• Oil prices continue downward trend despite OPEC talk

    However, with the build-up in U.S. volume higher than expected, there is a downside risk of prices sinking to the low US$40s over the next 12 months", he told the audience at the 19th Asia Oil and Gas Conference 2017 yesterday. "We have committed to a 20,000 barrels per day cut and that's our commitment". However, Fesharaki is concerned that rising production from the United States oil supplies, coupled with prolonged weaker demand, might result in Opec giving up on market management.

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  • Hertz shares skid on wider-than-expected loss

    Hertz shares skid on wider-than-expected loss

    The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.54) by $0.17. During its last trading session, Stock traded with the total exchanged volume of 6.86 million shares.

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  • Crude Rebounds Mildly To Finish Higher In U.S.

    Higher crude output from the United States should pressure global oil prices through the end of 2018, the US government said on Tuesday, ahead of a meeting later this month at which OPEC and non-member producers will discuss extending supply cuts.

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  • French presidential contenders hold rival May Day rallies

    French presidential contenders hold rival May Day rallies

    Reacting to the violent scenes, Ms Le Pen said on Twitter: "This is the sort of mess. that I no longer want to see on our streets". But the war remains a hard area for Ms Le Pen. According to the French Interior Ministry, Macron won the first round with 24.01 percent of the votes, while Le Pen received 21.3 percent. Le Pen has repeatedly said that she wants to negotiate with the European Union to "restore monetary sovereignty to the French people" and would hold a referendum on whether ...

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  • Newell Brands Ups Forecast Amid Q1 Earnings Beat

    CSS LLC IL purchased a new position in shares of Newell Brands during the third quarter worth about $210,000. Growth in worldwide markets and e-commerce were key drivers for solid first quarter results at Newell Brands , company officials said.

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  • Man Sues American Airlines For Being Seated Next To 'Grossly Obese' Passengers

    Man Sues American Airlines For Being Seated Next To 'Grossly Obese' Passengers

    The Sydney Daily Telegraph reports that the man is seeking more than AU$100,000 (US$74,000) in damages from American Airlines. "If Michael is successful, this throws open the doors to potentially a large amount of cases against airlines and how they've designed their seating and how they seat passengers", said Shine Lawyers Transport Law Manager Thomas Janson.

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  • EPA's Pruitt recuses himself from environmental lawsuits

    A spokesman said EPA Administrator Scott Pruitt is considering replacing the scientists with representatives of industries whose pollution the agency regulates. Freire . Dropping experts who could challenge the scientific basis for his decisions might sound depressing, but it's wholly consistent with everything else we've seen so far.

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  • Analyst Earnings Forecast Scan: United States Steel Corporation (X)

    Analyst Earnings Forecast Scan: United States Steel Corporation (X)

    A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The firm's revenue was up 1.0% compared to the same quarter past year. The company is estimating to achieve earnings per share (EPS ) growth of 50.40% in this year and the earnings per share (EPS ) growth expected to be 9.36% in the next year.

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  • This airline just told Congress it will stop overbooking flights

    This airline just told Congress it will stop overbooking flights

    The hearing was Capitol Hill's first chance to grill airline executives since the violent removal of a passenger from a United Airlines flight last month sparked global outrage. "I've had the counter clerk be so hostile to me the point where she says 'don't ask me any more questions, i just don't know.'" Rep. Brenda Lawrence (D)-Mi.

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  • Berkshire Hathaway annual meeting

    Berkshire Hathaway Inc Chairman Warren Buffett fumed Saturday that health care costs are eating away at the US economy like "tapeworm" and said the Republican approach to overhaul Obamacare is a tax cut for the rich. Apple, which Buffett bought a stake in a year ago, accounts for about 5.5% of Berkshire's portfolio. Berkshire Hathaway still owns over 50 million shares of IBM and Buffett said he has stopped selling.

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  • 'Guardians' sequel blasts off to $17M on opening night

    'Guardians' sequel blasts off to $17M on opening night

    What does work magnificently is the emotional core of the movie as it digs much deeper into each of the characters . "They're doing Guardians of the Galaxy Vol. At times, it ventures into the same territory of The Matrix Revolutions with two super-powered beings just flying around and smashing each other like video game characters, albeit with much better graphics.

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  • Grizzlies look to even series at home vs. Spurs

    Aiding in the Game 3 effort was limiting Spurs' start Kawhi Leonard - who poured in 32 and 37 points in the first two games of the series - to just 18 points Thursday. With the Grizzlies playing incredible defensively, it has limited the ability for the Spurs to move the ball. Fizdale ripped the officiating after the Grizzlies' 96-82 loss to the Spurs on Monday night to fall behind 2-0 in the Western Conference first-round best-of-seven playoff series .

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  • Workers relieve pressure on leaking Alaska oil well

    No people were at the well when it burst, and no injuries have been reported. Environmentalists, describing the well as "out of control", called on the state to investigate. The accident was the worst oil spill in the North Slope, but thankfully does not even come close to the millions of barrels that the Macondo well gushed into the Gulf of Mexico in 2010 when the Deepwater Horizon rig exploded, killing 11.

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  • Global finance leaders grapple with globalization fears

    Global finance leaders grapple with globalization fears

    They argue that blocking free trade would hobble economic growth instead of saving jobs from foreign competition. World Bank President Jim Yong Kim said he was "very much aware of the fact that there are many who have not benefited from globalization, who are very angry at the fact that they have not benefited".

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  • UK prime minister defends decision to seek snap election

    UK prime minister defends decision to seek snap election

    It's about...getting the right deal from Europe". Former Treasury chief George Osborne, a leader of the losing campaign to keep Britain in the European Union, says he won't be a candidate in the June 8 elections. Britain's next national election is now scheduled for 2020, a year after the scheduled completion of two years of European Union exit talks. The House of Commons backed the poll by 522 votes to just 13.

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  • Canada's SNC-Lavalin to buy WS Atkins in C$3.6 bln deal

    Canada's SNC-Lavalin to buy WS Atkins in C$3.6 bln deal

    Subject to further approval, the acquisition, which will be funded through a combination of equity, debt issuance and a loan from CDPQ, is expected to be complete by September 2017. The company added: "SNC-Lavalin attaches great importance to the skills and experienceof the existing management and employees of Atkins and believes that they will benefit from enhanced career and business opportunities within the Combined Entity".

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  • U.S. crude oil stocks drop

    WTI tumbled 4% on Wednesday following a smaller than expected drawdown in oil inventories and the first jump in gasoline supplies in several months. Andrew Lipow, president of Lipow Oil Associates in Houston, said some in the market were concerned about the rapid recovery in shale production ."Perhaps the amount coming out of the ground might be more than we anticipate", he said.

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