Intro Logical level up, but also very important fact to be aware of: Electric vehicles market is boosting growth, the new technologies are entering the big door everywhere. Firstly, the use of batteries is pushing base metals demand from across the sea. South32, australian-based miner buoyed by an 8-fold leap in annual profit. Secondly, mining […]
Wednesday, the 23rd of august – Top 5 things to be aware of: Trump’s policy focusing on different fronts Worldwide manufacturing data shows resilience; U.S. in focus Mario Draghi avoids policy indication ahead of Jackson Hole Risk interested wavers standing in front of Central Bankers Oil prices trading lower Volatility of Metals Metal prices […]
Intro Indonesian Energy Minister announced on Tuesday that Indonesia highly expects to conclude the deals with Freeport McMoRan Inc. About operating in one of their biggest copper mines in Papua. The cooperation should take place in the upcoming decades. The country’s mining and energy minister announced these ideas. Speaking about the U.S. deals with Indonesia, […]
Who lightened the area? Firstly, if we observe the subject closely, it is inviting to consider BHP Billiton as the one who gouged into demands by Elliott Advisors. As well they seem to have together agreed about selling BHP’s U.S. onshore oil & gas business. The main thing to mention is that in an […]
Top 5 things to know today – global markets: War games start on Korean peninsula Renewed U.S.-North Korea tensions causing global stocks slide Dollar still remains defensive on U.S. political tensions Oil started the week a few percents lower Maersk sells oil unit to Total for $7.5B as M&A heats up For detailed info on […]
Statoil is Norwegian state oil company. It stopped drilling in the Barents Sea in the Arctic region. Right after the court gave away the temporary warrant in a technology dispute with a small Norwegian firm. What did exactly happen? Norwegian company Neo Drill said the technology which Stat Oil was using is based on its […]
Important to know on May 29th: Global stocks drift in thin trade; U.S., U.K., China closed Dollar steady in quiet trade; British pound jumps Oil dips as traders weigh U.S. drilling, OPEC cuts Mario Draghi takes center stage North Korea fires another ballistic missile Iron Ore Market Western Australian state officials are going […]
Asian markets trade today Major markets are closed today, due to holiday. Asian markets were moving flat, after the North Korea’s latest ballistic missile. North Korea tested the ninth missile this year. It has fired the missile near the country’s cost. It landed in the Sea of Japan. Before landing, the missile was in the […]
Short recollection: This Friday, oil futures leveled higher. Recovering from the previous 5% drop which was the consequence of higher market expectations related to OPEC. Currently, traders are trying to refresh their attitude about Oil market and OPEC’s further steps. The U.S. West Texas Intermediate crude July contract came on 90 cents. In percentage, that would be […]
At the beginning , they ignored each other. After a while, they went into a bruising fight. Now, finally, they are talking, although with opposing agendas. The evolution of the relationship between OPEC and the United States oil industry now lasts for about 5 years. 5 years ago, OPEC discovered it has a rival emerging […]