Search Results for: oil
Dollar rises as Brussels attacks weaken European currencies
March 23rd, 2016
Dollar rises as euro weakens; yen rises on risk aversion Sterling off 1 pct on fears of rising ‘Brexit’ possibility Dollar index extends rebound from five-month trough The dollar rose on Tuesday as the euro and sterling weakened following ...
Saudis to take control of largest U.S. refinery
March 22nd, 2016
The crown jewel among America’s oil refiners may soon be owned by Saudi Arabia. Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to take full control of the sprawling Port Arthur, Texas refinery. ...
Asia mixed in quiet trading session, with Nikkei up 1.9%
March 22nd, 2016
Asia markets were mixed in a quiet session on Tuesday, with a weaker yen buoying Japanese stocks while Chinese stocks gave up some of their Monday gains. Japan’s Nikkei 225, which reopened after a public holiday Monday, closed up 323.74 ...
Iraq exports first natural gas shipment in its history
March 21st, 2016
Iraq has exported the first shipment of natural gas in its history, a key development for the OPEC member. The move revives a long-sought ambition by Iraq to be a gas exporter, thanks to a joint venture with Anglo-Dutch ...
HSBC: These are the 12 questions clients are asking about commodities
March 21st, 2016
Commodities have had a rough ride for past 12 months, hit by falling demand from China as its economy slows. The plunge in prices has hit miners and traders, such as Glencore, as well as entire economies, like Venezuela, ...
Why Investing In Silver Is Vastly Superior To Investing In Gold Right Now
March 21st, 2016
When panic and fear dominate financial markets, gold and silver both tend to rapidly rise in price. We witnessed this during the last financial crisis, and it is starting to happen again. Because I am the publisher of a ...
Non-Opec member Oman yet to be invited to Doha meeting
March 21st, 2016
Oman has said it’s yet to receive an invite to a historic meeting of oil producers, where they’re expected to discuss freezing output to support prices. This is despite Oman being the largest non-opec oil producer in the Middle ...
Asia mixed, with Chinese markets leading the way
March 21st, 2016
Chinese markets stood out in a mixed trading session in Asia on Monday, with many market watchers predicting a quiet week ahead in the absence of major economic data from the U.S. and China, and with many markets off ...
Vladimir Putin Starts His Own Ratings Firm
March 18th, 2016
Moody’s, Fitch forced to stop national ratings under new rules Kremlin had condemned barrage of downgrades as political Vladimir Putin’s homegrown credit-ratings firm is up and running and foreign competitors are already feeling the heat. In the past three ...
Shell, Saudi Aramco Plan to Break Up Motiva Partnership
March 17th, 2016
Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, putting ownership of the biggest refinery in the U.S. in ...
