Oil Price Roulette: Investors Bet On $100 Oil
Oil prices are rising and speculators are already staking out bullish positions on futures for the next few months, but some traders are rolling the dice on a much bigger Continue Reading
Sovereign-Wealth Funds Threatened by Government Spending
Kazakh President Nursultan Nazarbayev says the country’s sovereign-wealth fund has the money to help wean the central Asian nation off its dependence on oil revenues and build an economy of Continue Reading
Iran says it sealed Boeing plane deal at half price
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing ( BA.N ) airliners in an order that the American planemaker Continue Reading
Algeria’s Sonatrach to Boost Output 20% With New Projects
Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Continue Reading
Israel Battles Fire at Oil Refinery in Haifa, Roads Blocked
Firefighters are battling a blaze that erupted in a fuel tank at the Oil Refineries Ltd. facility in the northern city of Haifa, police said. No injuries were reported. The Continue Reading
China’s war on smog sends shivers across commodities sector
China’s crackdown on exhaust-spewing factories that shut or slashed output this week at sites including steel mills, textile and cement factories and coal-fired power plants will ripple across major bulk Continue Reading
Could Santa’s Sleigh Go Electric?
Indeed, it’s time to give Santa’s reindeer a break, so this year, rumor has it, they’re just along for the ride as Santa goes electric, pleasing both the animal welfare Continue Reading
Finding Work For The World’s Largest LNG Ship
It is not just individual investors that are having to be patient and bide their time waiting for energy sector investments to pay off. Many corporations are making long term Continue Reading
The Overstated Impact Of Trump On Oil
With Donald Trump set to enter the White House and OPEC having agreed to production cuts, analysts are focused on how the global oil industry and prices will be impacted Continue Reading
Oil Edges Higher
Crude oil prices edged higher on Friday, as traders closed out bets on falling prices ahead of the holiday break. U.S. crude futures rose 7 cents, or 01.3%, to $53.02 Continue Reading