ExxonMobil’s recent oil discovery off the coast of Guyana has reignited the country’s 200-year border conflict with Venezuela.
Not all stocks got hurt in the Black Monday bloodbath. Here’s a few precious metals stocks that avoided the carnage to post gains.
The Wall Street Journal reported today that big companies are shifting towards more developed nations for their oil and gas exploration projects. For companies like Shell (NYSE:RDS.A) and Exxon Mobil (NYSE:XOM), higher costs and tighter regulations are balanced by the benefit of political stability, according to the Journal.
In May, US Energy Secretary Ernest Moniz said that the Obama administration is considering lifting the country’s crude export ban. Interestingly, a report from IHS suggests that the US could stand to reap multiple benefits from the rule change, including the addition of up to nearly 1 million jobs in
China’s recent foray into South China Sea oil exploration territory seems to have come out of nowhere.
Sanctions imposed on Russia by the United States were less harsh than expected, but the intertwining of Russia’s Rosneft with other international oil companies highlights Russia’s importance in the oil market.
A Joint Review Panel may have recommended that Canada’s federal government approve the Northern Gateway Project, but British Columbians have not been so accepting of the pipeline. On Saturday, residents of Kitimat voted against Enbridge’s project in a non-binding plebiscite.
Coal Investing News recently spoke with David Schwedel, founder and lead investor of Coalview, about why it’s important to recover coal fines and how it’s done. He also touches on why he believes a positive future is in store for the much-maligned fuel.
Positive economic news and hints of interest rate cuts in Europe supported oil and copper prices this week, while central banks and buyers of gold bars and coins gave the yellow metal a much-needed lift.
As global oil demand and prices continue to rise, an increasing number of exploration and production companies are choosing to focus their efforts on West Africa. Boasting some of the world’s highest-potential oil and gas reserves, this region is becoming increasingly attractive to investors.
Growing stockpiles pressured copper and oil prices, while TransCanada started signing up clients for a new pipeline that could help ease the glut of oil coming out of Western Canada.
The US Geological Survey estimates that the coastal areas of Mozambique and Tanzania could hold more than 250 trillion cubic feet of gas. After decades of being overshadowed by other gas-rich areas, this Southern African nation is proving a rich hunting ground for natural gas exploration.