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Wall Street shrugs off weak start to hold at one-month high

4 days ago DieselGasoil Comments Off on Wall Street shrugs off weak start to hold at one-month high
(Reuters) – Wall Street’s main indexes fought back from a weak start to hover near one-month highs on Thursday, as gains in healthcare and consumer discretionary stocks offset losses in the energy and financial sectors. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan Read More

Nissan expands Ghosn probe to more countries, executive Munoz under scrutiny: sources

1 week ago DieselGasoil Comments Off on Nissan expands Ghosn probe to more countries, executive Munoz under scrutiny: sources
BEIJING (Reuters) – Nissan Motor Co Ltd (7201.T) has broadened its investigation into ousted chairman Carlos Ghosn to include dealings that took place in the United States, India and Latin America, three people with knowledge of the inquiry said. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on Read More

U.S.-China trade hopes lift world stocks, oil soars

2 weeks ago DieselGasoil Comments Off on U.S.-China trade hopes lift world stocks, oil soars
LONDON (Reuters) – World stocks extended their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war. FILE PHOTO: The London Stock Exchange Group offices are seen in the City Read More

Saudi Arabia optimistically estimates 2019 at $80/bbl and 10.2 MMbopd

1 month ago DieselGasoil Comments Off on Saudi Arabia optimistically estimates 2019 at $80/bbl and 10.2 MMbopd
By Mohammed Aly Sergie on 12/18/2018 DUBAI (Bloomberg) — Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the kingdom’s history of making conservative financial assumptions. The world’s biggest crude exporter is estimating that oil will average about $80/bbl in 2019 Read More

Saudi Arabia makes rare, bullish call on oil in its 2019 budget

1 month ago DieselGasoil Comments Off on Saudi Arabia makes rare, bullish call on oil in its 2019 budget
By Mohammed Aly Sergie on 12/18/2018 DUBAI (Bloomberg) — Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the kingdom’s history of making conservative financial assumptions. The world’s biggest crude exporter is estimating that oil will average about $80/bbl in 2019 Read More

U.S. consumer prices flat; underlying inflation firm

1 month ago DieselGasoil Comments Off on U.S. consumer prices flat; underlying inflation firm
WASHINGTON (Reuters) – U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs. A man in short sleeves carries shopping bags near Herald Square during unseasonably warm weather in the Manhattan borough of New York Read More

Conoco sees U.S. shale growth at 25% in 2019, even as oil slides

1 month ago DieselGasoil Comments Off on Conoco sees U.S. shale growth at 25% in 2019, even as oil slides
By Kevin Crowley and Alix Steel on 12/10/2018 HOUSTON AND NEW YORK (Bloomberg) — ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance. In the U.S., Conoco wells in the Eagle Ford Shale, Permian Read More

Lasers & space weapons? How US might try to counter invincible Russian & Chinese hypersonic missiles

2 months ago DieselGasoil Comments Off on Lasers & space weapons? How US might try to counter invincible Russian & Chinese hypersonic missiles
The testing of hypersonic weapons this year by Moscow and Beijing sent US military bigwigs into panic mode, as they found their missile defenses to be porous. RT looks at what –if anything– the US hopes can respond to those arms. The American missile defense system, strategically placed all around the globe, has been the Read More