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US Oil Drill

As global oil futures tumble, U.S. cash crude traders ask: What glut?

An unusual disconnect has emerged in the U.S. oil market, with headline futures slumping to levels below $90 a barrel even as traders in the physical crude market report surprisingly robust demand and strong pricing.

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Airport Cash Exchange

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.

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Singapore Airlines

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.

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China's Manufacturing Sector

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.

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Simi Valley Landfill and Recycling Center

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.

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Siemens to buy Dresser-Rand for $7.6 billion

Industrial conglomerate Siemens AG (SIEGn.DE) said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc (DRC.N) for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

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Liquefied Natural Gas (LNG)

Asian buyers of U.S. LNG dial back as exuberance dims

A looming gas glut worldwide is prompting Japanese and Indian firms to resell to European traders and utilities big chunks of U.S. liquefied natural gas they had committed to buy several years ago, signaling tempered enthusiasm for U.S. energy.

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Oil and Gas Exploration

Dollar's rally bad news for oil, multinationals

The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.

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Canoe Financial

Canoe 2014 Flow-Through LP Raises $51.4 Million

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.

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Saudi Aramco

Saudi Arabia joins shale gas economy

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.

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Euler Hermes

Euler Hermes predicts growth in UAE

Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.

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Rosneft continues business in Belarus despite diplomatic row

Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.

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Indian Oil

Oil consortium questions planned rescission of granted rights by Indian government

The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.

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Zambia to invest US$410 million in oil refinery to lower fuel costs

Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs.

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Oil plant

Russia to ramp up oil exports in Asia at Europe's expense

Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.

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