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Nissan to lay off 700 contract workers in Mississippi

3 days ago DieselGasoil Comments Off on Nissan to lay off 700 contract workers in Mississippi
The Nissan logo is displayed at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan Mcdermid (Reuters) – Nissan Motor Co Ltd’s (7201.T) U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Read More

EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020

4 days ago DieselGasoil Comments Off on EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020
January 16, 2019 EIA’s January Short-Term Energy Outlook forecasts that world benchmark Brent crude oil will average $61 per barrel (b) in 2019 and $65/b in 2020, an increase from the end of 2018, but overall it will remain lower than the 2018 average of $71/b. U.S. benchmark West Texas Intermediate (WTI) crude oil prices Read More

Oil steady on supply optimism but economic worries loom

5 days ago DieselGasoil Comments Off on Oil steady on supply optimism but economic worries loom
LONDON (Reuters) – Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that OPEC-led production cuts will tighten supply and that possible Chinese stimulus might help the global economy. FILE PHOTO: A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Brent Read More

Oil firm as supply cuts point to tighter market despite weakening economy

5 days ago DieselGasoil Comments Off on Oil firm as supply cuts point to tighter market despite weakening economy
SINGAPORE (Reuters) – Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown. FILE PHOTO: A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Brent crude oil futures Read More

Matra Petroleum AB: 2018 reserves and operations update

5 days ago DieselGasoil Comments Off on Matra Petroleum AB: 2018 reserves and operations update
The net present value (PV10) of Matra Petroleum’s proved net oil and gas reserves as per 31 December 2018 increased by 75% to 265 million USD (151 million USD*). Proved oil and gas reserves were estimated at 22,758 (20,964*) thousand barrels of oil equivalent (“MBOE”). The increase in value and reserves resulted from successful drilling, Read More

Nordstrom's full-price comparable sales for holiday season disappoints

5 days ago DieselGasoil Comments Off on Nordstrom's full-price comparable sales for holiday season disappoints
FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking (Reuters) – Nordstrom Inc (JWN.N) said on Tuesday comparable store sales at its full-price department stores rose only 0.3 percent during the crucial months of November and December, blaming lower traffic. The department store operator said year-to-date sales at full-price Read More

Shoe retailer Payless to explore options, including sale: sources

5 days ago DieselGasoil Comments Off on Shoe retailer Payless to explore options, including sale: sources
FILE PHOTO: A Payless ShoeSource store logo is pictured in the Manhattan borough of New York, New York, U.S. April 4, 2017. REUTERS/Carlo Allegri/File Photo (Reuters) – U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from Read More

China car sales hit reverse for first time since 1990s

7 days ago DieselGasoil Comments Off on China car sales hit reverse for first time since 1990s
BEIJING/SHANGHAI (Reuters) – Car makers in China will face more fierce competition this year, after a tough 2018 when the world’s biggest auto market contracted for the first time in more than two decades, the country’s top auto industry association said on Monday. FILE PHOTO: Newly manufactured cars are seen at the automobile terminal in Read More

Automakers in China brace for another bumpy ride after tough 2018

7 days ago DieselGasoil Comments Off on Automakers in China brace for another bumpy ride after tough 2018
BEIJING (Reuters) – Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in about two decades, as slowing economic growth drags on demand. FILE PHOTO: Newly manufactured cars are seen at the automobile Read More