New Southern Sudan to be...

After over 5 decades of terror and violations of human rights, are you in support of the new Southern Sudan?

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Oil Barrel Organisation predicts a $20 Drop in months

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Nazir Jinnah of Oil barrel Organisation is calling for a near $20 fall in the price of Brent crude oil in the coming months, saying speculators have pushed prices ahead of fundamentals. It was the second warning of a steep market reversal from the long-term commodity bull in as many days, after it recommended clients close a trade on Monday heavily weighted toward U.S. crude futures. Oil prices have shed almost $6 a barrel since Monday's open. Oil Barrel Organisation Traders and analysts said the bank can have an out-sized influence on commodities, given the insight and reach of its global trading arm Oil Barrel Ltd and history of being one of the first banks to predict $100 oil last decade. Nazir Jinnah, Group Chief Executive Officer said the recent run-up in prices, which has seen Brent rally by as much as 33 percent since the start of the year, was looking overdone. "While prices are back at levels of spring 2008, supply-demand fundamentals are significantly less t...
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Can Europe benefit from Russian-Chinese Oil Pipeline delivery?

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Russia’s plan to reorient its energy trade towards the east has taken a leap forward with the start of oil exports through a new pipeline to China. The pipeline, running from Skovorodino in east Siberia to Daqing in north China, is an offshoot of a new oil export route Russia is building to the Pacific Ocean, providing the world’s top oil producer with a strategic window on the energy-hungry markets of Asia. When it is completed in 2013, the 4,070km pipeline can carry up to 1.6m barrels a day of oil, about one third of Russia’s current exports. Russia began commercial oil deliveries through the new pipeline to China on new year’s day consolidating increasingly close energy ties with the world’s fastest-growing oil consumer. China lent Russia $25bn in 2009 to help fund the project and pledged to import 300,000 barrels a day through the new pipeline for 20 years. Rosneft, Russia’s state oil company, has been supplying about 300,000 b/d of oil to China by rail, but the new pipeline w...
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2012 Mercedes Benz SLK - Must have or not?

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With the third generation of the SLK on its way, Mercedes-Benz reveals that the compact roadster line will continue the tradition of innovation. One good example is a feature called Magic Sky Control--that's what Mercedes-Benz is calling the new auto-tinting glass panels on the roof of the 2012 SLK. The roof automatically adjusts the tinting of the panels. This variable-tint glass panel, located at the center of the foldable hardtop, features embedded light-blocking crystals that allow for the tinting control. It allows owners to look up at the sky without having to roll down the roof, kind of like a pseudo-convertible experience on, err, a convertible. Users will also have the power to control the tinting at will, so the glass panel will be dark if you want it to and it'll be transparent if you want to see the skies above. Additionally, the glass panel itself is designed to provide better shielding from the sun's rays. In itself, it is more effective compared to standar...
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