Basic Materials

  • US: Trump, Clinton spar over TPP, allies AAP - 3 hours ago

    Donald Trump has jumped on comments made by rival Hillary Clinton in Australia four years ago to argue during their debate she will approve the Trans-Pacific Partnership if elected US president. "You called it the gold standard of trade deals," Trump said, calling out Clinton early in the first US presidential debate when they argued over the TPP. Clinton had championed the TPP, a proposed trade pact between the US, Australia, Japan, New Zealand, Canada, Mexico, Chile, Singapore, Malaysia, Brunei, Vietnam and Peru, when she was secretary of state.

  • Ministers' pay, public sector bonuses cut AAP - 4 hours ago

    Saudi Arabia will cut ministers' salaries by 20 per cent and scale back financial perks for public sector employees in one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices. The measures, disclosed in a cabinet statement and royal decree broadcast on state-run Ekhbariya TV, constitute the first pay cuts for government employees, who make up about two-thirds of working Saudis. "The cabinet has decided to stop and cancel some bonuses and financial benefits," read a line of text on Ekhbariya, as a minister read to assembled ministers and royals, including King Salman, a list of cuts in various grades in the civil service.

  • PDVSA Raises Debt Swap Exchange Offer, Sets $5.3 Billion Limit Bloomberg - 5 hours ago

    Venezuela’s state-owned oil company offered an improved deal to bondholders as it seeks to push back debt payments coming due this year and next.

  • Trump raises Clinton Australian TPP speech AAP - 6 hours ago

    Donald Trump has jumped on comments made by rival Hillary Clinton in Australia four years ago to argue during their debate she will approve the Trans-Pacific Partnership if elected US president. Ms Clinton, while US Secretary of State during President Barack Obama's first term, declared in a speech in Adelaide on her 2012 Australian tour the "TPP sets the gold standard in trade agreements to open free, transparent, fair trade". The TPP is a proposed trade pact between Australia, the US, New Zealand, Japan, Canada, Vietnam, Singapore and five other nations.

  • How China fueled pain and Trump support AAP - 7 hours ago

    Crushed by Chinese competition and feeling betrayed by mainstream politicians, workers in the hills of eastern Ohio are embracing Donald Trump and his tough talk on trade. The aluminum plant is out of business, doomed by China's domination of the global aluminum market. In an angry election year, some of America's angriest voters live in places like Monroe County where local economies have been punished by price competition with China.

  • Gold Prices Await Fed Guidance, Crude Oil Eyes OPEC Meeting DailyFX - 7 hours ago

    Gold Prices Await Fed Guidance, Crude Oil Eyes OPEC Meeting

  • Oil Halts Advance Near $46 as More OPEC Members Back Output Deal Bloomberg - 8 hours ago
    Oil Halts Advance Near $46 as More OPEC Members Back Output Deal

    Oil halted its advance below $46 a barrel as OPEC members Nigeria and the United Arab Emirates backed reaching a deal to stabilize markets when the group meets Wednesday in Algiers.

  • Cramer: The one part of the whole energy complex I dislike CNBC - 9 hours ago
    Cramer: The one part of the whole energy complex I dislike

    Jim Cramer gives his opinion on various caller stocks, including the one segment of the oil patch he dislikes.

  • OPEC’s Meeting: The Real Show Is On The Sidelines Oilprice.com - 9 hours ago

    OPEC’s Algeria meeting is unlikely to yield any tangible result for oil markets and will at best give some sort of psychological boost to crude prices

  • Oil And Gas Bankruptcies Set To Double This Year Oilprice.com - 10 hours ago

    Creditors from bankrupt oil and gas companies are suffering in the current climate, as loan recovery rates have plummeted while insolvencies have increased

  • Merrill Lynch Sees End Of OPEC Market Share War Oilprice.com - 10 hours ago

    The decline of new oil and gas investments means the current oil glut’s days are numbered, according to a new report from Merrill Lynch

  • Where To Find Value In Today’s Energy Markets Oilprice.com - 11 hours ago

    The easy money in the oil market bounce back has been made in the U.S., but as the markets settle into a range, the real opportunities are abroad

  • Low Gas Prices, Attractive Launches Drive Auto Sector Sales Zacks - 11 hours ago

    Low Gas Prices, Attractive Launches Drive Auto Sector Sales

  • U.S. Tally of Oil and Natural Gas Rigs Rise by 5 to 511 Zacks - 12 hours ago
    U.S. Tally of Oil and Natural Gas Rigs Rise by 5 to 511

    Number of rigs searching for oil and gas in U.S. was up by 5 from the previous week to 511 -- the most since February.

  • One trader’s plan to triple his money on gold CNBC - 13 hours ago
    One trader’s plan to triple his money on gold

    Trader Todd Gordon thinks gold is headed to break through its current range, and he plans to capitalize on the potential gain.

  • Desperate Saudi Arabia Offers To Cut Production By 500,000 Barrels Oilprice.com - 14 hours ago
    Desperate Saudi Arabia Offers To Cut Production By 500,000 Barrels

    Saudi Arabia’s oil policy, unveiled just under two years ago, has backfired spectacularly, and as pressure mounts the Kingdom is looking to cut 500,000 barrels of oil

  • Forget the OPEC oil freeze — worry about the thaw in output CNBC - 14 hours ago
    Forget the OPEC oil freeze — worry about the thaw in output

    Goldman Sachs and others are looking beyond this week's oil producer meeting and focusing on the return of crude from Iraq, Libya and Nigeria.

  • Is The Next Shale Boom About To Unfold In Mexico? Oilprice.com - 15 hours ago

    Mexico could auction off shale acreage as soon as the second quarter of next year in order to offset flagging offshore oil output

  • Volatility Off The Charts As OPEC Meets In Algiers Oilprice.com - 16 hours ago
    Volatility Off The Charts As OPEC Meets In Algiers

    Oil prices spiked on Monday morning as OPEC members gather in Algiers to talking about ‘stabilizing’ oil markets

  • Low Oil Prices Are Not The Reason Oil Companies Are Going Bankrupt Oilprice.com - 17 hours ago
    Low Oil Prices Are Not The Reason Oil Companies Are Going Bankrupt

    Low prices are surprisingly enough not the direct cause of bankruptcies in oil and gas, the real reason for the increasing number of chapter 11’s is the booking of oil reserves

  • Canada Stocks Fall With Global Markets Amid Bank Uncertainty Bloomberg - 17 hours ago

    Canadian stocks declined a second day, tracking losses in U.S. shares spurred by weakness in banks, while investors prepare for the U.S. presidential debate and a meeting between major oil producers this ...

  • OPEC will cut production this week–if key members stop seeking exemptions Quartz - 18 hours ago
    OPEC will cut production this week–if key members stop seeking exemptions

    Entering their third year of suffering, the world’s oil producers eagerly desire higher prices–above $60 a barrel if they can get it. In that hope, OPEC ministers are meeting in Algiers starting today to try to recapture their former selves by capping production. Or so they say. For all their talk, OPEC representatives will probably…

  • Exxon Likely to Divest Norwegian Assets Worth $1 Billion Zacks - 18 hours ago
    Exxon Likely to Divest Norwegian Assets Worth $1 Billion

    According to a report recently published by Bloomberg, super major Exxon Mobil Corporation (XOM) is contemplating the divestment of some oil fields in Norway's North Sea.

  • ConocoPhillips Inks MoU in Alaska to Boost North Slope LNG Zacks - 18 hours ago
    ConocoPhillips Inks MoU in Alaska to Boost North Slope LNG

    ConocoPhillips (COP) recently inked a memorandum of understanding with the State of Alaska to form a joint venture (JV) to buy and sell liquefied natural gas from North Slope to global markets.

  • Stock Market News for September 26, 2016 Zacks - 18 hours ago

    Slump in oil prices dragged benchmarks down on Friday

  • Gold & Silver Regain Momentum: 4 Mutual Funds to Buy Zacks - 18 hours ago

    Fed's no rate hike decision helped precious metals to witness an impressive rebound last week.

  • The Zacks Analyst Blog Highlights: iShares Gold ETF, VanEck Vectors Coal ETF, Raytheon, Northrop Grumman … Zacks - 19 hours ago

    The Zacks Analyst Blog Highlights: iShares Gold ETF, VanEck Vectors Coal ETF, Raytheon, Northrop Grumman and iShares NASDAQ Biotech ETF

  • East Timor Sea conciliation to proceed AAP - 19 hours ago

    A United Nations conciliation commission has ruled that it has jurisdiction to hear a maritime boundary dispute between East Timor and Australia, rejecting objections from Canberra. East Timor sought the compulsory conciliation to decide the boundaries of a large oil and gas field over which the two countries have a revenue-sharing agreement, arguing that alleged Australian spying on its officials rendered the 2006 agreement flawed. After hearings in The Hague last month, the conciliation commission ruled on Monday that it had the jurisdiction to hear the case, despite objections from Australia which has refused to negotiate a permanent boundary.

  • Dow futures fall 100 points; presidential debate and OPEC meeting in focus CNBC - 19 hours ago
    Dow futures fall 100 points; presidential debate and OPEC meeting in focus

    U.S. stock-index futures fell on Monday, indicating a lower start to trade on Wall Street, as global shares fell ahead of the oil producers’ meeting in Algiers.

  • OPEC unlikely to clinch oil deal until November, analysts say CNBC - 20 hours ago
    OPEC unlikely to clinch oil deal until November, analysts say

    Oil producers are unlikely to settle on any kind of deal in Algeria this week, postponing hopes for an end to the current supply glut until November.

  • Silver Prices: Turn Lower Furthering Wedge Pattern DailyFX - 21 hours ago

    Silver Prices: Turn Lower Furthering Wedge Pattern

  • Sale of South African Oil Reserves ‘Careless,’ Regulator Says Bloomberg - 21 hours ago

    South Africa’s Strategic Fuel Fund failed to notify the National Treasury of a sale of crude oil reserves and to properly safeguard the assets, the nation’s Auditor-General said in a report to lawmakers....

  • U.K. Labour Party Would Ban Hydraulic Fracking for Shale Gas Bloomberg - 23 hours ago

    The U.K. opposition Labour Party would ban hydraulic fracturing for shale gas if it wins the next general election, according to its energy spokesman Barry Gardiner.

  • Hague to arbitrate in Timor-Aust dispute AAP - 23 hours ago

    The Permanent Court of Arbitration in The Hague will oversee a compulsory arbitration between East Timor and Australia on their maritime boundary, rejecting Australia's objections. East Timor asked for the process which could decide on which side of the border lies a large oil and gas field over which the two countries have a revenue-sharing agreement. Australia has resisted negotiating a permanent border until 2056 at the earliest.

  • Chinalco Mining Surges by Record After Parent Offers Buyout Bloomberg - Mon, Sep 26, 2016 6:26 PM AEST

    Chinalco Mining Corp. International advanced the most on record after owner Aluminum Corp. of China, or Chinalco, offered a premium of about one third to take the Hong Kong-listed unit private. Shares ...