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PES up against the clock to sell Philadelphia refinery in cash crunch

5 hours ago DieselGasoil Comments Off on PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts. FILE PHOTO: The Philadelphia Energy Solutions Read More

Failed state made in the USA: Ex-president of Honduras and coup victim Zelaya tells all

7 hours ago DieselGasoil Comments Off on Failed state made in the USA: Ex-president of Honduras and coup victim Zelaya tells all
President Jose Manuel Zelaya of Honduras was deposed from power in a military coup after joining a progressive alliance of Latin American leaders and he has “absolutely no doubts” the US was behind his ouster, he tells RT America. “The US warned me: if you sign the Bolivarian Alternative to the Americas (ALBA) you’re going Read More

Wall Street ends sharply higher on German stimulus optimism

11 hours ago DieselGasoil Comments Off on Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, Read More

Wall Street jumps on German stimulus hopes

14 hours ago DieselGasoil Comments Off on Wall Street jumps on German stimulus hopes
NEW YORK (Reuters) – Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Argentina delays price freeze as oil sector warns of hit to investment, output

2 days ago DieselGasoil Comments Off on Argentina delays price freeze as oil sector warns of hit to investment, output
Buenos Aires — Argentina’s Energy Secretariat has delayed the enforcement of a 90-day freeze on diesel (gasoil) and gasoline prices that President Mauricio Macri proposed Wednesday, a move seen as appeasing the concerns of oil companies that it could slow drilling activity and production growth. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

6 times hero pilots averted disaster and saved the day

2 days ago DieselGasoil Comments Off on 6 times hero pilots averted disaster and saved the day
Following Thursday’s miraculous emergency landing of a Ural Airlines plane in a cornfield outside Moscow, RT examines some of the most amazing feats of heroics by commercial pilots in recent history. 1. TU-154 Yakutia to Moscow On September 7, 2010 an Alrosa Airlines TU-154 was travelling from Russia’s eastern Yakutia region to Moscow with 72 Read More

China’s trade threats deal fresh blow to world stocks

2 days ago DieselGasoil Comments Off on China’s trade threats deal fresh blow to world stocks
LONDON (Reuters) – China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 14, Read More

Novartis replaces top scientists at Avexis after drug data manipulated

2 days ago DieselGasoil Comments Off on Novartis replaces top scientists at Avexis after drug data manipulated
NEW YORK (Reuters) – Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early testing of a gene therapy for infants that costs more than $2 million. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in Read More

Stocks, oil plunge on growing signs of global slowdown

3 days ago DieselGasoil Comments Off on Stocks, oil plunge on growing signs of global slowdown
NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening. Yields on two-year U.S. Treasury notes rose above the 10-year yield for the Read More