Brent crude oil was set to finish the week below $98 as a supply glut and a stronger dollar both weighted on prices. The commodity traded at $97.58 at 9:30 GMT while investors kept a close eye on OPEC …
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Crude Set To End The Week Below $98
In the world of a constantly changing oil and gas environment, the Montney shale basin is the sleeping giant.
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Canada’s Shale Boom: More to Come in Montney
The U.S. Energy Information Administration (or EIA) released its September Short-Term Energy Outlook (or STEO) for the full year 2014. It expects West Texas Intermediate (or WTI) crude to average $97.01 …
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Why the EIA lowered its crude oil and product price estimates
Eddie Tofpik, one of Europe’s best FX analysts and Head of FX and AE analysis for ADM Investor Services International, joins MrTopStep’s roster of correspondents. Here is his analysis of the dollar, euro …
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Letter from London: US dollar up before Scotland vote
China’s metal consumption grew rapidly at the turn of this century. Its demand has grown at a rate of 16% since 2000. The growth in global consumption over this period has only been 1%. Even though China …
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Why aluminum companies don’t see much threat from China
Aluminum prices have been on a downturn over the past few quarters. The prices fell to a four-year low this year. The fall occurred at the beginning of the year. It was caused by concerns about a ruling …
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Must-know: Aluminum prices rise after hitting a 4-year low
Brent crude oil made its way higher on Wednesday as investors became more cautious about the outcome of the Fed meeting and many began to speculate that OPEC will cut its output in the face of falling …
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Brent Makest Modes Gain Amid OPEC Speculation
BILLINGS, Mont. (AP) — A U.S. senator said Tuesday he will ask fellow lawmakers to halt coal sales on federal lands in the West after a senior Obama administration official declined to suspend the troubled government program.
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US senator to ask Congress to suspend coal sales
WTI prices fell to an eight-month low of $91.67 per barrel on Wednesday. This was 1% lower than the price at the previous day’s market close.
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Must-know: Why WTI crude oil prices fell to an 8-month low
WASHINGTON (AP) — Louisiana Gov. Bobby Jindal said Tuesday that President Barack Obama's administration has become “science deniers,” failing to do enough to harness the nation's energy potential.
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Jindal: Obama hasn't done enough to harness energy
Rising aluminum prices are positive for the aluminum companies. However, there’s another component in aluminum’s price. Aluminum buyers have to pay a premium. The premium is in addition to the prevailing …
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Why the rising premiums benefit aluminum companies
The aluminum sector has been one of the best performing sectors this year. It has delivered more than a 33% return. This return overshadows the returns generated by the broader equity markets. Alcoa Inc. …
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Why aluminum stocks are important for your portfolio
Point72 Asset Management, previously SAC Capital, added to its position in Whiting Petroleum (WLL) in 2Q14. The position accounts for 1.51% of the fund’s 2Q portfolio, up from 0.93% in 1Q14.
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Point72 Asset Management increases its stake in Whiting Petroleum
At the end of 2013, India’s coal sector was 60.6 billion tons. India has the fifth largest coal reserves in the world. However, India’s coal quality is low. It has a high ash content. The majority of India’s …
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Must-know: India’s coal industry
Crude stocks at Cushing, Oklahoma, rose by 78,000 barrels in the week ended September 5. Cushing, Oklahoma, is an important hub where West Texas Intermediate (or WTI) crude oil is priced.
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Cushing inventories rise as refineries lower crude oil demand
With all eyes on the Federal Reserve this week, oil prices remained soft on weaker global demand and rising supply. Brent crude oil traded at $97.52 at 10:45 GMT after falling to a 26-month low on Monday. …
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Brent Prices Below $98 On Poor Economic Data
Since 2008, a considerable amount of natural gas supply has come online. Excess production can put pressure on natural gas prices. Natural gas prices can remain relatively depressed. Shale resource development …
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Why natural gas production kept a check on natural gas prices
On September 11, the U.S. Energy Information Administration (or EIA) reported a build of 92 bcf in natural gas inventory build for the week ending September 5—to 2,801 bcf. Analysts had been expecting …
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Must-know: Natural gas inventory build exceeds analysts’ expectations
Gold (IAU) (GLD) prices are moving in a path similar to inflation. As inflation goes up, the dollar depreciates. As a result, it makes sense for investors to reallocate their money towards gold. Gold is …
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Must-know: Is there a paradigm shift in the future?
Zacks has initiated coverage of Taipan Resources (TAIPF) (TPN.V) with an Outperform rating and a price target of CDN $0.87 for TPN.V and US $0.78 for TAIPF. Taipan is an oil & gas exploration company with interests in two onshore blocks in Kenya: a 30% participating interest in Block 2B and a 20% participating interest in Block 1. Both blocks are highly prospective oil & gas exploration properties that are held through Production Sharing Contract (PSC) agreements with the Government of Kenya. Exploratory wells on both properties are expected to spud in the next 12 months, for which Taipan is fully funded.
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TAIPF: Zacks initiates coverage of Taipan Resources with an Outperform rating
