• Oil prices starting the week in positive territory Oil prices starting the week in positive territory

    July 29 2013 11:39 AM

    After falling modestly for the first week in over a month oil prices are starting the new trading week in positive territory for WTI with Brent showing a larger gain. Refined product prices are also modestly higher as of this writing. The market began to run out of its upside momentum early last week as participants have raised their concern on the prospect for a faltering demand picture going forward.

  • NG futures lower on bearish temp forecast NG futures lower on bearish temp forecast

    July 29 2013 11:30 AM

    Nat Gas futures have been under strong selling pressure since the markets began trading on Sunday night. The main selling catalyst today is the even more bearish short term temperature forecasts that hit the media airwaves over the weekend. As I have indicated on many occasions the weather is the primary price driver for the Nat Gas complex with the weather now making another decided turn toward the bearish side.

  • 6 Key Oil & Gas Discoveries of 2013 – Who's Worth Owning 6 Key Oil & Gas Discoveries of 2013 – Who's Worth Owning

    July 26 2013 1:57 PM

    The pace of oil and gas exploration is frightening, and discoveries are weekly, if not daily, with volumes investors would only have dreamt of a decade ago. With each new discovery, it becomes difficult to keep track of the playing field, and even more difficult to rank the potential. There are also a lot of juniors popping up on the scene now, exploring, finding and developing with the intent to lure the bigger players to buy them out. So we'll make it easy for you here, with our list of 6 key oil and gas discoveries so far this year, followed by a short list of the companies we think have the best potential—and they're not necessarily the ones who have made the biggest discoveries.

  • Gas Prices: Relief at the Pump Coming Soon, Says Citigroup's Morse [VIDEO]Gas Prices: Relief at the Pump Coming Soon, Says Citigroup's Morse [VIDEO]

    July 26 2013 1:06 PM

    Commodities

  • Piggybacking on the Hunt For Massive Oil Discoveries: Interview with AOSPiggybacking 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 SlumpCaterpillar 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 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 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 PMIBrent 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 CommoditiesChallenging 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'?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?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 FindMineral 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?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 ExportersAsia'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 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  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 2013Chile 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 WorldRice 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.