Basic Materials News

Latest News

  • Indonesia's Tangguh liquefied natural gas export plant has sold a total of three cargoes to BG Group and BP, for July/August loading, trade sources said on Friday.

  • Net Asset Value(s) Business Wire - 57 minutes ago

    LONDON--(BUSINESSWIRE)-- FUND   ¦ db x-trackers Stoxx® Europe 600 Oil & Gas UCITS ETF DEALING DATE ¦ 02-Jul-15 NAV PER SHARE ¦ EUR68.6166 NUMBER OF SHARES IN ISSUE ¦ 905,930 CODE ¦ View source version ...

  • NEW DELHI (Reuters) - India took a step toward selling minority stakes in eight state-run companies including Oil India Ltd (OILI.NS) and power generator NTPC (NTPC.NS) on Friday, part of a drive to sell ...

  • MELBOURNE/TOKYO, July 3 (Reuters) - Supply of high quality copper concentrate shrank more than expected in the first half of this year due to output delays in top miner Chile, squeezing the pipeline for metal producers and likely supporting prices later in 2015, traders said. Production from two of four mines in Chile …

  • The European Union has urged Ukraine and Russia to make concessions to reach a deal after long-term gas talks broke down this week.

  • Metals investors look for miners to cut supplies to lift prices Reuters - UK Focus - 2 hours 8 minutes ago

    Investors in industrial metals will keep a close watch on miners' results in coming weeks for possible announcements of production cutbacks that could bolster weak prices. "What will be very important over the next few weeks is whether we start to see some supply responses emerging during the corporate results period," …

  • Oil drops on rising U.S. rig count Reuters - 2 hours 11 minutes ago
    A petro-industrial factory is reflected in a traffic mirror in Kawasaki near Tokyo

    Oil prices slipped on Friday as a rising U.S. rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. U.S. oil drilling increased this week for the first time after 29 weeks of declines, a sign U.S. crude production may start to increase …

  • Videocon Industries Ltd (VEDI.NS) plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business. "Brazil oil finding is four times higher than the largest oil field in India ... It's just …

  • Oil prices drop amid high US output AFP - 2 hours 25 minutes ago
    Oil prices drop amid high US output

    The price of West Texas Intermediate for August delivery fell 35 cents to $56.58 a barrel

  • Japan's aluminium premiums for July-September shipments were mostly set at a six-year low of $100 as swelling Chinese exports piled more pressure on an already swamped market, five sources directly involved in the talks said. The nearly $300 quarterly drop in premiums, the sharpest such decline ever, is in line with a …

  • Goldman Sachs raised its price targets on BP to 376p from 364p and $34.5 from $33.1, respectively, following the company's settlement over the 2010 Gulf of Mexico oil spill, but retained its 'sell' rating ...

  • June 22 (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 Monday Buyer Volume Prices Terms (tonnes) ...

  • FORM 38.5(b)- DRAGON OIL PLC Business Wire - 4 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 38.5(b)                   IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY CONNECTED EXEMPT PRINCIPAL ...

  • The online retail currency trading platform FXPro has imposed a higher margin on trading the euro, most other major currencies and precious metals to prevent traders from taking fresh speculative positions before the Greek referendum. "We have decided to increase margin requirements to 2 percent for trading the following …

  • Man melts gold at a refinery in the western Indian city of Ahmedabad

    MUMBAI/NEW DELHI (Reuters) - The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters. Gold is India's second-highest import …

  • Scania Adds Norway to its Gas Bus Market Business Wire - 5 hours ago

    Scania has delivered 36 gas-powered buses to passenger transport company Nobina in Norway. This marks a Scania break-through for gas buses in Norway.

  • Britain's Centrica on Friday extended the duration of an unplanned outage at its North Morecambe gas field by six hours, with output now due to resume at 1700 GMT, it said in an updated market message. ...

  • British wholesale gas prices for day-ahead and next-week delivery rose on Friday as traders expected pending maintenance at Norway's giant Troll gasfield to restrict supply. Gas prices for immediate delivery, ...

  • Gold bracelets are on display as a woman makes choices at a jewellery showroom in Kolkata

    MUMBAI/SINGAPORE (Reuters) - Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said. Prices were quoted at a discount of $8 to $15 an ounce over London prices, much wider than the $1 discount in mid-June, they said. …

  • JPMorgan Cazenove upgraded BP to 'overweight' from 'neutral' and raised the price target to 475p from 450p following the company's unexpected settlement on Thursday over the 2010 Gulf of Mexico oil spill....

  • Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has announced the start up of its largest state-of-the-art lubricants oil blending plant in the world, located in Singapore. With an annual production capacity of 310,000 metric tons1, this new major hub will boost Total’s lubricant supply in the Asia-Pacific region, which already …

  • Japan's aluminium premiums for July-September shipments were mostly set at a six-year low of $100 per tonne, plunging 74 percent from the previous quarter due to a supply glut, five sources directly involved ...

  • NORWAY GAS-Flows to Britain ease Reuters - UK Focus - 7 hours ago

    Norwegian pipeline gas exports to Europe fell on Friday on lower deliveries to Britain, while flows to continental Europe held steady, data from gas system operator Gassco showed. Pipeline gas supplies ...

  • Shares (Berlin: DI6.BE - news) in Ukrainian iron ore producer Ferrexpo (Other OTC: FEEXF - news) rose as much as 4 percent in early trade in London on Friday after the company posted a strong increase in iron ore pellet for the first half of the year. The company, majority owned by Ukrainian billionaire and politician …

  • Energy: Wholesale Costs 'At Five-Year Low'

    The first, by the market pricing body ICIS, suggested wholesale prices are at their lowest quarterly average for five years. The other release by Citizen's Advice said homes using pre-payment meters were still paying hundreds of pounds more annually for gas and electricity, leaving many struggling to heat their homes. …

  • Sirius Minerals plc (LON: SXX) has jumped over its biggest hurdle.

  • SYDNEY/SHANGHAI, July 3 (Reuters) - Iron ore prices dropped to the lowest in more than two months on Friday, sending shivers through the mining industry and heightening worries that Chinese economic activity is slowing just as ore piles up at its ports. China uses more than a billion tonnes of iron ore a year to make steel …

  • Iron miner Ferrexpo said on Friday that pellet production grew in the second quarter and in the first half as it reached record production of premium 65% iron ore pellets, which made up 89% of volumes....

  • BUZZ-BP: market cheers Gulf spill settlement Reuters - UK Focus - 8 hours ago

    ** BP shares up c.2 pct, after rising 5 pct yesterday, following news of its settlement to resolve claims from its Gulf of Mexico oil spill five years ago ** Upgraded by JP Morgan to "overweight" ...

  • Company town? In Seattle, some fret over Amazon's growth

    Seattle, notorious for boom-and-bust cycles stretching back to the 19th century Alaska gold rush, is booming once again. Thickets of yellow cranes have crowded the skyline, where new glass-sided office ...

  • An unplanned outage at Centrica's North Morecambe gas field has stopped production due to a technical process issue, with flows expected to resume at midday, Centrica said in a market message. The outage ...

  • BP To Pay $18.7bn To Settle Gulf Spill Cases

    The US government and five states have reached a $18.7bn (£12bn) settlement with BP over the 2010 Deepwater Horizon oil disaster. BP Exploration and Production has been granted up to 18 years to pay the money. The explosion and fire left 11 workers dead and an estimated 473 million litres of oil in the Gulf of Mexico …

  • BP to pay record $18.7 bn over Gulf of Mexico oil spill

    Crews on ships fight to stop the flow of oil from Deepwater Horizon platform after the disaster on May 29, 2010 in the Gulf of Mexico near Venice, Louisiana

  • BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. BP shares jumped more than 5 percent in New York trading as investors said the British company, …

  • Half a world away from the crisis unfolding in Greece, Nelly Skoufatoglou is shopping online for toilet paper, detergents, rice and olive oil to be delivered to her mother's home near Athens. Skoufatoglou is one of tens of thousands of Greek Australians who have fled to Australia to escape the economic woes of her birthplace, …

Next >>