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From oil shocks to funding strains, Fed confronts new complexities

4 mins ago DieselGasoil Comments Off on From oil shocks to funding strains, Fed confronts new complexities
WASHINGTON (Reuters) – The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own. FILE PHOTO: U.S. Federal Reserve Read More

Facebook oversight board won’t have mandate to change policy

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WASHINGTON, D.C. (Reuters) – Facebook Inc will allow a new outside oversight board to make final decisions on whether individual pieces of content can be displayed on the social media site, but the group won’t be able to make policy changes, the company said on Tuesday. FILE PHOTO: Silhouettes of laptop users are seen next Read More

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

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FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% Read More

Investors turn heat on Big Oil ahead of U.N. climate summit

7 hours ago DieselGasoil Comments Off on Investors turn heat on Big Oil ahead of U.N. climate summit
LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change. FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Read More

Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions

8 hours ago DieselGasoil Comments Off on Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions
WASHINGTON/DUBAI (Reuters) – The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East. Three officials, speaking to Reuters on condition of anonymity, said the attacks involved both cruise missiles and Read More

Governor Kate Brown Holds Ceremony to Sign SB98 for Renewable Natural Gas

9 hours ago DieselGasoil Comments Off on Governor Kate Brown Holds Ceremony to Sign SB98 for Renewable Natural Gas
PORTLAND, Ore., Sept. 17, 2019 (GLOBE NEWSWIRE) — Today, Governor Kate Brown gathered with NW Natural and other supporters to ceremoniously sign another landmark bill for the State of Oregon: Senate Bill 98 allows utilities to acquire renewable natural gas on behalf of customers and is the first of its kind in the nation. Renewable Read More

Wall Street rises as oil fears recede, market awaits Fed

9 hours ago DieselGasoil Comments Off on Wall Street rises as oil fears recede, market awaits Fed
(Reuters) – Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Stocks Read More

‘Crazy’ for Polish PM to suggest Nord Stream 2 pipeline is a ‘threat’ to European energy security

10 hours ago DieselGasoil Comments Off on ‘Crazy’ for Polish PM to suggest Nord Stream 2 pipeline is a ‘threat’ to European energy security
It is “rubbish” for Polish PM Mateusz Morawiecki to claim that the Nord Stream 2 pipeline, which will deliver a supply of cheap gas from Russia to the EU, is a “threat” to European energy security, analyst John Laughland told RT. Morawiecki said at a press conference on Tuesday that the pipeline, currently under construction, Read More

DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’

10 hours ago DieselGasoil Comments Off on DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that the repo market squeeze makes it more likely that the Federal Reserve will resume expansion of its Read More