- Piggybacking on the Hunt For Massive Oil Discoveries: Interview with AOS
July 24 2013 2:15 PM
Africa is becoming the top choice for North American oil companies looking to diversify, and the East African Rift is the hottest of the hot, with Kenya waiting on commercial viability, Angola and Ghana already on the road to rival Nigeria and two newcomers—Namibia and Zambia—where the doors have been thrown open for exploration. Getting in on Namibia and Zambia is an extremely expensive endeavour, but here's a way to de-risk this adventure, keep your shareholders calm and strategically position yourself to take advantage of the next big find without footing the massive drilling bill: Buy up a ton of acreage and sit back and let others do the expensive exploration and drilling on territory adjacent to yours. Then strike and watch offers come in.
- Caterpillar Q2 Earnings Inch Down On Commodities Slump
July 24 2013 9:28 AM
The construction equipment company did not meet analysts' expectations in the second quarter.
- Oil weaker after China PMI data
July 24 2013 8:40 AM
Oil prices are mixed in overnight trading after a supportive API oil inventory report that has been offset by yet another sign that the main economic and oil demand growth engine of the world… China is slowing. The latest manufacturing data out of China weakened more than expected for July. The HSBC/Markit reading came in at 47.7 or solidly below the expansion threshold of 50. The PMI data is an energy sensitive Index and with China in the contraction mode it certainly suggests that oil demand growth out of China is likely to be less than has been forecast so far.
- NG futures drifting lower in early trading
July 24 2013 8:33 AM
With the market focusing on tomorrow's EIA inventory injection report prices rallied modestly on Tuesday only to retrace slightly in overnight trading so far. The market is mostly focused on what is likely to be an underperformance in the weekly injection level (see below for a more a detailed discussion) while somewhat discounting the less than supportive short term weather forecasts. Although the injection level this week is likely to be below the so called normal five year average for the same week it will still come in well above last year resulting in the year over year deficit narrowing one again.
- Brent Slips on Chinese PMI
July 24 2013 8:14 AM
Brent crude oil was under pressure on Wednesday after Chinese PMI data revealed that the number two oil consuming nation's economy could be slipping.
- Challenging a Long-Held Assumption about Commodities
July 23 2013 3:14 PM
There’s no denying China’s massive economic growth over the past decade, as the country recorded an average GDP of more than 10 percent per year. In only seven years, China’s economy doubled; in 13 years, it tripled.
- Goldman: $26B In Next Decade On 'Warehousing'?
July 23 2013 2:06 PM
Aluminum inventory storage and transportation may net the firm that much, one critic argues.
- Are Aluminum Prices Being Artificially Raised By Goldman Sachs?
July 22 2013 4:16 PM
Since Goldman Sachs bought a small aluminum storage and delivery firm in 2010, the price of the metal has almost doubled.
- Mineral Rich Australia May Contain World's Next Major Oil Find
July 22 2013 12:39 PM
Australia's massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.
- Why Are US Oil Prices So High?
July 17 2013 3:23 PM
U.S. oil production is soaring and the economic recovery has been moderate. So why are oil prices so stratospheric?
- Six Tech Advancements Changing the Fossil Fuels Game
July 17 2013 2:40 PM
Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak oil” concerns. While hydraulic fracturing has been the most visible revolutionary advancement, other high-tech developments are keeping the ball rolling—from the next generation of ultra-deepwater drillships, subsea oil and gas infrastructure and multi-well-pad drilling to M2M networking, floating LNG facilities, new dimensions in seismic imagery and supercomputing for analog exploration.
- Asia's Dairy Demand Likely To Prove Lucrative For Global Exporters
July 17 2013 6:18 AM
Demand will outpace supply in the region, creating a trade opportunity for dairy producers.
- Shrimp Is Getting More Expensive
July 16 2013 3:11 PM
A plague is wiping out farm-raised shrimp in their infancy -- and with lesser supply comes greater prices.
- Chernobyl at Sea? Russia Building Floating Nuclear Power Plants
July 16 2013 1:50 PM
So much for the lessons of Fukushima. Never mind oil spills, the Russian Federation is preparing an energy initiative that, if it has problems, will inject nuclear material into the maritime environment.
- Chile Lowers Copper Output Estimate For 2013
July 09 2013 12:39 PM
Officials say China's slowdown and the Fed's planned stimulus reduction will impact red metal production in the South American nation.
- Rice Is Piling Up Around The World
July 08 2013 11:10 AM
Global rice inventories are expected to hit a 12-year high in 2013, as production around the world continues to ramp up.
- China, India Hike Liquefied Natural-Gas Prices To Cut Losses
July 04 2013 8:42 AM
The two Asian giants’ decision to hike gas prices, for the first time in three years, will encourage production to meet surging demand.
- Indian Investors Desert Equity Funds For Debt
July 04 2013 4:42 AM
Mutual funds in India managed more assets than ever in the April-June quarter, as investors, betting on rate cuts, rushed to bond funds.
- Did Gold Just Become The Worst Investment Ever?
July 02 2013 3:24 PM
- Winklevoss Twins Increase Bitcoin Involvement, File IPO Plan
July 02 2013 7:05 AM
The Winklevoss twins row out to deeper waters as they put their collective heft behind virtual currency Bitcoin.