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Oil rises amid doubts about speed of Saudi recovery from attacks

2 days ago DieselGasoil Comments Off on Oil rises amid doubts about speed of Saudi recovery from attacks
By Grant Smith on 9/19/2019 LONDON (Bloomberg) – Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production. Futures gained 2.1% in New York after paring around half of Monday’s 15% surge over the past two days. The Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

3 days ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More

Extraction Oil & Gas, Inc. Announces the Appointment of Audrey Robertson to its Board of Directors

3 days ago DieselGasoil Comments Off on Extraction Oil & Gas, Inc. Announces the Appointment of Audrey Robertson to its Board of Directors
DENVER, Sept. 18, 2019 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction”) today announced that its Board of Directors has appointed Audrey Robertson to serve as an independent member of the Company’s Board. Ms. Robertson will serve as a member of the Audit Committee. The appointment is effective immediately and now brings Read More

Crude oil futures slip on Saudi reassurance, bearish US stock data

4 days ago DieselGasoil Comments Off on Crude oil futures slip on Saudi reassurance, bearish US stock data
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Wednesday following reassurances by Saudi Arabia that it would be able to resume production in two weeks and after the release of bearish US data on last week’s oil stocks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

U.S. value fund managers betting shift to value stocks won’t last

5 days ago DieselGasoil Comments Off on U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Read More

WeWork parent says IPO still on despite setbacks

5 days ago DieselGasoil Comments Off on WeWork parent says IPO still on despite setbacks
(Reuters) – WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the Read More

US, Canadian oil producers stress supply security after Saudi attack

5 days ago DieselGasoil Comments Off on US, Canadian oil producers stress supply security after Saudi attack
Washington — Permian Basin drillers watch for new export demand Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Price spike could lead Alberta to ease curtailment Trump brags about US net energy exports The North American upstream sector on Monday was cautiously watching the price impact of the weekend’s Read More

Fintech company Plaid discloses investments from Visa, Mastercard

5 days ago DieselGasoil Comments Off on Fintech company Plaid discloses investments from Visa, Mastercard
(Reuters) – Financial technology company Plaid Inc said on Monday that Visa Inc and Mastercard Inc were strategic investors in a $250 million round of Series C financing raised in December. The fintech startup, whose technology lets people connect their bank accounts to mobile apps like Venmo, did not disclose the size of Visa and Read More

Morgan Stanley retains billing as top adviser in activist fights: Refinitiv data

5 days ago DieselGasoil Comments Off on Morgan Stanley retains billing as top adviser in activist fights: Refinitiv data
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson BOSTON (Reuters) – Morgan Stanley (MS.N) ranked as the top financial adviser in activist campaigns during the first six months of 2019 while Goldman Sachs (GS.N) and Spotlight Advisors each added clients and tied for Read More

Natural gas may lose as oil surges, Goldman analysts say

5 days ago DieselGasoil Comments Off on Natural gas may lose as oil surges, Goldman analysts say
By Kevin Crowley on 9/16/2019 HOUSTON (Bloomberg) – U.S. natural gas may be the loser as surging oil prices prompt fracers to step up production from shale fields, according to Goldman Sachs. The knock-on effect of pumping more oil is additional gas flowing from wells as a byproduct in a market already saturated with the Read More