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Canadian oil surge fails to lift producers out of the doldrums

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By Kevin Orland on 1/20/2019 Photo: Whitecap Resources. CALGARY (Bloomberg) — Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has Read More

Granite Oil Corp. Announces Closing of Final Tranche of Private Placement

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NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Jan. 18, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to announce that it has closed the second and final tranche of Read More

Freedom Oil and Gas has announced new leadership with industry veteran

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1/18/2019 HOUSTON — Freedom Oil & Gas Ltd has announced that effective Jan. 14, 2019, J. Russell Porter will be joining the company as president, CEO, and a member of the board of directors. J. Michael Yeager, Freedom’s chairman of the board, president and CEO will remain as non-executive chairman. Mr. Porter is an experienced Read More

Investors punish poorly performing hedge funds by pulling billions

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid BOSTON (Reuters) – Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Read More

A.J. Gallagher’s 'clean coal' business draws ire of green investors

3 days ago DieselGasoil Comments Off on A.J. Gallagher’s 'clean coal' business draws ire of green investors
BOSTON (Reuters) – Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”. FILE PHOTO: A view of Duke Energyís Marshall Power Plant in Sherrills Ford, North Carolina, U.S., November 29, 2018. REUTERS/Chris Keane/File Read More

Child drag queen poses next to almost-naked adult counterpart, but mother says boy not sexualized

3 days ago DieselGasoil Comments Off on Child drag queen poses next to almost-naked adult counterpart, but mother says boy not sexualized
A photo showing a 10-year-old Canadian drag queen posing next to a half-naked adult performer sparked outrage online. But the boy’s mother thinks it’s all OK and the child is not overtly sexualized. The world of drag queens – male performers taking on exaggeratedly female personas and taking to the stage – may seem like Read More

A.J. Gallagher's 'clean coal' business draws ire of green investors

3 days ago DieselGasoil Comments Off on A.J. Gallagher's 'clean coal' business draws ire of green investors
BOSTON (Reuters) – Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business in “clean coal”. FILE PHOTO: A view of Duke Energyís Marshall Power Plant in Sherrills Ford, North Carolina, U.S., November 29, 2018. REUTERS/Chris Keane/File Read More

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

3 days ago DieselGasoil Comments Off on JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record
Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis. It’s a 5.1 percent increase from 2017 as the bank raked in a record profit last year. Dimon’s Read More

Stocks buoyed by trade hopes, set for best weekly winning streak in half a year

3 days ago DieselGasoil Comments Off on Stocks buoyed by trade hopes, set for best weekly winning streak in half a year
LONDON (Reuters) – Global stocks rose to their highest in more than a month on Friday after a report suggested progress towards resolving the trade dispute between the United States and China. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage Read More

After billion-barrel bonanza, BP goes global with seismic tech

3 days ago DieselGasoil Comments Off on After billion-barrel bonanza, BP goes global with seismic tech
LONDON (Reuters) – Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. BP’s Wolfspar seismic source device is pictured at Mad Dog oil field in the deepwater Gulf of Mexico, January 19, Read More