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Category: Market Update
Economic weakness out of Europe coupled with strong job data out of the U.S. has the dollar soaring against the Euro. As a result of a strong dollar, the commodities markets are selling off aggressively as investors take risk off the table including the global equity markets. In addition, weakness out of Europe, China’s biggest...
Latest News
- Christian elected chairman of Texas RRCCommissioner Wayne Christian was unanimously elected chairman of the Texas Railroad Commission.
- Lancaster oil shipments start off the UKHurricane Energy PLC has sold the first cargo of crude oil from the early production system on Lancaster field in the West of Shetland area offshore the UK. Hurricane says Lancaster is the UK’s first producing basement field.
- Anadarko sanctions Mozambique LNG projectAnadarko Petroleum has formally sanctioned its Mozambican LNG project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes/year. Feed gas comes from Golfinho-Atum field in Offshore Area 1 where Anadarko and its partners have discovered 75 tcf of recoverable […]