Commodities
American drivers are set to reap unexpected savings for the summer vacation – cheaper gas. On Wednesday, oil made a huge plunge after a report indicated that supply was outpacing demand. The price of West Texas Intermediate (WTI) crude, considered the U.S. benchmark, fell 5%, or US$2.47 a barrel, to US$45.72, mirroring a similar plunge […]
... written on Jun 08 2017When two rich spoilt brats have nothing better to do, they will start fighting over lamest thing, such as who has the most friends or who has the most beautiful girlfriend. In the case of oil-rich Saudi Arabia, who had just rewarded anti-Muslim Trump with US$350 billion deals to buy U.S.’ friendship, they couldn’t wait […]
... written on Jun 07 2017All hell breaks loose when President Donald Trump announced the United States is withdrawing from the Paris Climate Agreement, one of former President Barack Obama’s remaining legacies. Almost immediately, Obama slams Trump, arguing that it is America’s loss, not other nations, for pulling out of the agreement. Mr. Trump’s decision to abandon the landmark […]
... written on Jun 03 2017Celebrity Victoria Beckham is said to own as many as 100 of such branded bags, which is believed to be worth £1.5 million (US$1.9 million; RM8.3 million). She was perhaps the first celebrity to own the mega-expensive Hermès Birkin Himalayan crocodile handbag, before Kim Kardashian follows the footstep. Other celebrities – Pamela Anderson, Lady Gaga, Catherine Zeta-Jones, Julia Roberts […]
... written on Jun 01 2017Do you know that May 22 is also known as “Bitcoin Pizza Day”? It was the date where Laszlo Hanyecz, a programmer, successfully traded his 10,000 units of digital currency bitcoin (BTC) for 2 Papa John’s pizzas. He posted on a bitcoin forum page – “I just want to report that I successfully traded 10,000 […]
... written on May 23 2017Facing the inevitable, Hong Kong’s Cathay Pacific Airways has finally executed the last thing every employee wants – retrenchment. Close to 600 jobs, its biggest in 20 years, are to be cut thanks to a combination of complacency, arrogance and mismanagement. Under the excuse of “challenging business environment”, the airline announced the humiliating restructuring. […]
... written on May 22 2017Oil has recovered slightly after the black gold hit US$44 a barrel last week – the lowest since August 2016. The sudden plunge on 5th May, however, had momentarily thrown OPEC into disarray and chaos. Saudi energy minister Khalid Al-Falih was forced to calm the market with an early warning that it is almost a […]
... written on May 13 2017OPEC’s strategy has not worked. Saudi Arabia is having cold sweat now. Crude oil price is hitting the lowest for the year 2017, just 2 bucks away from US$42 a barrel. Earlier, we wrote that for the second time for the year, the U.S. crude had broken below US$48 a barrel. The price is currently […]
... written on May 05 2017Two months ago, we were presented with a chance to witness oil price going down to US$42 a barrel, or lower. The more than 5% plunge on that Wednesday saw the price trading at its lowest for the year 2017 – from a high of US$52.92 to a low of US$50.05 – after the Energy […]
... written on May 03 2017Muslim countries, especially those that subscribe to Saudi Arabia’s Wahhabism, broadcasted and printed a piece of great news over the weekend. King Salman issued a royal decree restoring “all allowances, financial benefits, and bonuses” for civil servants and military personnel on Saturday. Saudi claimed it was due to a recovery in oil prices and internal […]
... written on Apr 25 2017
