Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat. A sudden surge in demand for supertankers drove benchmark charter rates 57 per cent higher in the two weeks through May 20. OPEC will have almost half a billion barrels of oil in transit to buyers at the start of June, the most this year, while analysts say about 20 million barrels is being stored on ships in another indication the glut has yet to dissipate. The Organization of
Swiss exports of gold to China dropped by around 67 percent in April to just 15.1 tonnes, according to figures published this morning by the Swiss Federal Customs Administration. The country’s overall exports of 143.9 tonnes of gold in April were down 36 percent on the March total, which UBS said in a note is in line with the recent slump in physical demand across the Asian markets in particular. “The more subdued export number might suggest demand in key physical markets is tapering off for now.
Continuing a string of chip asset purchases by Chinese firms, Beijing's JAC Capital is buying NXP's (NASDAQ:NXPI) RF Power unit (makes base station power amplifiers) for $1.8B in cash. The deal is expected to close in 2H15. NXP will use the proceeds to help pay for the $2B cash portion of its pending acquisition of Freescale (NYSE:FSL). With Freescale already a major player in the base station amplifier market, NXP had previously announced it would sell its RF unit to keep regulators happy. Pac Cre
The North American oil boom is proving resilient despite low oil prices, producer group OPEC said in its biggest and most detailed report this year, suggesting the global oil glut could persist for another two years. A draft report of OPEC's long-term strategy, seen by Reuters ahead of the cartel's policy meeting in Vienna next week, forecast crude supply from rival non-OPEC producers would grow at least until 2017. Sluggish global demand for oil means the call on OPEC's crude will fall from 30 mi
A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet. Through the second half of 2014, oil slid while the dollar rose, though market watchers viewed this inverse correlation as a coincidence. Oil's rout was fueled by a swelling global glut, the dollar's rise driven by European monetary easing and expectations of higher U.S. interest rates.
a leading business-to-consumer e-commerce company in China, today announced its unaudited financial results for the first quarter ended March 31, 2015. First Quarter 2015 Highlights Total net revenues for the first quarter of 2015 were RMB2,217.3 million ($357.7 million), a 27.7% increase from the corresponding period in 2014. Gross Merchandise Value ("GMV") from the marketplace in the first quarter of 2015 was RMB1,771.5 million ($285.8 million), a 49.4% increase from the corresponding period in
Investors are cautiously pulling money out of energy producers for the first time in eight months, taking short-term gains after oil rebounded from a six-year low. More than $1.55 bill... Full Story
is pleased to announce that the Company has arranged for a non-brokered private placement (the "Private Placement") of 9,375,000 units (the "Units") at a subscription ... Full Story
The ASX is up over 1% as the CAC is down more than -1%. They seemed to be discounting the US Q... Read More
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A great saying by my former Partner Bill Marshall. How true. With chagrin we’ve fallen i... Read More
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A Journey worth taking With the new leaders in the oil province Alberta, there are very few investors who feel excited about the future prospect of energy sector there. Many are ... Read More
Solid as a Rock – Rock Energy Oil price (WTI) has been back above $50USD/barrel since Apr 6, it’s very difficult to say what direction it will be heading next, but at this ... Read More
Dynacor getting strong support from its shareholder Dynacor Gold gets a mention by one of its major shareholder Trapeze, they have been holding their shares for a long time, the link i... Read More
The Canadian Investor Conference, previously the World Resource Investment Conference will be held at the Vancouver Convention Centre West. Three industries will come together for this 2-... Event Info
Join us at our 1st CETIC (Clean Energy and Technology Investment Conference) Vancouver 2015! Investments in the Clean Energy and Technology space have grown considerably since around... Event Info
Asante Gold Corp is an exploration stage company. The Company is engaged in the exploration and e...
Fission Uranium Corp is a uranium exploration company in Canada. It acquires, explores and develo...
Thunderstruck Resources is a Canadian mining exploration company with highly prospective VMS and ...