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Posts tagged ‘Australia & New Zealand’

WTI Falls a Fifth Day Before OPEC Meets as United Arab Emirates U.A.E. Sees Weakness

West Texas Intermediate crude fell a fifth day, the longest run of declines this year, as the United Arab Emirates said global demand will stay “relatively weak.” OPEC is forecast to keep its supply target unchanged on May 31.
Futures slid as much as 1 percent in New York after capping a… Africa, Asia, Australia & New Zealand, China, Commodities, Eastern Europe, Energy Industry, energy markets, Germany, India & Pakistan, Middle East, United Arab Emirates

Australia Lures $21 Billion Bet on Coal Rebound: Energy Markets deter GVK Group and Adani Enterprises Ltd. (ADE)

Coal’s worst slump in seven years has failed to deter GVK Group and Adani Enterprises Ltd. (ADE) from pressing ahead with a $21 billion bet on Australia’s Galilee Basin as other companies shelve projects amid rising costs.
GVK, controlled by India’s GV Krishna Reddy, plans to have… Adani Enterprises Ltd. (ADE), Australia & New Zealand, Australia Lures, Commodities, Energy, Energy Industry, energy markets, Environment, France, Italy, Stocks, Sustainability

WTI Heads for Biggest Weekly Decline in a Month on Supply

West Texas Intermediate headed for its biggest weekly drop in more than a month amid signs of rising U.S. oil inventories and a global economic slowdown.
Futures slid as much as 1 percent in New York. Prices may decline next week amid speculation that U.S. fuel supplies will be sufficient to… Australia & New Zealand, Canada, Commodities, Energy Industry, India & Pakistan, Latin America, Middle East

WTI Crude Drops a Third Day After Biggest Slide in Three Weeks biggest decline in three weeks as U.S. gasoline

West Texas Intermediate oil fell for a third day, extending the biggest decline in three weeks as U.S. gasoline stockpiles unexpectedly gained and crude supplies dropped less than forecast.
Futures slid as much as 0.5 percent in New York after losing 2 percent yesterday, the most since May 1…. Australia & New Zealand, Commodities, Energy Industry, energy markets, India & Pakistan, U.S. gasoline

Oil-Fixing Probe Accelerates as EU Asks Traders for Help University of Houston’s Global Energy Management Institute,

The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
Glencore Xstrata, Gunvor and Vitol Group, which aren’t under investigation,… Australia & New Zealand, Commodities, Eastern Europe, Energy, Energy Industry, energy markets, Europe, France, Germany, Italy, Law, Sustainability

Crude Rises on Stimulus Speculation projected filed for unemployment benefits and U.S. consumer prices decreased.

West Texas Intermediate crude rose on speculation that central banks will bolster stimulus after more Americans than projected filed for unemployment benefits and U.S. consumer prices decreased.
Futures climbed 0.9 percent as Labor Department figures showed that jobless claims exceeded… Australia & New Zealand, Commodities, Crude Rises, energy markets, India & Pakistan, Middle East, Stimulus Speculation projected filed, U.S. consumer prices decreased, unemployment benefits

Crude Advances to One-Month High as U.S. Payroll Gains est Texas Intermediate crude surged to the highest level in a month as U.S. employment

West Texas Intermediate crude surged to the highest level in a month as U.S. employment rose more than forecast in April, stoking speculation that demand in the world’s biggest oil-consuming country will increase.
Prices capped a second weekly advance after the Labor Department said nonfarm… Australia & New Zealand, Chicago., Commodities, Energy Industry, energy markets, Middle East

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