Energy & Commodities

Time’s Running Out for World’s Most Indebted Oil Company

Posted by Don Quijones

on Monday, 11 March 2019 14:13

The financial pains and strains continue to grow for the world’s most indebted oil company, Petroleos de Mexico (Pemex). Standard & Poor’s became the latest in a succession of rating agencies to downgrade the company. Pemex is state-owned. So S&P has two credit ratings for the company: One, as if it were a stand-alone company; and one for the company as part of the Mexican state.

S&P slashed its stand-alone rating of Pemex three notches to ‘B-‘ from ‘BB-‘ on growing worries…Click here for full article.

Alberta Crossroads 2019 Event

on Sunday, 10 March 2019 10:32

From Economic Turmoil to Your Family’s Prosperity
Saturday, March 16th, 2019 – 12:45pm to 5:15pm at Mt Royal University in Calgary

Andrew Ruhland and Integrated Wealth Management is hosting “Alberta Crossroads 2019” as an antidote to the chaos unfolding in Alberta, to protect families from being hurt further by the perfect storm of bad policy, attacks from Enviro-radicals with no push-back from industry, and a blasé federal government that appears intent on killing the oil and gas industry.

Their solution: Alberta Crossroads 2019 will give attendees the facts from clear-headed experts, AND specific action steps to get back in control of their financial future. Watch Andrew’s video below.

Early Bird price of $99 until March 10th, $149 thereafter – CLICK HERE to reserve your seats.

 

Rio Tinto talking to Apple on next step of carbon-free aluminium project

Posted by Reuters

on Friday, 8 March 2019 16:03

Rio Tinto is in talks to move into the next phase of an agreement with Apple, Chief Executive Jean-Sebastien Jacques said on Friday, as the miner looks to transition its aluminium business to tap a low-carbon economy.

Last May, Rio and Alcoa announced a joint venture, backed by Apple, to commercialize by 2024 a process that emits oxygen and replaces all direct greenhouse gas emissions from the traditional smelting process for aluminium.

Bauxite is the raw material for aluminium, which is used in everything from beer cans…Click here for full article.

Bitcoin mining sees growth after 19-month low

Posted by Inbar Preiss

on Friday, 8 March 2019 12:48

After over a year and a half of decreasing Bitcoin mining revenue, a new report shows a small yet significant recovery in the gross margins. Let’s take a look at what the mining industry has been through in recent years, and what this recovery could mean for the near future.

Last month, Bitcoin mining revenues fell to their lowest intake since August 2017. The total mining income in February 2019 totalled $195 million – a mere fraction compared to the $951 million peak of December 2017, and a 10% decline…Click here for full article.

Volkswagen Launches $50B EV Race To Challenge Tesla

Posted by Tsvetana Paraskova

on Thursday, 7 March 2019 15:46

One of the world’s largest carmakers, Germany’s Volkswagen AG, is betting big on electric vehicles and e-mobility with a war chest of around US$50 billion to challenge Tesla, which, for the time being seems unfazed by the increasingly crowded EV market.

Three years after the diesel emissions scandal, Volkswagen said last November that it would invest US$49.7 billion (44 billion euro) on e-mobility, autonomous driving, new mobility services, and digitalization in…Click here for full article.