Basic Materials News

Latest News

  • (For OSP list, click ) SINGAPORE, Feb 10 (Reuters) - State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for February at $4.60 per barrel, unchanged from the previous month, ...

  • Must Know: What Is Driving Freeport-McMoRan this Month Market Realist - 1 hour 16 minutes ago

    Freeport-McMoRan and other copper producers Teck Resources (TCK) and Turquoise Hill Resources (TRQ) had a nice little rally over the last two weeks. Freeport’s upward price movement is driven by the macro ...

  • Why Freeport-McMoRan’s Nice Little Rally Is Losing Steam Market Realist - 1 hour 17 minutes ago

    In this series, we’ll look at the different factors that have driven Freeport-McMoRan's price movements in the last few days. The metals rally has seemed to fade away as realism about a global economic ...

  • All monetary figures are expressed in U.S. dollars unless otherwise stated)

  • Gold was holding near a 7-1/2-month high on Wednesday as risk aversion sent investors to the safe-haven asset amid a tumble in global stock markets and concerns over the global economy. * Spot gold ticked up 0.2 percent to $1,190.81 an ounce by 0042 GMT. * U.S. gold futures eased 0.6 percent to $1,191.40 after recent …

  • VEGOILS-Market factors to watch Feb 10 Reuters - 2 hours 4 minutes ago

    The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures hit their highest level in nearly 21 months on Friday ...

  • Medallion Pipeline Launches Binding Open Season Business Wire - 2 hours 6 minutes ago

    Medallion Pipeline Company, LLC , a subsidiary of Medallion Midstream LLC, today announced a binding Open Season which solicits long-term commitments from shippers for firm transportation capacity on the third major expansion of Medallion’s existing crude oil pipeline system.

  • Black Stone Minerals, L.P. today announces that the Board of Directors of the general partner has approved a cash distribution of $0.2625 per common unit and $0.18375 per subordinated unit, attributable to the fourth quarter of 2015.

  • NYC's Carnegie Deli reopens after building code violation Associated Press - 2 hours 19 minutes ago

    New York City's Carnegie Deli has reopened after being closed for 10 months due to illegal gas use. The midtown Manhattan delicatessen announced the reopening on its website Tuesday. It was shuttered in ...

  • Britain will struggle to meet CO2 goals without CCS, lawmakers say Reuters - UK Focus - 2 hours 35 minutes ago

    Britain will struggle to meet its goals for emission reductions after it shelved a billion-pound scheme to help commercialise carbon capture and storage (CCS (Shanghai: 600180.SS - news) ) technology last year, lawmakers said on Wednesday. In December, nearly 200 nations agreed in Paris to limit greenhouse gas emissions …

  • Japan Stock Rout Intensifies While Bonds Pull Back; Oil Rebounds

    The afternoon comeback in U.S. equities has becalmed financial markets somewhat, spurring gains in Japanese index futures while capping an advance in government debt. Australian equities extended losses, ...

  • Traders work on the floor of the NYSE

    Shares of Anadarko Petroleum (APC.N) dropped 7 percent to $37.24. The company announced late in the session that it was cutting its dividend, preserving cash at a time when sliding oil prices have fueled losses. Pfizer (PFE.N), up 1.9 percent, and Gilead (GILD.O), up 2.3 percent, gave the biggest boosts to the S&P 500, …

  • IEA: No Oil Price Rally In The Short Term

    The latest IEA oil market report draws a somber image for oil markets in the short term as it expects prices to remain suppressed due to full inventories and increased OPEC crude production

  • Obama’s proposal for a $10.25 oil tax per barrel has sparked immediate backlash. How realistic is the plan?

  • The oil price slump has caused massive job losses throughout the oil and gas sector, but what if companies could retain talent by cutting salaries instead of laying employees off?

  • Four regional banks had their ratings cut by Standard & Poor's late Tuesday on their exposure to loans in the energy sector amid falling oil prices. S&P lowered ratings by one notch on BOK Financial Corp. ...

  • A-Mark posts 2Q profit Associated Press - 4 hours ago

    The Santa Monica, California-based company said it had profit of 19 cents per share. The precious metals trading company posted revenue of $1.53 billion in the period. A-Mark shares have decreased 10 percent ...

  • With the numerous threats to Iranian oil exports, from geopolitics to violent conflict, the most insurmountable problem currently facing both buyers and sellers is insurance

  • Are We Nearing A Transition Point In Oil Production?

    An analysis of upstream oil production costs suggest that production will decline in 2016 and, if demand stays constant, oil prices will rebound

  • Slumping oil prices and their effect on bank lending and markets were a topic of discussion Tuesday at a financial services conference in Miami, on calls with analysts and televised interviews. Investors ...

  • U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. Energy was the day's weakest sector, with ...

  • After NFL Network's Mike Silver reported that Johnny Manziel had shown up to practice drunk and...

  • Centerra Gold 2015 Year-End Reserve and Resource Update

    This news release contains forward-looking information that is subject to the risk factors and assumptions set out on page 7 and in our Cautionary Note Regarding Forward-looking Information on page 9.  ...

  • United Pacific, formerly known as United Oil, one of the largest independent owners, suppliers and operators of gas stations and convenience stores in the Western United States, acquired 2.65 acres for ...

  • Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/2-year lows hit last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weak equities also pressured prices. "The longs got out, the shorts jumped back in and there was possibly a …

  • U.S. stocks ended a volatile session barely lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. Energy was the day's weakest sector, with ...

  • Anadarko Petroleum Corp. says its board approved an 81.5 percent cut in its dividend in a money-saving move. The oil and natural gas company said Tuesday the reduction will save it about $450 million annually. ...

  • Gold Standard Ventures Corp. is pleased to report that it today closed its previously announced private placement financing with Goldcorp Inc. for 16,100,000 common shares of Gold Standard at a price of ...

  • Energy agency says gasoline will average under $2 in 2016

    For the first time since 2004, U.S. drivers are expected to pay an average of less than $2 a gallon for gasoline, the government said Tuesday. They can thank the huge glut of oil around the globe. The ...

  • LONDON/HOUSTON, Feb 7 (Reuters) - As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the …

  • Trading resumes in / Reprise des négociations pour : Company / Société :   Gold Reach Resources Ltd....

  • Silver Bay Realty Trust Corp. announced today that its 2016 Annual Meeting of Stockholders will take place on May 17, 2016 at 9:00 a.m. EDT. The meeting will be held within the Consulate Room at The Ritz-Carlton, Buckhead, located at 3434 Peachtree Road Northeast, Atlanta, Georgia, 30326.

  • Obama unveils record $4.1 trillion election-year budget

    President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the ...

  • U.S. stocks ended a volatile session down slightly on Tuesday as a late-day rally by materials and healthcare shares offset another big drop in oil prices. The Dow Jones industrial average was down 9.32 ...

  • OIL GETS SLAMMED: Here's what you need to know Business Insider - 5 hours ago

    It was another wild day for stocks as equities spent time on either side of the flat line in a...

Next >>