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US oil executives see slowing output as investment declines: Dallas Fed

10 mins ago DieselGasoil Comments Off on US oil executives see slowing output as investment declines: Dallas Fed
Washington — Oil and gas production increased in secondq-quarter 2019 throughout Texas, the 11th consecutive quarter of growth, but that growth is beginning to slow and a lack of investment could accelerate an output fall, the Federal Reserve Bank of Dallas said in its quarterly survey of oil and gas firms Wednesday. Not registered? Receive Read More

Analysis: Prospect of return to rate cuts puts oil prices under fresh pressure

10 mins ago DieselGasoil Comments Off on Analysis: Prospect of return to rate cuts puts oil prices under fresh pressure
Highlights US Fed leaves door open to new stimulus cycle China, India oil demand to benefit from rate cuts OPEC cuts, supply risk, IMO 2020 also supportive London — The growing prospects of the first cut in US interest rates in a decade is expected to put further pressure on oil prices over the coming Read More

Boeing looms large over struggling U.S. manufacturing sector

1 hour ago DieselGasoil Comments Off on Boeing looms large over struggling U.S. manufacturing sector
WASHINGTON (Reuters) – New orders for long-lasting U.S.-made goods fell for a second straight month in May as troubles at Boeing weighed on demand for aircraft, suggesting manufacturing could remain weak even as business spending on equipment appears to stabilize. FILE PHOTO – A Boeing worker is pictured in the wing system installation area at Read More

U.S. funds look for ‘crazy cheap’ stocks as indexes hit record highs

2 hours ago DieselGasoil Comments Off on U.S. funds look for ‘crazy cheap’ stocks as indexes hit record highs
NEW YORK (Reuters) – Record highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek out unloved stocks in hopes of further gains. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Kenya environmental tribunal suspends coal plant license, allows fresh study

2 hours ago DieselGasoil Comments Off on Kenya environmental tribunal suspends coal plant license, allows fresh study
NAIROBI (Reuters) – A Kenyan environmental tribunal delayed a license for a planned coal power plant in the coastal Lamu region on Wednesday, saying the builders must submit a fresh environmental study because they had failed to consult residents. Construction of the plant on the Kenyan mainland opposite the tourist island of Lamu was scheduled Read More

Bitcoin v gold: Peter Schiff tells Boom Bust which is the real safe haven at time of turmoil

4 hours ago DieselGasoil Comments Off on Bitcoin v gold: Peter Schiff tells Boom Bust which is the real safe haven at time of turmoil
The precious metal gold has seen a major spike this week, with prices riding six-year highs above $1,400 per ounce due to the US-China standoff and instability in the Persian Gulf. At the same time, the world’s most popular cryptocurrency has had a huge rally this year. Bitcoin has soared from below $4,000 in January Read More

EU court orders countries take hard line on air quality

6 hours ago DieselGasoil Comments Off on EU court orders countries take hard line on air quality
BRUSSELS (Reuters) – The European Union’s top court ruled on Wednesday that cities needed to act if pollution levels were exceeded in a single black spot rather than based on an average across a region, taking a hard line in a case brought by Brussels residents. FILE PHOTO: An European Union flag flutters above the Read More

Americans demand climate action (as long as it doesn’t cost much): Reuters poll

7 hours ago DieselGasoil Comments Off on Americans demand climate action (as long as it doesn’t cost much): Reuters poll
WASHINGTON (Reuters) – Nearly 70 percent of Americans, including a majority of Republicans, want the United States to take “aggressive” action to combat climate change – but only a third would support an extra tax of $100 a year to help, according to a Reuters/Ipsos poll released Wednesday. FILE PHOTO: Students hold banners and placards Read More

The golden asteroid that could make everyone on Earth a billionaire

9 hours ago DieselGasoil Comments Off on The golden asteroid that could make everyone on Earth a billionaire
Whether it was the Big Bang, Midas or God himself, we don’t really need to unlock the mystery of the origins of gold when we’ve already identified an asteroid worth $700 quintillion in precious heavy metals. If anything launches this metals mining space race, it will be this asteroid–Psyche 16, taking up residence between Mars Read More

Iraq won’t let US strike Iran from its territory

14 hours ago DieselGasoil Comments Off on Iraq won’t let US strike Iran from its territory
Baghdad will not allow Washington to use its military bases to launch an attack on Iran, the country’s president stressed, thrashing Donald Trump’s warmongering policies towards the Islamic Republic. “We do not want our territory to be a staging post for any hostile action against any of our neighbors, including Iran,” Iraq’s President Barham Salih Read More