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Oil sheds gains, stocks dip as Fed comes into focus

5 hours ago DieselGasoil Comments Off on Oil sheds gains, stocks dip as Fed comes into focus
LONDON (Reuters) – Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week’s Federal Reserve meeting. FILE PHOTO: People walk past the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Read More

Oil shock unites China with Asia rivals worried about supply

5 hours ago DieselGasoil Comments Off on Oil shock unites China with Asia rivals worried about supply
By Iain Marlow, Dandan Li and Archana Chaudhary on 9/17/2019 HONG KONG (Bloomberg) – If anything could distract Asia’s top powers from sparring over disputed territory and crimes committed during World War II, it’s the need for cheap oil. Asia accounts for more than 70% of Saudi Arabia’s crude exports, with the four biggest economies Read More

Genetically-modified mosquito apocalypse plan BACKFIRES spectacularly in Brazil

7 hours ago DieselGasoil Comments Off on Genetically-modified mosquito apocalypse plan BACKFIRES spectacularly in Brazil
An experimental trial to reduce the mosquito population in Brazil through the deliberate release of 450,000 genetically modified mosquitoes has failed miserably and may have even created a genetic hybrid super species. British biotech company Oxitec conducted a 27-month long experiment in 2013 Jacobina, Brazil, aimed at reducing the local mosquito population by 90 percent Read More

Oil sheds gains, stocks inch lower as focus turns to Fed

8 hours ago DieselGasoil Comments Off on Oil sheds gains, stocks inch lower as focus turns to Fed
LONDON (Reuters) – Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week’s Federal Reserve meeting. FILE PHOTO: Men are reflected on an electronic board showing the Nikkei stock index outside Read More

Factbox: Britain’s insulin providers prepare for Brexit fallout

9 hours ago DieselGasoil Comments Off on Factbox: Britain’s insulin providers prepare for Brexit fallout
FILE PHOTO: The logo of Sanofi is seen at the company’s research and production centre in Vitry-sur-Seine, France, August 6, 2019. REUTERS/Charles Platiau LONDON (Reuters) – With Britain sourcing the vast majority of the insulin needed by its 1 million diabetics from overseas, its biggest providers have had to restructure their supply chains in case Read More

U.S. value fund managers betting shift to value stocks won’t last

11 hours ago DieselGasoil Comments Off on U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Read More

Crude oil futures lower on producer assurances, bearish economic signs

13 hours ago DieselGasoil Comments Off on Crude oil futures lower on producer assurances, bearish economic signs
Singapore — Crude oil prices tumbled in mid-morning trade in Asia Tuesday after global producers assured ample availability of oil reserves, allaying supply concerns arising from attacks on Saudi Arabia’s oil facilities, while fresh macroeconomic data weighed on sentiment. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:34 Read More

Workers picket GM plants as UAW contract talks resume

24 hours ago DieselGasoil Comments Off on Workers picket GM plants as UAW contract talks resume
DETROIT (Reuters) – Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations. The UAW on Sunday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering Read More

Oil prices up 12% after attack on key Saudi oil facilities

24 hours ago DieselGasoil Comments Off on Oil prices up 12% after attack on key Saudi oil facilities
NEW YORK (Reuters) – Oil prices jumped roughly 12% on Monday after an attack on Saudi Arabian crude oil facilities over the weekend sliced the kingdom’s production in half and intensified concerns of retaliatory actions in the Middle East. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched Read More