Group items tagged

Russia Fears BP Fallout from Spill - Russia provides 25% of BP Oil

Today, Crude oil futures plummeted over 1 per-cent in the native market while tumbling to a 6 year low in the overseas market as investors, observers and speculators regained to a heavy sell-off in the energy commodity amidst continued fears that a global oil glut may exacerbate due to the fallout of the OPEC's decision to maintain production at high levels, and sluggish world wide growth of economy which may weaken requirement.

The massive earthquake which struck Chile in early April this year miraculously left the country's copper operations unscathed. Copper prices rose markedly, however, as investors waited to see what the fallout could be for the world's biggest producer. How didChile's copper industry weather the earthquake so successfully and what could the consequences have been had things gone differently?