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Analyis: Crude stocks soar amid record production, nearly flat refinery runs

2 hours ago DieselGasoil Comments Off on Analyis: Crude stocks soar amid record production, nearly flat refinery runs
Highlights Crude stocks add 10.27 million barrels Refinery runs edge up to 90.1% of capacity Refined product demand rockets to multi-decade high New York — US crude supply increased to a 48-week high last week on the back of record-high production and languishing Refinery runs, Energy Information Administration data showed Thursday. Not registered? Receive daily Read More

Energy CEOs despair in Canada as pipeline woes compound misery

6 hours ago DieselGasoil Comments Off on Energy CEOs despair in Canada as pipeline woes compound misery
By Michael Bellusci on 11/15/2018 TORONTO (Bloomberg) — The Canadian oil patch is losing patience with the country’s lack of support for the industry. The plunge in global crude prices is being exacerbated in Canada by a lack of pipeline capacity, sending the country’s oil prices to a near record discount to the U.S. and Read More

Third Point gains ISS, Glass Lewis support in Campbell proxy fight

7 hours ago DieselGasoil Comments Off on Third Point gains ISS, Glass Lewis support in Campbell proxy fight
NEW YORK (Reuters) – Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb’s hedge fund to make changes at Campbell Soup Co (CPB.N), including replacing some board members. FILE PHOTO: Cans of Campbell’s Soup are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan McDermid/File Read More

Strong U.S. economy boosts Walmart's third-quarter sales

8 hours ago DieselGasoil Comments Off on Strong U.S. economy boosts Walmart's third-quarter sales
NEW YORK (Reuters) – Walmart Inc (WMT.N) reported higher-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong economy boosted customer store visits and e-commerce purchases grew as it sold more groceries online. FILE PHOTO: A shopper is seen in the aisle of a Walmart store in Woodstock, Georgia, Read More

Sterling tumbles as PM May races to salvage Brexit deal

9 hours ago DieselGasoil Comments Off on Sterling tumbles as PM May races to salvage Brexit deal
LONDON (Reuters) – Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May’s government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled. British Pound Sterling banknotes are seen in a box at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017.REUTERS/Leonhard Foeger Read More

Proxy advisory firm ISS favors vote for Third Point nominees at Campbell

21 hours ago DieselGasoil Comments Off on Proxy advisory firm ISS favors vote for Third Point nominees at Campbell
NEW YORK (Reuters) – Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company. FILE PHOTO: The logo and ticker for Campbell Soup Read More

Proxy advisory firm ISS recommends for all Third Point nominees at Campbell

22 hours ago DieselGasoil Comments Off on Proxy advisory firm ISS recommends for all Third Point nominees at Campbell
FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Shareholder advisory firm ISS on Wednesday recommended that Campbell Soup Co investors elect all five of Read More

PG&E shares and bonds plunge as California wildfire risks mount

23 hours ago DieselGasoil Comments Off on PG&E shares and bonds plunge as California wildfire risks mount
(Reuters) – PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face “significant liability” in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. A car destroyed by the Camp Fire is seen in Paradise, California, Read More

PG&E's wildfire risks mount; shares and bonds plunge

1 day ago DieselGasoil Comments Off on PG&E's wildfire risks mount; shares and bonds plunge
(Reuters) – PG&E Corp, the electricity provider in the Northern California region being ravaged by the deadly Camp Fire, warned that it could face “significant liability” in excess of its insurance coverage in the event that its equipment is found to have caused the blaze. A car destroyed by the Camp Fire is seen in Read More