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PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire

9 hours ago DieselGasoil Comments Off on PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire
SAN FRANCISCO/LOS ANGELES (Reuters) – PG&E Corp shares soared 40 percent in after-hours trade on Thursday after a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire in northern California. Employees of Pacific Gas & Electric Read More

Crude mood: Oil enters bear market, plunging most since 2015

2 days ago DieselGasoil Comments Off on Crude mood: Oil enters bear market, plunging most since 2015
The crude price slide accelerated this week with US futures suffering their steepest one-day loss in more than three years. Tuesday’s seven-percent drop was due to ongoing worries about weakening global demand and oversupply. Oil prices have plunged more than $20 a barrel since the start of October, when Brent crude rose to nearly $87 Read More

Revenge served in pink: Glamorous girl axes Porsche and sprays 'bastard' on it

2 days ago DieselGasoil Comments Off on Revenge served in pink: Glamorous girl axes Porsche and sprays 'bastard' on it
One doesn’t expect a young woman, wearing a pink coat and high heels, to carry an axe. But the one caught on camera in Kiev not only did but used it to wreck a Porsche Boxster in what appears to be act of revenge. The bizarre scene, which happened in the center of the Ukrainian Read More

Oil struggles to find footing after 7 percent slide as outlook darkens

2 days ago DieselGasoil Comments Off on Oil struggles to find footing after 7 percent slide as outlook darkens
SINGAPORE (Reuters) – Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum Read More

Crude oil extends steep dive, stocks fall on growth fears

2 days ago DieselGasoil Comments Off on Crude oil extends steep dive, stocks fall on growth fears
TOKYO (Reuters) – Oil prices extended a steep slide on Wednesday on the back of worries about weakening world demand and oversupply, while global shares sagged as energy sector strains heightened anxiety about a slow down in the global economy. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, Read More

Oil extends 7 percent slide as outlook darkens

2 days ago DieselGasoil Comments Off on Oil extends 7 percent slide as outlook darkens
SINGAPORE (Reuters) – Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Read More

Oil extends slide from 7 percent slump the day before as outlook darkens

2 days ago DieselGasoil Comments Off on Oil extends slide from 7 percent slump the day before as outlook darkens
SINGAPORE (Reuters) – Oil markets slipped again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Read More

Crude oil struggles for traction after plunge, stocks sag

2 days ago DieselGasoil Comments Off on Crude oil struggles for traction after plunge, stocks sag
TOKYO (Reuters) – Oil prices struggled for traction on Wednesday after sinking on worries about weakening world demand and oversupply, while global shares sagged with slowing growth concerns overshadowing potential positives such as progress in the Brexit saga. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, Read More

Oil struggles to find footing after 7 percent slump, sentiment stays weak

2 days ago DieselGasoil Comments Off on Oil struggles to find footing after 7 percent slump, sentiment stays weak
SINGAPORE (Reuters) – Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Read More

Two dead in Gaza strikes after rockets hit Israel

4 days ago DieselGasoil Comments Off on Two dead in Gaza strikes after rockets hit Israel
Two Palestinians have been killed and three injured by Israeli airstrikes in Gaza, according to Palestinian Health officials. The Health ministry said the dead men were civilians, but the Popular Front for the Liberation of Palestine militant group claimed the fighters as their own. The airstrikes were launched in response to rocket fire from Gaza, Read More