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Oil hits 2-month high as China truce signals brighter outlook

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By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More

Take Five: World markets themes for the week ahead

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(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid SHOULD I STAY OR SHOULD I Read More

Schlumberger shares rise on lower 2019 capex, international outlook

2 days ago DieselGasoil Comments Off on Schlumberger shares rise on lower 2019 capex, international outlook
(Reuters) – Oilfield services provider Schlumberger NV (SLB.N) said on Friday it would spend less in 2019 and forecast single-digit growth in international markets this year, sending its shares as much as 5 percent higher. FILE PHOTO: The exterior of a Schlumberger Corp building is pictured in West Houston Jan. 16, 2015. Schlumberger, is the Read More

Netflix shares slip as weak forecast dampens investor optimism

2 days ago DieselGasoil Comments Off on Netflix shares slip as weak forecast dampens investor optimism
(Reuters) – Shares of Netflix Inc fell more than 2 percent on Friday, as several investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Read More

IEA sees oil demand growth defying economic slowdown

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By Grant Smith on 1/18/2019 LONDON (Bloomberg) — Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.  “We have seen prices fall very significantly since the peak at the beginning of October, and Read More

EIA forecasts renewables will be fastest growing source of electricity generation

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January 18, 2019 Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2019Note: Confidence interval derived from NYMEX options market information. EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. EIA’s January 2019 Short-Term Energy Outlook Read More

Shutdown clouds outlook for consumer-driven U.S. economic growth

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NEW YORK (Reuters) – After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. FILE PHOTO: A federal worker left unpaid or furloughed collects a free bag Read More

Denbury Announces Release Date for Fourth Quarter and Full-Year 2018 Results, 2019 Outlook, and Conference Call

2 days ago DieselGasoil Comments Off on Denbury Announces Release Date for Fourth Quarter and Full-Year 2018 Results, 2019 Outlook, and Conference Call
PLANO, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) will host a conference call to review and discuss fourth quarter and full-year 2018 financial and operating results on Wednesday, February 27, 2019 at 10:00 A.M. (Central).  Members of Penn Virginia management will be available to participate in Read More

Gloomy forecast for Davos: crises aplenty, but few world leaders

2 days ago DieselGasoil Comments Off on Gloomy forecast for Davos: crises aplenty, but few world leaders
MILAN (Reuters) – An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. World Economic Forum (WEF) President Borge Brende attends a news conference ahead of the Davos annual Read More