In a recent report,US based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years,as this factor is among the most important ones when it comes to ship owning operating costs. ...
Tags: average bunker prices, Arts, Crafts, Mcquilling Services
The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices
Reuters reported that Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab ...
Tags: audi Arabia, oil prices, oil market, infrastructure projects
“The most valuable commodity I know of is information.” (Gordon Gecko in “Wall Street” by Oliver Stone) Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the ...
Tags: Commodities, Metallurgy, Mineral
Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...
Tags: Saudi Market, Rallies, Fiscal Deal
Russia’s LUKoil has said it has cut its oil production plan in Iraq by almost a third, in line with the local government’s plans to increase the lifetime of its oilfields, reports Al Arabiya. Andrei Kuzyayev, head of LUKoil ...
Tags: Iraq, oil production plan, oil output, oil industry
Same and next-day gas prices on the UK's NBP trading hub were valued below 61.00 pence/therm on the last trading day of the year, around 7 pence down on the start of the month. The within-day contract was valued at 60.50 p/th at 1200 ...
Tags: gas prices, gas market, UK, gasd indusrty
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
Japan imported 6.66 million mt of LNG in November, almost stable from October, when imports were recorded at 6.67 million mt, customs data released Thursday by the Ministry of Finance showed. However, LNG imports were down 4.5% from ...
Tags: Japan, LNG, LNG imports, Japan economy
WITH just one trading day left this year, the sharemarket climbed to a 19-month high yesterday as stronger iron ore, copper and oil prices boosted miners, and investors bought shares in anticipation that US politicians can reach a deal to ...
The West's energy agency said that Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid also predicting comfortable oil supply levels which could alleviate oil price pressures on consumers. The ...
Tags: oil, oil demand, oil supply, oil price
South Korea's oil refiners are likely to face tougher challenges in coming years as President-elect Park Geun-Hye vows consumer-focused policies and tighter business regulations under her economic democratization platform. Park, from ...
Tags: South Korea, oil refiners, economic democratization platform, oil
Tehran Times cited Mr Rostam Qasemi Oil minister of Iranian as saying that OPEC will hold an extraordinary meeting if oil prices come down below USD 100. Mr Qasemi said that''According to projections,oil prices will remain higher than ...
Tags: Opec, Mineral, cut production ceiling
Oil prices in the global markets have risen amid news of a decline in US petroleum inventories, with Brent North Sea crude for February climbing USD 1.52 to end at USD 110.36 per barrel in London trade. AFP reported said that oil prices ...
Tags: Oil, prices, global markets, US petroleum inventories
IntercontinentalExchange's planned acquisition of NYSE Euronext, announced Thursday, will expand opportunities for trading between energy and equity products as well as give control of successful agricultural products to the Atlanta-based ...
Tags: IntercontinentalExchange, energy, equity products, agricultural products