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U.S. bankers seize on repo-market stress to push for softer liquidity rules

14 hours ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More

Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon

19 hours ago DieselGasoil Comments Off on Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative Read More

Greenpeace members face federal, state charges in Houston protest

6 days ago DieselGasoil Comments Off on Greenpeace members face federal, state charges in Houston protest
HOUSTON (Reuters) – Federal and state authorities on Friday criminally charged climate change protesters for shutting down the largest U.S. energy-export port for a day by dangling from a bridge. FILE PHOTO: Greenpeace USA climbers form a blockade on the Fred Hartman Bridge, shutting down the Houston Ship Channel, the largest fossil fuel thoroughfare in Read More

PG&E settles wildfire claims with insurers for $11 billion

6 days ago DieselGasoil Comments Off on PG&E settles wildfire claims with insurers for $11 billion
(Reuters) – PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California. FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo Read More

EU considers energy taxes to counter climate change

6 days ago DieselGasoil Comments Off on EU considers energy taxes to counter climate change
HELSINKI (Reuters) – The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for “drastic steps” to reduce carbon emissions. FILE PHOTO: French Finance Minister Bruno Le Maire delivers a speech at the MEDEF union summer forum renamed La Read More

PG&E reaches $11 billion settlement relating to wildfire claims

6 days ago DieselGasoil Comments Off on PG&E reaches $11 billion settlement relating to wildfire claims
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – California power producer PG&E Corp said on Friday it has reached an $11 billion settlement with entities representing about 85% of insurance subrogation claims relating to 2017 Read More

Occidental CEO calls for new U.S. laws to boost carbon capture

7 days ago DieselGasoil Comments Off on Occidental CEO calls for new U.S. laws to boost carbon capture
CHICAGO (Reuters) – Occidental Petroleum Corp (OXY.N) plans to shift toward a carbon-neutral production model, it chief executive said on Thursday, but new U.S. laws are needed to support technologies designed to fight global warming. FILE PHOTO: Vicki Hollub, President and CEO of Occidental Petroleum, speaks at the 2019 Milken Institute Global Conference in Beverly Read More

ION announces new 2D multi-client program offshore West Africa

1 week ago DieselGasoil Comments Off on ION announces new 2D multi-client program offshore West Africa
9/12/2019 HOUSTON – ION Geophysical announced a new 2D multi-client program offshore West Africa. The industry-supported NamibeSPAN program covers the underexplored Namibe basin offshore southern Angola. The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast. The program is the Read More

‘Netanyahu goes to Putin to show Israeli voters: ‘I’m an important world leader’

1 week ago DieselGasoil Comments Off on ‘Netanyahu goes to Putin to show Israeli voters: ‘I’m an important world leader’
Vladimir Putin’s upcoming talks with Benjamin Netanyahu in Sochi are more important for the Israeli PM’s fight for re-election, but comparing notes with a key Middle Eastern player is also good for Russia, experts have told RT. When Netanyahu lands on Russia’s Black Sea coast on Thursday, he’ll do so with mostly domestic politics on Read More