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Euro extends gains as Italian concerns take back seat

54 mins ago DieselGasoil Comments Off on Euro extends gains as Italian concerns take back seat
LONDON (Reuters) – The euro strengthened on Thursday as investors cautiously welcomed Britain’s draft Brexit deal with the European Union and concerns about the Italian budget stand-off eased. FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/Illustration Most currencies traded in tight ranges at the Read More

Parts of Australia's east to be wetter in next three months: weather bureau

4 hours ago DieselGasoil Comments Off on Parts of Australia's east to be wetter in next three months: weather bureau
WELLINGTON (Reuters) – Weather in parts of eastern Australia would be wetter than average in the coming months, but a large portion of the west would be drier than normal, the Bureau of Meteorology said in a report on Thursday. In its latest three-month weather outlook from December to February, the bureau said weather in Read More

Asia stocks lifted by China-U.S. trade hopes; oil resumes retreat

6 hours ago DieselGasoil Comments Off on Asia stocks lifted by China-U.S. trade hopes; oil resumes retreat
TOKYO (Reuters) – Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November Read More

Asia edges up as oil slide slows; pound, euro firm on Brexit optimism

8 hours ago DieselGasoil Comments Off on Asia edges up as oil slide slows; pound, euro firm on Brexit optimism
TOKYO (Reuters) – Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal. A man looks at an electronic stock quotation board outside a brokerage Read More

TransAtlantic Petroleum Announces Third Quarter 2018 Financial Results and Provides an Operations Update

11 hours ago DieselGasoil Comments Off on TransAtlantic Petroleum Announces Third Quarter 2018 Financial Results and Provides an Operations Update
HAMILTON, Bermuda, Nov. 14, 2018 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced its financial results for the quarter ended September 30, 2018 and provided an operations update. Additional information can be found on the Company’s website at http://www.transatlanticpetroleum.com. Summary For an update on the Company’s Read More

Is An Oil Supply Crunch Inevitable?

13 hours ago DieselGasoil Comments Off on Is An Oil Supply Crunch Inevitable?
Global oil demand will peak by 2040, according to a new report, although oil supply shortages could emerge before then. The International Energy Agency (IEA)  published  its highly-anticipated World Energy Outlook 2018 on Tuesday, one of the most important energy forecasting reports published each year. In this Read More

Esplanade's Kravetz bullish on casinos, Apple; sees turbulence for discount stores

14 hours ago DieselGasoil Comments Off on Esplanade's Kravetz bullish on casinos, Apple; sees turbulence for discount stores
NEW YORK (Reuters) – Strong U.S. consumer holiday spending will not boost retailers across the board but instead benefit winners like Apple Inc (AAPL.O) that have signature products, Esplanade Capital’s Shawn Kravetz said at the Reuters Global Investment 2019 Outlook Summit in New York on Wednesday. Shawn Kravetz, President and Chief Investment Officer of Esplanade Read More

Analysis: Oil analysts see price rebound after slump shakes market

17 hours ago DieselGasoil Comments Off on Analysis: Oil analysts see price rebound after slump shakes market
London — Senior oil analysts have shrugged off concerns about a prolonged slump in prices after Dated Brent crude briefly dipped below $65/b for the first time since March. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Since early October, the benchmark grade has slumped more than 20% in Read More

OPEC will cut output as required to stabilize market

19 hours ago DieselGasoil Comments Off on OPEC will cut output as required to stabilize market
By Mohammed Aly Sergie, Anthony DiPaola and Mahmoud Habboush on 11/14/2018 ABU DHABI (Bloomberg) — OPEC and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said Wednesday.  If OPEC+ needs to reduce output, it will do so, he Read More

Covia Announces Third Quarter 2018 Results

22 hours ago DieselGasoil Comments Off on Covia Announces Third Quarter 2018 Results
Volumes of 8.2 million tons, down 19% sequentially, and revenues of $523 million, down 27% sequentially, both on a pro forma basis Net loss of $289 million driven primarily by $295 million of pre-tax impairments, restructuring and merger-related charges Adjusted EBITDA of $84.1 million, down 53% sequentially on a pro forma basis due to lower Read More