Basic Materials

  • Nucor (NUE) to Take Over Southland Tube for $130 Million Zacks - 1 hour 35 minutes ago
    Nucor (NUE) to Take Over Southland Tube for $130 Million

    Nucor Corporation (NUE) has agreed to buy an independent producer of hollow structural section steel tubing, Southland Tube, for $130 million.

  • Increased Earnings Estimates Seen for Northern Oil and Gas (NOG): Can It Move Higher? Zacks - 2 hours 30 minutes ago
    Increased Earnings Estimates Seen for Northern Oil and Gas (NOG): Can It Move Higher?

    Northern Oil and Gas (NOG) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision.

  • Increased Earnings Estimates Seen For HudBay Minerals (HBM): Can It Move Higher? Zacks - 2 hours 34 minutes ago
    Increased Earnings Estimates Seen For HudBay Minerals (HBM): Can It Move Higher?

    HudBay Minerals (HBM) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.

  • Is Now a Good Time to Invest in Energy Stocks? U.S.News & World Report - 4 hours ago

    Earlier this year, crude oil prices plunged to a low of $26 per barrel and natural gas prices faced significant pressure. While the price per barrel has recently climbed to about $50, many exploration and production companies failed, or were on the brink of failure, over the past year as borrowing rates surged and the ability to service debt was in peril.

  • Gold Prices May Bounce in Pre-Positioning for FOMC Meeting DailyFX - 6 hours ago

    Gold Prices May Bounce in Pre-Positioning for FOMC Meeting

  • Oman Plans to Sell as Much as $2 Billion of Bonds Amid Deficit Bloomberg - 7 hours ago
    Oman Plans to Sell as Much as $2 Billion of Bonds Amid Deficit

    Oman, the largest Arab oil producer that’s not an OPEC member, plans to sell between $1.5 billion to $2 billion of bonds internationally in 2017 to plug a deficit caused by low crude prices.

  • U.A.E. Oil Minister Says OPEC Will Act Again If Prices Decline Bloomberg - 8 hours ago
    U.A.E. Oil Minister Says OPEC Will Act Again If Prices Decline

    A cut in global oil output by 1.8 million barrels a day would be enough to balance the crude market, and OPEC is ready to take further action if prices fail to stabilize, United Arab Emirates Energy Minister ...

  • Delays to cut Alacer Gold's output AAP - 9 hours ago

    Shares in Alacer Gold have slipped after the Turkey-focused gold miner cut its output guidance for the year, citing production delays. Alacer said it has faced delays in accessing higher grade ore at the Marble Pit site, which had led to production delays in the third quarter. Alacer now expects to produce between 115,000 to 125,000 ounces of gold in 2016, down from its previous estimate of 150,000 to 170,000 ounces.

  • Oil slips on doubts that output cut will be deep enough to end glut CNBC - 9 hours ago
    Oil slips on doubts that output cut will be deep enough to end glut

    Oil prices slipped on persistent doubts a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang.

  • Stocks to watch AAP - 10 hours ago

    Stocks of interest on the Australian share market AQG - ALACER GOLD - down 7 cents, or 2.8 per cent, at $2.44 Turkey-focused miner Alacer Gold has cut its output guidance and raised cost guidance for 2016, ...

  • Iran to sign oil, gas deals with Shell AFP - 11 hours ago
    Iran to sign oil, gas deals with Shell

    Iran signed a preliminary agreement with Shell on Wednesday to work towards developing major oil and gas fields as it seeks to boost its output. The deals open the way for Shell to carry out assessments ...

  • Delays to cut Alacer Gold's 2016 output AAP - 12 hours ago

    Shares in Alacer Gold have slipped four per cent after the Turkey-focused gold miner cut its output guidance for the year, citing production delays. Alacer said it has faced delays in accessing higher grade ore at the Marble Pit site, which had led to production delays in the third quarter. Alacer now expects to produce between 115,000 to 125,000 ounces of gold in 2016, down from its previous estimate of 150,000 to 170,000 ounces.

  • The ‘Weird’ Commodity Hurting the Bears as Prices Double Bloomberg - 12 hours ago
    The ‘Weird’ Commodity Hurting the Bears as Prices Double

    Iron ore’s probably heading for a retreat in 2017 as new mine supply comes online and a surplus builds, according to UBS Group AG, which acknowledged that the commodity’s recent surge was unexpected and ...

  • GC growers look to truck cane to NSW AAP - 13 hours ago

    Gold Coast sugarcane farmers are preparing to truck some of their crop to NSW in an attempt to salvage something from this year's harvest. Growers on the northern end of the Gold Coast have been scrambling to get this summer's crop crushed after a fire shut down the region's only mill late last month. Already delayed after repairs to the Rocky Point Sugar Mill, local growers were facing a disastrous harvest when the 130-year-old facility was damaged in the blaze on November 29.

  • UK industrial output unexpectedly drops: official data AFP - 14 hours ago
    UK industrial output unexpectedly drops: official data

    Britain's industrial production has taken an unexpected tumble, hurt by a sharp slide in oil and gas extraction, official data showed on Wednesday. Output sank 1.3 percent in October compared with activity in September, the Office for National Statistics (ONS) revealed in a statement. Production was hurt by the shutdown of the Buzzard North Sea oil field -- one of Britain's biggest -- which was closed for maintenance, the ONS noted.

  • Nigerian power problems hold back economy AAP - 14 hours ago

    Nigeria's biggest power station shows the huge problems that President Muhammadu Buhari must overcome if he is to fulfil his promise to tackle chronic electricity shortages and reform an economy in recession. On the outskirts of Lagos, three out of six turbines lie idle at the Egbin plant, starved both of gas due to militant attacks on pipelines that supply the station - and of funds that would allow its owners to buy alternative fuels and even implement an expansion plan. Buhari won last year's presidential election with pledges to increase power capacity exponentially during his four-year term and meet the demands of Nigeria's 180 million people entirely within a decade.

  • OPEC Cheating Will Cap Oil At $52 Oilprice.com - 16 hours ago

    Oil prices rallied strongly following the apparently successfully OPEC production cut meeting, but the cartel’s habit of cheating is putting a ceiling on gains

  • Iran to to sign oil and gas deals with Total, Shell AFP - 16 hours ago
    Iran to to sign oil and gas deals with Total, Shell

    Iran was set to sign preliminary agreements with Total and Shell Wednesday to develop major oil and gas fields as it seeks to boost its output, an oil official said. The deals include a $10-12 billion expansion of the South Azadegan oil field and another project at the Yadavaran oil field, both in southwestern Iran, as well as an offshore gas field near Kish Island in the Gulf. The official, speaking on condition of anonymity, did not specify how the projects would be divided between France's Total and Anglo-Dutch giant Shell.

  • Oil & Gas Stocks Soar On OPEC Deal – Can The Rally Continue? Oilprice.com - 16 hours ago

    Oil & Gas stocks surged in the wake of the OPEC deal, but some intense profit taking and falling oil prices could upend the rally

  • Venezuela’s Maduro Praises The OPEC Deal, But How Good Is It Really? Oilprice.com - 17 hours ago

    The much coveted OPEC output cut was praised by Venezuela’s President Nicolas Maduro, but the slightly higher oil prices are unlikely to save the country from a collective default

  • Alacer Gold cuts 2016 output guidance AAP - 17 hours ago

    Turkey-focused miner Alacer Gold has cut its output guidance and raised cost guidance for 2016 citing production delays. It now expects to produce between 115,000 to 125,000 ounces of gold, down from its previous estimate of 150,000 to 170,000 ounces. The gold miner said, while it has revived production that had been impacted due to delays in accessing higher grade ore in the Marble Pit site, the slower than expected flow of solution will mean it will not meet the earlier guidance and that it expects the shortfall to be made up in 2017.

  • Oil Reacts Stoically As API Reports Biggest Cushing Inventory Build Since 2008 Oilprice.com - 17 hours ago

    Oil markets showed little sign of live after the API reported a significant build in crude inventories in Cushing, whilst reporting an overall crude draw

  • Stock Market Roundup Dec. 6: CMG, TEVA, Oil Futures Fall Zacks - 17 hours ago

    Although it was a relatively sound trading day overall, Tuesday was marred by nervousness and hesitation for some struggling companies and oil futures.

  • Standing Rock Sioux Chairman Asks Dakota Protesters to Leave Bloomberg - 17 hours ago
    Standing Rock Sioux Chairman Asks Dakota Protesters to Leave

    Standing Rock Sioux’s Tribal Chairman asked protesters camped near the site of the Dakota Access oil pipeline to return to their homes following the Obama administration’s decision to block the line.

  • Agnico Eagle Enters Agreement with G4G Capital Zacks - 18 hours ago
    Agnico Eagle Enters Agreement with G4G Capital

    Agnico Eagle Mines Limited (AEM) said that it has entered into a share purchase deal with G4G Capital Corp. which is proposed to be renamed White Gold Corp. (the "Issuer").

  • Permian - Hottest Oil & Gas Zip Codes, Or Dangerous Bubble? Oilprice.com - 18 hours ago
    Permian - Hottest Oil & Gas Zip Codes, Or Dangerous Bubble?

    Despite the collapse in oil prices in 2014, the deal flow in oil and gas is still very slow, and those deals that do go through are often going for a very high price

  • Op-Ed: Oil prices jumped 40% this year—but don't get too excited CNBC - 18 hours ago
    Op-Ed: Oil prices jumped 40% this year—but don't get too excited

    Oil is having a spectacular year. But that's not cause for celebration just yet, says Michael Farr.

  • Oil Rally Hits The Wall As Markets Grow More Skeptical Of OPEC Deal Oilprice.com - 19 hours ago
    Oil Rally Hits The Wall As Markets Grow More Skeptical Of OPEC Deal

    After rallying to 16 month highs on the back of the OPEC output deal, oil is falling as a result of record OPEC production, complicating the proposed cuts

  • Gold Prices – One More Dump Then Higher? DailyFX - 20 hours ago

    Gold Prices – One More Dump Then Higher?

  • Crude Oil Back and Fill Action at the Breakout Level DailyFX - 20 hours ago

    Crude Oil Back and Fill Action at the Breakout Level

  • Here's Why Oil Prices Slipped Today Zacks - 20 hours ago

    After four sessions of gains that brought prices to their highest levels in more than a year, oil futures slipped on Tuesday. By midday, January WTI prices were down nearly 1.85%, while February Brent Crude prices were down about 1.75%.

  • OPEC Winners: Iran Brags It Can Now Sell As Much Oil As It Wants Oilprice.com - 21 hours ago

    Iran is now able to sell as much oil as it wants and to any country it “deems appropriate” according to President Rouhani

  • Gold Prices and US Dollar Pause Ahead of FOMC DailyFX - 21 hours ago

    Gold Prices and US Dollar Pause Ahead of FOMC

  • Steel ETF Looks Promising after Trump Win Zacks - 21 hours ago

    One of the primary driving forces behind the surge in steel ETF has been Donald Trump's win.

  • French Socialists risk meltdown in stricken steel belt AFP - 22 hours ago
    French Socialists risk meltdown in stricken steel belt

    Towering above the Moselle valley in northeast France are two rusting testaments to the dashed hopes of Francois Hollande's presidency that loom large over the election of his successor next year. Five years after steel giant ArcelorMittal snuffed out the last two blast furnaces in a crucible of France's heavy industry, the workers who fought to save their beloved "cathedrals", as they call them, are still seething. Lakshmi Mittal, the Indian billionaire owner of the sprawling steelworks that runs between the towns of Florange and Hayange, is the target of much of their ire.