Turkey Eyes US Fracking Methods For Its Own Shale Gas
September 23 2013 10:41 AM
Turkey has relied heavily on natural gas imports but now looks to develop its own energy resources.
US Oil Boom Fuels Increases In North American Rail Traffic
September 20 2013 9:31 AM
North American rail traffic is up and the North American oil boom could be the reason.
Turks Offer To Import Israeli Gas By Building Undersea Pipeline
September 16 2013 11:41 AM
Turkey's need for natural gas may help it get over its animosity toward Israel.
Germany Has A Lot Of Impressive Green Companies
September 13 2013 12:45 AM
In autos, capital goods, household products, insurance and software, publicly traded firms based in Germany dominated the 24-sector list.
Coal Glut At Indian Ports As Local Importers Refuse Delivery
September 12 2013 4:26 AM
Imported coal is piling up at Indian ports while key exporters such as Indonesia struggle to deal with the problems of its top buyer - India.
ASEAN Economies Feel Syrian Shock In Form Of Crude-Oil Costs
September 06 2013 5:45 AM
Rising global oil prices may keep oil-trade deficits and subsidy costs elevated for ASEAN economies.
Asian Economies Battling Weak Currencies Try To Cut Oil Import Costs
September 03 2013 6:30 AM
India, Malaysia and Indonesia resort to cuts in government subsidies and launch campaigns to reduce domestic demand for oil.
Global Mining Stocks Are Worth Buying
August 30 2013 1:00 PM
Major mining companies could actually be a wise investment for investors, contrary to appearances.
Myanmar, Where Have You 'Bean'?
August 30 2013 5:54 AM
Myanmar's bean industry is producing far below capacity, thanks to years of central planning under the former junta.
Exploring for Oil in Nicaragua: Friends in High Places
August 29 2013 1:10 PM
On 17 July, Nicaragua announced that US-based Noble Energy would invest $30 million in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration. The wells will be drilled in the Tyra and Isabel blocks, which have undergone nearly 5,000 kilometers of seismic surveying since 2011. But Nicaragua's first exploration will not go off without a hitch—namely, the revival of a nasty territorial dispute with Colombia, and another with Costa Rica.
Myanmar's Lofty Rice Production Goals
August 29 2013 8:38 AM
Once the world's top rice exporter, Myanmar is eager to get its throne back, perhaps too eager.
Gold Could Reach $3,500, Says Maverick Citi Analyst
August 29 2013 7:54 AM
From the staid and storied halls of the world's third-largest bank comes a wild and woolly prediction about gold.
Time for Investors to Hunker Down
August 27 2013 3:17 PM
It's time to step out from my 'normal' role as the 'energy expert' and make a comment or two on the markets in general, just as a professionatrader who's seen quite a bit in his almost 3 decades of daily experience with capital markets and the way they act. Patterns emerge that aren't foolproof, but they've served well over the years and they are making some very visceral noises to me, even observing the action at longer range on vacation.
US Maritime Industry Banking On The Panama Canal Expansion?
August 27 2013 6:06 AM
Looks like the U.S. maritime industry is doing pretty well for itself and may even get a boost in the coming years.
Oil prices firm in overnight trading
August 23 2013 8:50 AM
Oil prices are in positive territory heading into the last trading session of the week with everything in the complex setting up for a negative week. Supply issues remain in the forefront as the main price catalyst for the complex with mostly positive macroeconomic news hitting the media airwaves. That said the US FOMC meeting minutes raised concern in the marketplace over an early tapering of the massive quantitative easing program currently in play in the US. Many interpreted the minutes as tapering could begin as early as next month. This view has permeated throughout the market sentiment since mid-week and has resulted in light selling in most risk asset markets.
Here's All You Need To Know About Scotch
August 22 2013 10:34 AM
The Scottish Whisky -- and no, there's no "e" -- industry grows every year despite not really changing.
Oil prices drifting lower ahead of EIA report
August 21 2013 8:49 AM
Oil prices are drifting lower ahead of this morning's EIA oil inventory report as well as this afternoon's release of the minutes from the last US Fed FOMC meeting. Last night's API report was mixed with draws in crude oil and gasoline and a build in distillate fuel (see below for more details). The market has been retracing this week in spite of the ongoing supply issues in Libya and now in Iraq. Yesterday the strikes in Libya ratcheted up once again with violence in one of the ports and moves to head off attempts by strikers to sell oil themselves at the largest crude oil terminal according to a report by Reuters. However, the Libyan oil ministry said yesterday that two terminals are ready to resume exports. A mixed picture coming from Libya but one that is still evolving.
NG prices regaining its footing on warm weather
August 21 2013 8:40 AM
Although the spot Nat Gas contract made a pass at the lower range support level in overnight trading the market has since reversed and is now higher on the session after failing to remain below the technical support level of $3.415/mmbtu. With the tropics completely uneventful and the nuclear power sector running at relatively normal levels the only upside price driver for the Nat Gas market will be the weather as the tail end of the summer evolves.
Global Mining Companies Are Booking Huge Write-downs
August 20 2013 3:25 PM
Falling metals prices, especially for gold and copper, have forced mining companies to take big write-downs.
NG prices holding in new trading range
August 20 2013 10:05 AM
Nat Gas futures are trading either side of the unchanged level as trading just gets underway in the US. The spot contract broke out of its trading channel to the upside yesterday and so far has remained above the old resistance or now new support level of $3.415/mmbtu. The next resistance level is around the $3.56/mmbtu area. Yesterday's breakout was a combination of supportive short term weather forecasts along with technical buying.