Filed under: Exxon Mobil (XOM), Russia, BP p.l.c. ADS (BP), Oil
BP’s (BP) headache continues over its planned share swap with Russian-owned Rosneft. According to a report from Sky News, the Association of British Insurers (ABI) announced its concerns over the impact of the swap. ABI reportedly controls 10% to 15% of the U.K. stock market.
ABI’s reservations also include a Swedish court’s decision to block BP’s planned venture with Rosneft in the Arctic. Perhaps most concerning of all — and not just to ABI — is Wednesday’s report announcing that U.S. prosecutors are considering manslaughter charges against BP for its Gulf of Mexico oil spill. Eleven oil workers were killed as a result of the spill.
Continue reading With BP’s Problems, Who Enters the Void?
With BP’s Problems, Who Enters the Void? originally appeared on BloggingStocks on Wed, 30 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.
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The US Department of Agriculture (USDA) cut its estimates of last fall’s corn and soybean crops.The soybean harvest was revised sharply downward to 3.33 billion bushels from 3.38 billion. Corn inventories are already at a 15 year low, were cut by more than 10% to 745 million bushels, as reported in the 
The grain markets are highly weather dependent. The slightest whisper of a weather change can move grains by large magnitudes. And with crops in Canada and China in danger of freezing, some grains recorded two-year highs.
