Tag Archives: crude
Dicker: Investing Opportunity in Refiners
NEW YORK (TheStreet) — I sat down with Jim Cramer today to discuss the International Energy Agency report and how it might translate into some actionable ideas. One idea for the long term is in refining. With the IEA calling for another 4 million barrels a day of crude supply coming on line in North America over the next five years, there will be an inevitable glut of crude that our demand just cannot use up. Continue reading
Rioting and rubble: What’s behind the turbulent times in Bangladesh?
Islamists rampaged in the streets of Bangladesh’s capital today, wielding sticks, stones, and crude explosives to protest the government’s refusal to institute an anti-blasphemy law. Continue reading
Energy stocks lead market lower in a broad slump
NEW YORK (AP) — Another slump in crude oil prices is pushing energy stocks sharply lower on Wall Street, setting off a broad decline. Continue reading
U.S. trade deficit narrows in February as crude oil imports drop
WASHINGTON (Reuters) – The U.S. trade gap narrowed unexpectedly in February as crude oil imports fell to their lowest level since March 1996 and overall exports increased slightly, a Commerce Department report on Friday showed Continue reading
Exxon has yet to excavate area of ruptured Arkansas oil pipeline
Exxon Mobil Corp said on Sunday that crews at the scene of its crude oil pipeline spill in Arkansas had yet to excavate the area of the breach to determine the cause. Continue reading
MIDEAST STOCKS – Factors to watch – Mar 31
DUBAI, March 31 (Reuters) – Here are factors that may affectMiddle East stock markets on Sunday. Reuters has not verifiedthe press reports and does not vouch for their accuracy. Continue reading
Salmon: How Helium Is Like Mortgages
NEW YORK (Reuters Blogs) — John Kemp might just have delivered the perfect John Kemp column yesterday: 1,700 words on an obscure commodity you probably didn’t even realize was a commodity. In this case, it’s a noble gas: The Federal Helium Reserve (yes, there’s a Federal Helium Reserve) is at risk of imminent shutdown, which in turn threatens everything from the semiconductor industry to MRI scanners. Already, at least one particle accelerator had to delay operations “because of problems obtaining fresh supplies of helium.” Kemp’s column is based in large part on a 17-page GAO report that includes the chart below, showing the seemingly inexorable rise in the price of refined helium Continue reading
MIDEAST STOCKS-Saudi stocks inch higher in early trade
0818GMT- Saudi stocks open slightly higher in early trade on Saturday. The all-share index rises 0.05 percent to 7178.75 points. Al Rajhi Bank, the kingdom’s largest listed lender, rises 0.38 percent. Continue reading
ASIA MARKETS: Asian Stocks Rally On Cyprus Deal News
Asian stocks rallied Monday as news that Cyprus and its international lenders reached a bailout agreement removed fears of the nation’s exit from the euro zone, also helping boost U.S. equity futures, the euro and crude-oil prices. Continue reading
U.S. regulators probing high-speed traders for "wash trades"
(Reuters) – U.S. futures regulators are looking into whether high-speed traders indulged in “wash trading,” a strategy in which they improperly buy and sell futures contracts without taking a position in the market, the Wall Street Journal reported, citing people familiar with the probes. The Commodity Futures Trading Commission (CFTC) is investigating suspected wash trades by high-speed firms in futures contracts tied to crude oil, precious metals, agricultural commodities and the Standard & Poor's 500 stock index, among other underlying instruments, the people told the Journal. Continue reading
