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Lower rates could boost housing stocks, but risks remain

3 days ago DieselGasoil Comments Off on Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index .HGX is up about 30% Read More

Wall Street drops as Trump comments fan trade worries

2 weeks ago DieselGasoil Comments Off on Wall Street drops as Trump comments fan trade worries
(Reuters) – Wall Street’s main indexes slipped on Friday after President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, exacerbating fears that the stand-off would aggravate the global economic slowdown. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Wall Street surges after upbeat economic data

2 weeks ago DieselGasoil Comments Off on Wall Street surges after upbeat economic data
(Reuters) – Wall Street’s main indexes were sharply higher on Thursday as better-than-expected domestic and Chinese data as well as a firming yuan offered some relief to investors alarmed by a week of blow and counterblow between Beijing and Washington over trade. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

China data, steadying yuan lift futures

2 weeks ago DieselGasoil Comments Off on China data, steadying yuan lift futures
(Reuters) – U.S. stock index futures inched higher on Thursday as better-than-expected Chinese trade data and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Delphi Energy Corp. Reports Second Quarter 2019 Results

2 weeks ago DieselGasoil Comments Off on Delphi Energy Corp. Reports Second Quarter 2019 Results
CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended June 30, 2019 and to provide an operations update. SECOND QUARTER 2019 HIGHLIGHTS Successfully concluded completion and tie-in operations on the 13-34-059-24W5 four-well pad (2.6 net) which Read More

Hedge fund investor Tarrant, who bet with Warren Buffett, dies

2 weeks ago DieselGasoil Comments Off on Hedge fund investor Tarrant, who bet with Warren Buffett, dies
BOSTON (Reuters) – Investor Jeffrey Tarrant, whose firm Protege Partners backed billionaire managers including William Ackman and Marc Lasry early in their careers and made a bet with Warren Buffett that hedge funds would outperform a passive index fund, has died at age 63. Tarrant died on Aug. 5 at his home in Bridgehampton, New Read More

Cobalt, Africa setbacks shrink Glencore’s first-half profit

2 weeks ago DieselGasoil Comments Off on Cobalt, Africa setbacks shrink Glencore’s first-half profit
LONDON (Reuters) – Glencore (GLEN.L) reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016, and said it would suspend output at the world’s biggest cobalt mine because of a steep fall in prices. FILE PHOTO: The logo of commodities trader Glencore is pictured in front Read More

Asset managers farm out trading as costs and complexity climb

2 weeks ago DieselGasoil Comments Off on Asset managers farm out trading as costs and complexity climb
LONDON (Reuters) – It’s 10 o’clock at night, and Benjamin Arnold’s day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah. FILE PHOTO: A television screen reporting financial news is seen whilst traders work at Northern Read More

Report for the six months ended 30 June 2019

3 weeks ago DieselGasoil Comments Off on Report for the six months ended 30 June 2019
  Production above mid-point guidance for the first half of the year at 77.5 Mboepd and Q2 at 76.1 Mboepd Continued strong financial performance Out performance of Edvard Grieg has extended plateau production from previously guided mid-2020 and when coupled with the tie-back projects will take plateau to end of 2022 Johan Sverdrup commissioning progressing Read More

BP profit again outstrips forecasts, lifted by higher oil output

3 weeks ago DieselGasoil Comments Off on BP profit again outstrips forecasts, lifted by higher oil output
LONDON (Reuters) – A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares. FILE PHOTO – Spectators are seen reflected in a British Petroleum sponsors building in Olympic Park at the London 2012 Paralympic Games September 6, Read More