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Guggenheim’s Scott Minerd warns world bond markets are in a ‘bubble’

6 hours ago DieselGasoil Comments Off on Guggenheim’s Scott Minerd warns world bond markets are in a ‘bubble’
(Reuters) – The bond market is in a “bubble,” particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ultimately prove futile. FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Read More

Shell offers to buy Australian power retailer ERM for $417.2 mil

13 hours ago DieselGasoil Comments Off on Shell offers to buy Australian power retailer ERM for $417.2 mil
Highlights Set low-emission vehicle targets for public sector Push oil alternatives like hydrogen, LNG, power Governments must apply rules by August 2, 2021 Singapore — Shell Energy Australia, a subsidiary of oil major Royal Dutch Shell, Thursday said it made an offer to purchase all the shares of Australian electricity retailer ERM Power for A$617 Read More

Eavor Technologies drives innovative geothermal system towards commerciality providing new opportunity for Alberta’s energy services sector.

14 hours ago DieselGasoil Comments Off on Eavor Technologies drives innovative geothermal system towards commerciality providing new opportunity for Alberta’s energy services sector.
Calgary, Alberta, Aug. 22, 2019 (GLOBE NEWSWIRE) — Eavor Technologies Inc. has developed an innovative “made in Alberta” geothermal energy solution. In a demonstration project near Rocky Mountain House, the Eavor-Lite™ project uses existing Alberta oil and gas drilling technology and expertise to facilitate a revolutionary and unique energy system known as “Eavor-Loop™”.   Building Read More

Infrastructure and Energy Alternatives, Inc. Announces Wind Construction Project Award in Illinois

15 hours ago DieselGasoil Comments Off on Infrastructure and Energy Alternatives, Inc. Announces Wind Construction Project Award in Illinois
INDIANAPOLIS, Aug. 22, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced a new wind energy project award. The award is for construction of the Sugar Creek Wind Farm, a 202 megawatt project located in Read More

Stocks edge down as investors crave clarity on Fed stance

16 hours ago DieselGasoil Comments Off on Stocks edge down as investors crave clarity on Fed stance
LONDON (Reuters) – Share markets slipped on Thursday as uncertainty over the outlook for U.S. interest rate cuts left investors on edge, with the release of minutes from the Federal Reserve’s last policy meeting exposing rifts over its recent easing. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

Bernie Sanders proposes $16.3 trillion Green New Deal plan

16 hours ago DieselGasoil Comments Off on Bernie Sanders proposes $16.3 trillion Green New Deal plan
WASHINGTON, August 22 (Reuters) – Presidential hopeful Bernie Sanders unveiled a climate change strategy on Thursday that would mobilize $16.3 trillion to help the U.S. generate 100% of its electricity from renewable energy by 2030 and achieve “full decarbonization” by 2050. FILE PHOTO: 2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during Read More

Storm over Victoria Harbour: Is Hong Kong’s economic future really as grim as Western media thinks?

18 hours ago DieselGasoil Comments Off on Storm over Victoria Harbour: Is Hong Kong’s economic future really as grim as Western media thinks?
Hong Kong is in for some big trouble. At least, that’s what the Western media has been saying, offering endless predictions of a coming economic crisis in the city wracked by massive protests. But is its future really so dismal? If one were to Google “Hong Kong” only a year ago, the search engine would Read More

North Energy ASA – Results for the second quarter and first half year 2019

22 hours ago DieselGasoil Comments Off on North Energy ASA – Results for the second quarter and first half year 2019
Oslo, 22 August 2019 North Energy ASA (“North Energy” or “Company”) recorded a comprehensive loss of NOK 8.4 million in the second quarter of 2019, compared with a comprehensive income of NOK 18.3 million in the same quarter last year. The result reported for this quarter is mainly driven by revenues of NOK 0.9 million, Read More

India’s former finance minister arrested on corruption charges in overnight raid

24 hours ago DieselGasoil Comments Off on India’s former finance minister arrested on corruption charges in overnight raid
Indian special forces have raided the house of former finance minister Palaniappan Chidambaram to arrest him on charges of corruption and money laundering. Shortly after Chidambaram returned home from a press conference at Congress Party headquarters, a Central Bureau of Investigation (CBI) team scaled the wall of his Jor Bagh residence in New Delhi to Read More