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Russian economy grows most in six years despite Western sanctions

2 weeks ago DieselGasoil Comments Off on Russian economy grows most in six years despite Western sanctions
The Russian economy has seen the biggest growth since 2012, expanding by 2.3 percent last year, according to preliminary estimates provided by Russian state statistics agency. Gross domestic product (GDP) rose 0.7 percent in 2018 compared to 1.6 percent the year earlier, and amounted to 103.6 trillion rubles ($1.6 trillion), Rosstat revealed on Monday. The Read More

The curious case of Norway's 60 MMbbl of missing oil

2 weeks ago DieselGasoil Comments Off on The curious case of Norway's 60 MMbbl of missing oil
By Mikael Holter on 2/3/2019 Photo: Equionor’s Aasta Hansteen FPSO spar. OSLO (Bloomberg) — Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises. During the worst downturn in a generation, from 2014 to 2016, companies would regularly exceed Read More

ExxonMobil shares bounce back as Permian output soars

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By Kevin Crowley on 2/1/2019 HOUSTON (Bloomberg) — Exxon Mobil shares jumped after surpassing analysts’ forecasts by almost one-third with the biggest Refining bonanza in six years and booming oil production in the Permian basin.  Strong crude flows from North America’s most-prolific oil field softened the blow of declining output from other regions and plunging Read More

Boeing shares soar on aircraft forecasts but storm clouds loom

3 weeks ago DieselGasoil Comments Off on Boeing shares soar on aircraft forecasts but storm clouds loom
(Reuters) – Boeing Co shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel, while indicating it had overcome supplier delays that snarled 737 production last year. FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled Read More

Boeing profit beats; targets 900 plane deliveries in 2019

3 weeks ago DieselGasoil Comments Off on Boeing profit beats; targets 900 plane deliveries in 2019
(Reuters) – Boeing Co shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel, while indicating it had overcome supplier delays that snarled production last year. FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Read More

Amgen 2019 forecast falls short of expectations, shares dip

3 weeks ago DieselGasoil Comments Off on Amgen 2019 forecast falls short of expectations, shares dip
(Reuters) – Amgen Inc on Tuesday reported fourth-quarter profit that easily surpassed expectations as sales rose and tax expense fell, but competition for older medicines is growing and the drugmaker forecast 2019 earnings below Wall Street estimates. FILE PHOTO: An Amgen sign is seen at the company’s office in South San Francisco, California in this Read More

S&P 500 flat on mixed earnings, trade caution

3 weeks ago DieselGasoil Comments Off on S&P 500 flat on mixed earnings, trade caution
(Reuters) – The S&P 500 was little changed on Tuesday, as mixed earnings reports and concerns about the upcoming U.S.-China trade talks gave little impetus for markets to recover from a slide a day earlier. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan Read More

Caterpillar and Nvidia warnings send Wall Street tumbling

3 weeks ago DieselGasoil Comments Off on Caterpillar and Nvidia warnings send Wall Street tumbling
(Reuters) – U.S. stocks tumbled on Monday, as warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a bite out of U.S. corporate profits. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan McDermid Shares Read More

Wall Street rattled by Caterpillar, Nvidia warnings

3 weeks ago DieselGasoil Comments Off on Wall Street rattled by Caterpillar, Nvidia warnings
(Reuters) – U.S. stocks fell on Monday as weak forecasts from Caterpillar Inc and Nvidia Corp fueled worries about a slowdown in China taking a bigger bite off corporate profits. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan McDermid Shares of Caterpillar, the Read More

Wall Street drops more than 1 percent on Caterpillar, Nvidia warnings

3 weeks ago DieselGasoil Comments Off on Wall Street drops more than 1 percent on Caterpillar, Nvidia warnings
(Reuters) – U.S. stocks dived on Monday, as weak forecasts from Caterpillar Inc and Nvidia Corp fueled worries about a slowdown in China taking a bigger bite off corporate profits. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid Shares of Caterpillar, the Read More