|Day's Range||107.500 - 108.550|
From Amazon rainforests to the Arctic Circle, indigenous peoples are leveraging ancestral knowhow to protect habitats that have sustained them for hundreds and even thousands of years, according to a landmark UN assessment of biodiversity released Monday. Whether it is logging, agribusiness and cattle ranching in the tropics, or climate change warming the poles twice as fast as the global average, an unrelenting economic juggernaut fuelled by coal, oil and gas is ravaging the natural world, the grim report found. A million of Earth's estimated eight million species are at risk of extinction, and an area of tropical forest five times the size of England has been destroyed since 2014.
The US on Monday said it planned to beef up its Arctic presence to keep Russia's and China's "aggressive behaviour" in check in the resource-rich region. "The region has become an arena of global power and competition" owing to vast reserves of oil, gas, minerals and fish stocks, US Secretary of State Mike Pompeo warned in a speech in Rovaniemi, northern Finland. "Just because the Arctic is a place of wilderness does not mean it should become a place of lawlessness," he said.
As what can be seen as a disruptive, but logical step in the evolution of NOCs such as Aramco and ADNOC, the Middle East oil & gas giants are now making a move into the commodity trading business
Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector. Geneva-based Trafigura estimates the value of the global petrochemical market at $729 billion and growing. The joint venture will have two units - one in Houston and the other in Geneva - with a focus on bulk liquid chemicals such as sulphur byproducts from smelting rather than typical petrochemicals that are used in plastics.
Emerging markets are scooping up gold , and it could be good news for gold prices and investors. The Numbers Recent data from The People’s Bank of China indicates China boosted its gold reserves to 60.62 ...
Cotulla (United States) (AFP) - Small town Cotulla, a self-proclaimed "hotel capital" in Texas oil country, is riding high on the recent recovery in crude prices.
By CCN: Iceland has been a hotbed for bitcoin mining for years, fueled by its cheap geothermal power. However, the Nordic island nation is pumping the brakes on more crypto mining as it seeks to thwart accelerating energy demand. Last year, Icelandic authorities targeted crypto miners for higher taxes amid the industry’s huge electricity consumption. Now, it seems that a growing organic movement within the country sees mining expansion as a potential environmental hazard, too. Bitcoin miners are increasingly viewed as an existential threat to Iceland’s unrivaled and largely untouched countryside, according to an Al-Jazeera special report. A coalition of environmentalists,
Located in the Gulf of Mexico, 300 km south of Louisiana, the field's current production rate is 71,000 barrels per day of oil equivalent, with 90 percent of the output being oil. The Caesar Tonga field has 30 more years of life and assuming no change in the rate of production, Delek's interest reflects 78 million barrels of oil equivalent reserves, Delek, Israel's government-owned gas retailer, said. As part of the deal, Delek will sign a long-term agreement with a Shell affiliate to purchase oil produced from the field for 30 years at either market prices or prices matched to third-party offers.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Goldcorp Inc shareholders have voted ...
SHANGHAI/SINGAPORE, April 5 (Reuters) - China's independent gas distributor and terminal operator ENN Group is beefing up its global business via new supply deals for liquefied natural gas (LNG) to meet strong Chinese demand and to grow its young trading team, a company executive said. ENN said on Friday it signed a heads of agreement (HOA) for 10 years of supply from Australia's Woodside Petroleum, the fourth supply pact the private company has announced so far. ENN started up its first LNG import facility in China in October.
Towering piles of oil, tyres, biscuits, microwaves and toilet paper filled a small and damp Johannesburg basement -- all destined for Zimbabwe. Within 48 hours, each shipment is delivered to addresses in Zimbabwe after being "couriered" over the frontier, sometimes illicitly. As Zimbabwe's economic situation has dramatically deteriorated, pushing inflation above 50 percent, shortages of household essentials have become widespread.
SINGAPORE (Reuters) - Exxon Mobil Corp has hired former BP crude oil trader Ruddin Dhilawala, to further boost its trading capabilities in Singapore, two sources familiar with the matter told Reuters on ...
Regtech startup Coinfirm has found that only 26 percent of crypto exchanges have a "high" level of anti-money laundering procedures.
Iowa and Nebraska, the two states hit hardest by recent flooding, are home to 40% of the country's ethanol production capacity.
Brazil's farm minister said on Wednesday that a U.S. agreement to conduct further inspections on the country's meatpacking system is a step toward reopening the United States to fresh Brazilian beef, but is not sufficient. The statements from Agriculture Minister Tereza Cristina Dias came after a visit to Washington alongside Brazilian President Jair Bolsonaro as the new president seeks to boost his relationship with the Trump administration. On Tuesday, Brazil announced a tariff-free quota for wheat imports and steps toward allowing U.S. pork imports.
Investing.com - Oil prices rose to four-month highs on Thursday, pushed up by ongoing supply cuts led by OPEC and as data showed U.S. output slowed last week, boosting optimism that a global surplus is shrinking.
British Prime Minister Theresa May says Parliament will vote Thursday on whether to seek a delay to Britain's March 29 departure from the European Union. President Donald Trump has issued an emergency order grounding all Boeing 737 Max 8 aircraft in the wake of a crash of an Ethiopian airliner that killed 157 people, a reversal for the U.S. after federal aviation regulators had maintained it had no data to show the jets are unsafe. The decision came hours after Canada joined some 40 other countries in barring the Max 8 from its airspace.
Brits found out how many members of parliament thought the economic carnage that comes with abruptly quitting the EU was worth the price.
Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. For instance, the new agreement allows 99 percent of Australia's goods to enter Indonesia tariff-free, or under "significantly improved or preferential arrangements," and 100 percent of Indonesia's goods to enter Australia tariff-free.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell on Monday, retreating from their highest level in ...