Basic Materials

  • Angola Boasts 16-Month High In Oil Revenues Oilprice.com - 1 hour 25 minutes ago

    Angola’s crude export revenues have reached 16 month highs in January as a result of increased offshore oil production

  • One Shocking Chart On The Death Of A Gold Nation Oilprice.com - 1 hour 53 minutes ago
    One Shocking Chart On The Death Of A Gold Nation

    South Africa, once the world’s largest gold producer has seen its production plunge in the last 15 years as a result of various reasons

  • 4 Best Performing ETFs & Stocks of Last Week Zacks - 3 hours ago

    Utilities, gold, high-dividend stocks, and other safe haven avenues led the way higher last week.

  • ETFs for Nervous Energy Investors U.S.News & World Report - 3 hours ago

    With OPEC trying to curb production (and thus raise prices) and U.S. fracking companies boosting production, oil and gas investors are mulling a big question: What's the best energy play for 2017? Last week, Mohammed al-Sada, Qatar's oil minister, noted that oil-producing nations outside of OPEC had yet to begin curbing production, despite an agreement to do so in late 2016. According to London-based Wood Mackenzie, the oil and gas industry will turn cash-flow positive for the first time since the downturn, but with this caveat: if OPEC production cuts drive oil prices above $55 per barrel.

  • Gold Prices Prepare For Markets Next Breakout DailyFX - 4 hours ago

    Gold Prices Prepare For Markets Next Breakout

  • Power prices 'put jobs at risk': AiGroup AAP - 4 hours ago

    Soaring energy prices, driven by growing gas exports are putting jobs at risk and "politics-driven energy policies" are making the situation worse, Australia's peak business lobby group has warned. Energy pricing and reliability is becoming a key risk for Australian business, a new report from Australian Industry Group report says, with more than half of the 285 private sector CEOs surveyed saying they expect prices to rise this year. AiGroup CEO Innes Willox said the report is new evidence that rising energy prices are exposing businesses new risks "and may see Australia losing jobs and business activities offshore".

  • Silver Price Squaring Off with Notable Resistance DailyFX - 6 hours ago

    Silver Price Squaring Off with Notable Resistance

  • Centrica CEO Says Energy Price Limits May Backfire on Government Bloomberg - 10 hours ago
    Centrica CEO Says Energy Price Limits May Backfire on Government

    Imposing new limits on U.K. power and gas bills may backfire on the government by discouraging utilities from offering cheap deals and suppressing competition, according to the head of Britain’s biggest ...

  • Stocks to watch AAP - 11 hours ago

    Stocks to watch on the Australian stock exchange: APA - APA GROUP - down three cents, or 0.4 per cent, at $8.37 COE - COOPER ENERGY - down one cent, or 2.6 per cent, at 37 cents Gas pipeline major APA ...

  • 'Our daily bread' has hidden climate costs AFP - 11 hours ago
    'Our daily bread' has hidden climate costs

    Nearly half the environmental impact of a loaf of bread comes from the "unsustainable use" of fertilisers on wheat crops, researchers said Monday. Synthetic fertilisers boost yields, but they contain or generate chemicals -- ammonia, nitrates, methane and carbon dioxide, among others -- that drive global warming, they reported in the journal Nature Plants. "This arises from the large amount of energy needed to make the fertiliser, and from nitrous oxide gas released when it is degraded in the soil," said lead author Liam Goucher, a scientist at the University of Sheffield in England.

  • Crude Oil Prices Torn Between Conflicting Supply Trends DailyFX - 13 hours ago

    Crude Oil Prices Torn Between Conflicting Supply Trends

  • India Seeks to Transfer $4.4 Billion HPCL Stake to ONGC, ET Says Bloomberg - 13 hours ago
    India Seeks to Transfer $4.4 Billion HPCL Stake to ONGC, ET Says

    India’s central government will transfer its stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil explorer as part of its plans to create an integrated oil company, The Economic ...

  • Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery AFP - 15 hours ago
    Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery

    Saudi Arabia's Aramco will invest $7 billion in a giant Malaysian oil refinery project, Prime Minister Najib Razak said Monday, as he declared ties with the kingdom were "at an all-time high". The deal between Aramco and Malaysian state energy firm Petronas for the $27 billion project will be signed on Tuesday, the prime minister said. "This is a huge investment and is very significant," said Najib.

  • Have The Majors Given Up On Canada’s Oil Sands? Oilprice.com - 17 hours ago

    Canada’s oil sands may see billions of barrels of oil being permanently left in the ground due to the incredibly high price of production

  • How Russia Is Using Oil Deals To Secure Its Influence In The Middle East Oilprice.com - 17 hours ago

    Putin aims to secure its influence in the Middle East and North Africa with a string of deals between Russian oil companies and petrostates across the region

  • How a Tiny Gold Fund and TV Treasure Hunter Got Out-Sized Return Bloomberg - 17 hours ago
    How a Tiny Gold Fund and TV Treasure Hunter Got Out-Sized Return

    A small Cayman Islands-based startup is using a former reality TV treasure hunter and a contrarian bet on gold to beat funds run by heavyweight firms such as Goldman Sachs and Pimco.

  • APA to buy Orbost gas plant from Cooper AAP - 19 hours ago

    Gas pipeline major APA Group has signed an initial agreement with Cooper Energy to acquire and upgrade the Orbost gas processing plant in Victoria's Gippsland region. APA will acquire the plant from Cooper at cost and then fund capital expenditure for its expansion and upgrade, expected to be $250 million. The deal will leave Cooper free to develop the offshore Sole gas field, and the two companies will sign a gas processing agreement for supply of that gas to the Orbost plant.

  • Oil Prices Aren’t Breaking Out Any Time Soon Oilprice.com - 20 hours ago
    Oil Prices Aren’t Breaking Out Any Time Soon

    With several extreme oil price predictions being made in February, a more conservative analysis of markets is in order, with volatility sure to stay low in 2017

  • The Baltic Sea: Europe’s Forgotten $80 Billion Oil Play? Oilprice.com - 23 hours ago

    Baltic oil, since Soviet led geological tests, has seen a slow but steady development, but a recent flurry of activity has given hope to nearby nations

  • Tax cut no investment silver bullet:report AAP - Sun, Feb 26, 2017 9:01 PM AEDT

    Cutting the business tax rate to 25 per cent would help lift Australia out of its investment doldrums, but it is no silver bullet. Australia has suffered its biggest ever five-year fall in mining investment as the boom unwinds, while since 2009 non-mining business investment has dropped from 12 per cent of gross domestic product to just nine per cent, lower than any point in 50 years. "Low investment risks economic stagnation," the institute's Jim Minifie warns, releasing the report on Sunday.

  • Oil giant taps China's vast geothermal reserves AFP - Sun, Feb 26, 2017 6:50 AM AEDT
    Oil giant taps China's vast geothermal reserves

    Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. While two-thirds of China's electricity is generated by coal, almost all of the homes in northern Hebei province's Xiong district -- home to 400,000 people -- are heated by wells as deep as 1,500 metres (5,000 feet). "This floor heating works like a dream," said Li Fuzeng.

  • Miners regain sparkle as commodity prices rebound AFP - Sun, Feb 26, 2017 6:36 AM AEDT
    Miners regain sparkle as commodity prices rebound

    Increased Chinese spending on housing and hopes of an infrastructure bonanza in the US and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits. "Most miners are going to be making very good cash, and better cash than they have been making for years," UBS commodities analyst Daniel Morgan told AFP. Iron ore, a key ingredient in steelmaking, has been representative of the commodities rollercoaster.

  • Qld mayors invited to meet Adani in India AAP - Sat, Feb 25, 2017 4:23 PM AEDT
    Qld mayors invited to meet Adani in India

    Queensland Premier Annastacia Palaszczuk has invited five regional mayors on her trip to India to meet with the mining giant Adani to discuss the $21 billion Carmichael Coal project. Ms Palaszczuk confirmed on Saturday she wants the mayors to accompany her on the visit next month, which would be part of an overseas trade mission to include Singapore for trade meetings and London for 2018 Gold Coast Commonwealth Games activities. The mayors invited are Jenny Hill from Townsville, where Adani's regional headquarters and remote operations centre will be based, Andrew Willcox from Whitsunday Regional Council, Greg Williamson from Mackay, Anne Baker from Isaac and Margaret Strelow from Rockhampton.

  • Gold Prices March into Fresh 2017 Highs- Fed Outlook in Focus DailyFX - Sat, Feb 25, 2017 3:53 PM AEDT

    Gold Prices March into Fresh 2017 Highs- Fed Outlook in Focus

  • Qld road and rail projects join key list AAP - Sat, Feb 25, 2017 1:59 PM AEDT

    Infrastructure Australia has added several Queensland road and rail projects to its priority list. The independent adviser has identified upgrades to the Cooroy to Curra and Mackay Ring Road sections of the Bruce Highway as crucial for national connectivity. The revised Infrastructure Priority List, which was released on Saturday, also identifies additional transport capacity between Brisbane and the Gold Coast as a new priority initiative.

  • Expert Commentary: Inventory Draws Should Tighten Oil Markets Soon Oilprice.com - Sat, Feb 25, 2017 11:00 AM AEDT
    Expert Commentary: Inventory Draws Should Tighten Oil Markets Soon

    Although crude traded in the same flat range as last week, oil markets see some bullish signs in stronger U.S. gasoline consumption

  • Dakota pipeline could be up within weeks AAP - Sat, Feb 25, 2017 9:41 AM AEDT
    Dakota pipeline could be up within weeks

    Oil could be flowing through the $US3.8 billion ($A4.9 billion) Dakota Access pipeline in less than two weeks, according to court documents filed by the developer. It comes as police and soldiers start clearing a protest camp in North Dakota where pipeline opponents had gathered for the better part of a year. Energy Transfer Partners has finished drilling under Lake Oahe and will soon be laying pipe under the Missouri River reservoir, the Dallas-based company said.

  • What Will It Take For Oil To Breakout? Oilprice.com - Sat, Feb 25, 2017 8:30 AM AEDT
    What Will It Take For Oil To Breakout?

    Oil prices gained slightly as traders interpreted the moderate gasoline draw this week as a sign that gasoline inventories could have peaked

  • YPF S.A. (YPF) Signs Vaca Muerta Shale Agreement with Shell Zacks - Sat, Feb 25, 2017 8:16 AM AEDT
    YPF S.A. (YPF) Signs Vaca Muerta Shale Agreement with Shell

    YPF S.A. (YPF) recently signed a preliminary agreement with the Anglo Dutch oil giant Royal Dutch Shell PLC (RDS.A).

  • Cabot Oil & Gas Q4 Earnings in Line with Estimates, Sales Lag Zacks - Sat, Feb 25, 2017 7:34 AM AEDT
    Cabot Oil & Gas Q4 Earnings in Line with Estimates, Sales Lag

    Domestic energy explorer Cabot Oil & Gas (COG) matched fourth-quarter earnings estimates and reported an increase in proved reserves.

  • Is OPEC Lying To The Oil Markets? Oilprice.com - Sat, Feb 25, 2017 6:09 AM AEDT
    Is OPEC Lying To The Oil Markets?

    OPEC output cut compliance rates may look good at first sight, but its elevated levels of oil exports tell a completely different story

  • SoFi Raises $500 Million Led by Silver Lake for Global Expansion Bloomberg - Sat, Feb 25, 2017 6:00 AM AEDT
    SoFi Raises $500 Million Led by Silver Lake for Global Expansion

    Social Finance Inc. said it raised $500 million in a financing round led by private equity firm Silver Lake Partners. It plans to use the funds for international expansion of its online lending business ...

  • Crude Oil Price Forecast: Pushes Into LT Resistance On Low Volatility DailyFX - Sat, Feb 25, 2017 5:59 AM AEDT

    Crude Oil Price Forecast: Pushes Into LT Resistance On Low Volatility

  • U.S. Oil Rig Count Rises – Up 125 Since OPEC Deal Oilprice.com - Sat, Feb 25, 2017 5:26 AM AEDT
    U.S. Oil Rig Count Rises – Up 125 Since OPEC Deal

    The number of active oil and gas rigs increased again for the week ending Friday 24, continuing the upward trend that the OPEC deal started

  • The Zacks Analyst Blog Highlights: Market Vectors Steel ETF, U.S. Steel, Caterpillar, Emerson Electric … Zacks - Sat, Feb 25, 2017 1:30 AM AEDT

    The Zacks Analyst Blog Highlights: Market Vectors Steel ETF, U.S. Steel, Caterpillar, Emerson Electric and Corning