Crude Oil - BingNews

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Crude Oil Prices Settle Higher as Crude Supplies Fall for 4th Straight Week – Crude oil prices settled higher on Wednesday as investors cheered data showing U.S. crude stockpiles fell more-than-expected for the fourth straight week easing concerns over an expected uptick in domestic production. On the New York ...
Posted: October 18, 2017, 9:01 pm

Barreled Over: Hurricane Nate Hits U.S. Crude-Oil Inventory

Don't get too excited about the drawdown. Hurricane Nate had a big impact on the numbers. Jenna Delaney, senior oil analyst at S&P Global Platts, thinks figures should normalize going forward. Her analysis of the data follows: This week’s report showed ...
Posted: October 18, 2017, 7:06 pm

Oil Prices Rise After Data Show Drop in U.S. Crude Supplies

Oil prices rose for a fourth straight session to hit three-week highs Wednesday after government data showed a larger-than-expected draw from U.S. crude stockpiles. U.S. crude futures settled up 16 cents, or 0.31%, at $52.04 a barrel on the New York ...
Posted: October 18, 2017, 4:46 pm

Oil Rises On Turmoil in Iraq, Expected Drop In U.S. Crude Stockpiles

Oil prices rose Wednesday on uncertainty in Iraq and Iran as well as a reported drop in U.S. crude stockpiles. U.S. crude inventories fell by 7.1 million barrels last week, according to the American Petroleum Institute late Tuesday. Official domestic data ...
Posted: October 18, 2017, 1:57 pm

Oil ekes out 3-week high as U.S. crude supplies drop, but product stocks rise

Flames emerge from flare stacks at the oil fields in Dibis area on the outskirts of Kirkuk, Iraq. Oil futures ended with a minor gain Wednesday, barely notching a three-week high, supported by a fourth straight weekly decline in U.S. crude supplies and ...
Posted: October 18, 2017, 12:01 pm

Could US Crude Oil Prices Hit $60?

Success! has been added to your Ticker Alerts. In the next part of this series, we’ll look at US crude oil production. We’ll also focus on oil inventories and the effect of the Brent-WTI (West Texas Intermediate) spread on the global oil supply.
Posted: October 18, 2017, 11:49 am

BRIEF-ExxonMobil acquires a crude oil terminal in Texas from Genesis Energy

* has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP Source text for Eikon: Further company coverage:
Posted: October 18, 2017, 11:24 am

Natural Gas - BingNews

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Natural gas production tax gets life in Pennsylvania House

HARRISBURG, Pa. (AP) — The potential for a tax on Marcellus Shale natural gas production gained new life Wednesday, as a bill emerged from a state House committee and Democratic Gov. Tom Wolf urged leaders of the Republican-controlled chamber to speed it ...
Posted: October 18, 2017, 9:26 pm

Natural Gas Futures Slide to Lowest Level in 1-Week - U.S. natural gas futures slipped to their lowest level in a week on Wednesday, as investors looked ahead to weekly data from the U.S. on supplies in storage to gauge demand for the fuel. U.S. natural gas for November delivery sank 4.9 cents ...
Posted: October 18, 2017, 7:01 pm

Weather Forecasts Play Ping Pong With Natural Gas

Mother nature is playing ping pong with natural gas prices. Weather forecasts for the 11-15 day range turned bearish. But readers should note that despite one of the worst total degree days since 2000, October storage injections will still be below the 5 ...
Posted: October 18, 2017, 3:20 pm

Boom in American liquefied natural gas is shaking up the energy world

Editor's note: This story is available as a result of a content partnership with The New York Times. Subscribers will see stories like this every day on our website (and in our daily emails) as an added value to your subscription. HOUSTON — A shale gas ...
Posted: October 18, 2017, 11:02 am

Nitrogen Input: Natural Gas Prices Fell Last Week

In this part, we’ll discuss natural gas prices because natural gas is a key input material for nitrogen and ammonium phosphate fertilizers. It can account for almost two-thirds of the production cost for nitrogen fertilizers. Last week, the EIA (U.S ...
Posted: October 18, 2017, 8:24 am

UPDATE 1-Indonesia's PGN forecasts natural gas sales to rebound in 2018

JAKARTA, Oct 18 (Reuters) - Indonesia’s state-owned gas company, Perusahaan Gas Negara (PGN), the country’s biggest gas utility, expects a slight increase in gas sales in 2018 after years of stagnant demand growth in Southeast Asia’s largest economy.
Posted: October 18, 2017, 5:29 am

Novatek 'won't waste time' lobbying for end to Russia natural gas export monopoly: CEO

The CEO of Russia's Novatek does not expect Moscow to lift Gazprom's monopoly on Russian pipeline gas exports any time soon, Leonid Mikhelson saying late Tuesday that Novatek "won't waste time" on lobbying the Kremlin for a change in policy. Speaking at a ...
Posted: October 18, 2017, 5:04 am

US Dollar - BingNews

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Forex - AUD/USD Holds Steady, Kiwi Slips Lower in Late Trade - The Australian dollar was steady against its U.S. counterpart on Wednesday, while the New Zealand dollar slipped lower as speculation over the next head of the Federal Reserve continued to lend support to the greenback. AUD/USD was almost ...
Posted: October 18, 2017, 9:17 pm

USD/JPY Fundamental Daily Forecast – Could Soar if Trump Appoints Hawkish Fed Chair

The Dollar/Yen surged on Wednesday after overcoming a key technical area. The catalysts behind the spike to the upside were speculation that President Trump would appoint a hawkish Fed Chair and progress on U.S. tax reform. The USD/JPY settled at 112.924 ...
Posted: October 18, 2017, 9:13 pm

EUR/USD headed back towards 1.1735/30 support?

EUR/USD clings to 5-DMA support at 1.1794 The spot rallied hard in the overnight trades and reached three-day tops at 1.1816 in early Asia, as the US dollar was dumped across the board on lackluster US housing data. However, the spike above 1.18 handle was …
Posted: October 18, 2017, 8:54 pm

US dollar strengthens against yen, euro after services data

This is an experimental feature. Give us your feedback. Thank you for your feedback. The US dollar strengthened on Wednesday after a report showed that an index of services activity hit its highest level since 2005 adding to signs of strength in the US ...
Posted: October 18, 2017, 3:28 pm

Ocean Exchange Grants Two USD$100,000 Awards to Innovative Start Ups

SAVANNAH, Ga., Oct. 18, 2017 /PRNewswire/ -- The seventh annual Ocean Exchange, hosted last week in Savannah, GA, featured twelve innovative, sustainable worldwide solutions that demonstrate the ability to generate economic growth and increase productivity ...
Posted: October 18, 2017, 2:20 pm

US Dollar edges lower below 93.30 on Fed's Beige Book

The US Dollar Index, which tracks the greenback against a basket of six trade-weighted peers, came under a modest selling pressure in the late NA session and refreshed its daily low at 93.22. As of writing, the index was at 93.25, losing 0.12% on the day.
Posted: October 18, 2017, 12:05 pm

The U.S. Dollar Is Setting The Stage To Be The Big Story Of 2018

The US Dollar has been operating within two controlling technical ellipses for 3 decades, with 3 of the most extremely volatile years remaining. The US Dollar has recently broken Intermediate Support in a downward trend, which when it completes will lead ...
Posted: October 18, 2017, 10:00 am

S - BingNews

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A first look at 8 possible versions of President Donald Trump's border wall

A first look at 8 possible versions of President Donald Trump's border wall As a deadline nears, construction companies rush to finish work on their prototype designs of President Donald Trump's border wall. Check out this story on http ...
Posted: October 18, 2017, 9:37 pm

Australia's Westpac to Refund 200,000 Customers Holding 'Packaged' Accounts

(Reuters) - Australia's Westpac Banking Corp said on Thursday it will provide refunds to about 200,000 customers holding "packaged" accounts, or accounts with additional benefits, and book an after-tax charge of A$45 million ($35.33 million) in fiscal 2017.
Posted: October 18, 2017, 9:30 pm

Michael Bennett will sit during anthem, despite Goodell's request

Seahawks players (l to r) Cliff Avril, Michael Bennett, and Frank Clark sit during the playing of the national anthem before Seattle's game versus the Indianapolis Colts at CenturyLink Field on Sunday, Oct. Seahawks players (l to r) Michael Bennett ...
Posted: October 18, 2017, 9:00 pm

Puerto Rico's leaders plea for help amid historic blackout

Puerto Rico's leaders plea for help amid historic blackout Most of Puerto Rico has been in the dark since mid-September. Officials estimate it could take another 8 months for the power grid to be fully operational. Meanwhile, leaders are pleading for ...
Posted: October 18, 2017, 7:10 pm

Sprint & T-Mobile: It’s Really Happening?!?!

According to Nikkei, Japan’s Softbank Group (9984.Japan) could announce this month a deal to merge its Sprint (S) unit with T-Mobile US (TMUS). T-Mobile ranks third among U.S. wireless carriers by subscribers, behind Verizon (VZ) and AT&T (T),...
Posted: October 18, 2017, 6:45 pm

Fall of Raqqa poses new test for U.S. in Syria

While the fall of Raqqa to U.S.-backed forces is a major victory in the battle against Islamic State, the militant group is far from eradicated, not to mention the six-year-long Syrian civil war. Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL ...
Posted: October 18, 2017, 4:35 pm

Record number of whales counted in Argentina's Patagonia

Conservation groups say a record number of Southern right whales were counted this year in Argentina's Patagonia region. Thousands of tourists have enjoyed watching the whales and their calves this season swimming near the shoreline of El Doradillo area.
Posted: October 18, 2017, 4:20 pm

Interest Rates - BingNews

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Bank of Korea holds key interest rate at record low

South Korea’s central bank left its key interest rate unchanged on Thursday, as expected. The Bank of Korea kept the benchmark seven-day repurchase rate at 1.25 per cent, as predicted by all 17 economists surveyed by Bloomberg. The BoK cut rates to the ...
Posted: October 18, 2017, 9:53 pm

Higher interest rates, loan growth drive U.S. Bancorp's profit up, but not enough for some investors

U.S. Bancorp, already producing some of the best results in American banking, couldn't quite satisfy investors with one of its latest numbers. The Minneapolis company, operator of the nation's fifth largest bank, on Wednesday reported a 4 percent jump in ...
Posted: October 18, 2017, 7:06 pm

Hedge Funds Stung by Prospect of Interest-Rate Rises

The prospect of interest rate increases in the U.S. and U.K. is playing havoc with the trades of several large hedge funds. Computer-driven funds have been trying to profit for months from steady declines in the dollar, British pound and government bond ...
Posted: October 18, 2017, 6:20 pm

McDonald May Fall Victim Of Historically Low Interest Rates

As other players in the QSR sector, McDonald has in place a multiyear refranchising strategy. Refranchising negatively impacts consolidated revenues and may result in a suboptimal choice. Stock price, backed by equity repurchases and passive investments ...
Posted: October 18, 2017, 12:42 pm

Fund managers bet on rising interest rates but not on tax-cut boost for stocks

Global fund managers are moving into trades that signal they expect interest rates to rise, including an extremely high allocation into banks, according to the latest monthly survey from Bank of America Merrill Lynch. While 68 percent do expect U.S. tax ...
Posted: October 17, 2017, 3:22 pm

Inflation hits its highest level in five-and-a-half years; MPC right to cut interest rates after Brexit vote says Carney

Inflation rises to 3pc, its highest level in five-and-a-half years; the increase will crank up the pressure on the Bank of England to hike interest rates next month to curb inflation RPI remains at its highest since 2012; business rates will jump by 3.9pc ...
Posted: October 17, 2017, 10:09 am

UK interest rates set to rise as inflation hits 3 percent

Inflation is set to rise above 3 percent in the next month or two, the Bank of England's governor warned Tuesday, a cautionary note that reinforces expectations interest rates will soon rise for the first time in a decade. Mark Carney's comment came after ...
Posted: October 17, 2017, 4:49 am

Trucking Industry - BingNews

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Could The Tesla Semi Disrupt The Trucking Industry?

If Tesla can overcome some significant obstacles and successfully pull off the pure-electric Tesla Semi, it could be industry changing. The if is BOLD here for many good reasons. Where will Tesla manufacture these monstrosities, and at what pace?
Posted: October 18, 2017, 4:25 pm

New Flyer of America's Vehicle Innovation Center Opens to Advance the Public Transportation Industry

"The collaboration between New Flyer, the City of Anniston, and the State of Alabama is a shining example of the power of public private partnerships, which is a key component of U.S. Transportation Secretary Chao's Innovation Agenda," said Ms. Williams.
Posted: October 18, 2017, 3:38 pm

New Flyer Industries : of America's Vehicle Innovation Center Opens to Advance the Public Transportation Industry

ST. CLOUD, MN, Oct. 18, 2017 /CNW/ - (TSX: NFI) New Flyer of America Inc. ("New Flyer"), the U.S. subsidiary of New Flyer Industries Inc. (" NFI Group "), the largest transit bus and motor coach manufacturer and parts distributor in North America, opened ...
Posted: October 18, 2017, 3:18 pm

The old world of freight is fleeting: 4 new advancements in the trucking industry

The world of trucking may not seem like it’s that relevant, but the whole idea of freight was one of the first steps modern civilisation ever took towards making things convenient. Read More: How the trucking industry is responding to driverless ...
Posted: October 18, 2017, 12:34 pm

Teletrac Navman Survey Finds Managing Costs is Transportation Industry's Top Business Challenge

GLENVIEW, Ill., Oct. 18, 2017 /PRNewswire/ -- Teletrac Navman, a global software-as-a-service provider leveraging location-based technology and services for managing mobile assets, today released findings from its Telematics Benchmark Report: U.S ...
Posted: October 18, 2017, 6:44 am

National Energy Guarantee leaves farmers, builders, trucking industry still waiting for their emissions reduction task

Farmers, builders and the trucking industry might be forced to do extra work to cut greenhouse gas emissions because of the way the National Energy Guarantee is designed. To hit its Paris climate agreement targets, Australia has to reduce emissions by 26 ...
Posted: October 18, 2017, 2:20 am

Anheuser-Busch and Convoy Sign Multi-Year Partnership to Drive Efficiencies in Supply Chain, Advance Trucking Industry

ST. LOUIS & SEATTLE--(BUSINESS WIRE)--Anheuser-Busch, a leading U.S. brewer, and Convoy, the leading technology-enabled trucking service, today announced an agreement to advance Anheuser-Busch’s shipping operations and improve the livelihood of American ...
Posted: October 17, 2017, 6:36 am

Automotive Industry - BingNews

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Auto industry cold on UK joining NAFTA post-Brexit

The UK joining the North American Free Trade Agreement zone is an idea reportedly being floated as an alternative if Britain crashes out of the European Union in 2019 without a trade deal with its European neighbors. Leaving aside the fact that NAFTA ...
Posted: October 18, 2017, 9:39 pm

UPDATE-Magna sets e-powertrain joint venture with Huayu Automotive Systems

HASCO stated that its efforts to deepen the joint-venture cooperation on electrified powertrain system will help the company to follow the electrification trend of auto industry and seize the market development opportunities. The joint venture will quicken ...
Posted: October 18, 2017, 8:39 pm

New report shares details about the Global automotive air conditioning parts industry market research for 2017

In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and the unit price that they offer in different regions from 2012 to 2017. In terms of its consumption, we analyze the consumption volume, consumption ...
Posted: October 18, 2017, 5:31 pm

Automotive Rear View Mirror Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

This report on the global automotive rear view mirror market aspires to serve as a credible business tool for targeted audiences such as the manufacturers of automotive rear-view mirror, automotive component suppliers, automotive original equipment ...
Posted: October 18, 2017, 5:22 am

The billion-dollar widget steering the driverless car industry

After four decades of inventing, five product categories, and a lot of wrong turns, Hall has stumbled onto a high-tech widget that is poised to become an essential piece of a trillion-dollar self-driving auto industry. Setting aside Steve Jobs’ return to ...
Posted: October 18, 2017, 5:02 am

Parking app SpotHero targets auto industry with new Detroit office

Chicago-based parking reservation app SpotHero is opening a new office in the Motor City in a bid to integrate its technology inside vehicles through partnerships with automakers and suppliers. The new downtown Detroit location will be inside the offices ...
Posted: October 18, 2017, 4:54 am

Automotive Industry Is Racing To Meet Electric Vehicle Demand In China

Last month, China’s government issued new rules that require automotive companies to sell more alternative-energy cars in the country. Beijing also plans to eventually get rid of all internal combustion engines in new cars, maybe as soon as 2030.
Posted: October 18, 2017, 1:54 am