Basic Materials

  • Chalco ‘Not Optimistic’ on Aluminum Market After Boosting Profit Bloomberg - 6 hours ago

    Aluminum Corp. of China warned that prices for the metal may retreat, after the country’s biggest state-owned producer posted higher first-half profits.

  • Crude Oil Prices Rise on OPEC Deal Hopes, Yellen Threatens Gold DailyFX - 7 hours ago

    Crude Oil Prices Rise on OPEC Deal Hopes, Yellen Threatens Gold

  • Gold Price Finally Distancing from Trendline DailyFX - 8 hours ago

    Gold Price Finally Distancing from Trendline

  • Crude Oil – Bullish Setup is on a Trendline Re-Test DailyFX - 8 hours ago

    Crude Oil – Bullish Setup is on a Trendline Re-Test

  • Blackstone Unleashes Cash Hoard in Texas Shale Oil Land Grab Bloomberg - 9 hours ago

    Blackstone Energy Partners LP is partnering with two oil and gas companies as it targets assets in the sought-after Permian shale formation.

  • WTI Technical Analysis Signals ‘Sell’ to Some Investors: Chart Bloomberg - 9 hours ago
    WTI Technical Analysis Signals ‘Sell’ to Some Investors: Chart

    A closely-watched technical indicator signals West Texas Intermediate crude may decline, according to Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York. The U.S. oil ...

  • Oil Markets On Edge Awaiting Yellen's Speech Oilprice.com - 14 hours ago
    Oil Markets On Edge Awaiting Yellen's Speech

    Oil prices are slightly up on Thursday morning as a result of a weaker dollar

  • China’s Oil Majors Are Burning Through Oil Reserves Oilprice.com - 14 hours ago

    Dismal earnings and depleting reserves make for a worrisome outlook for some of China’s biggest oil companies

  • Late Shale Pioneer McClendon’s Wine Collection Up for Auction Bloomberg - 14 hours ago

    Chesapeake Energy Corp. co-founder Aubrey McClendon’s multi-million dollar wine collection is going up for auction less than six months after the shale-gas trailblazer perished in an Oklahoma City car ...

  • Here's why olive oil prices are likely to remain stubbornly high CNBC - 14 hours ago
    Here's why olive oil prices are likely to remain stubbornly high

    Olive oil prices may have softened this year after a stellar 2015, but one analyst isn't expecting a sudden plunge.

  • Penniless Copper Giant Sells Bonds as Output Drop Looms Bloomberg - 15 hours ago
    Penniless Copper Giant Sells Bonds as Output Drop Looms

    Chile’s state-owned Codelco, the world’s largest copper producer, sold its first bond in the local market in about a decade to pay down debt and fund expansion plans as it seeks to maintain production ...

  • Why Oil Investors Should Look Beyond The OPEC Meeting Oilprice.com - 16 hours ago

    While the upcoming OPEC meeting has already boosted oil prices, it is a rather insignificant happening for the industry as a whole, therefore investors must look beyond it

  • Aussie property market is at its peak in these areas Yahoo7 Finance - 16 hours ago
    Aussie property market is at its peak in these areas

    Apartments in Melbourne, the Gold Coast, Newcastle and the NSW Central Coast are at the peak of the market in august according to the latest Herron Todd White's property clock for units - a simple broad brush means of indicating where property prices are.

  • Petrobras Unit Sale to Mitsui Permitted by Brazilian Judge Zacks - 17 hours ago
    Petrobras Unit Sale to Mitsui Permitted by Brazilian Judge

    Brazil's state-run energy giant, Petroleo Brasileiro S.A. or Petrobras (PBR), received clearance from a Brazilian federal judge to sell 49% stake in its Gaspetro natural-gas distribution unit to Japan's Mitsui & Co.

  • Iran’s Oil Minister Will Join OPEC Talks on Market in Algeria Bloomberg - 17 hours ago
    Iran’s Oil Minister Will Join OPEC Talks on Market in Algeria

    Iran’s Oil Minister Bijan Namdar Zanganeh will participate in an informal meeting of OPEC members next month in Algiers, a state news service reported.

  • PetroChina (PTR) Half-Year Profits Collapse on Crude Slump Zacks - 18 hours ago
    PetroChina (PTR) Half-Year Profits Collapse on Crude Slump

    PetroChina (PTR), the country's biggest oil and gas producer, posted steep plunge in its first-half profits as crude prices tumbled.

  • WTI Crude Oil Price Forecast: Daily Support and Resistance Levels DailyFX - 18 hours ago

    WTI Crude Oil Price Forecast: Daily Support and Resistance Levels

  • CNOOC (CEO) Incurs Loss in 1H16; Revenues Decrease Y/Y Zacks - 19 hours ago
    CNOOC (CEO) Incurs Loss in 1H16; Revenues Decrease Y/Y

    China National Offshore Oil Corp. or CNOOC (CEO), reported net loss of RMB 7.74 billion ($1.2 billion) for the first half of 2016.

  • Silver Prices Continue to Erode into Big Picture Support Zone DailyFX - 20 hours ago

    Silver Prices Continue to Erode into Big Picture Support Zone

  • Sibanye’s Profit Climbs Sixfold on Higher Gold Price, Weak Rand Bloomberg - 23 hours ago

    Sibanye Gold Ltd., the biggest miner of South African gold, said first-half earnings climbed more than sixfold and raised its dividend as a rising bullion price and a weak rand boosted profit margins.

  • Nigerian banks are being barred from forex trading as a dollar crunch worsens Quartz - 23 hours ago
    Nigerian banks are being barred from forex trading as a dollar crunch worsens

    The Central Bank of Nigeria (CBN) has suspended nine banks in the country from the inter-bank foreign exchange market due to a failure to remit government income to the government’s coffers, according to reports. The affected banks collectively failed to remit a total of $2.3 billion in deposits belonging to the national oil and gas…

  • European, US equities slide awaiting Fed AFP - Thu, Aug 25, 2016 3:04 PM AEST
    European, US equities slide awaiting Fed

    European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen. Mid-afternoon, Frankfurt had shed ...

  • Russian gas pipeline 'bad' for Europe: Biden AFP - Thu, Aug 25, 2016 2:29 PM AEST
    Russian gas pipeline 'bad' for Europe: Biden

    Russia's pipeline project to pump gas to Germany under the Baltic Sea is a bad deal for Europe that would destabilise Ukraine, US Vice President Joe Biden said Thursday. "From our perspective, the Nord Stream 2 pipeline is a fundamentally bad deal for Europe," Biden said during a visit to Stockholm where he met with Swedish Prime Minister Stefan Lofven.

  • This very useful commodity will be the only one to miss the rally CNBC - Thu, Aug 25, 2016 12:15 PM AEST
    This very useful commodity will be the only one to miss the rally

    Not all commodities will ride the wave of recovery into 2017; palm oil prices are set to buck the trend.

  • European equities slide in choppy trade AFP - Thu, Aug 25, 2016 11:20 AM AEST
    European equities slide in choppy trade

    European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen. In late morning deals, Frankfurt ...

  • Professional worker exodus reshapes Qatar AAP - Thu, Aug 25, 2016 11:01 AM AEST

    Five years ago Samer Habib left the United Arab Emirates and moved to Qatar where he opened a restaurant that turned a profit serving Lebanese salads and sandwiches to expats. Like other Gulf states heavily dependent on energy sales, Qatar - the world's top liquefied natural gas exporter - has sought to cushion the impact of lower oil prices on its finances by raising utility bills and slashing spending. Many of the foreign workers who make up the bulk of the 2.5 million-strong population have been affected.

  • Iluka posts $20.9m half-year loss AAP - Thu, Aug 25, 2016 10:18 AM AEST

    Mineral sands miner Iluka Resources has suffered a $20.9 million half-year loss as a fall in iron ore royalty income and the cost of trialling new mining techniques drag it into the red. The miner's revenue fell 7.6 per cent to $359.6 million for the half-year to June 30 as its production of mineral sands rose but revenue per tonne fell 10.2 per cent.

  • Japan Shares Slide as Crude Weighs on Oil Stocks Ahead of Yellen Bloomberg - Thu, Aug 25, 2016 10:17 AM AEST

    Japanese shares fell, as a slump in crude prices led oil related stocks lower while exporters pared Wednesday’s rally ahead of a speech by Federal Reserve Chair Janet Yellen.

  • Russia's biggest bank upbeat on 2016 AFP - Thu, Aug 25, 2016 9:52 AM AEST
    Russia's biggest bank upbeat on 2016

    Russia's largest lender Sberbank on Thursday announced it almost tripled its profits in the second quarter and predicted further stabilisation of the economy this year despite credit growth slowing. CEO German Gref said the results came on the back of "some signs of stabilisation, such as the oil prices rising and the ruble strengthening", as well as expectations of a return to positive GDP growth in the second half of the year. Russia has been battered by the longest recession to hit the country during President Vladimir Putin's more than 16 years at the helm caused by low oil prices and Western sanctions over the Ukraine crisis.

  • Asia energy stocks hit by oil sell-off, eyes on Yellen AFP - Thu, Aug 25, 2016 9:13 AM AEST
    Asia energy stocks hit by oil sell-off, eyes on Yellen

    Asian energy firms suffered further losses Thursday after another sharp fall in oil prices, while currency traders moved cautiously the day before a key speech by Federal Reserve boss Janet Yellen. World ...

  • Iraq Needs Oil Companies to Drill More, But Can it Pay? Oilprice.com - Thu, Aug 25, 2016 9:00 AM AEST

    The Iraqi government is asking international oil companies operating in the country to continue to produce oil, but to get used to lower oil prices

  • Gold Prices Breach Range Support Ahead of Key Yellen Speech DailyFX - Thu, Aug 25, 2016 8:56 AM AEST

    Gold Prices Breach Range Support Ahead of Key Yellen Speech

  • California Passes Toughest Greenhouse Gas Emission Curbs Bloomberg - Thu, Aug 25, 2016 7:42 AM AEST

    California is poised to make the nation’s strictest carbon emission controls even tougher, with a bill to cut greenhouse-gas discharges to 40 percent less than 1990 levels by 2030 now headed to Governor ...

  • China's CNOOC reports $1.16 bn net loss AFP - Thu, Aug 25, 2016 7:06 AM AEST
    China's CNOOC reports $1.16 bn net loss

    China's main offshore oil and gas producer CNOOC saw its shares on the Hong Kong stock exchange fall on Thursday, after it reported a $1.16 billion net loss for the first half of 2016. It was the company's first half-year loss since it started trading on the Hong Kong exchange in 2000, with CNOOC blaming low oil prices and write-downs on assets for its performance. CNOOC posted a net loss for the six months ending June 30 of 7.74 billion yuan ($1.16 billion), alongside a 25.4 percent drop in revenue to 66.83 billion yuan.

  • The Eagle Ford: Down But Not Out Oilprice.com - Thu, Aug 25, 2016 7:00 AM AEST

    While the Eagle Ford has seen some of the steepest decline rates in oil production so far, the potential of this basin remains enormous