Commodities
For the first time in 40 years, a ship loaded with U.S. crude oil set sail for foreign shores Thursday. The mission: to sell the black gold to an international trading company Vitol Group, a Dutch oil-trading powerhouse. The Bahamian oil tanker – Theo T – departed from the Port of Corpus Christi, about 160 miles […]
... written on Jan 04 2016Brent Crude Oil is trading just slightly above US$36 a barrel, forming a resistance-support at US$38-US$36 level. If today is somewhere June-2014, roughly one and a half year ago, and I were to tell you that global oil prices would tumble by 50% to US$60 a barrel; you would probably laugh to your death. Likewise, […]
... written on Jan 01 2016Many think Germany is Europe’s hardest working country and Japan is the champion in Asia while Americans work the longest hour in both North and South America continents. After all, these countries are the wealthiest. Surprisingly, all three of them do not even qualify for the top-10 most hardworking countries on planet Earth. The […]
... written on Dec 29 2015Finally, Federal Reserve Chair Janet Yellen found her spine when she raises rates for the first time since 2006. For as long as one can remember, she has been accused of delaying interest rate hikes – deliberately – to protect big boss President Obama so that businesses could be stretched for survival and unemployment kept […]
... written on Dec 17 2015Next year will be a tough year. Control Risks, the global business risk consultancy, said the year 2016 will be a challenging year for businesses. Published on Monday, its RiskMap highlights the problems – Terrorism, Middle Eastern Instability, Cyber-Risk, Chinese Economy in Transition and European Financial and Political Uncertainties. As Russia flexes its military muscles […]
... written on Dec 15 2015On 3rd Dec, 2014, gasoline was selling as low as US$1.98 in the United States. An Oncue Express station in Oklahoma City was selling the gasoline for US$1.99 a gallon, the first one to drop below US$2 in the U.S. since July 30, 2010. That was roughly about £1.27 or RM6.86 a gallon (3.785 litres). In terms of […]
... written on Dec 13 2015Crude oil futures tumbled to their lowest in nearly 7 years on Monday after OPEC failed to address a growing supply glut. Brent and U.S. crude futures fell as much as 6% in reaction to the Organization of the Petroleum Exporting Countries’ (OPEC) policy meeting on Friday which ended without an agreement to lower production. […]
... written on Dec 08 2015United States and Turkey’s secret business partner – ISIS – is a very rich terror institution. The Islamic State was generating about US$50 million every month through selling crude oil from oil fields the extremist group controls in Iraq and Syria. ISIS controls more than 60% of Syria’s oil production capacity and about 10% of […]
... written on Dec 01 2015Hollande, desperately looking for new tools to fight ISIS, made an unprecedented move today when his country invoked a never-before-used article of the EU’s Lisbon Treaty obliging 28-members of the bloc to give “aid and assistance by all the means in their power” to a victim member country – France. Both Barack Hussein Obama […]
... written on Nov 18 2015After damning reports released by World Health Organisation (WHO) labelling bacon, burgers, ham, sausages and other processed meats as the culprits for causing cancers, all hell breaks loose. After all, since the accusation came from WHO, the perception is it must be true. Essentially, these delicious meats are placed in the same category as asbestos, […]
... written on Oct 27 2015
