Basic Materials

January 16 2012 6:21 PM

Venezuela's Oil Minister Rafael Ramirez said on Sunday his country intends to exit the World Bank's arbitration hearing against ExxonMobil.

January 13 2012 2:49 PM

As energy prices rise, high profits and revenue margins are expected by oil and natural gas companies throughout the world, but astronomical revenues -- in the realm of millions to billions in three years -- would make anyone sit a little straighter and pay attention.

January 11 2012 11:20 AM

Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co (CMC.N) after failing to pick up support among the metal company's other shareholders.

January 08 2012 1:00 PM

Alcoa Inc. shares could rise by as much as 30 percent in 2012 as weak aluminum prices may have bottomed while demand for the metal remains strong, financial weekly Barron's reported on Sunday.

January 06 2012 10:35 PM

The Obama administration on Friday opted against closing a loan of as much as $730 million for steelmaker Severstal North America, whose financing bid to expand a plant for auto-steel production drew the attention of congressional investigators looking at U.S. Energy Department loan programs.

January 05 2012 5:56 PM

More than half of the company's announced cut backs are taking place in the United States. Company officials intend to permanently close its smelting operations in Alcoa, Tenn., as well as two of six idled potlines in Rockdale, Texas.

January 05 2012 3:27 PM

Gold mining stocks fluctuated around the unchanged mark during regular-session trading on Thursday, as miners tracked the price of physical gold, which saw some choppy trading itself.

January 04 2012 7:28 PM

Fertilizer producer Mosaic posted a higher-than-expected quarterly profit as higher prices helped offset a dip in phosphate sales and flat potash volumes.

January 04 2012 12:45 PM

Royal Dutch Shell officials announced they are working to patch a second oil leak in Nigeria, which they attribute to sabotage.