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Fed pushes back on aggressive U.S. rate cut views

3 hours ago DieselGasoil Comments Off on Fed pushes back on aggressive U.S. rate cut views
NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central bank to deliver a significant U.S. interest rate cut of half a percentage point as soon as its next meeting. Chairman Jerome Powell defended the central bank’s independence from President Donald Trump and financial markets, Read More

Why oil’s outlook could be even bleaker than expected

9 hours ago DieselGasoil Comments Off on Why oil’s outlook could be even bleaker than expected
By Bloomberg News on 6/25/2019 SINGAPORE and BEIJING (Bloomberg) — As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. While the Saudi Arabian-led efforts to restrain supply amid surging Read More

US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer

14 hours ago DieselGasoil Comments Off on US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer

15 hours ago DieselGasoil Comments Off on US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

Google to spend further 1 billion euros to build Dutch data centers

19 hours ago DieselGasoil Comments Off on Google to spend further 1 billion euros to build Dutch data centers
FILE PHOTO: A sign is pictured outs a Google offcie near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh/File Photo AMSTERDAM (Reuters) – Alphabet Inc.’s Google said on Monday it will invest an additional 1 billion euros ($1.14 billion) to build data centers in the Netherlands, including a new facility Read More

Soyuz brings Space Station Expedition 59 back to Earth (VIDEOS)

21 hours ago DieselGasoil Comments Off on Soyuz brings Space Station Expedition 59 back to Earth (VIDEOS)
Three Expedition 59 crew members have safely returned to Earth aboard the Soyuz spacecraft after spending more than six months at the International Space Station. Russian cosmonaut Oleg Kononenko, Canadian Space Agency astronaut David Saint-Jacques and NASA astronaut Anne McClain landed on the steppes of Kazakhstan on Friday morning, roughly three and a half hours Read More

GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights

2 days ago DieselGasoil Comments Off on GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights
Monaco, June 24, 2019 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog”, the “General Partner”, or the “GP”) (NYSE: GLOG) and GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today an agreement to eliminate the GP’s incentive distribution rights (“IDRs”) in exchange for newly issued limited partner (“LP”) units. In exchange for the IDRs, Read More

Monsoon covers half of India, to accelerate crop sowing

2 days ago DieselGasoil Comments Off on Monsoon covers half of India, to accelerate crop sowing
MUMBAI (Reuters) – India’s annual monsoon rains have covered nearly half of the country and conditions are favorable for further advancement into the central and western parts this week, a weather department official said on Monday. The monsoon’s progress will help farmers to accelerate sowing of summer-sown crops, which has been lagging due to a Read More

U.S. arms makers see booming European demand as threats multiply

2 days ago DieselGasoil Comments Off on U.S. arms makers see booming European demand as threats multiply
PARIS (Reuters) – U.S. arms makers say European demand for fighter jets, missile defenses and other weapons is growing fast amid heightened concerns about Russia and Iran. A Lockheed Martin F-16 fighter of the Belgian Air Force performs at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 22, 2019. Read More