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Finance & Markets

Hedge Fund With 235% Return Says Gold Price Decline Is Temporary

Australian hedge fund manager Raphael Lamm, whose long-short gold fund has delivered a net return of more than 200% to investors since its launch last year, sees the recent decline in bullion as temporary, arguing that the key forces underpinning its long-term rally remain intact.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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India’s BPCL seeks JKM-linked spot Nov cargo in rare move

India’s Bharat Petroleum Corporation Ltd. issued a spot tender to buy a November-delivery LNG cargo at a JKM-linked price in a rare move, a source familiar with the matter said Sept. 23.

  • BPCL seeks November LNG cargo at JKM-linked price in rare move
  • Company requests 3.1-3.8 TBtu with 10% operational tolerance
  • Sellers must submit offers at December JKM-linked prices

ENGINE: Americas Bunker Fuel Availability Outlook

North America Bunker demand in the US Gulf port of Houston is strong, and prompt availability of all three conventional fuel grades is tight.

  • North American bunkers in high demand, particularly at Houston port
  • Supply of HSFO, LSMGO, and VLSFO tight with 5-8 day notice periods
  • US East Coast sees increased bunker demand at New York port

More from Thursday 24 September →