Basic Materials

  • Origin signs deal to supply gas to Engie AAP - 25 minutes ago

    Origin Energy has signed a three-year agreement to supply gas to French energy major Engie's Pelican Point power plant in South Australia. The energy producer and retailer will also source 240 mega watts of electricity from the plant for a fixed charge to supply its SA customers. Origin has also separately agreed to supply eight peta-joules of natural gas to Engie over the 2018 and 2019 calendar years to help it meet the needs of its local customers.

  • Engie to run SA power plant at capacity AAP - 30 minutes ago

    Power company Engie will return its Pelican Point power station in Adelaide to full capacity from July to help meet South Australia's power needs. The company says it has secured gas supplies and has signed contracts to deliver 479 megawatts of electricity to the market from July 1. Engie Australia chief executive Alex Keisser says work will begin immediately on a $40 million upgrade to the plant's second gas turbine to improve its reliability and efficiency.

  • The Wealthiest Oil & Gas Billionaires In The U.S. Oilprice.com - 1 hour 23 minutes ago

    Forbes has published the latest edition of its global list of billionaires, with U.S. oil and gas executives and heirs appearing throughout

  • Rally off the Lows and Gold Gets Pounded - Dave's Daily Dive Zacks - 1 hour 51 minutes ago

    Today???s dive included a quick overview of the Ten Year Treasure Note Futures, a look at the S&P 500 and some insight into the gold and FX markets. With the rally on Wall Street today, there was plenty to talk about.

  • Oil Prices Inch Higher After API Reports Moderate Crude Build, Gasoline Draw Oilprice.com - 2 hours 7 minutes ago
    Oil Prices Inch Higher After API Reports Moderate Crude Build, Gasoline Draw

    Oil prices inched higher on Tuesday afternoon as the API reported a small build to crude stocks while reporting a draw in gasoline and distillate stocks

  • Stocks to watch AAP - 2 hours 23 minutes ago

    Stocks to watch on the Australian stock exchange: BHP - BHP BILLITON FMG - FORTESCUE METALS GROUP RIO - RIO TINTO The price of iron ore slips fractionally, down US50 cents at $US82.50 AMP - AMP IAG - INSURANCE ...

  • There Is No Such Thing As Peak Oil Demand Oilprice.com - 2 hours 23 minutes ago
    There Is No Such Thing As Peak Oil Demand

    Peak oil demand predictions are common, but many peak oil forecasts fail to explain how steep the decline in oil consumption is likely to be

  • Oil Prices Recover As OPEC Extension Seems Likely Oilprice.com - 3 hours ago
    Oil Prices Recover As OPEC Extension Seems Likely

    Oil prices inched higher on Tuesday morning as buyers joined the fray, aided by a more positive OPEC attitude towards a deal extension

  • Crude Oil Sports Bullish Wicks above Trendline Support DailyFX - 3 hours ago

    Crude Oil Sports Bullish Wicks above Trendline Support

  • Gold Price 200 Day Average is Still Providing Resistance DailyFX - 3 hours ago

    Gold Price 200 Day Average is Still Providing Resistance

  • PDVSA Said to Be Preparing for Exit of President Del Pino Bloomberg - 3 hours ago
    PDVSA Said to Be Preparing for Exit of President Del Pino

    Petroleos de Venezuela SA is preparing for the departure of its president Eulogio Del Pino in what would be the biggest management shift in years for the state-owned oil producer, people familiar with ...

  • Oil & Gas Stock Roundup: TransCanada's Keystone Approval, Chevron's Asset Sale and More Zacks - 4 hours ago
    Oil & Gas Stock Roundup: TransCanada's Keystone Approval, Chevron's Asset Sale and More

    It was a week where oil prices went back to their losing streak on persistent oversupply fears, while natural gas futures breached the $3 barrier on bullish weather update.

  • Oil Prices Spike As Traders Anticipate Bullish Inventory Data Oilprice.com - 5 hours ago
    Oil Prices Spike As Traders Anticipate Bullish Inventory Data

    Oil prices increased on Tuesday morning as a result of a production outage in Libya, while U.S. imports of Iraqi crude continue to climb

  • Dakota Access Pipeline Loaded And Ready For Business Oilprice.com - 6 hours ago

    The Dakota Access pipeline saga is nearing its conclusion as Energy Transfer Partners claims to be ready to start shipping crude oil

  • Gas Prices Are Rising: Here’s How Much Filling Up Will Cost This Summer The Fiscal Times - 7 hours ago
    Gas Prices Are Rising: Here’s How Much Filling Up Will Cost This Summer

    While gas prices remain relatively low, they’re higher now than they were last year and that has some consumers concerned about future price hikes. A new AAA survey finds that nearly a quarter of consumers think that the price at the pump is already too high, and many are planning to change their lifestyle or driving habits in response. AAA projects that the national average will go up another 40 cents this summer.

  • Reaction: Global markets stepped past Trump wobble on Obamacare CNBC - 7 hours ago
    Reaction: Global markets stepped past Trump wobble on Obamacare

    Our live blog tracked market reaction as US stocks paused for breath and oil regained some ground.

  • What Trump's Climate Views Might Mean for World: QuickTake Q&A Bloomberg - 7 hours ago
    What Trump's Climate Views Might Mean for World: QuickTake Q&A

    President Donald Trump hasn’t pulled the U.S. from the Paris Agreement, the climate-change accord among almost 200 countries that have committed to cutting greenhouse-gas emissions. But he’s taking steps ...

  • Suncor Likely to Achieve 2017 Target Despite Syncrude Fire Zacks - 8 hours ago
    Suncor Likely to Achieve 2017 Target Despite Syncrude Fire

    Suncor Energy Inc. (SU) recently declared that production at Syncrude oil sands project is on track and will meet the target set for 2017.

  • Las Vegas Raiders could be the NFL's gambling tipping point Yahoo Finance - 9 hours ago
    Las Vegas Raiders could be the NFL's gambling tipping point

    Last Friday, at a Fordham University sports law forum in Manhattan, the NFL’s top lawyer was asked about the NFL’s current stance on legalizing sports gambling. The ongoing effort to repeal PASPA, the 1992 federal law that banned sports betting almost everywhere but Nevada, has ramped up recently. Changing sports gambling law is an effort that NBA commissioner Adam Silver has publicly supported and MLB commissioner Rob Manfred has hinted at supporting.

  • Exxon Mobil urges Trump to stay in Paris climate accord AFP - 10 hours ago
    Exxon Mobil urges Trump to stay in Paris climate accord

    Energy giant Exxon Mobil has asked the Trump administration not to scrap US participation in the landmark Paris climate agreement, running counter to White House moves on carbon emissions. The news came as President Donald Trump on Tuesday unveiled a new executive order that could roll back some of the previous Democratic administration's policies aimed at curbing greenhouse gas emissions and climate change. In a March 22 letter to Trump energy advisor G David Banks, Exxon's head of environmental policy and planning, Peter Trelenberg, praised the 2015 Paris Agreement as the first to tackle emissions by both the developed world and developing countries such as China and India.

  • Should Marvell (MRVL) Be on Your Radar Now? Zacks - 10 hours ago
    Should Marvell (MRVL) Be on Your Radar Now?

    Marvell (MRVL) a Gas Distribution industry stock is seeing solid earnings estimate revision activity, and is a great company from a Zacks Rank perspective

  • Why Square (SQ) Could Shock the Market Soon Zacks - 10 hours ago
    Why Square (SQ) Could Shock the Market Soon

    Square (SQ) a Gas Distribution industry stock is seeing solid earnings estimate revision activity, and is a great company from a Zacks Rank perspective

  • Trump Picks up His ‘Pen’ to Eviscerate Obama’s Rules on Climate Protection The Fiscal Times - 10 hours ago
    Trump Picks up His ‘Pen’ to Eviscerate Obama’s Rules on Climate Protection

    When President Obama was faced with a Congress unwilling to work with him on virtually anything, he reminded the country that the chief executive has other ways of affecting the way the nation does business. Specifically, he said, he had a “phone and a pen” and proceeded, much to Republicans’ fury, to overhaul much of the way the federal government does business through executive orders. Donald Trump on Tuesday is expected to sign an executive order that will roll back a vast array of Obama-era requirements meant to protect the climate from global warming by reducing greenhouse gas emissions and increasing the country’s investment in renewable energy.

  • US launches anti-dumping probe against Chinese aluminum foil AFP - 10 hours ago
    US launches anti-dumping probe against Chinese aluminum foil

    The United States launched an anti-dumping investigation against imports of Chinese aluminum foil on Tuesday, the latest in a series of cases against the country that could result in the imposition of punitive duties. "The Trump Administration is unequivocally committed to the vigorous enforcement of America's trade laws and will ensure US businesses and workers are treated fairly," US Commerce Secretary Wilbur Ross said in a statement. US companies filed a complaint early this month saying Chinese aluminum foil imports are dumped into the American market at prices lower than the cost of production, and unfairly subsidized.

  • Why Is Century Aluminum (CENX) Down 13.1% Since the Last Earnings Report? Zacks - 10 hours ago
    Why Is Century Aluminum (CENX) Down 13.1% Since the Last Earnings Report?

    Century Aluminum (CENX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Barrick, Goldcorp Team Up in Chile as Miners Look to Share Risk Bloomberg - 10 hours ago
    Barrick, Goldcorp Team Up in Chile as Miners Look to Share Risk

    Canada’s two biggest gold miners have formed a partnership to develop a gold-copper deposit in Chile as a third producer exits the project. Vancouver-based Goldcorp Inc. agreed to buy 25 percent of the Cerro Casale in Chile’s Maricunga mineral belt from the world’s largest gold producer, Barrick Gold Corp., reducing the latter’s stake to 50 percent. Under terms of the deal announced in a statement Tuesday, Goldcorp will commit to spending $520 million, of which $260 million covers Barrick’s initial share.

  • Nucor (NUE) Raised to Strong Buy on Upbeat Q1 Outlook Zacks - 10 hours ago
    Nucor (NUE) Raised to Strong Buy on Upbeat Q1 Outlook

    Zacks Investment Research has upgraded steel giant Nucor (NUE) to a Zacks Rank #1 (Strong Buy).

  • Confluence of Gold/Silver Price Resistance & USD Support Puts Metals at Risk DailyFX - 12 hours ago

    Confluence of Gold/Silver Price Resistance & USD Support Puts Metals at Risk

  • US, European markets boosted by higher oil, consumer data AFP - 12 hours ago
    US, European markets boosted by higher oil, consumer data

    Global stocks mostly bounced back Tuesday as higher oil prices and solid US economic data overshadowed concerns about political uncertainty in the United States and Europe. Most major markets engineered ...

  • Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut Bloomberg - 13 hours ago
    Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut

    Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government slashed the oil producer’s tax burden to attract investors, analysts at Sanford C. Bernstein ...

  • Giant Gold Coin Worth $4 Million Stolen in Berlin Museum Heist Bloomberg - 14 hours ago
    Giant Gold Coin Worth $4 Million Stolen in Berlin Museum Heist

    Burglars stole a 100-kilogram (220-pound), solid-gold coin worth $4 million from a Berlin museum in a heist out of a Hollywood movie.

  • Swedish Miner Says Donald Trump Doesn't Hold Key to Metal Prices Bloomberg - 15 hours ago
    Swedish Miner Says Donald Trump Doesn't Hold Key to Metal Prices

    The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on U.S. infrastructure to have much less impact on base-metal prices than the needs of burgeoning ...

  • Mining needs competitive tax: Deloitte AAP - 15 hours ago

    Inaction in making Australia's tax system more competitive would have a significant impact on the mining sector and the billions of dollars and thousands of jobs it creates. The warning in new research by Deloitte Access Economics comes as the Senate is due to debate this week the Turnbull government's 10-year tax plan to reduce the corporate rate to 25 per cent. The report prepared for the Minerals Council of Australia says Australia's 30 per cent corporate tax rate is higher than OECD countries with significant mining activity, such as Canada (26.7 per cent) and Chile (24 per cent).

  • Trump poised to roll back climate protections AFP - 16 hours ago
    Trump poised to roll back climate protections

    US President Donald Trump is poised to roll back a slew of environmental protections enacted by Barack Obama, in a move designed to untether the fossil fuel industry but which calls America's commitment to global climate accords into question. In a maiden trip to the Environmental Protection Agency, Trump will sign a wide-ranging "Energy Independence Executive Order" to rollback Obama-era legislation, a White House official told AFP. The new president will unveil a series of measures to review regulation curbing oil, gas and coal production and limiting carbon emissions.

  • Telstra loses ACCC price ruling appeal AAP - 16 hours ago
    Telstra loses ACCC price ruling appeal

    Telstra has lost its bid to overturn a ruling that slashed what it could charge competitors using its copper network, dealing a possible $80 million a year blow to the telco giant. The Federal Court has dismissed an appeal by Telstra against a 2015 ruling by the Australian Competition and Consumer Commission that ordered it to reduce access prices to its fixed line network by 9.4 per cent. In a comprehensive ruling, the court dismissed all avenues of Telstra's appeal and ordered it to pay the ACCC's costs, saying the grounds for the appeal rose no higher than "impermissible" requests for review and "attacks" on the regulator's methodology.