Commodities

Oil boom falls flat in Latin America, despite having a fifth of the world’s reserves

(Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude...

Eurasian Alliance Plans A Moscow World Standard To Destroy LBMA’s Monopoly In Precious Metals Pricing

Submitted by Ronan Manly, BullionStar.comTowards the end of July, news emerged in the Russian media that Moscow and a number of its Eurasian allies are now reviewing a proposal to create an entirely...

UK government must at least double wind turbine installation rate to meet goal, trade group says

The UK’s new government must double or even triple the rate of offshore wind turbine installations to meet its target of a four-fold increase in offshore renewable energy by 2030, according to a...

Lukoil chairman dies after falling from hospital window

(Bloomberg) — Lukoil PJSC Chairman Ravil Maganov died after falling from a window in a Moscow hospital, according to Russian media reports. ...

Shell ending upstream operations in California with sale of Aera Energy stake

Shell Offshore Inc., a subsidiary of Shell plc, will sell its 100% interest in Shell Onshore Ventures LLC to IKAV for about $2 billion, the company announced. Shell Onshore Ventures holds a 51.8% membership...

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