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Strong U.S. retail sales boost economic outlook

9 mins ago DieselGasoil Comments Off on Strong U.S. retail sales boost economic outlook
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

Oil futures rise slightly as storm impact fades

39 mins ago DieselGasoil Comments Off on Oil futures rise slightly as storm impact fades
London — 1030 GMT: Crude oil futures were trading slightly higher in late European morning Tuesday as the impact of Tropical Storm Barry subsided, while global economic uncertainty lingered. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:30 am London time (1030 GMT), ICE Brent September futures were Read More

U.S. retail sales increase solidly in boost to economy

1 hour ago DieselGasoil Comments Off on U.S. retail sales increase solidly in boost to economy
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

U.S. DUC shale backlog declines, except in Permian basin

2 hours ago DieselGasoil Comments Off on U.S. DUC shale backlog declines, except in Permian basin
By Stephen Cunningham on 7/16/2019 WASHINGTON D.C. (Bloomberg) –The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016, as producers came under intense pressure from shareholders to rein in costs while boosting output. The number of drilled but uncompleted wells, or DUCs, fell Read More

U.S. shale fracklog declines, expect in Permian basin

3 hours ago DieselGasoil Comments Off on U.S. shale fracklog declines, expect in Permian basin
By Stephen Cunningham on 7/16/2019 WASHINGTON D.C. (Bloomberg) –The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016, as producers came under intense pressure from shareholders to rein in costs while boosting output. The number of drilled but uncompleted wells, or DUCs, fell Read More

JPMorgan profit beats estimates on strength in consumer banking

3 hours ago DieselGasoil Comments Off on JPMorgan profit beats estimates on strength in consumer banking
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks. A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, Read More

Floods worsen in India’s northeast; rare rhinos in danger

5 hours ago DieselGasoil Comments Off on Floods worsen in India’s northeast; rare rhinos in danger
GUWAHATI, INDIA (Reuters) – Floods in northeast India worsened on Tuesday with incessant rain swelling already raging rivers, inundating villages and a rhinoceros sanctuary as 1,000 soldiers were deployed to rescue people fleeing the rising waters. Villagers are transported on a boat towards a safer place at a flooded village in Nagaon district, in the Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

5 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Asian shares creep higher as wary investors await U.S. data, earnings

7 hours ago DieselGasoil Comments Off on Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI (Reuters) – Most Asian stock markets rose on Tuesday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. FILE PHOTO: The German share price index DAX graph is pictured at Read More

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

10 hours ago DieselGasoil Comments Off on Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply
TOKYO (Reuters) – Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Read More