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Oil prices fall 1 percent amid supply glut worries

55 mins ago DieselGasoil Comments Off on Oil prices fall 1 percent amid supply glut worries
SINGAPORE (Reuters) – Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Read More

Top U.S. fund managers prepare for bear market in small company stocks

9 hours ago DieselGasoil Comments Off on Top U.S. fund managers prepare for bear market in small company stocks
NEW YORK (Reuters) – The shares of small companies in the U.S. haven’t technically fallen into a bear market yet, but several top-performing fund managers are acting as if it is inevitable. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., December Read More

Oil gains near $52 as U.S. drillers cut rigs

13 hours ago DieselGasoil Comments Off on Oil gains near $52 as U.S. drillers cut rigs
By Rakteem Katakey on 12/17/2018 LONDON (Bloomberg) — Oil rose to near $52/bbl as the dollar fell and U.S. drillers cut rigs to the lowest in eight weeks.  Futures in New York gained as much as 1.3%. The number of oil rigs in America fell to by four to 873 last week and the U.S Read More

Kuwait oil minister's resignation has been accepted

14 hours ago DieselGasoil Comments Off on Kuwait oil minister's resignation has been accepted
By Fiona MacDonald on 12/17/2018 KUWAIT (Bloomberg) — Kuwaiti Oil Minister Bakheet Al-Rashidi’s resignation has been accepted, according to a person familiar with the situation, who asked not to be identified because the news hasn’t been officially announced.  Al-Rashidi, who had been oil minister since last December, submitted his resignation earlier this month, after lawmakers Read More

Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever

15 hours ago DieselGasoil Comments Off on Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever
LONDON (Reuters) – The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won’t be long before rate cuts are on the table. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. Read More

Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow

15 hours ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (NYSE MKT:GTE) (TSX:GTE) (LSE:GTE), is pleased to announce an operational update and its 2019 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest Read More

Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

15 hours ago DieselGasoil Comments Off on Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe
KUALA LUMPUR (Reuters) – Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB. FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in Read More

Your Money: Who's a good fund? You’re a good fund!

16 hours ago DieselGasoil Comments Off on Your Money: Who's a good fund? You’re a good fund!
NEW YORK (Reuters) – If you want a friend, get a dog. If you want to make money, invest in people who want to get dogs. You can do this now because investment funds focusing on furry friends are starting to hit the market: One an exchange-traded Pet Care fund from ProShares (ticker PAWZ, of Read More

Malaysia files criminal charges against Goldman Sachs in 1MDB probe

20 hours ago DieselGasoil Comments Off on Malaysia files criminal charges against Goldman Sachs in 1MDB probe
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York, U.S. on July 16, 2013. REUTERS/Brendan McDermid/File Photo KUALA LUMPUR (Reuters) – Malaysia said on Monday it has filed criminal charges against Goldman Sachs (GS.N) and two of the U.S. bank’s former employees in Read More