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Weekly share repurchase program transaction details

20 mins ago DieselGasoil Comments Off on Weekly share repurchase program transaction details
  April 24, 2019 SBM Offshore reports the transaction details related to its EUR175 million (c. US$200 million) share repurchase program for the period April 18, 2019 through April 24, 2019. The repurchases were made under the EUR175 million share repurchase program announced on and effective from February 14, 2019. The objective of the program Read More

Euro falls on weak German business morale, stocks slip

2 hours ago DieselGasoil Comments Off on Euro falls on weak German business morale, stocks slip
NEW YORK (Reuters) – The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets. FILE PHOTO: The German Central Bank (Bundesbank) presents the new 50 euro banknote at its headquarters Read More

Walmart to create Angus beef supply chain

3 hours ago DieselGasoil Comments Off on Walmart to create Angus beef supply chain
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski (Reuters) – Walmart Inc said on Wednesday it would enter the U.S. beef industry by creating an end-to-end supply chain of Angus beef, as it looks to offer higher quality meat to customers in an Read More

Saudis see no need for immediate action on oil market

5 hours ago DieselGasoil Comments Off on Saudis see no need for immediate action on oil market
By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More

Domino’s franchisees help serve profit beat, shares rise

5 hours ago DieselGasoil Comments Off on Domino’s franchisees help serve profit beat, shares rise
(Reuters) – Domino’s Pizza Inc’s first-quarter profit beat Wall Street estimates on Wednesday, as it booked more revenue and royalties from franchisees across the globe. FILE PHOTO: A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo Shares of the world’s largest pizza company rose more than 6 Read More

Occidental Makes Superior Proposal to Acquire Anadarko

6 hours ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Top U.S. officials to hold trade talks in China next week

10 hours ago DieselGasoil Comments Off on Top U.S. officials to hold trade talks in China next week
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives Read More

Trump’s Iran decision could kill the OPEC+ deal

10 hours ago DieselGasoil Comments Off on Trump’s Iran decision could kill the OPEC+ deal
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts. The Wall Street Journal reported that the Trump administration’s decision to let waivers expire “surprised buyers and others who had been told by State Department officials in recent weeks to expect Read More

U.S. making a mistake politicizing oil: Iran oil minister

1 day ago DieselGasoil Comments Off on U.S. making a mistake politicizing oil: Iran oil minister
(Reuters) – The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported. FILE PHOTO: Iran’s Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, Read More

Oil surges amid OPEC caution to offset Iran sanctions

1 day ago DieselGasoil Comments Off on Oil surges amid OPEC caution to offset Iran sanctions
NEW YORK (Reuters) – Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude. Output in Saudi Arabia, the world’s top oil Read More