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How Long Will the Gold Rally Last?

How Long Will the Gold Rally Last?

Precious metal prices surge, particularly…

Is a Full-Blown Trade War Between the U.S. and China Looming?

Is a Full-Blown Trade War Between the U.S. and China Looming?

Western trade restrictions on China's…

News

Saudi Stock Market Prepares New Rules For Aramco Listing

Saudi Stock Market Prepares New Rules For Aramco Listing

Mar 30, 2018 at 09:10 | Irina Slav

New financial market rules aimed at preventing major price drops in newly listed companies on Saudi Arabia’s Tadawul exchange will be ready by the end of this June, in anticipation…

Big Oil Expresses Interest In 11 Iraqi Oil & Gas Fields

Big Oil Expresses Interest In 11 Iraqi Oil & Gas Fields

Mar 29, 2018 at 18:27 | Tsvetana Paraskova

Sixteen companies—including Big Oil’s Exxon, Chevron, and Total—have expressed interest in taking part in Iraq’s bidding round on April 15, which will award the rights to develop 11 oil…

Big Oil Rushes To Brazil Despite Expropriation Fears

Big Oil Rushes To Brazil Despite Expropriation Fears

Mar 29, 2018 at 18:12 | Tsvetana Paraskova

The largest international oil companies will be vying on Thursday to grab acreage next to Brazil’s coveted offshore pre-salt layer, despite a last-minute court decision that removed two blocks…

Iraq’s Oil Reserves May Be Much Higher Than Thought

Iraq’s Oil Reserves May Be Much Higher Than Thought

Mar 29, 2018 at 18:03 | Irina Slav

Iraq’s crude oil reserves may turn out to be much higher than believed, the country’s oil minister Jabar al-Luaibi said at a recent industry event, timing the statement with…

China’s New Oil Futures Face Volatility Fears

China’s New Oil Futures Face Volatility Fears

Mar 29, 2018 at 15:17 | Irina Slav

It has been a hectic three days for the newly launched Chinese crude oil futures on the Shanghai Exchange, with the contract plunging heavily yesterday after a mass selloff.…

JP Morgan Sees Oil Prices Fall Back To $50

JP Morgan Sees Oil Prices Fall Back To $50

Mar 29, 2018 at 14:19 | Tsvetana Paraskova

Surging U.S. shale production, coupled with a breakeven oil price duel between OPEC and international oil majors, will likely drive oil prices back to the low $50s in the medium…

As Trade War Heats Up, China Hints at Early ‘Petro-Yuan’

As Trade War Heats Up, China Hints at Early ‘Petro-Yuan’

Mar 29, 2018 at 13:35 | Tsvetana Paraskova

In its efforts to make its currency more international and break the U.S. dollar’s global dominance, China is in the early stages of preparing to paying for oil imports in…

Judge: Saudi Arabia Must Stand Trial For 9/11

Judge: Saudi Arabia Must Stand Trial For 9/11

Mar 29, 2018 at 12:01 | Irina Slav

The chances of Aramco listing in New York just slumped to close to zero after a U.S. District Judge in Manhattan ruled against Riyadh’s bid to dismiss a series…

Court Allows Tesla Shareholders To Proceed With SolarCity Lawsuit

Court Allows Tesla Shareholders To Proceed With SolarCity Lawsuit

Mar 29, 2018 at 11:27 | Tsvetana Paraskova

A Delaware court on Wednesday allowed Tesla shareholders to move forward with a lawsuit claiming that Elon Musk and Tesla’s board used their influence and reputation to dupe shareholders…

Rio Tinto Dumps $4B In Coal Assets

Rio Tinto Dumps $4B In Coal Assets

Mar 29, 2018 at 08:42 | Safehaven.com

Just as a new government in Australia looks set to breathe fresh life into the coal industry, mining giant Rio Tinto has finalized its exit agreement from the controversial natural…

Venezuela Tries To Pay Russian Debt With Cryptocurrency

Venezuela Tries To Pay Russian Debt With Cryptocurrency

Mar 28, 2018 at 17:35 | Tsvetana Paraskova

If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it…

Lukoil Value Pushes Past Russian State-Owned Giants

Lukoil Value Pushes Past Russian State-Owned Giants

Mar 28, 2018 at 17:17 | Tsvetana Paraskova

Lukoil, Russia’s second-largest oil producer by output, now enjoys the highest market capitalization of any Russian energy company, after overtaking state-controlled giants Gazprom and Rosneft on Wednesday. At the…

U.S. Oil & Gas Exports Hit All-Time High

U.S. Oil & Gas Exports Hit All-Time High

Mar 28, 2018 at 14:20 | Tsvetana Paraskova

U.S. energy exports rose to record levels last year, with both petroleum and natural gas posting record-highs as the shale boom and the second full year of no restrictions on…

Washington Sells 7 Million Barrels Of SPR Crude

Washington Sells 7 Million Barrels Of SPR Crude

Mar 28, 2018 at 12:31 | Irina Slav

The department of Energy has sold seven million barrels of crude oil from the Strategic Petroleum Reserve to at least five buyers at prices of WTI plus US$1.50 to…

OPEC Backs Very Long-Term Saudi-Russia Oil Deal

OPEC Backs Very Long-Term Saudi-Russia Oil Deal

Mar 28, 2018 at 11:39 | Tsvetana Paraskova

OPEC is looking to forge a “very long-term” cooperation with non-OPEC producers, the cartel’s Secretary General Mohammad Barkindo said on Wednesday, lending further credence to the news that Saudi…

Iran-Iraq Oil Swap Deal Starts In 2 Weeks

Iran-Iraq Oil Swap Deal Starts In 2 Weeks

Mar 28, 2018 at 11:19 | Irina Slav

Shipments of Kirkuk crude oil to Iran under an oil swap deal will begin in two weeks, Alaa al-Yasiri, head of Iraq’s oil marketing company SOMO has said, adding…

Tesla Nose Dives On Downgrade, Fatal Crash

Tesla Nose Dives On Downgrade, Fatal Crash

Mar 28, 2018 at 09:01 | Irina Slav

Moody’s is downgrading Tesla’s corporate family rating to B3 from B2 and cutting its outlook on the company to Negative from Neutral in a blow made more severe by…

Oil Falls After API Reports Major Surprise Crude Inventory Build

Oil Falls After API Reports Major Surprise Crude Inventory Build

Mar 27, 2018 at 16:11 | Julianne Geiger

The American Petroleum Institute (API) has reported a major surprise build of 5.321 million barrels of U.S. crude oil inventories for the week ending March 23, with the market expected…

Germany Approves Russia-Led Nord Stream 2 Gas Pipeline

Germany Approves Russia-Led Nord Stream 2 Gas Pipeline

Mar 27, 2018 at 14:27 | Tsvetana Paraskova

Germany approved on Tuesday the construction and operation of the Russia-led Nord Stream 2 gas pipeline in its territorial waters, thus issuing all necessary permits for the German section…

GM Korea Faces Ultimatum: Bankruptcy Or Investment

GM Korea Faces Ultimatum: Bankruptcy Or Investment

Mar 27, 2018 at 12:33 | Irina Slav

GM Korea is preparing to file for bankruptcy if the management fails to reach an agreement with the company’s local labor union over a restructuring program that has to…

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