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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
- Northern Oil and Gas to buy Williston basin assets from VEN BakkenNorthern Oil and Gas Inc., Minneapolis, has agreed to acquire from VEN Bakken LLC the company’s Williston basin assets for $165 million in cash, a $130 million 6% 3-year senior unsecured note due 2022, and some 5.6 million shares of Northern common stock.
- Qatar Petroleum tenders for 60-100 new LNG carriersQatar Petroleum issued an invitation to tender for construction of the LNG carrier fleet for its North Field Expansion project.
- US to end sanctions waivers for major Iranian oil importersThe White House confirmed on Monday morning that it will end all waivers from Iran sanctions when they expire on May 2.