Roberto Abraham Scaruffi

Terrorists cash in on $1million in crude sales a day, report says Terrorist groups are cashing in on $1million in crude sales every day, according to the new Global Terrorism Index. The figure comes days after ISIS terror cells massacred at least 129 people in the France’s capital. Steve Killelea, executive c… Read More        Opinion: Paris attacks and commodities, history shows us what to expect Geopolitical developments often have a major impact on oil prices since they can affect oil supply directly and since the threat of future supply disruptions can also build a risk premium into oil prices. As a notable example, in the early part of 20… Read More        BP’s drilling plan offshore Australia turned back by regulator BP Plc will need to revise its plan to explore for oil in an untapped frontier off the coast of southern Australia before regulators will approve its drilling program estimated to cost more than A$1 billion ($710 million). The London-based energy pro… Read More        Tackling $38billion of debt, Mistry charts Tata’s growth At the helm of the Tata Group for more than two decades, Ratan Tata took a biggest-is-best approach. Putting India’s largest conglomerate on steroids, he propelled Tata onto the world stage by adding marquee brands such as Land Rover, Jaguar, Tetley … Read More        Another business sale for energy supply chain couple Aberdeen couple Fred and Donna Nicol have sold another business just weeks after announcing the sale of Bridge-of-Don-based First Hose in a deal potentially worth £6million. The latest transaction involves Pressure Test Solutions (PTS), also based at… Read More        London and Madrid terror attacks show French economy could remain resilient The Paris attacks will impact the French economy in the near term but activity is likely to remain resilient, according to a leading expert. IHS global insight chief European and UK economist Howard Archer has compared the most recent attack in the F… Read More        Premier Oil sells Norwegian business for $120million Premier Oil has sold its Norwegian business, Premier Oil Norge, to Det norske for $120million. The firm confirmed it would funnel the funds back into repaying its debt. Faltering oil prices has forced the firm to cut its spending by 25% this year. A … Read More        As terror episodes increase, so has global market resilience While nobody can predict how deeply investors will react to attacks that killed scores of people in Paris Friday, the history of terror incidents around the world over the last 15 years shows market reactions are often sharp and, increasingly, short-… Read More