Oil Trades Near $48 a Barrel as Brexit Spurs Market Volatility
Pound decreases further as demand for haven assets boosts gold EU exit combined with output gain may send crude lower: Russia Oil traded near $48 a barrel as the market Continue Reading
Oil extends decline as Brexit concerns linger
Oil prices dropped around half a percent on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in global markets on Friday amid Continue Reading
Big Oil Faces Looming Threat from Climate-Conscious Investors
Bank financing of fossil fuel and mining projects is “undermining” the recently signed Paris climate accord. This is according to “$horting the Climate: Fossil Fuel Finance Report 2016” issued by Continue Reading
Crescent Sees $11 Billion Kurdish Gas Claim Resolved This Year
This Year U.A.E.-based company seeks damages over Middle East gas deals Separate hearing in Iran arbitration case set for October Crescent Petroleum Co., an oil and natural gas producer from Continue Reading
Nigeria: Again, Red Scorpions Blow Shell Pipeline in Imo
For the second time in a week, a new militant group in Imo State, the Red Scorpions, yesterday, may have bombed an oil pipeline belonging to Shell Petroleum Development Oil Continue Reading
Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises
Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises Country’s crude production as high as 1.9m b/d two days ago Output should rise to 2.2m b/d in July if Continue Reading
Niger Delta Avengers urge Nigeria’s Buhari to visit southern oil hub
The Niger Delta Avengers, a Nigerian militant group which has claimed responsibility for a series of attacks on oil facilities in the country’s southern energy hub, has urged President Muhammadu Continue Reading
Panama opens canal extension, only a dozen heads of state attend
A cargo ship is pictured crossing through the Miraflores locks, a day before the inauguration of the Panama Canal Expansion project, in Panama City, Panama June 25, 2016. Panama opened Continue Reading
China aims to cut steel capacity by 45 million tonnes in 2016: state planner
A labourer marks steel bars at a steel and iron factory in Huai’an, Jiangsu province, February 18, 2008. China plans to cut its steel production capacity this year by 45 Continue Reading
Post-Brexit dollar surge presents Fed with new conundrum
As Federal Reserve officials anxiously scan the aftershocks of the Brexit vote in the coming days, the reaction of the US dollar in currency markets will be front and centre Continue Reading