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Indian builders woo buyers with cleaner, greener, ‘smart’ homes

2 days ago DieselGasoil Comments Off on Indian builders woo buyers with cleaner, greener, ‘smart’ homes
BENGALURU (Reuters) – When Arkesh Mishra, 33, and his wife Anasuya scouted for a new home in India’s tech hub of Bengaluru this year it was not the old real estate adage of “location, location, location” that was their main consideration – it was “peace of mind”. FILE PHOTO: High-rise residential buildings are seen in Read More

Asia gasoline crack jumps on RBOB surge after PES Philadelphia refinery blast

2 days ago DieselGasoil Comments Off on Asia gasoline crack jumps on RBOB surge after PES Philadelphia refinery blast
Singapore — The Asian gasoline market saw an uplift Monday after news of an explosion at US Philadelphia Energy Solutions’ 335,000 b/d Pennsylvania refinery Friday sent NYMEX RBOB futures surging, which in turn bolstered the Singapore 92 RON swap crack in Asia by around 30% on Monday morning, market sources said. Not registered? Receive daily Read More

Bitcoin extends monster rally as it confidently moves toward $10,000

5 days ago DieselGasoil Comments Off on Bitcoin extends monster rally as it confidently moves toward $10,000
The price of Bitcoin has surged, exceeding its one-year high. The world’s most popular cryptocurrency was trading at nearly $9,900 on Friday, continuing its 2019 rally that has seen its value nearly triple. Bitcoin jumped around six percent and reached $9,872.47 at 13:18 GMT on Friday, setting a new record for the year, according to Read More

Crude oil futures continue to rise amid geopolitical concerns

5 days ago DieselGasoil Comments Off on Crude oil futures continue to rise amid geopolitical concerns
Singapore — Crude oil futures were higher during mid-morning trade in Asia Friday, continuing their upward momentum from the previous day’s trading cycle bolstered by the ongoing geopolitical concerns in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:25 am Singapore time (0225 GMT), ICE Read More

Oil steps higher following Trump response to Hormuz crisis

6 days ago DieselGasoil Comments Off on Oil steps higher following Trump response to Hormuz crisis
New York — Oil futures stepped higher in midmorning trading Thursday after US President Donald Trump issued a response to an Iranian attack on a US military aircraft overnight in the Strait of Hormuz. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Iran made a very big mistake!” Trump Read More

Fed sees case building for interest rate cuts this year

7 days ago DieselGasoil Comments Off on Fed sees case building for interest rate cuts this year
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation. Even as the U.S. central bank left its benchmark interest Read More

Fed sees case for interest rate cuts this year building

7 days ago DieselGasoil Comments Off on Fed sees case for interest rate cuts this year building
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year in response to increased economic uncertainty and a drop in expected inflation. The Fed, which held rates steady after the end of its latest two-day policy Read More

Your money: Buying or refinancing? The mortgage rate frenzy is back

1 week ago DieselGasoil Comments Off on Your money: Buying or refinancing? The mortgage rate frenzy is back
NEW YORK (Reuters) – Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home – or refinance. FILE PHOTO: Homes are seen under construction in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola “It’s amazing how many times a once-in-a-lifetime opportunity comes Read More

Schulich buys 5% of MEG Energy despite Canadian energy concerns

2 weeks ago DieselGasoil Comments Off on Schulich buys 5% of MEG Energy despite Canadian energy concerns
By Doug Alexander and Michael Bellusci on 6/14/2019 TORONTO (Bloomberg) –Canadian investor Seymour Schulich said he bought about 5% of MEG Energy for the first time “in the last couple of weeks,” underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy. “We’ve got a window here and it’s Read More

Oil supply to swamp demand, squeeze OPEC in 2020, IEA says

2 weeks ago DieselGasoil Comments Off on Oil supply to swamp demand, squeeze OPEC in 2020, IEA says
By Grant Smith on 6/14/2019 LONDON (Bloomberg) — Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the International Energy Agency said. Even though growth in world oil demand will accelerate to 1.4 MMbpd in 2020, it Read More