George Soros’s $28 billion family office more than doubled its stake in YPF SA, making the state- controlled oil producer its biggest U.S.-traded stock holding two years after Argentina seized control of the company.
Railroad industry Rail Industry Trends news about: Kinder Morgan Energy Partners, crude by rail, CN, Canadian Pacific, BNSF, Southwestern Railroad, Murex, Cetane. From the editors of Progressive Railroading Magazine
West Texas Intermediate traded near a three-day high before a government report forecast to show crude stockpiles dropped for a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.
The U.S. International Trade Commission imposed duties on steel tubes used for oil exploration imported from six countries, agreeing with American steelmakers that these foreign imports were being dumped here at less than fair value.
A Singapore-based petroleum-storage company, co-owned by a local oil tycoon and China's largest oil producer PetroChina, is looking to raise about $800 million, making it the latest firm to jump on the bandwagon in trust-heavy Singapore.
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