Crude Oil - BingNews

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U.S. crude oil production heads toward record

Crude oil production in the U.S. continues to push higher approaching the mythical 10-million-barrels-per-day mark, a level that has never been achieved. The rise in production has resulted in a decline in the price of oil and gasoline. The Energy ...
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Posted: December 17, 2017, 4:13 am

Oil Price Fundamental Weekly Forecast – Weak Close in Brent Could Drag Down Prices

The key to the direction of the crude oil market this week is likely to be determined by the price action in the Brent crude oil market. The rig count data is also short-term positive.The IEA and OPEC data is potentially bearish for the WTI futures contract.
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Posted: December 17, 2017, 2:18 am

Crude Oil Prices - Weekly Outlook: December 18 - 22

Investing.com - Oil settled on a mixed note on Friday, with prices notching their third-consecutive weekly loss amid concerns over rising production in the U.S. U.S. West Texas Intermediate (WTI) crude futures for January delivery tacked on 30 cents, or ...
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Posted: December 17, 2017, 12:58 am

Crude Oil Prices Went on a Wild Ride in 2017

This volatility had a considerable impact on oil companies this year, with U.S. shale drillers having to readjust quickly when oil prices tanked this summer. That said, after getting burned earlier in the year, they haven't been quite so quick to adjust ...
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Posted: December 16, 2017, 1:48 pm

Crude Oil Price News: Slew of Bearish Data Fails To Reverse Price

A market divided was the takeaway this week after OPEC & IEA have differing demand views The temporary shutdown of the North Sea pipeline that underlies Brent provided price volatility Per BHI, U.S. Oil Rig Count falls by 4 to 747, first drop in six weeks ...
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Posted: December 15, 2017, 3:41 am

Is National Oilwell Varco Following Crude Oil?

National Oilwell Varco’s (NOV) correlation with crude oil prices from December 12, 2016, to December 12, 2017, was 0.51, which indicates a relatively strong positive relationship between crude oil price and National Oilwell Varco’s stock. NOV’s ...
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Posted: December 15, 2017, 2:45 am

Oil Prices End Higher as Traders Weigh Output Against Major Pipeline Outage

Oil prices settled higher on Thursday, as a major pipeline outage outweighed increasing crude supply. Light, sweet crude for January delivery rose 44 cents, or 0.8%, to $57.04 a barrel on the New York Mercantile Exchange. Brent, the global oil benchmark ...
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Posted: December 14, 2017, 5:49 pm

Natural Gas - BingNews

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China unveils 5-year plan to switch from coal to natural gas for winter heating

China announced on Sunday a five-year plan to convert northern Chinese cities to clean heating during the winter through 2021, state media reported, amid a deepening heating crisis. An unprecedented government campaign to switch millions of households and ...
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Posted: December 17, 2017, 3:12 am

UPDATE 1-Initial Zohr output raises Egypt's natural gas production to 5.5 bln cubic feet daily-minister

CAIRO, Dec 17 (Reuters) - Output from Egypt’s giant offshore Zohr gas field in the Mediterranean will raise Egypt’s natural gas production to 5.5 billion cubic feet per day from 5.1 billion daily, Petroleum Minister Tarek El Molla told Reuters on Sunday.
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Posted: December 17, 2017, 1:11 am

Natural Gas Services Group breaks ground on new corporate offices

The traditional gold shovels, topped with hard hats, stood at the ready, this time adorned with red bows to mark the Christmas season, as officials gathered for Midland’s latest groundbreaking ceremony. “It’s been an exciting year for Midland, seeing ...
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Posted: December 16, 2017, 7:11 am

Commission proposes moratorium on new natural gas connections in Aliso Canyon service area

LOS ANGELES >> The California Public Utilities Commission issued a proposal Friday that would implement an emergency moratorium on new commercial and industrial natural-gas customer connections in areas that would rely on the Aliso Canyon Natural Gas ...
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Posted: December 16, 2017, 2:13 am

Colombia begins importing bulk LPG as natural gas reserves, output fall

Colombia has begun receiving is first sustained imports of bulk liquid propane gas, with volumes expected to rise significantly in the coming years as the country's natural gas reserves and output continue to decline. Juan Manuel Morales, an attorney and ...
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Posted: December 15, 2017, 3:27 pm

Could Natural Gas Hit a New 2017 Low Next Week?

On December 14, 2017, the implied volatility of natural gas futures was 40.4%. It was ~5.9% below its 15-day average. With sudden changes in prices in a security or commodity in either direction, volatility of the security or commodity can surge.
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Posted: December 15, 2017, 6:48 am

Natural gas exports continue to expand

Natural gas produced in Oklahoma and nationwide increasingly is reaching global markets in a trend expected to triple again over the next two years. The shale drilling boom over the past decade rapidly turned the country into a net natural gas exporter ...
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Posted: December 15, 2017, 2:00 am

US Dollar - BingNews

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Bitcoin Price Weekly Analysis – BTC/USD Upside Drift Above $20,000

Key Points Bitcoin price is gaining pace once again and is currently trading above $18,000 against the US Dollar. There is a monster bullish trend line forming with support at $17,000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is ...
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Posted: December 17, 2017, 5:12 am

USD is Inside the Box: EUR/USD, GBP/USD Showing Divergent Trends

– After the out-sized move higher in the US Dollar in the early portion of May, price action over the past five trading days has been confined to a rather well-defined box; and traders can use this in their setups and approaches. – While the US Dollar ...
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Posted: December 17, 2017, 4:54 am

Star Wars: The Last Jedi mints massive USD 45 million Thursday opening

‘The Last Jedi’ also easily beat last year’s 'Rogue One', which posted USD 29 million for its Thursday opening. WASHINGTON: Rian Jonhson’s latest entry in the world of epic sci-fi franchise ‘Star Wars: The Last Jedi’, has managed to set a ...
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Posted: December 17, 2017, 4:06 am

USD can’t hit enough must-have baskets in OT loss

The dagger. The clutch shot. The rally starter. Call it what you want, but it was missing for the USD mens’ basketball team for most of Saturday night’s game against visiting North Texas. When they needed it most, though, Olin Carter III had it in his ...
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Posted: December 17, 2017, 3:18 am

US Dollar Looks Vulnerable Through the End of 2017

How can you incorporate economic news into your trading strategy? See our guide here! Last week’s FOMC monetary policy announcement was billed as decisive for the US Dollar, and on this score, it did not disappoint. Indeed, the outing marked the currency ...
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Posted: December 17, 2017, 1:53 am

Bitcoin Moves into Mainstream, Trades Near $20,000. Pound and US Dollar Await Next Move

Markets have been on a slippery road lately with Bitcoin and cryptocurrencies in the forefront of financial news and investors’ interest. While Bitcoin is on a constant rise, the US Dollar and the British Pound await central banks and political ...
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Posted: December 17, 2017, 1:18 am

Toreros Hoops: USD Loses to North Texas in Overtime

Despite a late three-pointer to send the game into overtime, the Universtiy of San Diego men’s basketball team still fell to North Texas, 86-83, Saturday night at the Jenny Craig Pavilion. North Texas (7-5) was leading 77-74 with 18 seconds left ...
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Posted: December 16, 2017, 10:55 pm

S - BingNews

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South Africa's Zuma pleads for unity as ANC picks new leader

South Africa's president has called for unity in the governing African National Congress, as it prepares to select a new leader. Jacob Zuma, who's facing corruption allegations, is stepping down as head of the party before a successor is elected on Sunday.
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Posted: December 17, 2017, 4:47 am

'Last Jedi' fans furious after theater's audio malfunction

Police were called to a California theater Friday to disperse a crowd of moviegoers who got angry when an audio glitch turned "Star Wars: The Last Jedi" into a silent movie. The irate fans, some dressed as their favorite characters, poured into the lobby ...
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Posted: December 17, 2017, 4:35 am

South Africa's ruling ANC part prepares to elect new leader

JOHANNESBURG (AP) — The vote to choose the next president of South Africa's ruling African National Congress party is getting underway Sunday, after disputes over the credentials of party delegates, highlighting the bitter fight within Nelson Mandela's ...
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Posted: December 17, 2017, 3:28 am

Stevie Van Zandt dishes on Bruce Springsteen's Broadway run

The star-filled premiere of Daniel Day Lewis' final flick “Phantom Thread” included guitarist Stevie Van Zandt and his wife Maureen. While waiting for the movie to start an insider overheard the amiable Van Zandt chatting with “The Blacklist” star ...
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Posted: December 17, 2017, 3:00 am

‘Thomas Fire’ becomes California’s third largest on record

A raging wildfire in Southern California became the state’s third largest blaze on record, with more devastation possible from a resurgence of the harsh winds that have fueled the deadly fire's growth. Jillian Kitchener reports. A raging wildfire in ...
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Posted: December 17, 2017, 2:55 am

Police beef up Sen. Cory Booker's security following death threat

Police in Newark, New Jersey are stepping up their protection of Sen. Cory Booker after he and his family received a death threat, Newark mayor Ras Baraka said in a statement Saturday. "The Newark Police Division has been notified by the United States ...
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Posted: December 17, 2017, 2:49 am

The Ashes verdict: Only half a day of rain will give England a chance on Monday - it's as good as over

The Ashes are as good as gone. England are still 127 runs behind Australia with four wickets down - in other words, with only their dodgy lower order to come. The forecast rain will have to wash out the first half of day five for England to have a chance ...
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Posted: December 17, 2017, 1:43 am

Interest Rates - BingNews

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Market Expects Interest Rates To Go Even Lower In Brazil

Brazil’s recent rate cuts are unprecedented, historically speaking. The country is known for its high inflation and high-interest rates. And now, as the U.S. and Europe look to raise rates, Brazil is going the other way. And this is expected to lend a ...
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Posted: December 17, 2017, 4:55 am

As interest rates rise, will borrower prudence, too?

December 13, 2017 Washington and Boston—Like a small cloud on a sunny beach, a quarter-point hike in short-term borrowing rates arrived over the economy Wednesday. The beachgoers are unlikely to notice. The Federal Reserve has already jacked up rates and ...
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Posted: December 16, 2017, 2:02 am

Will The Federal Reserve Raise Interest Rates In 2018?

Much as I expected, the Federal Reserve hiked again in its December meeting. In the background, the Fed continues to wind down its balance sheet by reducing principal reinvestment at a progressive pace… i.e. passive Quantitative Tightening or QT.
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Posted: December 16, 2017, 12:00 am

European Central Bank keeps interest rates on hold

Grant’s Interest Rate Observer editor Jim Grant on the Federal Reserve’s decision to raise interest rates and why he is concerned about the European Central Bank.
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Posted: December 15, 2017, 5:38 pm

Fed’s Evans says he voted against raising interest rates because inflation is too low

Charles Evans, president of the Chicago Federal Reserve, said inflation was too low to justify an increase in U.S. interest rates in December. Chicago Federal Reserve President Charles Evans said he voted against the U.S. central bank’s decision to lift ...
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Posted: December 15, 2017, 9:56 am

Russian Central Bank Cuts Key Interest Rate

This is the kind of news coverage and analysis you can access exclusively as a WSJ Pro Member.
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Posted: December 15, 2017, 7:38 am

UPDATE 2-Russian central bank, in surprise move, chops interest rate

MOSCOW, Dec 15 (Reuters) - The Russian central bank delivered a sharper-than-expected rate cut on Friday, a move that could help give consumers a feel-good factor months before the March presidential election which incumbent Vladimir Putin is expected to win.
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Posted: December 15, 2017, 7:36 am

Trucking Industry - BingNews

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How Biofuels Will Change the Trucking Industry

Trucking is a $700 billion-a-year industry, but too often investors and media ignore it. And while it's starting to make some headlines with Tesla's (NASDAQ: TSLA) new semi, Tesla is only a small part of the story, and a drop in the bucket of opportunities.
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Posted: December 16, 2017, 8:50 am

Trucking Industry Worries New Rule Could Raise Costs

A new rule requiring most big rigs to be equipped with electronic logs that record a driver’s time behind the wheel is triggering deep divisions in the trucking world and raising concerns that shipping goods could get more costly and complicated.
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Posted: December 15, 2017, 4:41 pm

How Smart Tech is Changing Transportation as a Business

Like almost every other industry, sector or business vertical, the transportation industry is also witnessing a major shift. From autonomous vehicles to delivery drones – ideas once considered wildly impractical, are now an everyday reality, or are at ...
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Posted: December 15, 2017, 1:34 pm

Georgia’s unemployment rate is lowering: Trucking industry provides more jobs

Last month, Georgia’s unemployment rate dipped slightly compared to September, showing high hopes for another dip by the end of November. Last year, the unemployment rate was 5.3%, and since then, the state of Georgia has added 100,000 jobs. This brings ...
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Posted: December 15, 2017, 5:05 am

Transportation, internet and industry take center stage at governor-sponsored event

LOCK HAVEN — For residents of Clinton and Centre Counties, transportation, internet and jobs were the biggest issues raised at Gov. Tom Wolf’s “Cabinet in Your Community” event Wednesday at Lock Haven University. Secretaries Dennis M. Davin ...
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Posted: December 13, 2017, 10:41 pm

Ending human trafficking in the trucking industry

by Diana Stancy Correll | Dec 12, 2017, 12:01 AM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article Rep. Elizabeth Esty, D-Conn., along with Rep. John Katko, R-N.Y, introduced two pieces of legislation in September ...
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Posted: December 12, 2017, 8:25 am

Why Tesla Wants a Piece of the Commercial Trucking Industry

As Adam “MCA” Yauch’s bass line fuzzed through the speakers, and the crowd—encouraged by Tesla Motors (tsla) CEO Elon Musk to “jump over the barriers”—flooded the airplane hangar just outside Los Angeles, there was talk of an impending ...
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Posted: December 11, 2017, 8:00 pm

Automotive Industry - BingNews

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Auto Industry Seeks Two GST Rates For Passenger Vehicles

Automobile industry body SIAM is seeking two tax rates for passenger vehicles under the GST regime instead of multiple rates levied currently, as part of its wish list for the upcoming budget. The industry body has also sought from the Finance Minister ...
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Posted: December 17, 2017, 4:21 am

Next-gen automotive cybersecurity with software-defined perimeter and blockchain

Take that to mean industry vertical applications, development ecosystems, product design, hardware, deployment and more. The emergence of autonomous vehicles is radically changing the automotive business. This change is bringing in new revenue generation ...
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Posted: December 17, 2017, 3:48 am

Auto and Oil Industries Fighting Climate Policy, Report Finds

InfluenceMap, a London-based nonprofit, has released a report finding that trade groups representing the automotive and oil industries are among the main opponents of climate change policy worldwide. The report assesses the "50 most influential industry ...
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Posted: December 17, 2017, 1:12 am

Lead Change Or Decline: The Future Of The Automotive Industry-- And Every Industry

When the Hindenburg disaster occurred in 1937 in the skies over Lakehurst, New Jersey, the company behind the airship, the Zeppelin Company, was the world’s leader. For years airships had successfully run flights across oceans. The disaster, followed ...
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Posted: December 15, 2017, 5:44 pm

Karamba Security Invited to Join Auto-ISAC Industry Alliance and Present its Cyberattack Prevention at First Annual Summit

BLOOMFIELD HILLS, Mich. and HOD HASHARON, Israel — Dec. 12, 2017 – Karamba Security, the world leader in automotive cyberattack prevention, has been invited to join the Automotive-Information and Sharing Analysis Center (Auto-ISAC) and will present end ...
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Posted: December 15, 2017, 10:25 am

Thai Auto Industry Healthy as Motor Expo Closes

The annual Thailand International Motor Expo closes with a confident Mazda predicting national vehicle sales will top 840,000 units this year. Mazda Thailand Executive Vice President Atsushi Yasumoto says the Thai auto industry’s situation has improved ...
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Posted: December 15, 2017, 9:35 am

Autotrader Reveals ‘Must-Have’ Automotive Technology For 2018

The pace of technological innovation in the automotive industry continues to accelerate, and consumers entering the market today may be surprised at just how sophisticated the world of cars has become. To help car shoppers navigate the bevy of gadgets ...
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Posted: December 15, 2017, 8:21 am