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Initial Claims Increase More Than Expected

4 hours ago DieselGasoil Comments Off on Initial Claims Increase More Than Expected
New February results on 160 Import and Export Prices 160 have hit the tape this morning with both headline numbers hotter than expected Imports reached 0 6 from the 0 4 estimated and Exports also hit 0 6 from 0 1 anticipated These numbers depict energy driven growth as we Read More

Price Indexes Say A Recession Is Not Close

5 hours ago DieselGasoil Comments Off on Price Indexes Say A Recession Is Not Close
This week we saw (finally) the price indices for February 2019 consumer prices, producer prices, and import prices. All showed low inflation, and generally downward trends. What is interesting is that historically recessions have not occurred when the rate of inflation slows (or is low). Recessions Read More

Brexit crisis tipped for British asparagus as EU seasonal workers stay away

17 hours ago DieselGasoil Comments Off on Brexit crisis tipped for British asparagus as EU seasonal workers stay away
ROSS-ON-WYE, England (Reuters) – For almost 100 years, Chris Chinn’s family has farmed asparagus in the rolling hills of the Wye Valley in western England. Asparagus ready for picking is seen in a growing tunnel at Cobrey Farm in Ross-on-Wye, Britain, March 11, 2019. Picture taken March 11, 2019. REUTERS/Peter Nicholls This year, he fears Read More

Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices – sources

2 days ago DieselGasoil Comments Off on Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices – sources
NEW DELHI (Reuters) – India’s antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of Read More

Global recycling crisis shows West can’t use poorer countries as dumping grounds

2 days ago DieselGasoil Comments Off on Global recycling crisis shows West can’t use poorer countries as dumping grounds
India has followed China’s lead and banned imports of solid plastic waste from in an effort to tackle its own environmental crisis — but the move has added to an ever-growing global recycling and plastics crisis. One year ago, the Chinese government implemented its ‘National Sword’ policy, which put a stop to the massive flow Read More

BMW, Mercedes-Benz lower prices in China after VAT drop

3 days ago DieselGasoil Comments Off on BMW, Mercedes-Benz lower prices in China after VAT drop
FILE PHOTO: BMW cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China January 9, 2019. Picture taken January 9, 2019. REUTERS/Stringer SHANGHAI (Reuters) – BMW AG (BMWG.DE) and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added Read More

Egypt returns to LNG exports club seeking to sell cargoes

3 days ago DieselGasoil Comments Off on Egypt returns to LNG exports club seeking to sell cargoes
By Stephen Stapczynski, Anna Shiryaevskaya and Salma El Wardany on 3/15/2019 SINGAPORE and LONDON (Bloomberg) — Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years. The state gas company EGAS tendered to sell four cargoes of Read More

U.S. oil waivers that rocked market in 2018 coming back to focus

3 days ago DieselGasoil Comments Off on U.S. oil waivers that rocked market in 2018 coming back to focus
By Bloomberg News on 3/15/2019 SINGAPORE and BEIJING (Bloomberg) — Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year. Before existing exemptions were granted in early November, Saudi Arabia was pumping at Read More

Trump-Xi summit will not happen in March: Mnuchin

4 days ago DieselGasoil Comments Off on Trump-Xi summit will not happen in March: Mnuchin
WASHINGTON (Reuters) – A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in U.S.-China negotiations, Treasury Secretary Steven Mnuchin said on Thursday. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies at Read More