oil

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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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 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 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 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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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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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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India hikes natural gas price to attract investors

As part of India's ongoing campaign to attract investors, the Oil Minister approved the raising of natural gas prices.

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China-Pakistan bond strengthen after pipeline investment

After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.

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Bonds, oil, shares boost as Fed worries relieve

The upbeat statistics on shares, bonds and oil continue to improve after US central banker's attempt to ease fear.

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Thai PTT plans on investing billions on Myanmar

PTT CEO announced his plan on investing billions of dollars in Myanmar.

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Grupo BTG Buys Petrobras African Interests

Grupo BTG purchases Petrobras oil interests in Africa.

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Canadian loonie drops against dollar

A decline in oil prices weakend the Canadian dollar against most of its trading partners, including its number one customer, the United States.

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