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Take Five: Fed in a hole

23 hours ago DieselGasoil Comments Off on Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s Read More

Oil rises as Germany pledges economic stimulus, OPEC slashes output

1 day ago DieselGasoil Comments Off on Oil rises as Germany pledges economic stimulus, OPEC slashes output
New York — Crude futures edged higher Friday as Germany’s leadership pledged to undertake economic stimulus measures and OPEC reported sharply lower crude output in July. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up 40 cents at $54.87/b and ICE October Brent was 41 Read More

Oil rises alongside equities, but downbeat OPEC outlook caps gains

1 day ago DieselGasoil Comments Off on Oil rises alongside equities, but downbeat OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford But oil’s gains Read More

OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook

1 day ago DieselGasoil Comments Off on OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook
London — Led by its kingpin Saudi Arabia, which said it pumped at its lowest level in more than five years, OPEC on Friday reported it slashed its crude production in July, as it continues to battle slumping oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC Read More

Oil rises alongside equities, but weak OPEC outlook caps gains

1 day ago DieselGasoil Comments Off on Oil rises alongside equities, but weak OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford But oil’s gains Read More

Oil rises 2% as recession fears recede

1 day ago DieselGasoil Comments Off on Oil rises 2% as recession fears recede
MOSCOW (Reuters) – Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world’s biggest economy. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Read More

Imperiled by climate change, Pacific nations chide Australia

2 days ago DieselGasoil Comments Off on Imperiled by climate change, Pacific nations chide Australia
FUNAFUTI, Tuvalu (Reuters) – Small Pacific islands nations at risk from rising sea levels lambasted Australia on Friday after it blocked moves at a regional forum to set down tough policies to combat climate change. FILE PHOTO: Prime Minister of Fiji and COP 23 President Frank Bainimarama speaks during the COP24 UN Climate Change Conference Read More

US oil, gas rig count falls 15 on week to level not seen since May 2017

2 days ago DieselGasoil Comments Off on US oil, gas rig count falls 15 on week to level not seen since May 2017
Houston — The US oil and natural gas rig count fell this week to a low not seen since May 2017 as activity dropped or stalled in all the country’s major basins, information published by RigData showed Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now As of Wednesday, Read More

Wall Street rises after strong retail sales data, Walmart earnings

2 days ago DieselGasoil Comments Off on Wall Street rises after strong retail sales data, Walmart earnings
(Reuters) – U.S. stocks rose in choppy trading on Thursday, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession, but a slump in shares of network gear maker Cisco limited gains. FILE PHOTO: A screen shows the numbers after the closing bell at the New Read More

Pacific Islands leaders agree on climate plan with loopholes

2 days ago DieselGasoil Comments Off on Pacific Islands leaders agree on climate plan with loopholes
FUNAFUTI, Tuvalu (Reuters) – Pacific Islands leaders failed to agree on tough new climate change commitments at an annual summit on Thursday, agreeing instead to endorse a plan that allows them to opt out of specific measures they opposed. FILE PHOTO: New Zealand’s Prime Minister Jacinda Ardern speaks at the Istana in Singapore, May 17, Read More