All Posts Tagged With: "Saudi Arabia"
Saudi’s Fail In Bid To Slash Oil Price: Here’s Why It’s Time To Buy Oil
The mooted plan by Saudi Arabia to hike oil production in July by 200,000 barrels is marginal. It is not going to have a significant effect on the oil price. I am also not sure if it is true, after all it was UN head honcho Ban Ki Moon who revealed the plan and not the Saudis.
Oil Rallies as Roller Coaster Continues - Nigeria Moves to Stabilize Production
On the supply front, Nigeria’s president said the country’s state-owned oil company will take over operations in the Ogoni district of southern Nigeria from a Royal Dutch Shell joint venture. President Umaru Yar’Adua made the announcement after talks with French President Nicolas Sarkozy, saying that the move will “calm down” unrest among local residents.
Here’s Where to Find the World’s Most Interesting ETF
Last month, I stood inside a shovel the size of a two-car garage.
How Arabs Will Drive the Next Great Infrastructure Boom
For the past several years, the Pilbara Region of Western Australia has witnessed a boom like few mining districts have ever seen.
The Geopolitics of $130 Oil
Oil prices have risen dramatically over the past year. When they passed $100 a barrel, they hit new heights, expressed in dollars adjusted for inflation. As they passed $120 a barrel, they clearly began to have global impact.
Coal Delays at Dalrymple Lead to a Longer Boom
Coal Delays at Dalrymple Lead to a Longer Boom There’s nothing better than baring your icy feet to the warm jet of a fan-powered heater. So we were delighted when our boss walked in this morning with a spare fan-powered heater.
Saudi Arabia Pours Oil Investment into Australia
Now, here’s something a little different. The high oil price is driving up the price of shares mineral sands companies.
Mega Profits from the Oil Reserve 8 Times Bigger Than Saudi Arabia’s
Earlier this month, I questioned whether the recent spike in oil prices was a potential bubble. The price of crude has more than doubled in a year and there are some reasonable doubts whether oil can maintain these levels.
Crude Finally Pulls Back
In the energy market Thursday, crude for July delivery pulled back after breaching the $135 level in overnight electronic trading, closing at $130.80/barrel, down $2.36. July reformulated gasoline dipped 7.03 cents, to $3.3297/gallon.
A Giant Wave Of Money Is Headed Toward This Industry
Once in a great while, a sector trend becomes so strong, the rising tide lifts every boat in the industry.
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