Tag Archive | "Commodities"

Gulf course

Big oil has not written off the Gulf of Mexico, despite the BP spill

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OMV pays €1bn for control of Petrol Ofisi

The Austrian oil and gas group is to take full control of Petrol Ofisi, Turkey’s biggest chain of petrol stations, for €1bn

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Hallmarking of gold as quality assurance stuck in logjam

The government’s scheme for mandatory hallmarking of gold ornaments as an assurance of quality is stuck in legal wrangles for a decade now.

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Gold, silver recovers on fresh demand

Gold prices recovered smartly at the bullion market here today due to fresh buying from stockists and traders amidst local buying support.

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PetroVietnam eyes BP assets

PetroVietnam is considering taking up its right to buy BP’s assets in Vietnam, potentially scuppering a $1.8bn deal the UK oil group has agreed with TNK-BP, its Russian joint venture

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Ghana move for Kosmos oilfield stake

The Ghana National Petroleum Company has approached Kosmos Energy about buying a stake in its Jubilee oilfield for about $4bn by using a bridging loan

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Runaway commodity prices reach highs

Analysts and investors fear bubble, with the finger of blame pointed at Ben Bernanke, wh has inflated markets by raising the prospect of further QE

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Prospect of G20 currency accord weighs on gold

The precious metal has hit a series of record high prices in the past month on the back of concerns of a growing ‘currency war’ among the world’s central banks

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Asia’s largest gold refinery to come up in next 6 months: MMTC

Asia’s largest gold refinery built jointly by state-owned MMTC and Switzerland’s PAMP at an estimated investment of Rs 200 crore in Haryana is likely to go on stream by this fiscal end.

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Trafigura offloads $400m Peru stake

The world’s second largest metals trader has sold a major stake in lead and zinc miner Volcan Compañía Minera to local investors

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