Texas Refinery Is Saudi Foothold in U.S. Market

Texas Refinery Is Saudi Foothold in U.S. Market

Published: Friday, 5 Apr 2013 | 9:21 AM ET
By: By Clifford Krauss

PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin.
But right in the middle of town stands a strategic outpost for Saudi Arabia's global ambitions, although one that the Saudis appear loath to publicize.

http://www.cnbc.com/id/100618028

Bloomberg: Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities

Bloomberg

Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
By Joe Richter - Mar 25, 2012 9:21 PM

Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.

Bloomberg: ‘Perfect Storm’ May Threaten Global Economy

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‘Perfect Storm’ May Threaten Global Economy
By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900

A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

Bloomberg: Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative

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Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative
By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900

The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.

Bloomberg: Commodities Trading Is Banking’s New Battleground: Commentary Matthew Lynn

Related News: Bloomberg, Economy, Africa, Australia, Europe, Latin America, Middle East, Opinion, Emerging Markets, Energy Markets, Finance, Commodities
Commodities Trading Is Banking’s New Battleground: Commentary Matthew Lynn
By Matthew Lynn - May 10, 2011 8:00 AM GMT+0900
Bloomberg Opinion

Forget bonuses. Don’t worry about bailouts. That’s all history. The battleground that matters most for the banking and finance industry right now is the profits it is making from commodities trading.

WSJ: China Seeks Bigger Role in Australia Economy

CHINA NEWS|APRIL 26, 2011, 1:08 P.M. ET
China Seeks Bigger Role in Australia Economy

By DINNY MCMAHON

BEIJING—China aspires to play a greater role in Australia's economy, one of the country's top leaders said Tuesday, signaling Beijing's aspirations for its companies to make inroads beyond simply extracting resources.

Bloomberg: Gold Rises Above $1,500 to Record on Weaker Dollar, Inflation

Related News: Canada · Commodities · Middle East · Australia · New Zealand
Gold Rises Above $1,500 to Record on Weaker Dollar, Inflation
By Pham-Duy Nguyen - Apr 21, 2011 3:53 AM GMT+0900

Gold futures rose to a record for the ninth time this month as a weakening dollar boosted investment demand for the precious metal as an alternative asset. Silver topped $45 an ounce for the first time since 1980.

S&P: Middle East Unrest's Credit Impact: Inflation Is Returning To Europe Sooner Rather Than Later

Middle East Unrest's Credit Impact: Inflation Is Returning To Europe Sooner Rather Than Later (00:08:14 min)

In this podcast, Jean-Michel Six, Standard & Poor's chief economist, Europe, discusses how political unrest in the Middle East is affecting economic conditions in Europe. Topics include rising inflation, the potential for a new oil shock, and geopolitical risks.

Listen