ANCHORAGE, Alaska (AP) — Hundreds of people turned out in Anchorage to comment on a proposal that would severely restrict development of a massive gold-and-copper mine in the Bristol Bay region.
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Hundreds attend hearing on Alaska mine proposal
In this part of the series, we look at the factors that will affect Reliance Steel & Aluminum’s business. Analysts expect these factors to drive future earnings, so they’re a guiding factor for Reliance’s …
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The must-know investor outlook for Reliance Steel & Aluminum
Gasoline prices in the United States fell an average of $0.17 a gallon from July 1 to July 31. Since then, the average price has fallen nearly another $0.05 per gallon to an average of $3.465 per gallon …
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8 States Where Gas Costs Less than $3.25 a Gallon
The drop has been driven by sustained low natural gas prices. Low natural gas prices can cause producers to stop drilling for natural gas because the economics of drilling natural gas wells becomes less …
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Why natural gas production is rising despite falling gas rig counts
Brent sunk to a 13 month low on Wednesday as a global oversupply outweighed concerns about instability in all corners of the world. The commodity traded at $102.77 at 8:15 GMT on Wednesday morning following …
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Brent Below $103 On OPEC Output
Walter Energy (WLT) issued new debt in the quarter to refinance existing debt and to boost liquidity—while this liquidity is sufficient to take the company through the next few quarters, long-term prospects …
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Why liquidity is more important than ever for Walter Energy
The U.S. natural rig count was up by three rigs, from 313 to 316, during the week ending August 8. Most of the increase took place in the “other” regions that fall outside the primary gas-producing shales….
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Why natural gas–targeted rig counts took a U-turn last week
Some unwanted ingredients are now being added to it and most consumers are none the wiser. Coffee producers are adding fillers to ground coffee, according to new research by State University of Londrina in Brazil and presented this week at a meeting of the American Chemical Society. One thing is for sure: With such counterfeit coffee, producers are hoping to stretch their coffee supplies and increase profits, especially as a global shortage looms in the next few decades, which many blame on climate change.
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Coffee Shortage Spurs Counterfeit Grinds
Walter Energy (WLT) made the decision to idle its Canadian operations too late—it was hoping for revival in the metallurgical coal demand and prices—the company’s Canadian and UK operations failed to breakeven …
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Is it too late for Walter Energy to start idling mines?
Natural gas prices directly affect earnings of gas-weighted producers such as Chesapeake Energy (CHK), Cabot Oil and Gas (COG), Anadarko (APC), and Devon Energy (DVN).
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Natural gas inventory figures are important to energy investors
ZS is the underlying instrument used to trade Soybeans in Nadex. Soybeans is at an interesting support test at 1105.75 The harmonic scenario for ZS is what we’ll use for trade setups through Nadex, we’re using an STR12 bar size for an intraday perspective. This chart shows that there was confluence at a completion of a bearish pattern at 1128.75, as shown with the blue triangles, and since that rejection of the PRZ (Potential Reversal Zone aka completion zone for a harmonic pattern), price has retraced it’s ideal minimum target of a 38.2% pull back. Shallow retracements of a harmonic pattern offer a high probability of retesting the PRZ or better yet, upside continuation. There is some confluence of this 1105.75 support test with momentum support, so the subgraph oscillator is testing a line in sand labelled 0 (zero). Failure to hold above the zero line while price holds below 1105.75 shifts the bias to downside to continue the retracement of that blue colored harmonic pattern with the ideal target at 1068.50 and scaling points at 1091.5 and 1081.5 as shown with the gray fibs on the underlying instrument.
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Trading Beans With Binaries
The WTI-Brent spread closed at $7.67 per barrel on Thursday, August 6, compared to $7.85 per barrel at the prior week’s close—the spread has now expanded back to well over $8—levels last seen in June.
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Must-know: Why WTI-Brent spread springs back
Brent crude oil slipped further on Tuesday as an oversupplied market outweighed supply concerns due to instability in several OPEC producers. The commodity traded at $104.20 at 6:54 GMT as investors waited …
SEOUL, South Korea (AP) — Asian stock markets were mostly higher Tuesday as tensions over Ukraine and Iraq eased, giving investors the confidence to dip into riskier assets. European shares drifted.
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Asian stocks up as Ukraine, Iraq worries ease
Metallurgical coal exports have grown especially since 2007, when supply constraints in the Pacific market resulted in fast-growing Asian countries, notably China, importing metallurgical coal from the …
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Must-know: State of the US metallurgical coal industry
Walter Energy has mining operations in the U.S., Canada, and the UK—in 2Q14, the U.S. operations fetched the company $299 million, or 79%, of $378 million in revenues—the remaining $79 million were predominantly …
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Must-know: An overview of Walter Energy
Reliance Steel & Aluminum Co. (RS) was established in 1939 as a distributor of steel reinforcing bars in California. The company has grown multifold since, both organically and through a focused acquisition …
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Overview of Reliance Steel & Aluminum Co.
While crude inventories have been falling for six consecutive weeks, the latest decline is the smallest in the period—last weeks’ decline in crude inventories was 3.7 million barrels.
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Why West Texas Intermediate crude oil slumps to a 6-month low
Brent crude oil began the week above $105 with investors keeping a watchful eye on the developing situation in Iraq. The commodity traded at $105.03 at 7:40 a.m.GMT as Iraqi oil supplies remained unaffected …
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Brent Steady Above $105 With Israel In Focus
Global crude steel production for 65 countries reporting to the World Steel Association registered an annual 3.1% rate in June to 137 million tons as China and Europe recorded output increases.
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Why China’s crude steel production is rising
