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Devon Energy to Report Second-Quarter 2019 Results Aug. 6; Conference Call Scheduled for Aug. 7

1 hour ago DieselGasoil Comments Off on Devon Energy to Report Second-Quarter 2019 Results Aug. 6; Conference Call Scheduled for Aug. 7
OKLAHOMA CITY, June 25, 2019 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced plans to announce second-quarter 2019 results on Tuesday, Aug. 6, after the close of U.S. financial markets. The earnings release and operations report for the second-quarter 2019 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Aug. Read More

Marathon Petroleum signs offtake agreement for IEnova’s Manzanillo terminal in Mexico

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Highlights Manzanillo is also contracted by BP and Trafigura Terminal will serve Western Mexico, which demands 225,000 b/d of fuel Mexico City — Marathon Petroleum signed an offtake agreement for IEnova’s new Manzanillo marine terminal in Mexico’s Pacific coast, the companies said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Wall Street sinks as hopes fade for rate cuts, trade progress

3 hours ago DieselGasoil Comments Off on Wall Street sinks as hopes fade for rate cuts, trade progress
NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

Crude treads water as market looks to G-20 for direction

3 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

US to lead oil output growth through 2030: ConocoPhillips chief economist

3 hours ago DieselGasoil Comments Off on US to lead oil output growth through 2030: ConocoPhillips chief economist
Highlights Global oil demand expected to rise modestly to 2030 Refining capacity will adapt to lighter US crudes US crude export constraints seen as temporary Washington — The US will lead global oil production growth for the next decade, and tight oil can continue to grow beyond the 2030s even moderate prices, ConocoPhillips chief economist Read More

Gold soars to six-year high, stocks slide after Powell speech

4 hours ago DieselGasoil Comments Off on Gold soars to six-year high, stocks slide after Powell speech
NEW YORK (Reuters) – Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected. FILE PHOTO: Traders work on the main trading floor after the opening bell at Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

5 hours ago DieselGasoil Comments Off on Wall Street drops on trade worries, Fed Chair Powell’s speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

Instant view: Powell – Fed is ‘insulated’ from short-term political pressure

5 hours ago DieselGasoil Comments Off on Instant view: Powell – Fed is ‘insulated’ from short-term political pressure
(Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, U.S., Read More

Wall St. sinks on trade jitters ahead of Powell speech

7 hours ago DieselGasoil Comments Off on Wall St. sinks on trade jitters ahead of Powell speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More