Corn Numbers Surprise Markets, Guide Phosphate
Potash – Initial spring crop numbers are giving markets — and phosphate producers — an early indication of just how big the expected American corn and soybean crops will be this year.
Articles Tagged "Saudi Arabia"
OPEC Oil Output Drops to Lowest Since Late 2011
Oil – OPEC crude oil output is on course to reach its lowest since October 2011 this month as discontent in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
Oil Market Update (March 12, 2013)
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Economics and Water Security Drive Nuclear Power Push in Middle East
Uranium – Acquiring potable water resources and maximizing the value of oil and gas resources are the two most salient reasons for the push toward nuclear power generation in the Middle East.
Oil Futures Fall on Hedge Fund Asset Liquidation Talks
Oil – Reuters reported that crude oil futures slumped on Wednesday, diving more than $2 per barrel as rumors about a hedge fund being forced to sell out positions across commodities spread.
Fracking Threatens OPEC Dominance on US Oil Production Surge
Oil – Bloomberg reported that a surge in United States oil production has led to the country’s biggest output level in over 2 decades, thus threatening OPEC dominance.
Iran Oil Exports to Asia Falls, Shipments to Drop 12% in 2013 on US Sanctions
Oil – Reuters reported that Iran’s crude exports to Asia, which is its biggest customer, went down by a quarter in 2012 and shipments are expected to fall to at least 12% this year due to pressure from US sanctions.
Uranium Market Activity Slow, but Nuclear Renaissance Strong
Uranium – Germany's views on the nuclear renaissance may have flipped, but nations like China, France, Argentina, Bangladesh and even oil-rich Saudi Arabia are staying the course.
Brent Crude Oil Moves to $112 on Weak Dollar, Product Strength
Oil – Reuters reported that Brent-US crude oil rose to $112 a barrel on Monday, as a result of a stronger gasoline and diesel market, a weak U.S. dollar, as well as investors weighing in on a statement from Saudi Arabia, which disputed claims that the country has altered its output policy.
Saudi Arabia Needs to Assess Oil Subsidies: Former Adviser
Oil – Bloomberg reported economist and energy consultant, Mohammad Al-Sabban, has said Saudi Arabia must review its $43B a year domestic subsidy bill.
