The Organization for Petroleum Exporting Countries (OPEC) is unshakable in its decision not to cut oil production to prop up prices. The cartel still insists
Category: News
Canada’s Canpotex Signs a Contract to Supply Potash to China
Canadian Potash Exporters, known as Canpotex, a Canadian potash exporting and marketing firm, has signed a new three-year contract to supply potash to China. Canpotex
OPEC: Iran and Venezuela to Lobby Together for Higher Prices
Iran’s leader Ayatollah Ali Khamenei confirmed during his meeting with Venezuela’s president on Saturday (10 January) that he supported the cooperation of both countries to
Iowa’s Des Moines to Sue over High Levels of Nitrate in Water
Des Moines, the capital and the most populous city in the U.S. state of Iowa, is suing three neighbouring counties for high nitrate levels in
U.S. Oil Production Predicted to Fall by End of 2015
U.S. oil production is expected to start slowing down by the end of this year if the global prices remain weak since new drilling is
Mombasa to Import 100,000 Metric Tonnes of Subsidized Fertilizer
Mombasa, Kenya’s second largest city, is expecting more than 100,000 metric tonnes of fertilizer imported by the government under the country’s fertilizer subsidy program to
China Opens Up for Foreign Commodity Traders
China has introduced new regulation that allows international investors to trade in selected commodities, a step which marks another landmark on the way leading towards
India’s Fertilizer Ministry Seeks Finance to Subsidize Urea
India’s Fertilizer Ministry is seeking money from the Finance Ministry in order to overcome liquidity crunch to clear subsidy bills. The ministry has requested Rs
Mexican Light Oil Heading for the U.S. East Coast
Mexican crude oil is on its way to the U.S. East Coast at the highest rate in more than ten years as more discounts help
U.S. Intensifies the Sale of its Light Crude Abroad
Washington has widened oil export cap and thus opened a new front in the battle for oil market share readying the global markets for as