Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.
For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”.
Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo
Oil majors have long been passive watchers of the pump war between OPEC and U.S. shale producers, but not any more.
Majors were unable to grow output for the past decade even as oil prices soared above $100 per barrel due bad capital discipline and huge project delays.
The oil price slump since 2014 has prompted the world’s biggest oil firms to drastically cut costs but also to force contractors to make projects more efficient and extract the same amount of barrels for fewer dollars.
With so many new entrants trying to muscle into the UK banking sector, Banking Technology has put together a comprehensive list of the known challengers to date and the technology they are using.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.
As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.
ExxonMobil, the U.S. energy giant, has taken some hard knocks in the last year: a staggering stock price, a massive de-booking, a lost AAA credit rating. But early in 2017, with new leadership and a new emphasis on domestic U.S. projects, Exxon’s fortunes may be improving, in no small measure thanks to its allies in the Federal Government and its growing investment in U.S. shale.
The Great War ended on the 11th hour of November 11th, 1918, when the signed armistice came into effect. Though this peace would signal the end of the war, it would also help lead to a series of further destruction: this time the destruction of wealth and savings.
The world’s most famous hyperinflation event, which took place in Germany from 1921 and 1924, was a financial calamity that led millions of people to have their savings erased.
Given that I am a “wise old head”, or at least someone who has been involved with the stock market for nearly 30 years, the cycles that shares go through, is something I take note of.
What is interesting as far as small caps/growth companies, is that unlike the blue chips the good times only roll occasionally.
DUBAI, March 6 (Reuters) – Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday.