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  • 'Largest ever' Med gas field found off Egypt: Eni

    The so-called Zohr project is "the largest gas discovery ever made in Egypt and in the Mediterranean Sea," ENI said in a statement

  • Italian energy giant Eni says it's found the largest-ever gas field in Mediterranean off Egypt.

  • Regulator orders 95 Nexen pipelines suspended in Canada

    File picture shows a water intake pipe for an oil sands operation in Canada

  • Mining company slump started in 2010 new report reveals Telegraph - Sat, Aug 29, 2015 20:30 BST

    Investor returns in mining have been under pressure since the beginning of the decade warns consultant

  • Obama defends Shell Arctic drilling decision AFP - Sat, Aug 29, 2015 11:15 BST
    Obama defends Shell Arctic drilling decision

    The Obama administration's green light for the Anglo-Dutch oil giant angered environmental groups which have decried the "hypocrisy" of the president, who in recent months has stressed the need ...

  • Obama heads north to Alaska, where drilling decision looms large Reuters - UK Focus - Sat, Aug 29, 2015 11:00 BST

    President Barack Obama on Saturday defended his decision to allow Royal Dutch Shell (Xetra: R6C1.DE - news) to drill for oil in the Arctic Ocean under what he said were rigorous standards, fending off criticism by environmental groups. The trip is part of a broad campaign to seal an international deal later this year …

  • A car is filled with gasoline at a gas station pump in Carlsbad

    World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. Tropical Storm Erika moved closer to Florida, prompting worries about oil and gas installations …

  • US oil prices climb again after Thursday's big jump Associated Press - Fri, Aug 28, 2015 21:59 BST

    Oil prices surged again Friday, a day after recording their biggest gain in more than six years. U.S. crude rose 6.3 percent to finish at $45.22 per barrel after climbing 10.3 percent on Thursday. That ...

  • US stocks close flat Friday after a volatile week Associated Press - Fri, Aug 28, 2015 21:58 BST
    Calm on Wall Street: A turbulent week ends on a placid note

    U.S. stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme. The market gave investors a hard jolt the first two days ...

  • Trend-driven funds profit on oil’s slippery path Reuters - Fri, Aug 28, 2015 20:43 BST

    While it is too early to say how many of those funds got out before the bounce, interviews with five of the largest or best-performing CTAs involved in the oil market this week show that the persistent downtrend has been friendly to most. Many of the oil market's most sage analysts and investors have been shocked by the …

  • Grain mixed and livestock mostly higher Associated Press - Fri, Aug 28, 2015 20:27 BST

    Grain futures were mixed Friday on the Chicago Board of Trade. Wheat for December delivery was off 6 cents to $4.8375 a bushel; December corn was unchanged at 3.75 a bushel; December oats were up 6.5 cents ...

  • Shell pauses Arctic offshore drilling for high wind, water Associated Press - Fri, Aug 28, 2015 20:21 BST

    Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean. "Due to high wind and sea states, ...

  • Research and Markets has announced the addition of the "The Nordic Market for Natural & Organic Cosmetics" report to their offering.

  • Shell shuts down 2 key Nigeria pipelines over leaks, sabotage

    Crude oil theft or "bunkering" is a major problem in Nigeria, with estimates that the country loses some $6 billion (4.3 billion euros) in revenue every year because of the practice

  • FTSE posts biggest monthly decline since 2012 Reuters - Fri, Aug 28, 2015 17:20 BST
    A man shelters under an umbrella as he walks past the London Stock Exchange

    The FTSE 100 posted its biggest monthly drop in August since 2012 after fears over China's growth hit global markets, although it managed to recoup more losses on Friday following a volatile start to the week. The FTSE 100 (.FTSE) was 55.91 points, or 0.9 percent, higher on the day at 6,247.94 after a week when it both …

  • Technavio, a tech-focused research firm, has published a new report on the global personal protective equipment market, which is expected to grow at a CAGR of more than 8% from 2015-2019.

  • Oil! Business Insider - Fri, Aug 28, 2015 15:41 BST

    Crude oil is ripping higher again. After rising more than 10% on Thursday, the price of West...

  • Grain mostly higher, livestock mixed Associated Press - Fri, Aug 28, 2015 15:32 BST

    Grain futures were mostly higher in early trading Friday on the Chicago Board of Trade. Wheat for December delivery lost 1.50 cents to $4.88 a bushel; December corn was 2.50 cents higher at $3.7760 a bushel; ...

  • An employee poses for photographs with gold bars at the Korea Gold Exchange in Seoul

    Gold traded flat on Friday, on track to post its biggest weekly drop in five as strong U.S. economic data supported the case for a near-term increase in interest rates. The upward revision in U.S. economic growth in the second quarter to 3.7 percent from the initial estimate of 2.3 percent spurred market expectations that …

  • Research and Markets has announced the addition of the "Research Report on China's Wheat Industry, 2015-2019" report to their offering.

  • OPEC logo is pictured at its headquarters in Vienna

    DUBAI/LONDON (Reuters) - A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output. OPEC delegates, including those from core Gulf OPEC countries, see economic …

  • VEGOILS-Palm snaps eight consecutive weekly losses Reuters - Fri, Aug 28, 2015 11:43 BST

    (Updates with closing prices) By Fransiska Nangoy JAKARTA, Aug 28 (Reuters) - Malaysian palm oil futures ended higher on Friday, posting their first weekly gain after eight consecutive weekly declines, ...

  • Despite their recent gains, both Premier Oil PLC (LON: PMO) and Tullow Oil plc (LON: TLW) still face a slippery future if the price of oil remains low.

  • Britain's FTSE steadies, energy and mining sectors gain Reuters - UK Focus - Fri, Aug 28, 2015 10:15 BST

    Britain's top share index steadied on Friday, supported by gains in energy and mining stocks, after a rollercoaster week that saw it drop to multi-year lows as well as staging its biggest one-day jump ...

  • UK GAS-Prompt gas prices fall on oversupplied system Reuters - UK Focus - Fri, Aug 28, 2015 09:42 BST

    British prompt natural gas prices fell on Friday as higher deliveries from Norway and strong LNG supplies left the system oversupplied, with more gas available for storage injection. Prices for immediate ...

  • Moody's revises G20 growth forecast down to 2.8% in 2016 Sharecast - Fri, Aug 28, 2015 08:46 BST

    (ShareCast News) - Moody's has revised its forecast for gross domestic product growth in the G20 economies down to 2.8% in 2016, from 3.1%.

  • Oil Price Spike As Jittery Markets Recover Sky News - Fri, Aug 28, 2015 07:35 BST
    Oil Price Spike As Jittery Markets Recover

    The recovery to global equity markets has helped the oil price stage its biggest daily jump since December 2008. Brent crude, the international benchmark, surged by 10% yesterday as it was buoyed by positive economic data coming out of the US. The Brent crude price is currently trading at $48.00 per barrel - up from a …

  • ** Australia's metal companies rise, with the ASX 300 Metals & Mining Index gaining as much as 5.2 pct to its highest since Aug 17 ** Dalian iron ore futures gain almost 4 pct to 382 yuan/tonne, highest ...

  • The nearly two-month-long slide in oil prices to 6-1/2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focussed on the persistent glut in the global market caused by unrelenting OPEC output …

  • COLUMN-Fasten seat belts as LME spreads tighten: Andy Home Reuters - UK Focus - Fri, Aug 28, 2015 02:00 BST

    For every action there is an equal and opposite reaction. Or translating Sir Isaac Newton's third law of motion into financial language, markets don't move in straight lines. Although you'd be forgiven ...

  • VEGOILS-Market factors to watch August 27 Reuters - Fri, Aug 28, 2015 01:34 BST

    The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures traded higher on Thursday after six sessions of losses, ...

  • Australian officials threaten to close giant Glencore zinc mine Reuters - UK Focus - Thu, Aug 27, 2015 23:10 BST

    Glencore Plc (Xetra: A1JAGV - news) 's McArthur River zinc mine in Australia could be ordered to close unless it improves its environmental record and increases a financial bond covering rehabilitation of the site, according to government officials. Adam Giles, the chief minister of the Northern Territory where the mine …

  • A car is filled with gasoline at a gas station pump in Carlsbad

    By Barani Krishnan and Jonathan Leff NEW YORK (Reuters) - Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news ...

  • Lonmin sees full-year cash costs below guidance Reuters - Thu, Aug 27, 2015 21:09 BST
    A miner is seen underground at Lonmin Plc's Karee mine in Marikana, Rustenburg

    South Africa-focused platinum producer Lonmin Plc (LMI.L) said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit. The London-listed company remains at risk from platinum prices falling to lows not seen since the …

  • Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management discussion & analysis for the three and nine month periods ended June 30, 2015.

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