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  • [Headlines]U.S. crude gains, slowing global economy challenge oil market in 2019: IEA01/18 09:41

    U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC's resolve to support the market with output cuts, the International Energy Agency said on Friday. ......Search More News

  • [Business]IEA Sees Oil Demand Growth Defying Economic Slowdown01/18 09:30

    After slumping in the fourth quarter, oil prices “will provide some stimulus to demand,” said the Paris-based agency, which advises most of the world’s major economies on energy policy. To prevent markets tipping into oversupply, the OPEC cartel and its partners have announced substantial production cuts. Oil consumption will expand by 1.4 million barrels a day -- about 1.4 percent -- in 2019, slightly higher than last year’s expansion of 1.3 million, the IEA predicted.......Search More News

  • [Business]U.S. crude gains, slowing global economy challenge oil market in 2019: IEA01/18 09:30

    The IEA, which coordinates the energy policies of industrial nations, said it was keeping its estimate of oil demand growth for this year unchanged at 1.4 million barrels per day, close to 2018 levels. "The impact of higher oil prices in 2018 is fading, which will help offset lower economic growth," the Paris-based IEA said in its monthly report. Oil rallied above $85 per barrel in the second half of 2018 on concern about lower supplies from Iran due to new U.S. sanctions.......Search More News

  • [Business]Oil Set for Longest Weekly Rally Since October on OPEC's Curbs01/18 08:50

    OPEC’s production fell by the most in almost two years in December before a fresh round of cuts started this month, and Russia is aiming to speed up the pace of its curbs. While the Organization of Petroleum Exporting Countries and its allies are showing signs of clearing a glut, a prolonged government shutdown in the U.S. and uncertainties over the health of the global economy have rattled broader financial markets, reducing investor appetite for risk assets including oil. “It seems the market’s witnessing OPEC’s determination to reduce production and that’s giving comfort to investors,” Lim Jaekyun, a commodities analyst at KB Securities Co., said by phone in Seoul.......Search More News

  • [Business]Stocks Advance as Trade Hopes Aid Rally; Oil Rises: Markets Wrap01/18 08:40

    Stocks climbed in Europe and Asia on Friday alongside U.S. equity futures, building on the recent rally in risk assets amid further optimism for trade talks between America and China. Gains in automakers and banks helped lift the Stoxx Europe 600 Index after markets in Hong Kong and Shanghai led advances in Asia. U.S. equity futures rose after the S&P 500 Index on Thursday exceeded its 50-day average for the first time since early December following a Wall Street Journal report that Treasury Secretary Steven Mnuchin proposed easing China tariffs.......Search More News

  • [World News]Germany's Maas: We need to talk about whether to reopen Brexit accord01/18 08:21

    Germany's Foreign Minister Heiko Maas said a discussion should be held on whether to re-open the draft deal for Britain's planned exit from the European Union, but only if all EU members agreed. ......Search More News

  • [Business]Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy01/18 07:40

    Atiku Abubakar, the 72-year-old main opposition candidate in next month’s vote, outlined plans in an interview with Bloomberg on Wednesday that would radically change Africa’s biggest oil producer’s economy, which foreign investors have long said is too statist and over regulated. The candidate believes his policies will boost lackluster growth, which has persisted since oil prices crashed in 2014.......Search More News

  • [Headlines]Bad bets on oil, gas spark wave of energy-fund closures01/18 07:31

    Energy fund managers took heavy losses last year with wrong-way bets on the prices of oil and natural gas, leading to a wave of closures in the volatile fund sector. ......Search More News

  • [Business]Bad bets on oil, gas spark wave of energy-fund closures01/18 07:30

    The number of active energy-focused funds fell to just 738 in 2018 through September from about 836 in 2016, according to the latest available data from hedge funds industry tracker Eurekahedge. The number of funds solely focused on oil or gas has tumbled to 179 in 2018 from 194 in 2016. Funds that have suspended operations included high-profile names such as Jamison Capital's macro fund, T. Boone Pickens' BP Capital and Andy Hall's main hedge fund at Astenbeck Capital Management, along with smaller niche funds such as Casement Capital.......Search More News

  • [Business]After billion-barrel bonanza, BP goes global with seismic tech01/18 07:21

    Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. ......Search More News

  • [Business]After billion-barrel bonanza, BP goes global with seismic tech01/18 07:20

    Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to BP discovering the crude in an area where it had long thought there was none to be found. Industry experts said the scale of the discovery 8 km below BP's Thunder Horse field, announced last week, marked a major leap forward for deepwater exploration - a costly business known for its low success rate and high risk.......Search More News

  • [World News]Germany's Maas: We need to talk about reopening the Brexit accord01/18 06:51

    Germany's Foreign Minister Heiko Maas said there needed to be a discussion about reopening the draft deal for Britain's planned exit from the European Union, but only if all EU countries supported the move. ......Search More News

  • [World News]Major U.K. Airport Still Shut After Drones Are Used to Disrupt Travel01/18 05:42

    Authorities took the dramatic step of grounding flights all day at one of Europe’s busiest airports, upending plans for more than 100,000 passengers, after what they said was a deliberate attempt to use drones to disrupt travel.......Search More News

  • [Business]Japan satellite blasts into space to deliver artificial meteors01/18 05:41

    A rocket carrying a satellite on a mission to deliver the world's first artificial meteor shower blasted into space on Friday, Japanese scientists said. A start-up based in Tokyo developed the micro-satellite for the celestial show over Hiroshima early next year as the initial experiment for what it calls a "shooting stars on demand" service. The satellite is to release tiny balls that glow brightly as they hurtle through the atmosphere, simulating a meteor shower.......Search More News

  • [World News]China Offers Iran $3 Billion Oil-Field Deal01/18 05:30

    China’s state-run energy giant is seeking to take advantage of waivers allowed under U.S.’s Iran sanctions even as two European nations have ended crude purchases. ......Search More News

  • [Business]PG&E Won't Commit to Paying Settlements to 2015 Fire Victims01/18 04:50

    The September 2015 fire in the Sierra Nevada foothills did modest damage compared with Northern California blazes in PG&E’s service area in 2017 and 2018 that, taken together, killed more than 100 people, razed tens of thousands of homes and burned hundreds of thousands of acres. Financial uncertainty over as much as $30 billion in liabilities from the 2017 and 2018 wildfires has created a state of “limbo” in which PG&E can’t commit to previously reached settlements, said Kristen Bird, a lawyer for the company. PG&E is in “a mode of trying to conserve resources,” Bird told Superior Court Judge Allen Sumner.......Search More News

  • [Business]PG&E Won't Commit to Settlements With Fire Victims01/18 04:40

    The September 2015 fire in the Sierra Nevada foothills did modest damage compared with Northern California blazes in PG&E’s service area in 2017 and 2018 that, taken together, killed more than 100 people, razed tens of thousands of homes and burned hundreds of thousands of acres. Financial uncertainty over as much as $30 billion in liabilities from the 2017 and 2018 wildfires has created a state of “limbo” in which PG&E can’t commit to previously reached settlements, said Kristen Bird, a lawyer for the company. PG&E is in “a mode of trying to conserve resources,” Bird told Superior Court Judge Allen Sumner.......Search More News

  • [World News]U.S. likely to cut number of Iran oil sanctions waivers in May analysts01/18 04:31

    The United States is likely to extend waivers from sanctions on Iranian oil imports in May but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said. ......Search More News

  • [Headlines]Dem caucus meeting roiled by talk of Super Bowl security amid government shutdown01/18 03:50

    A House Democratic Caucus meeting was roiled this morning when one representative floated the possibility that the ongoing partial federal government shutdown might affect federal authorities' ability to secure the upcoming NFL Super Bowl.......Search More News

  • [Business]Is E-Commodities Holdings Limited’s (HKG:1733) P/E Ratio Really That Good?01/18 03:31

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at E-Commodities Holdings Limited's (HKG:1733) P/E ratio and reflect Read More.........Search More News

  • [Top Story]Saturn's rings are younger than the planet itself01/18 00:40

    Saturn's rings are younger than scientists thought and appeared within the last 10 to 100 million years, according to research published Thursday based on findings from NASA's Cassini spacecraft. The sixth planet from the Sun formed about 4.5 billion years ago, along with the rest of the planets in our solar system, and spent the bulk of its existence without the characteristic rings it is known for today. Astronomers have long believed the rings could be young, and perhaps formed by collisions between the moons of Saturn or by a comet that shattered in close proximity to the planet.......Search More News

  • [World News]Oil Slides After OPEC Delays Decision on Level of Output Cuts01/18 00:20

    OPEC members on agreed to production curbs but will wait to hear from Russia before making a final decision on the exact amount the cartel would cut to address falling oil prices.......Search More News

  • [Business]Japan’s Inflation Slows Again as Cheaper Oil Undermines the BOJ01/18 00:10

    Consumer prices excluding fresh foods rose 0.7 percent from a year earlier in December, according to the ministry of internal affairs Friday. Key InsightsAfter providing most of the inflation gains for much of last year, cheaper oil is now limiting the support for prices from energy.The slowdown thanks to oil is likely to prompt the BOJ to to cut its inflation forecast, according to people familiar with the matter. An increasing number of economists think the BOJ will stick with its current stimulus this year, even as side effects increase.Japanese households remain wary of higher prices and the government is on guard against anything that may reduce household spending ahead of a sales-tax hike scheduled for October.Some economists, including former BOJ chief economist Hideo Hayakawa, point out the risk of core inflation diving below zero percent this year far from its 2 percent goal.......Search More News

  • [Top Story]Stars of sport, music & TV watch Wizards beat Knicks in London01/18 00:01

    Stars of sport, music and TV watch on as the Washington Wizards beat the New York Knicks 101-100 in the NBA match in London.......Search More News

  • [Business]PG&E Won't Commit to Paying Settlements With 2015 Fire Victims01/18 00:00

    The September 2015 fire in the Sierra Nevada foothills did modest damage compared with Northern California blazes in PG&E’s service area in 2017 and 2018 that, taken together, killed more than 100 people, razed tens of thousands of homes and burned hundreds of thousands of acres. Financial uncertainty over as much as $30 billion in liabilities from the 2017 and 2018 wildfires has created a state of “limbo” in which PG&E can’t commit to previously reached settlements, said Kristin Bird, a lawyer for the company. PG&E is in “a mode of trying to conserve resources,” Bird told Superior Court Judge Allen Sumner.......Search More News

  • [Business]Thatcher-Loving Nigeria Candidate Pushes Radical Economic Change01/17 15:50

    Atiku Abubakar, the 72-year-old main opposition candidate in next month’s vote, outlined plans in an interview with Bloomberg on Wednesday that would radically change Africa’s biggest oil producer’s economy, which foreign investors have long said is too statist and over regulated. The candidate believes his policies will boost lackluster growth, which has persisted since oil prices crashed in 2014.......Search More News

  • [Business]Why Denbury Resources Investors Will Want to Forget 201801/17 15:30

    While the oil stock made a bold move, it backfired.......Search More News

  • [World News]Saudi Arabia pumps money into restive Shi'ite quarter it once flattened01/17 15:20

    The old quarter of Awamiya, a town on Saudi Arabia's oil-producing eastern shore that was once the center of Shi'ite protests, was leveled in 2017 following a security campaign against gunmen the authorities accuse of having links to Iran. ......Search More News

  • [World News]Georgia man 'planned to fire anti-tank rocket at White House'01/17 15:00

    The 21-year-old also hoped to attack a synagogue and Washington monuments, says the FBI.......Search More News

  • [Headlines]Wall Street slips at open after Morgan Stanley results01/17 14:50

    U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley's weak results and energy shares hurt by a drop in oil prices. ......Search More News