Russia Cuts Oil Output, Per Agreement with OPEC

Russia cut its oil production in early January by around 100,000 barrels per day (bpd) from December, after a signed deal with Organization of the Petroleum Exporting Countries (OPEC). The production cut is a third of what Russia has pledged. In December, non-OPEC producers agreed to ax production by 600,000 with half of the contribution […]

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Reliance Industries Inks Shipping Deal With Mitsui OSK Lines

Business Today Billionaire Mukesh Ambani-run Reliance Industries Ltd (RIL) on Thursday sealed a long-term agreement with Japan’s biggest shipping company Mitsui OSK Lines for transportation of liquefied ethane from North America to the Gujarat coast. Mitsui will manage six very large ships for carrying ethane that are being built by Samsung Heavy Industries shipyard in […]

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Governor Tomblin to Lead Trade Mission To Brazil

Huntington News CHARLESTON, W.Va. (November 06, 2014) – Gov. Earl Ray Tomblin today announced he will be traveling to Brazil with members of the West Virginia Development Office to continue ongoing discussions with executive leadership from Odebrecht and Braskem.  The 5-day mission, scheduled to take place November 10-14, will focus on next steps associated with […]

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Dollar Climbs to 7-Year High as Energy Stocks, Oil Tumble

Bloomberg By Nick Gentle and Stephen Kirkland The dollar rose to an almost seven-year high versus the yen as growth in manufacturing underscored the strength of the American economy. Most U.S. stocks fell as oil slid to its lowest level in more than two years. The Bloomberg Dollar Spot Index was up 0.7 percent by 5 […]

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