- 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.
- Brent Creeps Upward on Weak US Data
June 27 2013 8:12 AM
Brent crude oil rose on Thursday after poor economic data from the US gave investors reason to believe the Fed wouldn't roll back its stimulus program in the near future. The commodity approached $102 and traded at $101.93 at 8:02 GMT on Thursday morning. CNBC reported that the US government released a trimmed annual economic growth rate forecast of 1.8 percent, down from the original 2.4 percent estimate.
- Asian Markets Surge On QE Hopes After US GDP Revised Down
June 27 2013 2:43 AM
Asian markets rallied Thursday after a sharp downward revision of US GDP rekindled hopes that the US Fed might stretch its asset-purchase program.
- Energy Companies Pull a Blackwater
June 26 2013 5:14 PM
Norwegian energy company Statoil said last week it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria. The company said it would double the amount of employees it had designated for existing security operations after reviewing the measures in place at the In Amenas gas facility. A January attack there left employees with Statoil and BP dead in what al-Qaida said was a response to French intervention in Mali.