Hedge Funds Spur Bets on Commodity Rebound
Two new commodity hedge funds launched in early 2016; allocations to commodity strategies $1.22 bln in Jan. After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point.
BPCL to Shut Bina Refinery for a Month
India's Bharat Petroleum Corp plans to fully shut its 120,000 barrels per day Bina refinery in central India for up to a month in September and October for maintenance, its head of refineries B.K. Datta said on Monday. Bina refinery has only one crude oil unit.
