Other Commodities
Demand for Natural Gas to continue growing
The narrative "bridge fuel" for natural gas is replaced. However, the demand for natural gas is not that easy to replace. Natural gas - hailed just a few years ago as the fuel that will bridge the fossil fuel and renewable energy era - is now the target of …
Exxon is planning a 20 billion write off
In addition to the $ 10 billion cost savings, i. 30% of capital expenditures and 15% of cash operating expenses this year, Exxon (NYSE: XOM) sees a 15% downsizing worldwide by the end of 2021. Capital expenditures are seen at $ 16B- $ 19B for the next year and …
Saudi Arabia has apparently just lost 27 bn Dollar
The slump in oil prices is sapping $ 27.5 billion in oil revenue from Saudi Arabia this year, Saudi Crown Prince Mohammed bin Salman said on Friday, admitting current oil revenues are insufficient to cover the kingdom's salary bills. Saudi Arabia forecast last …
The current meeting of OPEC is making headlines
A last-minute OPEC + meeting in the run-up to the entire OPEC meeting from November 30th to December 1st has been postponed to Sunday. At the virtual meeting, OPEC is expected to postpone production cuts for an additional two to three months through 2021, but …
PDVSA tightening relationship to Russia
The head of the Venezuelan state oil company PDVSA, Asdrubal Chavez, and the Venezuelan Vice President and Economy Minister Delcy Rodriguez are visiting Russia today to "deepen strategic alliances," Reuters reported, citing a statement from the Venezuelan …
Rising copper prices are positive news for Turquoise Hill
Turquoise Hill (TRQ: TSX & NYSE) today announced that it had raised $ 264.4 million in the 3rd quarter, up 26.4% from $ 209.2 million in the 3rd quarter.
Petrobras is selling some of its Marlim Oil Fields assets
Petrobras (breeder's right + 4%) says it has offered for sale a 50% stake in its old deep-sea oil cluster, Marlim, in the Campos basin off the Brazilian coast.
Oil Price are back on their way to recovery
Crude Oil Extends (CL1: COM) Gains On News Of Moderna's Potent COVID-19 Vaccine; December WTI + 4.3% to $ 41.85 / bbl, January Brent + 3.7% to $ 44.36 / bbl. Prices were also supported by new data showing economic upswing in China and Japan, with Chinese …
Iran announcing completion of its South Pars Gas Field
The net present value of Iran's vast South Pars natural gas field has jumped from an estimated $ 116 billion at the time of last year to now $ 135 billion, according to a senior oil and gas industry source working closely with the Iranian Ministry of …
China´s boycott of Australian copper might backfire
An unofficial Chinese import ban on Australian copper concentrate imports could affect Chinese smelters in their negotiations with miners over benchmark treatment fees for 2021, traders and analysts said. Australian media reported that Chinese importers were …