Tags: Oil

Dollar scales six-year peak vs. yen, euro struggle intensifies

The dollar rose above 110 yen for the first time in six years and held near a two-year peak against the euro on Wednesday, as investors added to bets that U.S. data will drive the Federal Reserve to tighten policy.


Asia airlines raise hedging volumes on oil price fall

Airlines in Asia are stepping up jet fuel hedge volumes after oil prices fell below $100 a barrel this month, with some locking in fuel purchases as far out as 2016, suggesting airlines see oil prices bottoming.

Asia braces for the worst from China factory survey

Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.

Philanthropies, including Rockefellers and Investors pledge $50 billion fossil fuel divestment

The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion from fossil fuel investments.


Latest News

Canoe Financial LP (the "Manager" or "Canoe") announced today that it has completed the second and final closing for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2014 Flow-Through LP (the "Partnership") in each of the provinces of Canada, except Quebec.
By utilizing shale gas reserves in the country, Saudi Arabia can use the now popular energy resource for local purposes and use its oil for exclusively for export purposes.
Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs. Christopher Yaluma, Zambia's Mines and Energy Minister, stated that the country planned to build an oil refinery worth US$410 million.
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
As part of India's ongoing campaign to attract investors, the Oil Minister approved the raising of natural gas prices.
After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.
The upbeat statistics on shares, bonds and oil continue to improve after US central banker's attempt to ease fear.
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