For the seventh consecutive month, Chinese demand for crude oil has increased by double digits over demand just one year ago. Demand in March grew by 12.8% year-over-year. The ... Read Full Story »
The BBC reports that crude traded over $85 on the first day after the Easter weekend reaching $85.31 a barrel for light crude. The news service identified the US jobs ... Read Full Story »
Reuters: A suicide bomber killed 37 in Moscow. Reuters: China sentenced Rio Tinto (RTP) executives in prison for ten years. Reuters: A JPMorgan $1.4 billion tax write-off faces FDIC scrutiny. Reuters: ... Read Full Story »
M&A activity picked up in the second half of 2009 as the market moved up and access to capital for big companies improved. Corporate debt offerings soared and banks began ... Read Full Story »
Markets in Asia were mixed. The Nikkei was up .4% to 10,023. Honda (NYSE:HMC) and Sony (NYSE:SNE) rose but Toyota (NYSE:TM) dropped. The Hang Seng fell .3% to 22,495. Sinopec ... Read Full Story »
There has been a heated argument for the last several years about when the world will start to run out of oil. The rate of oil production, after more than ... Read Full Story »
Markets in Asia were higher. The Nikkei rose .2% to 10,283. The Hang Seng was up 1.4% to 22,516. China Life (NYSE:LFC) and Sinpoc (NYSE:SNP) rose. The Shanghai Composite was ... Read Full Story »
Markets in Asia were mixed. The Nikkei rose .2% to 10,258. The Hang Seng fell .1% to 21,988. Petro China (NYSE:PTR) was up but Sinopec (NYSE:SNP) fell. The Shanghai Composite ... Read Full Story »
Markets in Asia were mixed. The Nikkei dropped .3% to 10,051. The Hang Seng moved up 1.7% to 21,839. PetroChina (NYSE:PTR) and Sinopec (NYSE:SNP) moved up on oil prices. The ... Read Full Story »
Markets in Asia were slightly down with Japan closed for a holiday. The Hang Seng was off .5% to 21,404. Sinopec (NYSE:SNP) was up slightly. The Shanghai Composite fell .6% ... Read Full Story »
Markets in Asia were mostly lower. The Nikkei fell 2.5% to 9,732. The Hang Seng dropped 2.6% to 20,415. HSBC (HBC) fell sharply. PetroChina (PTR) and Sinopec (SNP) also fell. ... Read Full Story »
Markets in Asia were narrowly mixed. The Nikkei was up .3% to 10,133. The Hang Seng was down .6% to 20,841. Sinopec (SNP) fell. The Shanghai Composite was up .9% ... Read Full Story »
Angola's state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon ... Read Full Story »
Markets in Asia were mixed. The Hang Seng rose .3% to 21,546. Sinopec (SNP) rose. The Shanghai Composite was down 2.3% to 2,898. At the open in Europe, the FTSE ... Read Full Story »
The Times of London claims that people within the British government turned over convicted Lockerbie bombing participant Abdelbaset Ali Mohmed al-Megrahi to Libya as part of an attempt to secure ... Read Full Story »