Recent Posts

China forex reserves fall to $3.092tn in September

Bloomberg China’s foreign-currency holdings dipped in September, as valuation effects from a stronger dollar weighed on the otherwise stable stockpile. Reserves fell to $3.092 trillion in the month from $3.107 trillion in August, the People’s Bank of China said on Sunday. The reading compares with a median estimate of $3.106 trillion in a Bloomberg survey. The supply and demand largely ...

Read More »

Norway oil coffers about to get giant boost from the North Sea

Northsea copy

Bloomberg Equinor ASA has started its Johan Sverdrup oil field, a rare mega-project in the North Sea that’s been a boon for Norway’s offshore industry and now promises to deliver a huge production boost for the country. Discovered in 2010 in an area that had been disregarded by most explorers, the site started production on Saturday and is set to ...

Read More »

Mozambique says Exxon to approve giant LNG project

Mozambique copy

Bloomberg Mozambique’s government said Exxon Mobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33 billion to build — the biggest ever in Africa. A ceremony marking the decision will take place Oct. 8 in Maputo, the capital of the southeast African nation, the Ministry of Mineral ...

Read More »
Send this to a friend