Saudi Arabia faces tough competition, keeps strategy in play
Apr 09, 2015 16:06 pm UTC| Insights & Views
Saudi oil minister Ali Al Naimi confirmed that Crude production of Saudi Arabia to remain elevated for the year as it will try to claw as much market share as early as possible. Crude production was reported to be 10.3...

Apr 09, 2015 16:01 pm UTC| Insights & Views
Latest poll as shown in the figure shows that Labour party is leading the poll but remains neck to neck with current ruling conservative party and probabilities are high that Scottish national party (SNP) might have the...

Apr 09, 2015 15:35 pm UTC| Insights & Views
Equities are mixed today, North American counterpart is lagging Europeans. Shredding some of the gains before FOMC minutes. Performance this week at a glance in chart table - SP 500 - US benchmark is once again...
Crude supply glut – Nigerian tankers in search of buyers
Apr 09, 2015 15:19 pm UTC| Insights & Views
Crude supply glut continue to persist in the market. According to plats ship tracking software cFlow, a wave of Nigerian crude tankers are heading for Europe in search of buyers. Greater supplies from Middle East, have...

Apr 09, 2015 14:54 pm UTC| Insights & Views
Energy segments performance is mixed today, oils are up while gas is down. Weekly performance at a glance in chart table Oil (WTI) - WTI is facing selling pressure since yesterday, as crude inventory continue to rise...

Commodities snapshot (precious & industrial)
Apr 09, 2015 14:30 pm UTC| Insights & Views
Metals performance are mixed in todays trading, precious pack is down while industrial remains up. Performance this week at a glance in chart table - Gold - Gold marginally lost grounds today, however maintaining well...

Lower coal price claims victims
Apr 09, 2015 13:12 pm UTC| Insights & Views
Central Appalachian metallurgical and thermal coal producer Xinergy and its 25 subsidiaries have filed for Chapter 11 bankruptcy in Virginia. Price of thermal coal, this year dropped below $50/ ton as demand from china...