The fast growth of huge refineries is encouraging the development of a new class of oil supertankers as traders start looking for scale and volume
Author: Desktop
PotashCorp’s CFO Sells Millions of Dollars Worth of Company’s Stock
Wayne Brownlee, Chief Financial Officer of Canada’s Potash Corporation who took the company public in the late 1980s and helped it grow to eventually become
Ukraine Asks Russia for More Oil
Russian Energy Minister, Alexander Novak, said that Ukraine had asked for 1 billion cubic meters of gas from Russia this month, which is three times
Iran’s Nuclear Deal Likely to Spur Exports and Drag Oil Price Down
Iran’s nuclear deal with the world powers is expected to spur the country’s oil exports and thus further support the downward trend in global oil
India Seeking a China-Like Potash Deal
Belarus’ contract to sell potash to Chinese customers at an unexpectedly low price has encouraged India to attempt to negotiate a similar deal ahead of
China’s Fertilizer Sector Fears Potential Depreciation of the Yuan
According to Scotiabank, the growing risk that China will devaluate its currency – the yuan – in the upcoming weeks is posing a risk to
Canpotex Finalizes Supply Contracts with China
Canpotex, Canada’s Saskatchewan-based potash exporting and marketing firm, in operation since 1972, has finalized supply deals with its major Chinese customers for potash shipments for
Israel Chemicals Buys Allana Potash Corp for $137 million
Israel Chemicals Ltd, known as ICL, will acquire Allana Potash Corporation for $137 million. Allana’s CEO, Farhad Abasov, commented that there was no other way
Mounting Concerns in Oil Sector due to Yemen Bombing
Although Yemen is only a minor oil producer accounting for about 0.2 percent of the world’s oil production, recent bombing of the country by Saudi
China-Belaruskali Deal Shakes up the Potash Industry
The decision of Belarus’ potash giant Belaruskali to sell its potash to the Chinese for $315 a tonne by mid-2015 has shaken up the potash