Posts From King World News

Chevron's South African unit offers to supply diesel to Eskom

CAPE TOWN (Reuters) – Oil firm Chevron said on Friday it has offered to supply South Africa’s electricity firm Eskom with excess diesel from its Cape Town refinery, to help run some of its generators. Steve Hegarty, the general manager for strategy at the oil major’s South African unit told parliament’s trade and industry committee that Chevron was able to produce diesel and store some supplies for the struggling power

Friday, April 24: Today in Gold and Silver

NEW YORK (TheStreet) — Except for the spike low just after 9:30 a.m. Hong Kong time, the gold price traded mostly in a five dollar price band through all of Far East and London trading on their respective Thursday’s.  Once the London p.m. gold “fix” was in, the price rallied a bit before getting sold down starting around 2:45 p.m. EDT in electronic trading. The low and high ticks were