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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
- Court orders DOS to conduct supplemental EIS for Keystone XL projectA federal court judge has ordered the US State Department to conduct a supplemental EIS for the proposed Keystone XL crude oil pipeline to consider the Mainline Alternative route that Nebraska’s Public Service Commission approved. But Judge Brian Morris, of US District Court for Montana’s Great Falls Division, did not vacate the presidential border-crossing permit […]
- New bottleneck due for North American hydrocarbon supplyAnother hydrocarbon bottleneck is taking shape in North America.
- Northern Gulf’s rival takeover bid for Tap Oil rejectedIndependent directors of Perth-based Tap Oil Ltd. have rejected an unsolicited indicative, conditional, and nonbinding takeover proposal from Thailand-based Northern Gulf Petroleum Holdings Ltd. that rivals the earlier offer from Singapore company Risco Energy Investments (SEA) Ltd. Both companies are existing shareholders of Tap Oil.