Crude Oil - BingNews

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OPEC, non-OPEC oil producers to look at extending pact to cut crude supplies

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement had said the committee ...
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Posted: March 26, 2017, 3:39 pm

OPEC, non-OPEC to look at extending oil-output cut by six months

in April, 2017 regarding the extension of the voluntary production adjustments". Oil sector analysts said the lack of an immediate extension could drag on crude prices. "The dropping of the recommendation to extend cuts in favour of technical review ...
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Posted: March 26, 2017, 3:39 pm

Oil Creating a Bright Spot in the Markets And Earnings... For Now

Despite the OPEC production cuts that have taken more than 1 million barrels per day off the oil market, the added US capacity and less than booming global economy have led to US crude oil inventories to swell. The result has been a reversal in oil prices ...
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Posted: March 26, 2017, 3:27 pm

United States crude oil production decreases in 2016 despite fourth quarter growth

Crude stocks in the United States, the world's largest oil consumer, were a record 533 million barrels last week after a bigger-than-expected 5 million barrel jump, the U.S. Energy Information Administration said. Brent for May settlement gained as much as ...
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Posted: March 26, 2017, 3:19 pm

OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months

Having failed to "rebalance" the oil market in the first six months following the implementation of the Vienna production cut agreement, with crude inventories in the US hitting all time highs in the interim... ... OPEC and non-OPEC oil producers found ...
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Posted: March 26, 2017, 2:39 pm

Oil prices decline on rising U.S. stockpiles

but non-OPEC producers have yet to fully deliver on pledged cuts and USA shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Futures dropped as much as 1.9 percent in NY. Saudi Energy Minister Khalid ...
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Posted: March 26, 2017, 2:32 pm

Thai Oil buys first crude cargoes from Oman, U.S. amid OPEC cuts

Thailand’s largest oil refiner Thai Oil has bought its first ever cargoes of U.S. Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said. The company bought 500,000 barrels of ...
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Posted: March 26, 2017, 2:06 pm

Natural Gas - BingNews

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Liquefied Natural Gas Ltd (ASX:LNG) Magnolia LNG Site Lease Agreement

03/24 Liquefied Natural Gas Ltd Investor Conference Call and Presentation 03/24 LIQUEFIED NATURAL GAS LTD (ASX: LNG) Investor Conference Call and Presentation 03/24 LIQUEFIED NATURAL GAS: Investor Conference Call and Presentation 03/23 Liquefied Natural ...
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Posted: March 26, 2017, 3:29 pm

Rise in investments show rebound in state oil, gas industry

The Denver-Julesburg Basin is the source of more than 90 percent of the oil produced in Colorado and much of the states' natural gas production. Applications to drill are up in Adams, Arapahoe and Larimer Counties and southwestern Weld County. Meanwhile ...
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Posted: March 26, 2017, 3:08 pm

Hilcorp shuts down oil platforms to address Cook Inlet gas leak

Location of a natural gas leak taking place from a pipeline owned by Hilcorp in Cook Inlet. (Image courtesy Alaska Department of Environmental Conservation/NASA) Hilcorp announced Saturday (March 25) that after discussions with Alaska Governor Bill Walker ...
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Posted: March 26, 2017, 2:27 pm

Hilcorp agrees to temporarily shut down oil production to fight Cook Inlet gas leak

Following discussions with Gov. Bill Walker, Hilcorp Alaska said Saturday morning it has agreed to temporarily shut down oil production at two platforms in Cook Inlet to fight a leaking natural gas fuel line that has generated concerns for weeks about ...
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Posted: March 26, 2017, 1:40 pm

Why are companies investing billions in natural gas-fired power in Ohio? Jackie Stewart (Opinion)

Guest columnist Jackie Stewart is state energy director for Energy In Depth-Ohio, a research, education and public outreach campaign focusing on on-shore energy resources, including natural gas. Within the past few years, there has been a flurry of natural ...
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Posted: March 26, 2017, 9:01 am

A Natural Gas Reemergence in the Haynesville Shale

As an aging, dry, but nowhere near dead, natural gas titan in Northwest Louisiana and Eastern Texas, the Haynesville is our third largest shale play, now yielding around 6.3 Bcf/d and potentially holding nearly 500 trillion cubic feet of gas (here).
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Posted: March 26, 2017, 7:04 am

Natural Gas Demand Surges With Record Late Season Arctic Blast - But Is It Enough?

A record-setting late season arctic blast has sent natural gas demand to levels typically seen in mid-January. I am projecting an exceptionally bullish -160 BCF weekly natural gas storage withdrawal for March 11-17 that will dramatically cut down what had ...
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Posted: March 26, 2017, 3:04 am

US Dollar - BingNews

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Win a Tate Wade Bokeh Swiss watch with a value of $692 USD / CHF 690

Unique Opportunity to win this fantastic Swiss Made Automatic Watch! 🎯 JOIN HERE : 👉 https://wn.nr/X8mCQU ⚫GOOD LUCK⚫ #giveaway #watch #contest #competition #comp #GiftCard #swisswatch #Swissmade #Geeks #prize #luxury #free #money #lifestyle # ...
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Posted: March 26, 2017, 3:29 pm

Porton Fine Chemicals Ltd 300363 Pharmaceuticals Healthcare Deals and Alliances Profile [Updated: 21022017] Prices from USD $250

Clinical Approvals Clinical Trials Drug Approvals Drug Delivery Drug Discovery Generics Drugs Prescription Drugs In the fields of medicine, biotechnology and pharmacology, drug discovery is the process by which drugs are dis... Health care (or healthcare ...
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Posted: March 26, 2017, 3:28 pm

USD/JPY: key technical downside level broke, next stop 109.90?

USD/JPY is currently trading at 110.97 at the time of writing with a high of 111.39 and a low of 110.82. USD/JPY is under pressure from the off this week in thin early trade and markets are reacting to the fall-out between the republicans and failure of ...
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Posted: March 26, 2017, 3:20 pm

The Targeted Lifetime of the US Dollar is 35 Years

TDC Note – Currently the Federal Reserve Note (US “Dollar”) has been unbacked and nothing more than a lie since 1971 – some 46 years. Not sure how many years past the 35 year time line the FRN has to go, but we can only hope it’s time is coming ...
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Posted: March 26, 2017, 2:04 pm

New Report Inspects E-Clinical Solutions Market to Reach USD 3,698.92 Million Worldwide: Emerging Trends, Growth Factors and Forecasts 2020

The Global Infertility Treatment Devices Market is expected to reach USD 3,698.92 million by 2020 from USD 1,822.32 million in 2015, at a CAGR of 15.21% between 2015 and 2020. Global infertility treatment device Market growth is majorly driven by the ...
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Posted: March 26, 2017, 1:57 pm

Photo gallery: USD hosts 97th annual Military Ball

The USD Reserve Officers’ Training Corps, family and friends attended the 97th Military Ball in the Muenster University Center Ballroom Saturday evening. The event was to honor the seniors in ROTC for their accomplishments at USD. The headliner for the ...
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Posted: March 26, 2017, 1:53 pm

Bitcoin Price Weekly Analysis – BTC/USD Resume Its Downtrend

Bitcoin price made a nice downside move recently below $950 against the US Dollar, and now BTC/USD could extend declines in the near term. SPONSORED ARTICLE: Tech Analysis articles are sponsored by SimpleFX - Simple as Never Before, SimpleFX is a robust ...
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Posted: March 25, 2017, 10:01 pm

S - BingNews

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Merkel’s CDU wins regional German election

Berlin, March 27 (IANS) German Chancellor Angela Merkel’s Christian Democratic Union (CDU) on Sunday won a regional election in the western state of Saarland with 40 per cent of the votes, exit poll results showed. According to the results reported by ...
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Posted: March 26, 2017, 3:39 pm

Long, drawn out legal fight expected for Trump administration’s refugee order

When a federal judge in Hawaii blocked President Trump’s revised travel and refugee order from taking effect, he ruled that the president’s own comments about the policy proved “religious animus” was at the heart of the ban. But in a victory for ...
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Posted: March 26, 2017, 3:36 pm

One of Trump’s Biggest Donors Thinks Cats Have More Value Than Welfare Recipients

Jon Wiener: To do this story you spoke with the prince of darkness himself, Stephen Bannon. What was that like, and what did he tell you about Robert Mercer and his daughter Rebekah? Jane Mayer: I was on the edge of my seat to see what Bannon was like ...
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Posted: March 26, 2017, 3:33 pm

Donald Trump’s Dangerous Alliance With White Supremacy

The following article is entirely the opinion of Veronica Tash and does not reflect the views of the Inquisitr. The false narrative about Donald Trump and Russia is distracting; it certainly has distracted me from writing about the actual problems with ...
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Posted: March 26, 2017, 3:29 pm

Twilight Zone Awaits EU’s Vestager on Trip to Trump’s America

Margrethe Vestager, the European Union’s antitrust czar, makes her first visit to President Donald Trump’s America next week, amid criticism she’s unfairly targeting some of the U.S.’s biggest companies ranging from Google to McDonald’s Corp. But ...
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Posted: March 26, 2017, 3:29 pm

No surprise: Beijing's pick Lam chosen as Hong Kong's leader

HONG KONG (AP) — The candidate favored by China's Communist leadership was chosen as Hong Kong's new leader on Sunday, in the first such vote since huge pro-democracy protests erupted over the city's election system in 2014. A committee dominated by pro ...
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Posted: March 26, 2017, 3:19 am

2017 March Madness schedule: Sunday's Elite 8 times, TV guide

USA TODAY Sports' Nicole Auerbach recaps how Florida and South Carolina won in Friday's NCAA tournament games. USA TODAY Sports The NCAA men's basketball tournament continues Sunday with the second half of the Elite Eight, starting at 2:20 p.m. ET.
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Posted: March 25, 2017, 9:53 pm

Interest Rates - BingNews

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Credit card providers on notice from customers fed up with high rates: survey

AUSTRALIAN consumers are fed up with high credit card interest rates, saying they feel cheated that their repayment rates do not move in line with the RBA rates. New finder.com.au research found that 79 per cent of Australians are dissatisfied with credit ...
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Posted: March 26, 2017, 3:37 pm

CBA follows ANZ, Westpac to hike rates

The nation's largest bank will raise interest rates on standard variable home loans by 3 basis points to 5.25 per cent effective from May 8. Investors will see a 24 basis point hike to 5.80 per cent.
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Posted: March 26, 2017, 3:36 pm

Rates up, gold up. The spring run has sprung

The rate hike happened and gold sprang into action, just as I expected. The move was stronger and came out of near record volumes, which shows just how many speculators were waiting for this opportunity. There is very good interest in gold these days ...
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Posted: March 26, 2017, 3:30 pm

David Morgan on Double Down to Discuss the Fed’s Interest Rate Hike (Podcast)

Precious Metals expert David Morgan notes that the Federal Reserve Bank raised interest rates by 0.25%. This, despite an economy, that some data is suggesting, is slowing rapidly. David Morgan joined Max Keiser and Stacy Herbert of Double Down to answer ...
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Posted: March 26, 2017, 3:20 pm

Interest rates increased up by Central Bank

Sri Lanka´s central bank raised interest rates for the first time in eight months on Friday, saying tighter policy was a precaution against a build-up of inflationary pressures. "Cumulative Rupee earnings have more than compensated for the quantity loss ...
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Posted: March 26, 2017, 1:09 pm

‘Maha can save ₹2,000 crore if Centre slashes interest rate on existing loans’

With the state debt set to cross Rs4 lakh crore mark, the Maharashtra government has requested the centre help to reduce the interest rate on the loans it had taken from the latter in the past. The move is expected to help the state save more than Rs2,000 ...
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Posted: March 26, 2017, 12:35 pm

Low-Interest Rates Carry A Hidden Cost

One of the most remarkable features of our current economy is that interest rates are basically flat or negative in real terms and are expected to remain so. This is not unprecedented. Real rates were negative after the second world war and again in the 1970s.
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Posted: March 26, 2017, 5:37 am

Trucking Industry - BingNews

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Police: Cincinnati driver fatally shot who struck 4-year-old boy

State lawmakers launched a four-part plan Wednesday to help trucking companies fill thousands of job openings. A series of bills were introduced addressing various problems that have put the industry in crisis, according to state Rep. Niraj Antani ...
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Posted: March 25, 2017, 3:51 pm

President Trump Pretended to Drive a Truck on the White House Lawn

President Donald Trump climbed into the cab of a Mack truck parked on the lawn Thursday to welcome trucking industry representatives to the White House. Before a meeting with trucking CEOs to discuss his health care bill proposals, Trump pretended to drive ...
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Posted: March 23, 2017, 3:19 pm

Trucking Associations CEO: Obamacare hurt our industry

American Trucking Associations CEO Chris Spear discusses his meeting with President Trump, as well as the negative impact Obamacare had on the industry. Leavitt: One thing that's certain, a bill will be passed named 'repeal and replace'
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Posted: March 23, 2017, 2:26 pm

Trump meets trucking reps, talks health care

Trump meets trucking reps, talks health care President Trump welcomed truckers and industry CEOs to the White House Thursday for a listening session on health care and its negative impacts on their industry and livelihood. (March 23) Check out this story ...
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Posted: March 23, 2017, 2:24 pm

Ohio Senate approves $7.8 billion transportation budget

Earlier on Wednesday, Hite joined a group of Ohio lawmakers to introduce a series of bills taking steps to address the workforce shortage in Ohio's trucking industry. Age limitations and stringent government regulations continue to strain the industry's ...
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Posted: March 23, 2017, 12:00 pm

'Crisis' in Ohio’s Trucking Industry Spurs Flurry of Bills

Ohio lawmakers launched a four-part plan March 22 to help trucking companies fill thousands of job openings. A series of bills were introduced addressing various problems that have put the industry in crisis, according to state Rep. Niraj Antani, (R ...
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Posted: March 23, 2017, 6:49 am

Trucking Executives, Professional Drivers to Visit White House

... national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight.
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Posted: March 23, 2017, 1:47 am

Automotive Industry - BingNews

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Waste not, want not: auto industry toys with the circular economy

A world with little or no waste – it’s not just a nice idea for the distant future, it’s a means of improving the environment, public health and even profit margins today. Companies across many industries are moving towards the idea of a circular ...
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Posted: March 26, 2017, 3:15 am

Report explores the complete automotive market 2017 trends, growth and forecasts

The research study focuses on Global Complete Automotive major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials ...
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Posted: March 26, 2017, 2:41 am

Auto industry backs commitment to fuel economy amid doubts

DEARBORN, Mich. — Just because President Trump might weaken U.S. fuel economy requirements, don't expect gas guzzlers like the giant 13 mpg Hummer H1 to make a comeback. Executives from automakers and suppliers gathered at a conference outside of Detroit ...
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Posted: March 25, 2017, 6:43 am

Automotive industry driving job creation in Mississippi

A little more than a decade ago, Mississippi had never produced a commercial vehicle. Today, about 4 million vehicles assembled in the state are on the road around the world, and production is showing no signs of slowing down. For Mississippians, more ...
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Posted: March 24, 2017, 3:19 pm

GLENN McCULLOUGH: Automotive industry drives job creation in state

A little more than a decade ago, Mississippi had never produced a commercial vehicle. Today, about 4 million vehicles assembled in the state are on the road around the world, and production is showing no signs of slowing. For Mississippians, more ...
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Posted: March 24, 2017, 1:00 am

Ontario premier discusses trade issues with auto industry leaders

TORONTO — U.S. political leaders are showing a better-than-expected understanding of how important trade with Canada is to the health of the American auto sector, Ontario Premier Kathleen Wynne said Friday. Wynne, who met with several auto industry ...
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Posted: March 24, 2017, 1:00 am

Subprime Auto Loans Crushed Worse than in 2009, Auto Industry Bleeds, Knock-on Effects Commence

After the credit bubble comes the credit bust. Subprime auto loans, a big force behind booming car sales in recent years, are getting crushed by defaults, particularly those originated between 2013 and 2015 when the proportion of subprime loans began to ...
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Posted: March 24, 2017, 1:00 am