Commodities | NewsColony

UAE-based commodities trader said to have ‘accounting irregularities’ in books

NewsColony17 October 2020

by NewsColony17 October 202007

Restructuring adviser hired to salvage GP Global Group’s assets gives warning in report Troubled UAE-based commodities trader GP Global Group has “accounting irregularities” in its...

Business News

Why the price of gold could jump by up to 20% in next 12 months

NewsColony13 October 2020

by NewsColony13 October 2020019

The price of gold could go up by as much as 20 percent over the next 12 months, according to Gerald Moser, chief market strategist...

Business News Politics

Many fossil fuel workers like me want to transition to renewables – but we need support | Matt Craigan

NewsColony29 September 2020

by NewsColony29 September 202005

Oil and gas is one of the main industries in Aberdeen where I grew up, and it was inevitable that I would follow in my...

Business News

Biggest independent oil trader sees price gains unlikely in 2020

NewsColony27 September 2020

by NewsColony27 September 202008

Crude prices will have little room to rise in the next quarter because the recovery in global demand is slowing due to new coronavirus-related restrictions...

Business News

How did a ‘cocktail of violence’ engulf Mozambique’s gemstone El Dorado?

NewsColony18 September 2020

by NewsColony18 September 202006

For decades a forgotten corner of Mozambique, Cabo Delgado has now become the country’s El Dorado, promising billions in natural gas and gemstones but delivering...

News

At least 50 killed in collapsed gold mine in east Congo, says NGO

NewsColony11 September 2020

by NewsColony11 September 2020013

At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of...

Business News

‘War on plastic’ could strand oil industry’s £300bn investment

NewsColony4 September 2020

by NewsColony4 September 202008

The war on plastic waste could scupper the oil industry’s multi-billion dollar bet that the world will continue to need more fossil fuels to help...

Business News

UAE commodities firm shuts trading desks after coronavirus blow

NewsColony3 September 2020

by NewsColony3 September 202006

A UAE-based commodities firm is shutting down trading desks after banks pulled financing amid the coronavirus, the latest casualty in a global wave of upheaval...

Business News

Norway plans to drill for oil in untouched Arctic areas

NewsColony26 August 2020

by NewsColony26 August 2020010

Norway is planning to expand oil drilling in previously untouched areas of the Arctic, a move campaigners say threatens the fragile ecosystem and could spark...

News

UN-supported Libya government and rival authority call ceasefire

NewsColony21 August 2020

by NewsColony21 August 2020011

Libya’s UN-supported government has announced a ceasefire across the oil-rich country and called for the demilitarisation of the strategic city of Sirte, which is controlled...