CATEGORY: Commodity

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Oil: increases production in April

Crude retraces from highs in in the wake of increased production in the Middle East which overshadows the output decline US and a falling dollar [...]

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USD/CAD prepares to attack weekly S1

FOMC statement used to have little impact on behaviour of the USD CAD currency pair which fixed a minimal four-pip decrease in daily value over [...]

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BP first quarter earnings fall of 80 percent

BP  british oil company reported an  percent year on year fall in core earnings for the first quarter but the result was better than analysts [...]

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Saudi Arabia wants to create the largest sovereign fund in the world

The government of Saudi Arabia is ready for the creation of a sovereign wealth fund that would make it independent from oil Mohammed ben Salmane [...]

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Catastrophic Swiss Trade Balance, Swiss Pharma performing strongly

Switzerland published its March Trade Balance this morning and this one was catastrophic The figure came out at CHF bn vs CHF bn previously Switzerland [...]

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Mexico: Pemex Eni-meeting, from December are scheduled to commence drilling activities

The managing director of the state company Pemex Mexican José Antonio González Anaya met yesterday in Mexico City her equal role of Eni Claudio Descalzi [...]

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Precious Metals and Equities moving alongside

Precious metals are again attracting a lot of attention with Gold and Silver futures long positioning reaching the highest level since according to CFTC data [...]

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Oil, fails the super summit in Doha

The marathon negotiations in Doha is of no effect the agreement to freeze the production of oil has not been reached After a long standoff [...]

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Russia and Saudi Arabia, plan for oil production

Russia and Saudi Arabia have reached a consensus on the plan to freeze the oil production even leaving aside the Iran Participation This was stated [...]

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Wells Fargo energy investment unit faces losses

Well Fargo was one the shareholders of Cubic Energy Inc which bankruptcy plan took effect on March  the Dallas-based oil and gas company wiped out The bank had a [...]

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