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China's December property investment slows in sign of fatigue for key GDP driver

6 mins ago DieselGasoil Comments Off on China's December property investment slows in sign of fatigue for key GDP driver
BEIJING (Reuters) – growth in property investment in China cooled to the second slowest pace in 2018 in December, adding to signs of a further slackening in the real estate market in a blow to a key driver economic growth. An uncompleted building is seen next to the Fourth Ring Road in Beijing, China July Read More

China's economy cools in the fourth quarter, 2018 growth hits 28-year low

6 mins ago DieselGasoil Comments Off on China's economy cools in the fourth quarter, 2018 growth hits 28-year low
BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s central business Read More

Oil firms as China's slowdown not as steep as some expected

6 mins ago DieselGasoil Comments Off on Oil firms as China's slowdown not as steep as some expected
SINGAPORE (Reuters) – Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Read More

International worries as China's consumption and economy slows

29 mins ago DieselGasoil Comments Off on International worries as China's consumption and economy slows
Picture China’s economy and you might be thinking of massive factories, gigantic airports or train stations built from scratch in 24 hours. For another view, you could follow Xu Liqiang as he threads the streets of Beijing in a beaten-up tuk-tuk (motorised rickshaw). Xu is 21 years old and a “kuaidi” (express delivery) driver. Each Read More

Oil dips as China's economy slows but OPEC-led cuts support

1 hour ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

1 hour ago DieselGasoil Comments Off on API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data
1/20/2019 Photo: BP Gulf of Mexico. WASHINGTON — Estimated total natural gas and oil well completions rose 23% in the fourth quarter of 2018 compared to year-ago levels, according to API’s 2018 Quarterly Well Completion Report, Fourth Quarter. “The data for the fourth quarter report confirm the rise in natural gas and oil well completions Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

2 hours ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

How OPEC is helping U.S. oil reach a tipping point

3 hours ago DieselGasoil Comments Off on How OPEC is helping U.S. oil reach a tipping point
By Julian Lee on 1/20/2019 Photo: OPEC building. NEW YORK (Bloomberg Opinion) — The U.S. Energy Information Administration has published its first detailed monthly oil forecast for 2020 and it shows something that should strike fear into the hearts of OPEC ministers — from the fourth quarter, America will export more oil than it imports. Read More

Oil gloom turns to boom as China, Fed allay worst fears

3 hours ago DieselGasoil Comments Off on Oil gloom turns to boom as China, Fed allay worst fears
By Carlos Caminada and Alex Nussbaum on 1/20/2019 Photo: Federal Reserve Bank of New York CALGARY and NEW YORK (Bloomberg) — Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate. Hedge funds boosted their net wagers on rising Read More

ProSieben sees pressure easing as Netflix raises prices

12 hours ago DieselGasoil Comments Off on ProSieben sees pressure easing as Netflix raises prices
MUNICH (Reuters) – ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said. FILE PHOTO – The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. Read More