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Saudi, Gulf stocks fall after attacks on Aramco oil plants

2 days ago DieselGasoil Comments Off on Saudi, Gulf stocks fall after attacks on Aramco oil plants
DUBAI/RIYADH (Reuters) – Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. REUTERS/STRINGER Read More

Saudi, Gulf stocks fall after attack on Aramco oil plants

2 days ago DieselGasoil Comments Off on Saudi, Gulf stocks fall after attack on Aramco oil plants
DUBAI (Reuters) – Saudi stocks .TASI plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Read More

Oil prices may slump heavily in 2020

3 days ago DieselGasoil Comments Off on Oil prices may slump heavily in 2020
OPEC and its partners will not deepen their oil production cut yet but will discuss the topic again in December. This is what Saudi Arabia’s newly appointed Energy Minister Abdulaziz bin Salman told media after this week’s meeting of the Joint Ministerial Monitoring Committee. A discussion, however, may not be enough. OPEC may be forced to Read More

Crude oil futures edge lower after OPEC meet, IEA report

4 days ago DieselGasoil Comments Off on Crude oil futures edge lower after OPEC meet, IEA report
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Friday after an OPEC meeting on Thursday that saw no further cuts in crude production and bearish market reports on oil fundamentals. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ongoing trade tensions between the US Read More

Years after nun’s murder, church activists face threats in lawless Amazon

4 days ago DieselGasoil Comments Off on Years after nun’s murder, church activists face threats in lawless Amazon
ANAPU, Brazil (Reuters) – Fourteen years ago, on a dirt road near a remote settlement in northern Brazil, a gunman paid by local cattle ranchers executed a U.S. nun who had spent much of her life fighting to save the Amazon rainforest and advocating for the rural poor. FILE PHOTO: Children play next to logs Read More

Crude oil futures inch higher after US stock draw, demand concerns

2 weeks ago DieselGasoil Comments Off on Crude oil futures inch higher after US stock draw, demand concerns
Singapore — Crude oil futures were marginally higher during mid-morning trade in Asia Friday after the EIA data revealed a larger-than-expected draw in last week’s US crude inventory, but gains were capped by ongoing demand related concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:50 am in Read More

Facebook mulls dropping public like counts? Instagram ‘experiment’ spreads to parent platform

2 weeks ago DieselGasoil Comments Off on Facebook mulls dropping public like counts? Instagram ‘experiment’ spreads to parent platform
Facebook is experimenting with hiding “like” counts from public view, according to a researcher who uncovered a similar test by Instagram. While the company admits it plans to test the feature, it won’t say when, where, or why. Facebook is already hiding likes for some users, researcher Jane Manchun Wong claimed on Monday, noting that Read More

Factbox: U.S. stocks to watch as Hurricane Dorian threatens Florida

2 weeks ago DieselGasoil Comments Off on Factbox: U.S. stocks to watch as Hurricane Dorian threatens Florida
(Reuters) – Shares of insurance and freight companies reacted as Hurricane Dorian crept toward the Florida coast on Friday, and the National Hurricane Center upgraded Dorian to a Category 3 storm on Friday afternoon. A worker at Home Depot helps customers with storm supplies as people rushed to stock up on necessities ahead of the Read More

S&P slashes Argentina’s long-term debt three notches on maturity extension plan

3 weeks ago DieselGasoil Comments Off on S&P slashes Argentina’s long-term debt three notches on maturity extension plan
BUENOS AIRES (Reuters) – Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default. FILE PHOTO: A man shows Argentine pesos outside a bank in Buenos Aires’ financial Read More

Argentine bond prices fall, country risk soars on debt ‘reprofiling’ plan

3 weeks ago DieselGasoil Comments Off on Argentine bond prices fall, country risk soars on debt ‘reprofiling’ plan
BUENOS AIRES (Reuters) – Argentine bond prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on about $100 billion in debt, raising fear of a full-blown financial crisis. FILE PHOTO: A man shows Argentine pesos outside a bank in Buenos Aires’ financial Read More