Precious metals failed to find support from the emerging-market turmoil and as result went looking for support. The energy sector was mostly driven by the near-term outlook for US weather which created some extreme volatility in natural gas and supported heating oil.
Is California built out? Privately owned housing starts remain all-time record lows. Affordability continues to crush home buying but signs of lower prices loom.
One of the major signs of a tipping point in real estate includes rising inventory, falling sales, and a resistance to higher home prices. California has reached this level. Affordability is a major challenge with only one out of three families able to afford the median priced home in the state. What is interesting is […]
US Natural Gas futures for March delivery to $4.925 per MMBTU on Friday trading. Earlier the February contract had hit a high of $5.4 per MMBTU ahead of expiry. The U.S. EIA said in its weekly report that natural gas storage in the U.S. in the week ended January 24 fell by 230 billion cubic feet, missing expectations for a decline of 236 billion cubic feet.
China won’t face a hard landing as country’s earnings at industrial firms rose 12.2 percent in 2013, to surpass 6 trillion renminbi (around $1 trillion) and Chinese crude oil demand is expected to grow by 350 thousand b/d as well as its appetite for the PGMs remains high in 2014.
Beni Prasad Verma met with Simon Bridges, Minister of Energy and Resources, Government of New Zealand in Wellington on 30th January, 2014. During the deliberations he pushed for allocation of mineral assets on a Government to Government basis
Shahristani argues that Kurdish oil must be exported through the State Oil Marketing Organization (SOMO), a government-owned entity responsible for marketing Iraq’s oil. He reiterated that oil extracted from any region of Iraq, including Kurdistan, is the “property of the Iraqi people,” meaning that it is owned by the central government.
OMC’s said that OMCs will be losing Rs 7.40 per litre on diesel sales even after the price hike which will come into effect on February 1. This is the second time in a month diesel prices are being hiked.
The Denver Broncos are favored to win their third Super Bowl in franchise history. At most Las Vegas casinos, the AFC champions are giving the Seattle Seahawks 2.5 points.
Seattle has a very good chance to be victorious in Super Bowl XLVIII. They navigated the toughest division in football to lead the NFL with a 13-3 record, and faced two tough tests on their way to the big game. The NFC West champs had the best odds of winning it all for most of the playoffs, but betting public jumped on the Broncos when the two teams won their respective conference title games.
The Payback: Bangladesh Sentences Islamist Leader And 13 Others To Hang For Helping Assamese Separatists Smuggle Weapons
A court in Chittagong, Bangladesh, has sentenced 14 people – including the chief of the country’s top Islamic fundamentalist group and various former army and intelligence officers – to death by hanging for smuggling a huge cache of arms on behalf of the United Liberation Front of Assam (ULFA) 10 years ago.
A hitchhiking program in China calls on private car owners to offer free rides to their countrymen traveling during Chinese New Year, which is Friday, so that everyone can go home despite the near impossibility of being able to buy plane and train tickets during this time of year.
The yearly weeklong holiday, when Chinese travel across the nation to return to their hometowns, will see an estimated 3.62 billion passenger trips, 3.2 billion of which will be by car or bus. Trains will account for about 258 million trips – tickets have long been sold out.