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Saudi oil output unlikely to be fully restored as quickly as officials say: analysts

8 mins ago DieselGasoil Comments Off on Saudi oil output unlikely to be fully restored as quickly as officials say: analysts
Highlights Saudi Arabia needs more time to repair damage Drawing down stocks will continue Domestic oil burn likely to rise after attacks London — Saudi oil output is unlikely to be fully restored in the next couple of weeks despite assurances by Saudi officials and a drawdown of oil stocks to keep exports flowing, according Read More

AB InBev braves Hong Kong turmoil with second Asia IPO attempt

1 day ago DieselGasoil Comments Off on AB InBev braves Hong Kong turmoil with second Asia IPO attempt
HONG KONG (Reuters) – Anheuser-Busch InBev NV (ABI.BR) will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world’s second largest IPO this year. The brewing giant, which in July tried to raise up to Read More

Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

2 days ago DieselGasoil Comments Off on Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks
ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at Read More

Molotovs v water cannons: Violence continues during Hong Kong protests (VIDEO, PHOTOS)

3 days ago DieselGasoil Comments Off on Molotovs v water cannons: Violence continues during Hong Kong protests (VIDEO, PHOTOS)
Anti-government demonstrations got heated in Hong Kong on Sunday, as rowdy protesters attacked government buildings with petrol bombs, while police responded with tear gas and water cannons. Although there were fewer people on the streets compared to previous weekends, the violence seemed to be on the rise in China’s semi-autonomous region. The situation became particularly Read More

Rule, Britannia! Hong Kong protesters sing ex-colonial sovereign’s anthem

3 days ago DieselGasoil Comments Off on Rule, Britannia! Hong Kong protesters sing ex-colonial sovereign’s anthem
Activists flocked to the UK Consulate in Hong Kong on Sunday, waving Union Jacks and singing ‘God Save the Queen’ in a bid to convince London to step in and protect them from Beijing like it would have in the colonial era. The hundreds of protesters who gathered in front of the British Consulate-General claim Read More

$400 TRILLION HOLE? Actual US debt may be 2,000% of GDP, says Wall Street report

6 days ago DieselGasoil Comments Off on $400 TRILLION HOLE? Actual US debt may be 2,000% of GDP, says Wall Street report
A new report suggests that the real US debt level may be $400 trillion, or 20 times higher than the country’s gross domestic product. The calculation includes government, state, local, financial and so-called entitlement debt. AB Bernstein, a global asset management firm based on Wall Street, came up with these figures by including in its Read More

Mexico’s $5 billion debt bailout for Pemex ‘a one off’: deputy minister

6 days ago DieselGasoil Comments Off on Mexico’s $5 billion debt bailout for Pemex ‘a one off’: deputy minister
MEXICO CITY (Reuters) – Mexico’s $5 billion rescue package to pay down debt at Pemex is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said. Mexico’s Undersecretary of Finance and Public Credit Gabriel Yorio speaks during an interview Read More

OPEC trims 2019 demand forecast for its oil by 80,000 b/d

1 week ago DieselGasoil Comments Off on OPEC trims 2019 demand forecast for its oil by 80,000 b/d
Highlights Cuts Q2 2020 demand estimate for its crude by 390,000 b/d to 29 mil b/d OPEC output rose 136,000 b/d to 29.74 in Aug mil b/d: secondary sources Cuts 2020 non-OPEC supply forecast by 136,000 b/d on US shale slowdown London — OPEC Wednesday lowered its estimate for the demand for its oil this Read More

Philippines ignores international ruling, takes exploration deal with China

1 week ago DieselGasoil Comments Off on Philippines ignores international ruling, takes exploration deal with China
By Andreo Calonzo on 9/11/2019 MANILA (Bloomberg) – Philippine President Rodrigo Duterte said he will ignore an international court ruling affirming his country’s territorial claims in the South China Sea in order to advance oil exploration plans with Beijing. Duterte said in a media briefing late Tuesday that Chinese President Xi Jinping had promised a Read More