The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.
Crude oil Mining News
Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.
Pierre Andurand said the current reluctance of energy companies to invest in new production meant $300 a barrel was "not impossible" within a few years.
Indonesian coal buyers holding back orders of fuel after government issued new shipping rules for coal and crude palm oil that restricts exports to vessels.
The Green Party wants to create New Zealand’s largest marine mammal sanctuary in order to stop extractive activities in the South Taranaki Bight
For the last five years, crude oil has been behaving a little differently than it has in the past.
So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil and gas.
Today’s infographic comes from Eurocontrol Technics Group, and it highlights the global problem of fuel theft.
Morgan Stanley’s warning that production from the new wells being drilled could prompt a reversal of forecasts that U.S. crude production is falling and will continue to fall.
Consumer-facing financial technology companies may benefit from lower prices at the pump, while certain business development companies have come under pressure as the energy sector suffers.
Volumes remain high in the bullion markets and volatility is higher if anything.
As most of you probably know, I have been expecting the CRB to form a major three year cycle low sometime next summer. However I’m now starting to see some things that might indicate that major cycle bottom is going to occur earlier than I expected.
The price of light crude oil recently broke through the $100.00-per-barrel mark for the first time this year.
In a country that celebrates “Oil Industry Nationalization Day,” the energy package approved last night has automatically become Mexico’s most significant and controversial economic reform since the NAFTA.
Likely to open up the country’s oil industry to private investment for the first time in 75 years.
The good news was that our short trade on the equities market was up 10% from our entry point last week. The bad news was that the stock market overseas was selling off big and so were US stocks. It was a black Monday in both the sky and on the screen…