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'Golden cross' for stocks doesn't always glitter

3 days ago DieselGasoil Comments Off on 'Golden cross' for stocks doesn't always glitter
NEW YORK (Reuters) – The Dow Jones Industrial Average triggered a technical signal on Tuesday that many investors believe could portend more gains for stocks in the short term, known as the golden cross. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. Read More

Wall Street rises; Boeing up despite U.S. grounding of 737 MAX jets

1 week ago DieselGasoil Comments Off on Wall Street rises; Boeing up despite U.S. grounding of 737 MAX jets
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, 2019. REUTERS/Brendan Read More

U.S. cuts oil production forecast for the first time in six months

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By Stephen Cunningham on 3/13/2019 WASHINGTON (Bloomberg) — The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While crude output is still expected to reach record levels, the Energy Information Administration trimmed its 2019 forecast to Read More

Mid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2018 Operating and Financial Results, 2018 Year End Proved Reserves and 2019 Guidance

1 week ago DieselGasoil Comments Off on Mid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2018 Operating and Financial Results, 2018 Year End Proved Reserves and 2019 Guidance
TULSA, March 12, 2019 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ: MCEP) (“Mid-Con Energy” or the “Partnership”) announces operating and financial results for the fourth quarter and full year ended December 31, 2018. “2018 was a transformative year for the Partnership,” commented our President and CEO, Jeff Olmstead. “We significantly improved our financial position Read More

Tim Berners-Lee: 'Stop web's downward plunge to dysfunctional future'

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Global action is required to tackle the web’s “downward plunge to a dysfunctional future”, its inventor Sir Tim Berners-Lee has told the BBC. He made the comments in an exclusive interview to mark 30 years since he submitted his proposal for the web. Sir Tim said people had realised how their data could be “manipulated” Read More

VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2018 Results

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HOUSTON, March 06, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the fourth quarter and full year of 2018. Highlights and Recent Key Items: Established a long-term time horizon for continued growth in Gabon by extending the Etame Marin Production Sharing Contract (“PSC”) for up to 20 Read More

U.S. consumer spending, factory data point to weak first quarter GDP growth

3 weeks ago DieselGasoil Comments Off on U.S. consumer spending, factory data point to weak first quarter GDP growth
WASHINGTON (Reuters) – U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter. FILE PHOTO: A customer pays her lunch bill at the Other Side Cafe Read More

Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2018 Results

3 weeks ago DieselGasoil Comments Off on Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2018 Results
HOUSTON, Feb. 26, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the fourth quarter and full year 2018. Key highlights included: Increased fourth quarter 2018 revenues to $97.3 million, above the high end of the guidance range of $80 – $90 million Recorded strong non-project bookings of $87 Read More

Rising palladium demand tightens Russia’s hold on precious metal mining

4 weeks ago DieselGasoil Comments Off on Rising palladium demand tightens Russia’s hold on precious metal mining
The price of precious metal palladium hit another record high on Tuesday, surging above $1,550. Threat of strikes by South African mineworkers added to supply concerns in an already tight market. The silvery-white precious metal has risen 21 percent so far this year on a sustained supply deficit. Palladium, which is used in pollution control Read More