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European chipmakers see new growth drivers to weather volatile demand

44 mins ago DieselGasoil Comments Off on European chipmakers see new growth drivers to weather volatile demand
BARCELONA (Reuters) – European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers. Recent price falls due to weaker demand for memory chips and a build-up of inventory levels have led Read More

Europe 5G network buildout to trigger deals, won't bust capex budgets

45 mins ago DieselGasoil Comments Off on Europe 5G network buildout to trigger deals, won't bust capex budgets
BARCELONA (Reuters) – The launch of fifth-generation mobile services across Europe looks set to trigger a wave of infrastructure deals as telecoms companies seek ways to upgrade their networks without busting their strained capital budgets. People speak before the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. Picture taken June 4, Read More

Say Hello To The Affects Of the Trade War

2 hours ago DieselGasoil Comments Off on Say Hello To The Affects Of the Trade War
In past posts, I have stated that the pundits expectations of a devastating trade war was overblown. For October, there were a record number of loaded sea container imports that passed through the Ports of Los Angeles and Long Beach. The graph below shows the significant growth of import containers in Read More

Saturn Oil & Gas Inc. Closes $4.0 Million Private Placement Co-Led by Canaccord Genuity and Gravitas Securities

5 hours ago DieselGasoil Comments Off on Saturn Oil & Gas Inc. Closes $4.0 Million Private Placement Co-Led by Canaccord Genuity and Gravitas Securities
SASKATOON, Saskatchewan, Nov. 16, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that it has completed the previously announced (see news release dated October 24, 2018) brokered private placement of common share units (the “Units”) and flow-through common shares (the “Flow-Through Shares”). Read More

Dollar, U.S. yields slide on Fed official rate talk

6 hours ago DieselGasoil Comments Off on Dollar, U.S. yields slide on Fed official rate talk
NEW YORK (Reuters) – The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties. Traders work on the floor of the New York Read More

S&P 500 buybacks set another quarterly record: S&P Dow Jones

7 hours ago DieselGasoil Comments Off on S&P 500 buybacks set another quarterly record: S&P Dow Jones
NEW YORK (Reuters) – S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. Even with more earnings reports to come for the third quarter, buybacks by S&P 500 Read More

S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq

7 hours ago DieselGasoil Comments Off on S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp (NVDA.O) dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming outlook Read More

TransGlobe Energy Corporation Announces Update to Significant Shareholder

8 hours ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces Update to Significant Shareholder
AIM & TSX: “TGL” & NASDAQ: “TGA” CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer)   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: TransGlobe Energy Read More

Forbes Energy Services Acquires Cretic Energy Services

8 hours ago DieselGasoil Comments Off on Forbes Energy Services Acquires Cretic Energy Services
ALICE, Texas, Nov. 16, 2018 (GLOBE NEWSWIRE) — Forbes Energy Services, Ltd. (OTCQX: FLSS) (“Forbes”), announced today that it has acquired Cretic Energy Services, LLC (“Cretic” or the “Company”) from Catapult Energy Services Group, LLC, an NGP and NGP Energy Technology Partners portfolio company.  Cretic, headquartered in Montgomery, Texas, provides large-diameter, extended-reach, coiled tubing services Read More

Oil edges up in volatile session but falls for sixth straight week

10 hours ago DieselGasoil Comments Off on Oil edges up in volatile session but falls for sixth straight week
NEW YORK (Reuters) – Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. FILE PHOTO: A worker checks the valve of an oil pipe at Read More