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Commodities

  • Asia bourses follow Wall Street higher @ Financial Times - 4 hours ago

    Wednesday 06:00 BST. Bourses in Asia-Pacific were mostly positive, taking their lead from gains on Wall Street and better-than-expected Japanese export data. European stocks are expected to open with gains ...

  • British Columbia lowers tax in LNG push @ Financial Times - 8 hours ago

    British Columbia has lowered its tax rate for liquefied natural gas sales, following extensive negotiations with oil and gas companies like Shell and Petronas, which are looking to site multibillion-dollar ...

  • Crude oil prices have skidded for four straight weeks, and closed lower over eight of the past 10 weeks, taking many oil and energy stocks down with it. In fact, last week’s 4.9% drubbing in Brent crude oil prices was the worst week in more than 18 months, and Brent crude oil is down more than 22% so far this year, a very …

  • Why Barrick suspended Pascua-Lama operations Market Realist - 12 hours ago

    This suspension is positive for Barrick. The capital that had been allocated for the development of this project will be used to pay down Barrick's debt and improve its overall financial condition.

  • Codelco sticks with ambitious plans @ Financial Times - 14 hours ago

    Codelco is defying gloom in commodities markets and embarking on a make-or-break series of investments, endeavouring to regain the Chilean state-owned copper miner's lead as the world's largest producer ...

  • Total: After de Margerie @ Financial Times - 15 hours ago

    Christophe de Margerie will be remembered for much more than just his stewardship of Total, where he had been chief executive since 2007. But his death on Monday will put new focus on the oil company, ...

  • With commodities reflecting balances or surpluses in supplies, and risks to demand, Jefferies lowered its price forecasts for metals and coal, and downgraded BHP Billiton. Jefferies lowered its commodity price forecasts and cut earnings estimates for mining companies it covers by an average of 21% in 2015. Its new estimates …

  • India Coal, Fuel Reform Boosts Energy Stocks @ Barrons.com - 17 hours ago

    India's moves this week to open up its coal industry to commercial mining, deregulate diesel prices and adjust natural gas prices signal that market reform is in high gear. The India S&P BSE Sensex Index rose 1.2%. India smallcaps are rallying, with the iShares MSCI India Small Cap ETF (SMIN) up 2.8% in recent trading, …

  • It is hardly surprising that global growth scares would hit emerging markets more powerfully than developed markets. By the end of last week, share prices in developed markets had recovered most of their ...

  • With the death of Christophe de Margerie, the energy industry has lost one of its most influential and colourful personalities - a man who was renowned for his often contrarian views on oil markets and ...

  • Unlike shipping rates in the spot market, newbuild prices are less volatile. They aren't subject to seasonality. Newbuild prices and shipping rates have mainly followed each other in the past.

  • U.S. crude oil refinery inputs averaged 15.3 million barrels per day (or bpd) during the week ending October 10.

  • Brent crude oil made its way toward $86 on Tuesday morning following the release of data, which showed that Chinese demand had picked up. The commodity traded at $85.87, still weighed down by oversupply ...

  • Glimmer of hope in Tesco sales figures @ Financial Times - 23 hours ago

    Tesco's trade improved over the past month, delivering a fillip to new chief executive Dave Lewis ahead of delayed half-year results due later this week. According to Kantar Worldpanel, the consumer research ...

  • Australia horse breeders win Anglo American coal mine battle @ Financial Times - Mon, Oct 20, 2014 9:47 PM EDT

    Two of the world's biggest horse breeders have won a bitter three-year battle with Anglo American in a landmark planning case that reflects a rising tide of opposition to mine expansions in one of Australia's ...

  • Leaking North Dakota oil well contained Associated Press - Mon, Oct 20, 2014 5:32 PM EDT

    WILLISTON, N.D. (AP) — North Dakota oil regulators say a well that leaked oil, gas and brine for more than two days has been brought under control.

  • Why EIA crude inventory reports beat analysts’ estimates Market Realist - Mon, Oct 20, 2014 5:00 PM EDT

    On October 16, the EIA released inventory data for the week ending October 10. Crude inventories increased by 8.9 million barrels.

  • Why the EIA is bullish about natural gas production Market Realist - Mon, Oct 20, 2014 5:00 PM EDT

    The U.S. Energy Information Administration expects natural gas marketed production to increase to 73.98 billion cubic feet per day in 2014 and 75.48 Bcf/d in 2015.

  • A quick overview of Peabody Energy Market Realist - Mon, Oct 20, 2014 5:00 PM EDT

    Peabody Energy is the largest reserve producer in the Powder River Basin and the Illinois Basin. The company also operates in the Southwest, Colorado, and Australia.

  • Barrick in the Australia Pacific: Why gold production is down Market Realist - Mon, Oct 20, 2014 5:00 PM EDT

    In its ongoing portfolio optimization efforts, Barrick sold off its other two interests in the Australia Pacific—Yilgarn South and Plutonic—and divested its interest in Kanowna mine.

  • Credit Suisse sued over Azerbaijan oil joint venture @ Financial Times - Mon, Oct 20, 2014 1:50 PM EDT

    Credit Suisse is being sued in a High Court trial over alleged "shortcomings" in its role over the sale of a company with rights to the largest onshore oil and gas project in Azerbaijan. Two ...

  • US Steel: How Long Can Steel Prices Defy Gravity? @ Barrons.com - Mon, Oct 20, 2014 1:41 PM EDT

    The bear case on steel stocks like US Steel (X) and AK Steel (AKS) has been that lower iron-ore prices would ultimately lead to lower steel prices. That hasn't happened yet, but JPMorgan's Michael Gambardella ...

  • BWin bounces amid wider weakness @ Financial Times - Mon, Oct 20, 2014 1:11 PM EDT

    Recovery hopes made BWin.party stand out in a weak London market on Monday. Numis Securities' "buy" advice helped the Party Poker owner bounce 5 per cent to 92.9p. After many disappointments, ...

  • Why investors monitor crude oil inventory numbers Market Realist - Mon, Oct 20, 2014 1:00 PM EDT

    The U.S. Energy Information Administration (or EIA) reports weekly figures on crude oil inventories. It reports the figures every Wednesday.

  • Must-know: The EIA’s retail gasoline price estimates decrease Market Realist - Mon, Oct 20, 2014 1:00 PM EDT

    U.S. regular gasoline retail prices fell to an average of $3.41 per gallon in September 2014, $0.08 below August’s average.

  • What credit rating agencies think about Arch coal Market Realist - Mon, Oct 20, 2014 1:00 PM EDT

    The pattern is easy to understand. Those companies with a larger presence in met coal have lost more. The likelihood that Arch Coal will default—fail to repay its debt—increases at pace with its falling ...

  • Oil's Plunge Came at a Bad Time for Seadrill @ Barrons.com - Mon, Oct 20, 2014 12:35 PM EDT

    Citigroup's Mukhtar Garadaghi and Nikhil Gupta explain why the fall in oil prices is bad news for Seadrill (SDRL): The rapid fall in oil price has coincided with budgeting season for the industry and is likely to have lasting implications, with more pronounced effects for the services sector. This places the sector on …

  • Must-know: The crude tanker industry’s performance Market Realist - Mon, Oct 20, 2014 12:29 PM EDT

    U.S. imports are an important indicator. U.S. imports have been changing the entire industry's dynamics. They've become a crude oil net exporter.

  • Jindal Steel shares sink after police raid at coal mine @ Financial Times - Mon, Oct 20, 2014 12:05 PM EDT

    Shares in Jindal Steel and Power, the industrial group owned by Indian billionaire Naveen Jindal, fell as much as 10 per cent on Monday in Mumbai following a police raid at one of the company's coal mines. ...

  • Oil Workers Earning $179,000 Expose Norway to Crude Crash Bloomberg - Mon, Oct 20, 2014 10:02 AM EDT

    Norway, where oil helped create one of the world's most stable and prosperous societies, is among the most exposed to falling crude prices. Three projects led by state-owned Statoil ASA (STL), which is borrowing and selling assets to cover dividend payments, are at risk of being delayed or shelved, said Jarand Rystad, …

  • Why the EIA decreased Brent estimates more than WTI estimates Market Realist - Mon, Oct 20, 2014 9:00 AM EDT

    Lower WTI crude will hurt U.S. oil producers’ profitability. These companies include Whiting Petroleum, Halcon Resources, Laredo Petroleum and Pioneer Natural Resources.

  • Lagunas Norte: Increasing Barrick’s cost per unit Market Realist - Mon, Oct 20, 2014 9:00 AM EDT

    Lower ore grade increases the amount of waste stripping required—in order to extract some volume of ore—as a result of mining more tons of waste.

  • Why increasing aluminum demand is positive for investors Market Realist - Mon, Oct 20, 2014 9:00 AM EDT

    Alcoa's management expects the global aluminum demand to increase by 7% in 2014. The biggest increase is expected to come from China.

  • LME Week: here's what to expect @ Financial Times - Mon, Oct 20, 2014 3:30 AM EDT

    Londoners beware: the biggest annual gathering of the metals and mining industry kicks off in the capital this week. LME Week will see more than 10,000 bankers, brokers, traders, miners and warehousemen ...

  • Which Asian Stocks To Benefit From Falling Commodity Prices @ Barrons.com - Mon, Oct 20, 2014 1:38 AM EDT

    WTI crude oil rose to $83.14 in recent trading on Monday, recovering from last week's low of $81. In the case of oil, slowing demand from China of course contributes to the decline, but this time around, oil price may be more affected by supply (sort of a similar story as iron ore), as "US Oil supply growth between 2013-2020 …

  • BHP Billiton leads miners' retreat from supersizing @ Financial Times - Sun, Oct 19, 2014 10:02 AM EDT

    More trucks, more shovels, bigger holes in the ground: the mining sector has been supersizing itself for years, convinced that going large was also the way to earn outsized profits. But the conviction ...

  • India fuel reform puts diesel under market control Associated Press - Sun, Oct 19, 2014 9:50 AM EDT
    A man fills diesel in a car at a fuel station in New Delhi, India, Sunday, Oct. 19, 2014. India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector.(AP Photo/Tsering Topgyal)

    NEW DELHI (AP) — India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector.

  • Why It Matters That Ethanol Prices Are Collapsing @ 24/7 Wall St. - Sun, Oct 19, 2014 8:44 AM EDT

    U.S. ethanol producers are approaching the so-called blend wall, when the value of ethanol collapses and producers begin agitating for a higher blending limit.

  • Modi to axe India diesel subsidies @ Financial Times - Sat, Oct 18, 2014 11:41 PM EDT

    Prime Minister Narendra Modi has introduced a new push to modernise India's economy, ending government-controlled diesel subsidies and raising natural gas prices as part of attempts to bolster investment ...

  • Container ship towed away from Canadian coast @ USA TODAY - Sat, Oct 18, 2014 12:30 PM EDT

    Move significantly reduced risk of ship running aground, hitting the rocks and causing a spill.

  • [$$] They Said What? @ Barrons.com - Sat, Oct 18, 2014 2:04 AM EDT

    How low will gas prices fall? Chief oil analyst, GasBuddy.com The majority of the population is going to be able to buy for less than three dollars this fall. Senior international strategist, Wells Fargo Advisors Over the next three to six months, gas prices will go higher. Managing director and senior oil and gas …

  • Indonesia's new president faces tough early tests Associated Press - Sat, Oct 18, 2014 2:03 AM EDT
    In this Oct. 17, 2014 photo, Indonesian President-elect Joko Widodo is mobbed by the media after his meeting with defeated candidate Prabowo Subianto in Jakarta, Indonesia. Widodo, popularly known as 'Jokowi', will be inaugurated as the country's new president on Oct. 20 and will have to quickly take steps to tackle major challenges, rebooting a slowing economy in a nation of 250 million where inequality is rising, a looming decision on raising fuel prices and also finding a way to work with a powerful and well-funded opposition that could block his moves. (AP Photo/Tatan Syuflana)

    JAKARTA, Indonesia (AP) — Rebooting a slowing economy in a nation of 250 million where inequality is rising, a looming decision on raising fuel prices and vulnerability to any U.S. interest rate hikes would be enough to tax any incoming president.

  • [$$] Review @ Barrons.com - Sat, Oct 18, 2014 12:01 AM EDT

    How low will gas prices fall? Senior international strategist, Wells Fargo Advisors Over the next three to six months, gas prices will go higher. Managing director and senior oil and gas sector analyst, Oppenheimer Weak seasonal demand could push gasoline prices lower. Gasoline prices mainly reflect oil prices, which …

  • Gas prices at lowest level since 2010 @ USA TODAY - Fri, Oct 17, 2014 8:33 PM EDT

    Crude oil prices have dropped 30 percent since their most recent high in June.

  • Why Brent pays the price for Saudi’s “generosity” Market Realist - Fri, Oct 17, 2014 6:06 PM EDT

    Prices were at their lowest levels since November 2010. The sharper drop in Brent prices also caused the WTI-Brent spread to fall to $2 on Wednesday.

  • Overview: A quick look at Arch Coal’s operations Market Realist - Fri, Oct 17, 2014 5:00 PM EDT

    The company is the second-largest reserve holder in the Powder River Basin after Peabody Energy Corporation with reserves of 3.3 billion tons.

  • Pueblo Viejo mine: Ramped up to offset Barrick’s production dip Market Realist - Fri, Oct 17, 2014 5:00 PM EDT

    Pueblo Viejo’s full production ramp-up will help offset production declines. And, greater plant availability and the completion of plant de-bottlenecking modifications should drive higher production.

  • Why the Fracking Boom Probably Won’t Slow Global Warming @ BusinessWeek - Fri, Oct 17, 2014 1:51 PM EDT

    The analysts who have assumed that surging shale gas usage will also be a boon for curbing climate change are likely wrong

  • TAIPF: Taipan Resources prepares to drill Badada-1 well on Block 2B in Kenya Zacks Small Cap Research - Fri, Oct 17, 2014 1:30 PM EDT

    Over the last two weeks, Taipan Resources (TAIPF) (TPN.V) has announced the signing of a LOI for the drilling of the Badada-1 well on Block 2B, reported third fiscal quarter results and appointed a new Corporate Secretary.  Taipan Resources entered into a Letter Of Intent (LOI) with Greatwall Drilling Company (GWDC), a …

  • Why Alpha Natural Resources is better off than Walter Energy Market Realist - Fri, Oct 17, 2014 1:00 PM EDT

    Just like Walter Energy, the majority of the assets on the company’s books include mineral rights, land, and mine development costs. In the event of default, these assets may fetch a lower price than book ...

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