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Oil will skyrocket to $300 if OPEC-Russia alliance disbanded, Saudi institute claims

48 mins ago DieselGasoil Comments Off on Oil will skyrocket to $300 if OPEC-Russia alliance disbanded, Saudi institute claims
Without the Organization of the Petroleum Exporting Countries (OPEC) the world will lose its safety net that stabilizes the oil market from supply disruptions and other shocks, according to Saudi independent energy think tank. “Our analysis shows that back in 2011-2012, when Libya experienced supply disruptions, prices for crude could go far above $200 per Read More

UBS says Asia's wealthy trade less, cut debt as politics shift

5 hours ago DieselGasoil Comments Off on UBS says Asia's wealthy trade less, cut debt as politics shift
ZURICH (Reuters) – Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at UBS (UBSG.S), said. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. Picture taken on March 29, Read More

U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update

1 day ago DieselGasoil Comments Off on U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update
HOUSTON, Dec. 17, 2018 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) (“USWS” or the “company”) today announced an expansion of its borrowing capacity with the addition of a $75 million second lien delayed draw credit facility provided by Piper Jaffray Finance, LLC and an amendment to its existing first lien credit facility.  The Read More

Canadian regulator to fine Glencore-controlled miner over Congo – WSJ

1 day ago DieselGasoil Comments Off on Canadian regulator to fine Glencore-controlled miner over Congo – WSJ
(Reuters) – A Glencore-controlled (GLEN.L) mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. FILE PHOTO: The logo of commodities trader Read More

What would the end of OPEC mean?

3 days ago DieselGasoil Comments Off on What would the end of OPEC mean?
The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years – is now in deep crisis. The latest OPEC meeting in Vienna offered new insights into the cartel’s raging civil war that is tearing it apart and threatens Read More

Washington’s Africa Strategy: ‘Our investments – good & fair, Chinese and Russian – bad & predatory’

4 days ago DieselGasoil Comments Off on Washington’s Africa Strategy: ‘Our investments – good & fair, Chinese and Russian – bad & predatory’
When the US lends money to African nations or invests into the continent, everything is fair and beneficial to all sides, but when other nations do so, it is practically colonialism 2.0, Washington’s new Africa Strategy says. US President Donald Trump’s National Security Advisor, John Bolton blasted Beijing and Moscow for pursuing “predatory practices” in Africa which “stunt Read More

ECB ends crisis-fighting bond buys but eyes increasing risks

5 days ago DieselGasoil Comments Off on ECB ends crisis-fighting bond buys but eyes increasing risks
FRANKFURT (Reuters) – The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil. In a precarious balancing act, ECB President Mario Draghi signaled both confidence about growth and concern over Read More

Highlights: Draghi comments at ECB press conference

5 days ago DieselGasoil Comments Off on Highlights: Draghi comments at ECB press conference
FRANKFURT, Dec 13 (Reuters) – The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil. Following are highlights of ECB President Mario Draghi’s comments at a press conference after the bank’s Read More

Focus on Yellow Vests & ‘systemic’ security failures: What allowed Strasbourg gunman to escape?

6 days ago DieselGasoil Comments Off on Focus on Yellow Vests & ‘systemic’ security failures: What allowed Strasbourg gunman to escape?
The inaction of the French security services coupled with the fact that French police had squarely focused on the popular Yellow Vests protests allowed the Strasbourg attacker to commit his rampage and flee, analysts believe. The suspect, identified as Cherif Chekatt, 29, was repeatedly convicted not only in France but also in Germany and Switzerland Read More

Focus on protests & ‘systemic’ security failures: What allowed Strasbourg gunman to escape?

6 days ago DieselGasoil Comments Off on Focus on protests & ‘systemic’ security failures: What allowed Strasbourg gunman to escape?
Inaction of the French security services coupled with the fact that police had squarely focused on the popular Yellow Vests protests allowed the Strasbourg attacker to commit his rampage and flee, analysts believe. The suspect, identified as Cherif Chekatt, 29, was repeatedly convicted not only in France but also in Germany and Switzerland over an Read More