYDNEY (Reuters) – Asian shares pared losses on Tuesday as hopes for a de-escalation of the Sino-U.S. tariff war drew support from reports that China’s top trade negotiator was preparing to visit the United States ahead of a meeting between the two countries’ leaders. People walk past an electronic board showing Japan’s Nikkei average outside Read More

Asian shares sell-off on Wall Street tech rout, oil slides

21 hours ago DieselGasoil Comments Off on Asian shares sell-off on Wall Street tech rout, oil slides
SYDNEY (Reuters) – Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16-month highs as People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, Read More

Apple, Goldman Sachs send Wall Street tumbling

1 day ago DieselGasoil Comments Off on Apple, Goldman Sachs send Wall Street tumbling
NEW YORK (Reuters) – Wall Street’s major indexes tumbled on Monday as shares of Apple Inc (AAPL.O) and Goldman Sachs Group Inc (GS.N) dragged down the technology and financial sectors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid With Monday’s losses, Read More

Global stocks sell off as tech tumbles; dollar hits 16-month high

1 day ago DieselGasoil Comments Off on Global stocks sell off as tech tumbles; dollar hits 16-month high
NEW YORK (Reuters) – U.S. and European stocks fell sharply on Monday, with tech stocks in both regions getting hammered, while the U.S. dollar surged to its highest point in 16 months against a basket of currencies amid concern about European political risks. FILE PHOTO: A U.S. Dollar note is seen in this June 22, Read More

Analysis: US crude supply expected to expand for eighth week amid strong production

1 day ago DieselGasoil Comments Off on Analysis: US crude supply expected to expand for eighth week amid strong production
Highlights Commercial crude likely added 2.33 million barrels last week Surging production, capacity constraints outpacing Refinery runs Strong Bakken margins could weigh on distillate production New York — US crude supply likely expanded last week as strong domestic production outpaced gains in Refinery runs, an S&P Global Platts analysis showed on Monday. Not registered? Receive Read More

Apptio to go private in $1.94 billion with Vista Equity Partners

2 days ago DieselGasoil Comments Off on Apptio to go private in $1.94 billion with Vista Equity Partners
(Reuters) – Software company Apptio Inc (APTI.O) said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public. FILE PHOTO: Robert Smith, Founder, Chairman and CEO, Vista Equity Partners, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, Read More

OPEC and Russia weigh need for crude production cuts at Abu Dhabi meeting

3 days ago DieselGasoil Comments Off on OPEC and Russia weigh need for crude production cuts at Abu Dhabi meeting
New York — Prompt NYMEX WTI futures matched the all-time longest string of consecutive declines in contract history after prices fell for a 10th straight day Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX December WTI settled down 48 cents at $60.19/b, its lowest since March. WTI Read More

NYMEX WTI crude plumbs 2018 lows, ties longest-ever downswing

4 days ago DieselGasoil Comments Off on NYMEX WTI crude plumbs 2018 lows, ties longest-ever downswing
New York — Prompt NYMEX WTI crude futures matched the all-time longest losing string of consecutive declines in contract history after prices fell for a 10th straight day Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX December WTI settled down 48 cents at $60.19/b, its lowest since Read More