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Commodities
World Oil

Russians decide against selling Iraqi oilfield to China

By Khalid Al-Ansary on 8/1/2021 (Bloomberg) – Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company for

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Commodities
World Oil

Ghana seeks $1.7B loan to acquire and develop oil and gas assets

By Moses Mozart Dzawu, Ekow Dontoh and Yinka Ibukun on 8/2/2021 (Bloomberg) –Ghana is seeking parliamentary approval to borrow as much as $1.65 billion to accelerate oil and gas exploration by acquiring and developing assets. The investment push comes after Exxon Mobil Corp. pulled out

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Commodities
World Oil

Oil prices fall on declining Chinese factory output

By Jessica Summers on 8/2/2021 (Bloomberg) –Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much as 2% on Monday. The

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Commodities
Silvia Struthers Richard CapuchinoJr.

AMERICAS BUNKERS: Key market indicators Aug. 2-6

Spot bunker pricing in the Americas registered a second consecutive week of increases with the aid of stable to heightened demand and bullish global oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE Brent crude futures moved

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Commodities
Aarthi Swaminathan

Why Square acquiring Afterpay ‘makes a lot of sense'

Square (SQ) is acquiring Australian buy now, pay later (BNPL) company Afterpay for $29 billion in stock, signaling that the digital payments company is entering the installment payment market. “This deal makes a lot of sense for Square, especially insofar as it enabled the company

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Commodities
Al Root

XPO Logistics Completed the GXO Spin. Here’s What Happens Now.

The new XPO Logistics is focused on less-than-truckload shipping and truck brokerage. GXO manages warehouses and logistics operations. Courtesy XPO Logistics XPO Logistics has completed its spinoff of GXO Logistics. Both stocks are now trading separately in Monday morning. Investors will have to adjust to

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