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By Phil Flynn |
August 17, 2012
Higher gasoline prices are starting to worry the Obama administration as talk of a release of oil from the Strategic Petroleum Reserve.
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By Howard Mustoe, Bloomberg |
August 15, 2012
Standard Chartered Plc may have to pay as much as three times more than the $340 million it was fined by a New York regulator to settle all the probes by regulators into its transactions for Iranian clients.
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By Greg Farrell and Tiffany Kary, Bloomberg |
August 15, 2012
Standard Chartered Plc, having settled a New York money laundering probe for $340 million the day before it was to defend its right to operate in the state, still faces federal inquiries.
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By Ambereen Choudhury and Nacha Cattan, Bloomberg |
July 25, 2012
HSBC Holdings Plc, Europe’s biggest bank, said its Mexican unit paid a $27.5 million fine to the nation’s regulators for non-compliance with money-laundering systems and controls.
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By Jesse Hamilton and David Voreacos, Bloomberg |
July 17, 2012
HSBC Holdings Plc did business with firms linked to terrorism, failed to guard against money- laundering violations in Mexico and bypassed U.S. sanctions against Iran, according to U.S. Senate investigators.
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By Phil Flynn |
July 6, 2012
Of course, just saying that the dollar rally was the reason the oil market was able to ignore some normally bullish fundamentals really misses the gravity of what these central bank moves mean to the global economy.
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By Phil Flynn |
July 5, 2012
While tensions seem to be easing over Iran after their temper tantrum in the Straits of Hormuz, the oil market now is focused on growing tensions in the North Sea.
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By Phil Flynn |
July 3, 2012
As the European embargo on Iranian oil takes effect, an Iranian lawmaker borrowing from none other than Thomas Jefferson, saying they have an unalienable right to nuclear technology
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By Ilya Arkhipov and Isaac Arnsdorf, Bloomberg |
June 18, 2012
Europe’s sanctions on insurance for Iranian oil shipments won’t be lifted or suspended as Asian importers look to governments to cover cargoes.
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By Phil Flynn |
May 30, 2012
The oil market was trying to be optimistic about Europe, it really was. They tried to find solace in the fact that the Greek austerity party is leading the polls in Greece and that European stock markets closed higher.
