Royal Dutch Shell (NYSE: RDS-B), Europe’s biggest oil firm, has declared “force majeure” again for its contracts in Nigeria due to hostilities. That means it is not bound to the contractual obligations. There is also trouble in other natural resource sectors in Africa, such as gold and copper. Tension is not limited to Africa, however, […]
When major oil companies such as Royal Dutch Shell (RDS-B) and Occidental Petroleum (NYSE: OXY) are selling off assets in troubled areas according to an article in the Financial Times, investors are naturally placing a premium on stability. The crisis in the Ukraine is making that even more important. That is why more are turning […]
The rally in natural resource stocks should catch the attention of all investors. SPDR Gold Shares, (NYSE: GLD), the exchange traded fund for gold, is up more than 10 percent for 2014 (chart below). United States Natural Gas, (NYSE: UNG), the exchange traded fund for natural gas, has risen more than 17 percent for 2014. […]
United States Oil (NYSE: USO), the exchange traded fund for the industry is down for the last week of market action. So is United States Natural Gas (NYSE: UNG), the exchange traded fund for natural gas. That was almost sure to happen as short term factors such as cold weather in the United States and […]