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US sees stable oil market with output at current levels: deputy energy secretary

2 days ago DieselGasoil Comments Off on US sees stable oil market with output at current levels: deputy energy secretary
Karuizawa, Japan — The muted price reaction to Thursday’s oil tanker attacks near the Strait of Hormuz shows that the oil market is stable as long as production continues at current levels, US Deputy Secretary Dan Brouillette said Saturday on the sidelines of the G20 energy meetings in Japan. Not registered? Receive daily email alerts, Read More

Assange will never see fair trial amid ‘industrial-grade demonization campaign’ – Max Blumenthal

3 days ago DieselGasoil Comments Off on Assange will never see fair trial amid ‘industrial-grade demonization campaign’ – Max Blumenthal
The persecution of Julian Assange, aided and abetted by the silence of the US media, is a “warning shot” to journalists who are openly critical of the US national security state, journalist Max Blumenthal tells RT. “I see no hope for him receiving a fair trial in a US court,” Blumenthal says, pointing out that Read More

Take Five: The Fed and the rest

3 days ago DieselGasoil Comments Off on Take Five: The Fed and the rest
(Reuters) – 1/THE FIRST CUT… Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermid With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became Read More

Middle East tanker attacks send ship insurance soaring

3 days ago DieselGasoil Comments Off on Middle East tanker attacks send ship insurance soaring
Highlights Rates demanded up to 20 times higher Underwriters reluctant to offer coverage Muted impact on freight rates London — The recent spike in attacks on tankers near the Persian Gulf is inflating insurance premiums for ships transiting through the wider Middle East, increasing the cost of transporting oil from the region. Not registered? Receive Read More

Oil surges on Gulf tanker attacks; stocks rise on Fed rate cut expectations

4 days ago DieselGasoil Comments Off on Oil surges on Gulf tanker attacks; stocks rise on Fed rate cut expectations
NEW YORK (Reuters) – Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the U.S. Treasury yield curve steepened and stocks rose following economic data that was seen as strengthening the case for the Federal Reserve to cut interest rates this year. Wall Street’s major stock indexes climbed Read More

Wall Street climbs as oil jumps after Gulf tanker attacks

4 days ago DieselGasoil Comments Off on Wall Street climbs as oil jumps after Gulf tanker attacks
(Reuters) – U.S. stocks continued to gain on Thursday after two days of declines, as energy shares turned attractive after oil prices rose sharply on concerns of supply disruption following suspected attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Oil surges on Gulf tanker attacks, Treasury yields fall

4 days ago DieselGasoil Comments Off on Oil surges on Gulf tanker attacks, Treasury yields fall
NEW YORK (Reuters) – Oil futures jumped on Thursday after suspected attacks on two tankers off the coast of Iran, while U.S. Treasury yields edged lower as economic data seemed to strengthen the case for the Federal Reserve to cut interest rates this year. Wall Street’s major stock indexes climbed after falling for two days Read More

Wall St. higher as oil surges after tanker attacks in Gulf of Oman

4 days ago DieselGasoil Comments Off on Wall St. higher as oil surges after tanker attacks in Gulf of Oman
(Reuters) – U.S. stocks continued their climb on Thursday after two days of declines as energy shares gained on higher oil prices following suspected attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, 2019. REUTERS/Brendan Read More

U.S. weekly jobless claims rise; imported inflation weak

4 days ago DieselGasoil Comments Off on U.S. weekly jobless claims rise; imported inflation weak
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. FILE PHOTO: A job-seeker completes an application at a career job fair in Philadelphia, Pennsylvania, U.S. July 25, 2013. REUTERS/Mark Read More

Trade tensions push Wall St. lower, rate cut hopes limit losses

5 days ago DieselGasoil Comments Off on Trade tensions push Wall St. lower, rate cut hopes limit losses
(Reuters) – Wall Street’s main indexes dipped on Wednesday over worries of a prolonged U.S.-China trade war after Washington toughened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More