For anyone planning to drive over the Labor Day weekend, the gasoline price news is good. GasBuddy.com chief oil analyst, Tom Kloza spoke with Benzinga last week and said, “Generally, I see gas prices …
More:
Gas Prices May Continue To Fall For Labor Day Weekend And Beyond
Aluminum is the most abundant metal found in the earth’s crust. It’s soft, lightweight, and durable in nature. Its low density and resistance to corrosion make it a very important metal that a lot of industries …
See the original post:
Overview: An investor’s guide to the aluminum industry
Natural gas has been on a downward trend over the last couple of months. The supply of gas through the shale- and fracking-driven boom has met with weak summer cooling demand.
See the original post:
Must-know: Why natural gas inventories pushed prices lower
BERLIN (AP) — Several thousand people have formed a human chain across the German-Polish border to protest the expansion of open-cast mining for brown coal in the region.
Read the original post:
Protesters against brown coal form human chain
Mined iron ore—sourced outside of Chinese mines—continues to be the lowest cost and highest quality source of commodity. With future iron ore prices forecasted to remain in the $100 per ton range, Chinese …
See the original post here:
Commodity trade is positive for the dry bulk shipping industry
Why fuel expenses have to be hedged? Fuel cost, the largest cost component for airlines is subject to risks of volatility in crude oil prices. Southwest’s estimated fuel…
See the original post:
Southwest’s fuel hedging overview as on June 2014
BHP has evolved its investment in different assets over time as the dynamics and economics for different commodities have changed. Over the last five years, BHP has shifted its investment towards high-margin …
See original here:
Why BHP is letting internal projects compete for capital
Brent crude oil was poised to post another weekly loss this week as investors saw oversupply as more pertinent than geopolitical problems around the world. The commodity traded at $102.39 at 8:10 GMT as …
View post:
Brent Poised For Another Weekly Loss
HEXIGTEN, China (AP) — Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this power plant echoes across the ancient steppe, and its acrid stench travels dozens of miles away.
Go here to read the rest:
Coal gas boom in China holds climate change risks
MEXICO CITY (AP) — A mining conglomerate charged Thursday that it is being subjected to “punitive” legal actions by Mexican officials because one of its mines spilled acid-laced copper sulfate and heavy metals into two rivers.
Originally posted here:
Mexican mining firm complains about probe of spill
According to the EIA’s data for the week ending August 15, crude oil runs at the Gulf Coast refineries in the U.S. hit a record high—up 177,000 barrels per day (or bpd) to 8.74 million bpd. Crude inventories …
Continued here:
Why the latest EIA inventory data confused crude oil prices
According to Russ, the fall in production of U.S. oil (USO) can be attributed to the increasing amount of supplies. This requires a higher breakeven price, increased concentration of cash flow instead …
View post:
Must-know: Tighter-than-expected oil supply in the future
BHP had been contemplating whether to sell the non-core assets or go for a demerger. Finally, the company decided in favor of a demerger on August 15. The proposed company will likely have assets in the …
Read the original post:
Why the demerger of non-core assets makes sense for BHP
At the middle of this year, there were multiple factors that pushed global crude oil prices higher. While WTI crude reached ~$107 per barrel in mid-June, Brent crude, the international benchmark, hit ~$115 …
Read more here:
Must-know: Why crude oil prices have been falling lately
The energy sector has outperformed the broader market indices like the S&P 500 (SPY) (IVV), the Dow Jones Industrial Average (DIA), and NASDAQ (QQQ) this year due to heightened geopolitical risks. According …
Read more here:
Oil prices and equity portfolios could feel Middle East tensions
Brent crude oil traded steadily below $102 on Thursday morning as investors continued to worry about oversupply rather than focusing on instability across the globe. The commodity traded at $101.64 at …
Original post:
Brent Under Pressure From Subdued Global Demand
Portfolio simplification has been going on at BHP for more than a decade. The company has exited diamonds. It has also exited medium-sized ore bodies that don’t fit into the company’s strategy of owning …
See original here:
Portfolio simplification and divestment seems to be paying off
By Andrew Topf of Oilprice.com Mining companies are often seen as dinosaurs when it comes to making changes that will benefit the environment, but that perception may be shifting as some companies turn …
Go here to read the rest:
Unlikely Bedfellows: Mines That Run on Solar or Wind Power
Western Australia iron ore (or WAIO) achieved a 14th consecutive annual production record as volumes increased to 225 million tons (or Mt). Iron ore production was up 3.3% over the full-year guidance provided …
Excerpt from:
Must-know: BHP’s 4Q14 production results
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.5 million barrels last week, maintaining …
See original here:
Crude Oil Inventory Drops Sharply, Driving Prices Higher
