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Fed says U.S. economy ended 2018 with solid but weakening growth

2 hours ago DieselGasoil Comments Off on Fed says U.S. economy ended 2018 with solid but weakening growth
WASHINGTON, Feb 22 (Reuters) – The U.S. economy maintained “solid” growth through the second half of 2018, likely expanding “just under” 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress. FILE PHOTO: Flags fly over the Read More

China denies banning Australian coal, says imports continue as normal

4 hours ago DieselGasoil Comments Off on China denies banning Australian coal, says imports continue as normal
The Chinese Foreign Ministry has denied reports of putting restrictions on coal shipments from Australia. Delays in handling coal imports were due to stepped up inspections to protect the environment, it said on Friday. “In recent years, China Customs has found that some of the imported coal didn’t meet our environmental protection standards when it Read More

Enerflex Announces Record Bookings and Backlog with Fourth Quarter 2018 Financial Results and Quarterly Dividend

19 hours ago DieselGasoil Comments Off on Enerflex Announces Record Bookings and Backlog with Fourth Quarter 2018 Financial Results and Quarterly Dividend
CALGARY, Alberta, Feb. 21, 2019 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or “the Company” or “we” or “our”), a leading supplier of products and services to the global energy industry, today reported its financial and operating results for the three and twelve months ended December 31, 2018. Summary Table of Fourth Quarter and Twelve Read More

Third Point claims 300 percent return on activism since 2011

21 hours ago DieselGasoil Comments Off on Third Point claims 300 percent return on activism since 2011
BOSTON (Reuters) – Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its targets for taking the right steps. FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in Read More

Extraction Oil & Gas, Inc. Announces Fourth-Quarter and Full-Year 2018 Results

22 hours ago DieselGasoil Comments Off on Extraction Oil & Gas, Inc. Announces Fourth-Quarter and Full-Year 2018 Results
DENVER, Feb. 21, 2019 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today reported financial and operational results for the fourth-quarter and full-year ended December 31, 2018. Fourth-Quarter and Full-Year 2018 Highlights Fourth quarter average net sales volumes of 85,780 barrels of oil equivalent per day (BOE/d), including 46,584 Read More

China bans Australian coal imports as diplomatic tensions over Huawei intensify

1 day ago DieselGasoil Comments Off on China bans Australian coal imports as diplomatic tensions over Huawei intensify
One of China’s biggest ports has put restrictions on shipments of coal from Australia, its top supplier of anthracite, casting a shadow upon Australia’s second largest export earner. The Port of Dalian is set to cap overall coal imports from all sources at 12 million tons until the end of 2019, according to an official Read More

Musk’s ambitious new ‘Starship’ project might be undone… by bird poop

1 day ago DieselGasoil Comments Off on Musk’s ambitious new ‘Starship’ project might be undone… by bird poop
SpaceX’s new launch vehicle system, called Starship, will replace its current rockets, and may be the first craft to bring humans to Mars. The high tech ship has one potential weakness, however: bird poop. Starship will reportedly be fully reusable and extremely cheap to launch. Musk has made the rather bold claim that round-trip tickets Read More

Airbus pencils in orders for new A321XLR jet: sources

1 day ago DieselGasoil Comments Off on Airbus pencils in orders for new A321XLR jet: sources
PARIS (Reuters) – Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market. A logo of Airbus is seen on a wall at Airbus headquarters Read More

Former teacher & mother of 4 becomes Russia’s 2nd female billionaire

1 day ago DieselGasoil Comments Off on Former teacher & mother of 4 becomes Russia’s 2nd female billionaire
The owner of Russia’s biggest web retailer, Tatyana Bakalchuk, has entered the list of Russian billionaires. She managed to build her company, Wildberries, from scratch into a US$1.2 billion firm. This year, Wildberries – the leader of Russian online retailing, where you can find hundreds of thousands of items from clothing to electronics – has Read More