Commodities News

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  • An attendant tops up petrol for a vehicle at a gas station in Taipei

    Crude oil prices jumped almost 5 percent on Friday, their biggest rally in 1-1/2 months, as a steady U.S. dollar and a bigger than expected drop in U.S. oil rigs in operation set off a renewed rush of bullish bets. U.S. crude has risen by as much as $4 a barrel after hitting a one-month low just a day ago, locking in a …

  • U.S. Gulf Coast cash gasoline differentials were lower on Friday as prompt trade began on a new five-day lifting cycle, traders said. A2 CBOB, or conventional regular gasoline blendstock formulated for ...

  • A salesman helps a customer to select gold bangles at a jewelry showroom in Mumbai

    NEW YORK/LONDON (Reuters) - Gold edged up on Friday from the previous day's 2-1/2-week low, supported by a softer dollar and uncertainty over Greece's debt talks, but remained under pressure from expectations U.S. interest rates might rise soon. Spot gold (XAU=) was up 0.3 percent at $1,190.70 an ounce at 2:33 p.m. EDT …

  • Chile's state-run copper giant Codelco says its profit plunged more than 40 percent in the first quarter of 2015 from the previous year because of tumbling prices for the metal. The world's largest copper ...

  • Pump Jacks are seen at sunrise near Bakersfield

    Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop. Oil saw steep falls earlier this week as a resurgent dollar weighed on the market amid concerns U.S. crude supplies may have started rising again after …

  • Oil slides on strong dollar, supply glut worries

    Oil prices sank this week to one-month lows on the back of the strong dollar and global supply glut fears, ahead of the OPEC cartel output meeting next week

  • Guinea bauxite miner CBG plans $1 bln expansion to meet demand Reuters - UK Focus - 2 hours 31 minutes ago

    Guinea bauxite miner Compagnie des Bauxites de Guinée (CBG (Shenzhen: 000009.SZ - news) ) plans a $1 billion expansion to increase its production capacity to 23.5 million tonnes per year by 2018 to respond to increased demand, the firm's director general said on Friday. CBG is 51 percent owned by Halco Mining consortium, …

  • OPEC will meet next week amid rising global demand and a reduction in supply, which are both helping to support prices, two OPEC officials said after pre-meeting talks. A calmer mood among national representatives and officials compared with the last OPEC meeting in November 2014 means it is likely to keep its production …

  • Indian Oil Corp (IOC), the country's biggest refiner, is expanding its natural gas business as the south Asian nation, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil. Thirteen of the world's 20 dirtiest cities are in India, with New Delhi taking top spot, a report by the World Health …

  • PRESS RELEASE May 29, 2015 WENTWORTH RESOURCES LIMITED ("Wentworth" or "the Company") Notice of Annual and Special Meeting The annual and special meeting of common shareholders of Wentworth ...

  • Latest US proposal for ethanol could have political fallout

    The nation's gasoline supply likely will have more ethanol in coming years — but not as much as was required by federal law. The Obama administration's proposed renewable fuel standard won't have much ...

  • Research and Markets has announced the addition of the "Manganese Oxides Market in United Arab Emirates: Business Report 2015" report to their offering.

  • Technavio has published a new report on the in-mold labels market in Europe, which is expected to grow at a CAGR of nearly 6% from 2015-2019.

  • May 29 (Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre) on Friday. Buyer Volume Prices Terms ...

  • Research and Markets has announced the addition of the "Titanium Dioxide Market in Hungary: Business Report 2015" report to their offering.

  • "I don't see deals executed to give an accurate price point, my impression is there's a bit more supply in the game," a trader said. The LNG market has been struggling with oversupply as Australian projects ramp up output, ahead of more new projects coming online from the United States in the coming year.

  • Thanks to rapid advances in medical technology, the peripheral IV catheter market in the US is expected to grow at a CAGR of almost 6% from 2015-2019, says Technavio.

  • Response by operator of broken oil pipeline faces scrutiny

    Emergency workers and officials from a pipeline operator had gathered last week to train for the worst — an oil spill — when a 911 call came in reporting a noxious smell at a nearby beach. Santa Barbara ...

  • The London tin market seems blissfully unconcerned by the steady decline in exchange-registered inventory. Tin is by some margin the worst performer of the LME base metals so far this year. The general consensus is that tin is currently in oversupply, thanks first and foremost to the emergence of Myanmar as a new global …

  • Le trattative fra Eni e i potenziali interessati al 15% del giacimento petrolifero in Mozambico, inclusa l'utility cinese Huadian, si stanno trascinando a seguito delle differenze legate al prezzo, secondo ...

  • LONDON--(BUSINESSWIRE)-- Growing industrial activity in the APAC region is fuelling growth in the global industrial wireless market for factory automation , which is expected to post a CAGR of 12.57% from ...

  • Talks between Eni and suitors including Chinese state utility Huadian for a stake of around 15 percent in the Italian oil major's prized Mozambique gas field are dragging on due to differences over price, industry and banking sources said. State-controlled Eni is looking to sell around 8 billion euros ($8.8 billion) of …

  • Russia is calling on oil producers around the world to refrain from increasing output, Energy Minister Alexander Novak said on Friday, according to Russian news agencies, just days before he is due to meet officials from OPEC. The Russian economy has been hit hard by lower oil prices, which have almost halved from a peak …

  • Research and Markets has announced the addition of the "Aluminum Industry in India 2015" report to their offering.

  • Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum producers Anglo American (LSE: …

  • Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector that remains severely bruised by the oil price slump. Global exploration and production (E&P) companies that scour frontier lands and seas in search …

  • Oil prices firm on mixed US stockpiles report

    In late morning London deals, Brent North Sea crude for July added 85 cents to $63.16 per barrel, compared with Thursday's closing level

  • Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of U.S. shale production, a Reuters survey forecast on Friday. Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average $61.60 a …

  • Transparency Market Research has published a new report, which states that the global nebulizers market is likely to reach an estimated value of US$937.7 million by 2019. The report is titled “Nebulizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” and projects the market to …

  • Oil benchmarks regained some ground in Europe on Friday, after US stockpile data published overnight pointed to a decline above market expectations.

  • (Updates prices) * Palm up 3.4 pct this week, eyes biggest weekly gain in 4 mths * Malaysian ringgit retreats to 3.6640 per dollar * Palm oil targets 2,246 ringgit - technicals By Anuradha Raghu KUALA ...

  • A Dutch court on Friday rejected a suit to have gas production halted at Eemskanaal, one segment of the large Groningen gas field, saying complainants had not proved that stopping exploitation would improve ...

  • FRO - First Quarter 2015 Results GlobeNewswire - 13 hours ago

    Highlights Frontline reports net income attributable to the Company of $31.1 million for the first quarter of 2015, equivalent to earnings per share of $0.25.  Today, Frontline announced that it has entered ...

  • FRNT - First Quarter 2015 Results GlobeNewswire - 13 hours ago

    Highlights Frontline 2012 reports net income attributable to Frontline 2012 of $103.5 million and earnings per share of $0.43 for the first quarter of 2015. Frontline 2012 received $7.6 million in January ...

  • DNO ASA: Contemplated Bond Issue GlobeNewswire - 14 hours ago

    Oslo, 29 May 2015 - DNO ASA, the Norwegian oil and gas operator, is contemplating the issuance of USD 400-500 million of new, five-year senior unsecured bonds. The net proceeds from the contemplated bond ...

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