newszine

Oil gloom turns to boom as China, Fed allay worst fears

2 hours ago DieselGasoil Comments Off on Oil gloom turns to boom as China, Fed allay worst fears
By Carlos Caminada and Alex Nussbaum on 1/20/2019 Photo: Federal Reserve Bank of New York CALGARY and NEW YORK (Bloomberg) — Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate. Hedge funds boosted their net wagers on rising Read More

Oil hasn't started a year this hot since the turn of the century

2 days ago DieselGasoil Comments Off on Oil hasn't started a year this hot since the turn of the century
By Alex Nussbaum on 1/18/2019 Photo: Prudhoe Bay. NEW YORK (Bloomberg) — Oil hasn’t started off this strong in 18 years. After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18% to start this year. That’s the biggest climb over the Read More

Fed policymakers leave little doubt: Rate hikes can wait

2 days ago DieselGasoil Comments Off on Fed policymakers leave little doubt: Rate hikes can wait
SOMERSET, N.J./SAN FRANCISCO (Reuters) – “Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates – at least for a while. FILE PHOTO: John Williams poses for Read More

Freedom Oil and Gas has announced new leadership with industry veteran

2 days ago DieselGasoil Comments Off on Freedom Oil and Gas has announced new leadership with industry veteran
1/18/2019 HOUSTON — Freedom Oil & Gas Ltd has announced that effective Jan. 14, 2019, J. Russell Porter will be joining the company as president, CEO, and a member of the board of directors. J. Michael Yeager, Freedom’s chairman of the board, president and CEO will remain as non-executive chairman. Mr. Porter is an experienced Read More

U.S. consumer sentiment at two-year low, manufacturing rebounds

2 days ago DieselGasoil Comments Off on U.S. consumer sentiment at two-year low, manufacturing rebounds
WASHINGTON (Reuters) – U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as an ongoing partial shutdown of the federal government and financial market volatility stoked fears of a sharp deceleration in economic growth. FILE PHOTO: Shoppers carry bags of purchased merchandise Read More

U.S. crude gains, slowing global economy challenge oil market in 2019: IEA

3 days ago DieselGasoil Comments Off on U.S. crude gains, slowing global economy challenge oil market in 2019: IEA
FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo LONDON (Reuters) – U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure Read More

Shutdown clouds outlook for consumer-driven U.S. economic growth

3 days ago DieselGasoil Comments Off on Shutdown clouds outlook for consumer-driven U.S. economic growth
NEW YORK (Reuters) – After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. FILE PHOTO: A federal worker left unpaid or furloughed collects a free bag Read More

Your Money: The words and wisdom of Jack Bogle

3 days ago DieselGasoil Comments Off on Your Money: The words and wisdom of Jack Bogle
NEW YORK (Reuters) – America just lost a true giant in investing legend and Vanguard Group founder Jack Bogle. FILE PHOTO: A tribute to Jack Bogle, founder and retired CEO of The Vanguard Group, is displayed on the bell balcony over the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

U.S. weekly jobless claims fall; mid-Atlantic factory activity rebounds

4 days ago DieselGasoil Comments Off on U.S. weekly jobless claims fall; mid-Atlantic factory activity rebounds
WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson/File Photo Other Read More

Finding the bright side in a graying U.S. workforce

4 days ago DieselGasoil Comments Off on Finding the bright side in a graying U.S. workforce
CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) FILE PHOTO: People walk their dogs along the beach after sunset in Cardiff, California, January 27, 2016. REUTERS/Mike Blake/File Photo Economists call it the “old-age dependency ratio” – a rough measure of the balance between people who work and Read More