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Devastating Nebraska floods threaten to stretch into Southern U.S.

1 hour ago DieselGasoil Comments Off on Devastating Nebraska floods threaten to stretch into Southern U.S.
BROWNVILLE, Neb. (Reuters) – Emergency officials in Southern U.S. states kept a wary eye on the Missouri and Mississippi rivers as massive flooding that killed four people and caused more than $1 billion in estimated damages to homes, businesses and crops threatened to extend south. Floodwaters resulting from a late-winter storm last week and warming Read More

Youngest captain, loving son: Ethiopian pilots honored in death

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ADDIS ABABA (Reuters) – The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew. A relative carries a portrait photograph of Ethiopian Airlines pilot Yared Getachew as he mourns at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu, near Addis Read More

'Perfect storm' of tight supply & global demand drives oil prices higher

5 hours ago DieselGasoil Comments Off on 'Perfect storm' of tight supply & global demand drives oil prices higher
Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

Longest stocks rally of the year stumbles ahead of Fed

5 hours ago DieselGasoil Comments Off on Longest stocks rally of the year stumbles ahead of Fed
LONDON (Reuters) – World shares’ longest rally of the year looked set to stumble on Wednesday as investors took profits before a U.S. Federal Reserve’s policy decision, which is expected to offer clues to interest rate prospects for the coming year. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Number killed in southeast Africa cyclone rises to 350

6 hours ago DieselGasoil Comments Off on Number killed in southeast Africa cyclone rises to 350
By Philip Whiteside, international news reporter The number of people killed by the cyclone that hit southern Africa has reached 350, and is likely to rise further. Large parts of Mozambique have been engulfed after Cyclone Idai smashed into its low lying coastal areas and heavy rains caused landslides and flash floods in Malawi and Read More

World shares face end to winning streak as Fed looms

8 hours ago DieselGasoil Comments Off on World shares face end to winning streak as Fed looms
LONDON (Reuters) – World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the U.S. Federal Reserve’s policy decision, seen as offering clues to interest rate prospects over the coming year. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Oil majors rush to dominate U.S. shale as independents scale back

12 hours ago DieselGasoil Comments Off on Oil majors rush to dominate U.S. shale as independents scale back
EDDY COUNTY, NEW MEXICO (Reuters) – In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles. Natural gas flares off at a production facility owned by Exxon near Carlsbad, New Mexico, U.S. February 11, 2019. Read More

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

21 hours ago DieselGasoil Comments Off on Stocks and oil touch 2019 highs; sterling wobbles, like Brexit
NEW YORK (Reuters) – Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain a delay on Brexit. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Cyclone Idai 'one of the worst disasters' in southern hemisphere

1 day ago DieselGasoil Comments Off on Cyclone Idai 'one of the worst disasters' in southern hemisphere
By Emily Mee, news reporter The cyclone which ripped through Mozambique before hitting neighbouring Zimbabwe and Malawi has been described as “one of the worst weather-related disasters” in the southern hemisphere.  Mozambique’s President Filipe Nyusi said the death toll could reach as high as 1,000, while the World Food Programme estimated at least 1.7m people Read More

TIPRO analysis details Texas oil and gas workforce trends

1 day ago DieselGasoil Comments Off on TIPRO analysis details Texas oil and gas workforce trends
3/19/2019 AUSTIN — Rising production of oil and natural gas in the Lone Star State is opening new doors for Texans seeking employment opportunities with energy companies. A new analysis released today by the Texas Independent Producers & Royalty Owners Association (TIPRO) indicates the Texas oil and natural gas industry had approximately 90,700 job postings Read More