Storing a Bet on Higher Oil Prices A global scramble for oil-storage facilities is boosting profitability and the share prices of both storage operators and the companies that build new capacity.
Oil Prices Inch Higher Crude futures made tentative gains as the dollar weakened against a basket of major currencies, but trade was thin due to public holidays in the U.S. and U.K.
Adrok Group, a Scottish company that believes it can save the oil and gas industry millions of pounds through its geological imaging technology, has signed a deal to expand into the Middle East.
East Timor Prime Minister Xanana Gusmao is prepared to block the multi-billion dollar Timor Sea development of the Greater Sunrise gas field by Australia s Woodside Petroleum , a report said on Monday.
The Algerian president made a surprise Cabinet reshuffle on Friday, kicking out his longtime ally Chakib Khelil, a former OPEC chief, from the Energy Ministry amid a growing corruption scandal in the North African country s oil and natural gas industries.
SUGAR DROP: Sugar fell nearly 5 percent Friday amid expectations that the global supply will be plentiful for the first time in about two years. The price has fallen about 51 percent from a 29-year high in early February.
Sugar prices plummeted nearly 5 percent Friday amid expectations that global supplies will be plentiful for the first time in about two years.