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Will US Gasoline Demand Rise in 2016 and 2017?

Total production in the United States, including crude and other forms, is expected to drop to an average of 13.6 million barrels a day this year, a drop of nearly 3% compared to 2015, according to the report. Brent crude, used to price global oils, lost 3 cents at $44.95 per barrel in London. Still, the outlook for oil prices faces "high uncertainty", the agency said.

Business

4 killed as wildfires driven by heat and wind wrack Portugal

Forest fires have been ravaging parts of Portugal since last Saturday, when strong winds and high temperatures swept across the country, and have stretched resources to the limit. Albuquerque said officials suspect the fire was started deliberately and police have made two arrests. Flames licked at homes around Funchal, casting a smoke plume over the downtown, according to video broadcast by cable news channel S.I.C Noticias.

Business

Fijian flyers run All Blacks Sevens off the park

New Zealand will be without Sonny Bill Williams for the rest of Rio 2016, but the All Black is positive despite an Achilles injury. "We have to forget about winning our first game and do our best against Kenya" on Wednesday. Making it more memorable, it was the first day in 92 years of men's rugby competition at the Summer Games. The Canadian women lost in the semi-finals to Australia on August 8, and went on to play Great Britain for the bronze later that day.

Business

Trump hints Clinton should be shot at

The former congresswoman who was almost killed alongside a federal judge reacted to that. As Hayden noted, we've got insane people out there. "They may provide inspiration or permission for those bent on bloodshed". Said her campaign manager, Robby Mook: "This is simple - what Trump is saying is unsafe". Dan Rather, formerly of CBS Evening News , took to Facebook in a scathing rant after Donald Trump implied that people with guns could stop Hillary Clinton as president from appointing ...

Business

Labour leadership: Jeremy Corbyn's odds cut after first hustings with Owen Smith

Two campaigners from the New Fathers For Justice pressure group are protesting on the roof of Jeremy Corbyn's London home and refusing to move until he talks to them about their rights. Mr Corbyn won the backing of the party's official youth wing, Young Labour, whose national committee voted by 15-8 to nominate him for re-election.

Business

Trump responds to controversy over 2nd Amendment comments: 'Give me a break'

But if Trump knew precisely what his words suggested, than he is something else. Rather also says "history is watching" those who denounce Trump's comments , but continue to support the candidate. Clinton publicly condemned Trump's remarks as promoting violence. The former secretary of state called out Mr Trump for his recent row with the family of a fallen American Muslim soldier, which the military refers to as a Gold Star family.

Business

Telstra to invest $3bn in network, digitisation to lift customer services

It also revealed it would hand $1.5 billion back to shareholders through a $1.25 billion off-market share buy-back and a $250 million on-market share buy-back. "And these caused disruptions for a significant number of our customers. We have taken extensive and end to end reviews of the networks involving global experts and independent experts".

Business

Walmart scoops up Jet.com to better battle Amazon

As part of the deal, which Wal-Mart expects to close this year upon regulatory approval, Wal-Mart and Jet.com will maintain separate brands - for now. The deal was signed Friday and is expected to be announced Monday, TechCrunch reported. By acquiring Jet.com, "Wal-Mart is trying to short-circuit the [e-commerce] learning curve", Britt Beemer, founder of America's Research Group, told the Los Angeles Times.

Business

Crude oil futures fall on weak Asian cues

July, and it now sees demand growth of 1.22 million barrels a day. Brent crude futures LCOc1 settled down 93 cents, or 2 percent, at $44.05. Traders said markets were being weighed down by an ongoing supply overhang in crude and refined fuel products, and that a suggested meeting by oil producers was unlikely to result in significant market tightening.

Business

Clinton woos Republicans, independents fed up with Trump

Trump says he was merely talking about the political power of gun-rights advocates and the National Rifle Association to defeat Hillary Clinton. The Clinton campaign boasted Wednesday of almost 50 endorsements from Independents and Republicans, including three former cabinet secretaries, six current or former congressmen (including Shay), six former ambassadors, five military leaders and 20 senior GOP administration officials, who all decided at one point or another that Trump was ...

Business

U.S. gun rights defenders could deal with Clinton

But new and damaging revelations concerning Clinton's emails are not the only recent developments that threatens to damage her campaign prospects. Trump in Fayetteville on Tuesday. It's hard to know what Trump expects gun-wielding people do to stop the President of the United States from doing something , but perhaps we can check in with the ghosts of John Wilkes Booth and Lee Harvey Oswald? The father of the man behind the Orlando nightclub massacre that killed 49 people attended one ...

Business

Delta CEO on outage, efforts to 'win back' passengers

While rare, airlines do have computer outages from time to time. "Our people are hitting it out of the park, delivering on our promise to be a safe and reliable airline and making canceling cancellations a reality", said West in a news release at the time trumpeting its record.

Business

Rajan Says Attacks on Him Abominable, Was Open to Extension

Rajan ended his preliminary comments on a jovial note, saying he or the RBI do not send any emails offering huge sums of money to ordinary citizens even though the central bank prints plenty of it. The most recent change was to move towards a new liquidity framework. "So the culture of cleaning seems to be well embedded as well as the culture of recovery of some of the loans".

Business

Exelon buy NY's FitzPatrick nuclear plant for $110M

Under the deal totaling $110 million, New Orleans, Louisiana-based Entergy would transfer FitzPatrick's operating license to Chicago, Illinois-based Exelon, according to a joint news release that Entergy issued Tuesday. Exelon, which runs the nearby Nine Mile Point reactors, had said any deal would be contingent on NY adopting a subsidy plan for nuclear reactors that compensates them for their clean emissions.

Business

Marathon Oil (MRO) Stock Falls as Oil Prices Slide

The 10-year United Kingdom gilts yield was at 0.577 after hitting a fresh record low of 0.563 percent after the BoE fell 52 million pounds ($68 million) short of its target to buy more than 1 billion pounds of long-dated United Kingdom government debt.

Business

Tesla is buying Elon Musk's SolarCity for $2.6 billion

In addition to the luxury electric vehicles it has become known for, Tesla also manufactures a home energy storage system created to complement renewable power generators such as solar cells. Shares of Tesla rose 0.2% to $235.31 in premarket trade, while those of SolarCity plunged 6.2% to $25.05. Tesla also said combining the two companies would reduce hardware, manufacturing and installation expenses, while also lowering the cost of finding new customers - something that has been a ...

Business

Tesla to acquire SolarCity for $2.6 billion

The company is ramping up the production of batteries for its cars as well as its Powerwall and Powerpack electricity storage devices at its $5 billion Gigafactory 1 facility in Nevada. SolarCity's shares have been valued at $25.37 per share. Tesla's chief executive officer, Elon Musk, laid out the company's plan for larger electric vehicles and car-sharing last month.

Business

Oil eases on oversupply as calls for producer talks draw scepticism`

Organization of Petroleum Exporting Countries ( OPEC ) forecasts in 2017 daily demand for oil will increase by 0.09 mln barrels/day and to reach a record high - 95.41 mln barrels/day. OPEC , which controls more than a third of the world's oil supply, said its July crude production was up by 46,000 barrels a day from June, to 33.11 million barrels, on higher output from Iraq and Saudi Arabia.

Business

Crude Oil Stuck Below USD43, US Inventories Seen Rising

The region saw a large uptick in imports of gasoline blending components (a refinery output) week over week, which could partially explain why refineries were run at such low capacity. There is evidence that oil market speculators are making increasingly bearish bets on crude prices and positioning accordingly. Oil prices fell on Wednesday after a surprise build in US crude inventories, while the dollar gave up recent gains as investors awaited direction on a potential interest rate hike.

Business

Delta says more flights canceled Wednesday

Flights were resuming Tuesday morning at Narita, but Delta spokeswoman Hiroko Okada said some more delays were expected. Having your flight delayed is bad enough, but when an airline cancels the flight entirely - leaving passengers stranded in its wake - it is the beginning of a nightmare.

Business

Modi govt to states: Ratify GST Bill this month

Asked about the Congress' stand in the Lok Sabha, senior party leader Jyotiraditya Scindia told BusinessLine: "The GST concept was introduced by the Congress, but the NDA government frittered away the advantages of GST". He said that the state would gain on the services side since it would get a share in the service tax though it would lose on VAT file. Isaac said the state expressed its criticism stating some clauses ran contrary to the consensus arrived at the Empowered Committee.

Business

States lobby for GST rate of over 20% to curb revenue loss

The ruling Bharatiya Janata Party (BJP) has also issued a whip asking its members to be present in the house. "The short-term sovereign credit implications of the GST bill will be limited, given that effective implementation will take some time, and as the GST rates are likely to be chosen as revenue neutral", Moody's said on Friday.

Business

AIADMK Walkout Help BJP To Pass GST Bill In Rajya Sabha

The GST Bill proposes to remove the multiple indirect taxes across the nation and instead, levy a single tax on the supply of goods and services both, right from the manufacturer to the consumer . NDA leaders are also banking on West Bengal chief minister Mamata Banerjee, Odisha chief minister Naveen Patnaik and Bihar chief minister to call a special sitting of the assembly and ratify the constitutional amendment.

Business

Green, not gold, color of day at Olympic diving pool

Rio spokesman Mario Andrada said he believed that a "proliferation of algae" had been to blame at the Maria Lenk Aquatics Center, while worldwide diving chiefs claimed to be unaware what had created the problem. It's not really risky. The weird change happened just before the women's diving competition got underway in the Maria Lenk Aquatic Center. An Associated Press report published before the Opening Ceremonies stated that athletes competing in non-treated water were at a 99 ...

Business

Delta power outage exposes tech weaknesses

In a video message posted to Twitter CEO Ed Bastian said: "I apologise for the challenges this has created for you with your travel experience at Delta". Airlines have been packing more people in each plane, so when a major carrier has a technology crash it's harder to find seats for the waylaid. Customers traveling should check the status of their flight at delta.com or the Fly Delta App, the company said.

Business

Vail Resorts buying Whistler Blackcomb

That compares with about 5,300 skiable acres at Vail Mountain Resort. Plenty big: 8,171 acres; 2.7 million visitors last season; two mountains connected by a gondola that runs for 1.88 miles through the air without a support; 37 lifts that can carry almost 70,000 skiers an hour to more than 200 marked runs; not one but two 7-mile-long runs; a 5,280-foot vertical spread on Blackcomb Mountain; an average of 461 inches of snow annually; 17 restaurants on the mountains.

Business

Clinton urges Congress to reconvene, pass Zika bill

Pregnant women should not travel to areas with Zika, and those living in Zika zones should avoid the biting mosquitoes that carry and spread the disease. "We don't know for sure, but we think there's a problem with the motor neurons. and that the damage is probably because of the virus", she said in a telephone interview.

Business

Vikings agree to 4-year contract extension with long snapper

Zimmer was the Bengals' defensive coordinator for six seasons under Marvin Lewis before the Vikings hired him as their coach in 2014. Smith wore that number at Huffman High School and Alabama and during seven National Football League seasons with the Cincinnati Bengals.

Business

Vikings Want to Represent Zimmer Well in Practices with Bengals

Former Cincinnatitackle Andre Smith , now a Minnesota Vikings, is pictured here prior to a game against the Baltimore Ravens previous year. From 2009-13, Smith's first five years with Cincinnati , Zimmer was the Bengals defensive coordinator.

Business

Asia stocks flat, oil retreats

Al-Sada said the volatility and drop in prices was a result of "weaker refinery margins, inventory overhang - particularly of product stocks, timing of Brexit and its impact on the financial futures markets, including that of crude oil". "Expectation of higher crude oil demand in the third and fourth quarters of 2016, coupled with decrease in availability, is leading the analysts to conclude that the current bear market is only temporary and oil price would increase during later part of ...

Business

How Many Mid-Con Energy Partners LP (NASDAQ:MCEP)'s Analysts Are Bullish?

The mean price target for the shares of company is at $17.46 while the highest price target suggested by the analysts is $23.00 and low price target is $7.00. CHK market capitalization is 3.29B with 4400 employees. The company reported the earnings of $0.23/Share in the last quarter where the estimated EPS by analysts was $0.29/share.

Business

Islamic State taken off Iraq, Syria battlefields

He said he contacted the Kurdish YPG through Facebook and arranged to have himself smuggled into Syria, where he received two weeks of training and was sent to the front lines. "If it weren't for the strikes and the heavy artillery (given to the Iraqi army by the coalition), we would still be up in the mountains", Peshmerga solider Ayoub Khaylani said.

Business

United States election could be rigged

Stone similarly told Milo Yiannopoulous of Breitbart that if there is an "illegitimate" election, then there will be "widespread civil disobedience" and "it will be a bloodbath". He spoke for almost an hour in Columbus , but did not mention his criticism of Khizr and Ghazala Khan, American Muslims whose son was killed fighting for the US Army in Iraq in 2004.

Business

Delta Cancels More Flights After Computer Outage

Dayton International Airport has seen plenty of long lines, delays and cancelled flights in the last 48 hours; all thanks to a power outage on Monday in Atlanta . That's on top of 1,000 cancellations and 2,800 delayed flights Monday. Delta's CEO has apologized for the inconvenience . Delta also extended its travel waiver for customers traveling on August 9.

Business

Valeant Pharmaceuticals International's (VRX) "Neutral" Rating Reaffirmed at BTIG Research

The total money flow in Valeant Pharmaceuticals International (VRX) was negative ($9.53 million), which signals selling by the traders on Tuesdays session. With a return potential of 121.5%, the stock's consensus target price stands at $61.50. Stock futures pointed to a slightly higher opening for Canada's main stock index on Wednesday as bullion prices rose following weak USA productivity data in the previous session.


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