Category Archives: Futures

Norway, where oil helped create one of the world’s most stable and prosperous societies, is among the most exposed to falling crude prices. Three projects led by state-owned Statoil ASA (STL), which is borrowing and selling assets to cover dividend payments, are at risk of being delayed or shelved, said Jarand Rystad, managing partner of Oslo-based consultant Rystad Energy. “Norway is probably more vulnerable to a fall in oil prices because costs are undeniably higher,” said Teodor Sveen Nilsen at Swedbank AB. In August, Helge Lund, Statoil’s chief executive officer, remarked that while $100-a-barrel oil once provided an excuse for champagne, it now barely covered the expense of new projects.

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Oil Workers Earning $179,000 Expose Norway to Crude Crash

Lower WTI crude will hurt U.S. oil producers’ profitability. These companies include Whiting Petroleum, Halcon Resources, Laredo Petroleum and Pioneer Natural Resources.

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Why the EIA decreased Brent estimates more than WTI estimates

Lower ore grade increases the amount of waste stripping required—in order to extract some volume of ore—as a result of mining more tons of waste.

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Lagunas Norte: Increasing Barrick’s cost per unit

Alcoa’s management expects the global aluminum demand to increase by 7% in 2014. The biggest increase is expected to come from China.

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Why increasing aluminum demand is positive for investors

NEW DELHI (AP) — India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector.

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India fuel reform puts diesel under market control

PRINCE RUPERT, British Columbia (AP) — A disabled Russian container ship carrying hundreds of tons of fuel is adrift again but officials said Saturday there is no immediate risk of it reaching shore, hitting rocks and causing a spill.

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Container ship adrift again off Canadian coast

JAKARTA, Indonesia (AP) — Rebooting a slowing economy in a nation of 250 million where inequality is rising, a looming decision on raising fuel prices and vulnerability to any U.S. interest rate hikes would be enough to tax any incoming president.

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Indonesia's new president faces tough early tests

Prices were at their lowest levels since November 2010. The sharper drop in Brent prices also caused the WTI-Brent spread to fall to $2 on Wednesday.

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Why Brent pays the price for Saudi’s “generosity”

Pueblo Viejo’s full production ramp-up will help offset production declines. And, greater plant availability and the completion of plant de-bottlenecking modifications should drive higher production.

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Pueblo Viejo mine: Ramped up to offset Barrick’s production dip

Over the last two weeks, Taipan Resources (TAIPF) (TPN.V) has announced the signing of a LOI for the drilling of the Badada-1 well on Block 2B, reported third fiscal quarter results and appointed a new Corporate Secretary.  Taipan Resources entered into a Letter Of Intent (LOI) with Greatwall Drilling Company (GWDC), a subsidiary of China National Petroleum Corporation, to contract the GW-190 rig for the planned drilling of the Badada-1 well on Block 2B in Kenya. GWDC owns a complete fleet of rigs and has provided services for more than 100 companies, including the Tullow Oil- Africa Oil joint venture for an exploration well on Block 9.

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TAIPF: Taipan Resources prepares to drill Badada-1 well on Block 2B in Kenya

Just like Walter Energy, the majority of the assets on the company’s books include mineral rights, land, and mine development costs. In the event of default, these assets may fetch a lower price than book …

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Why Alpha Natural Resources is better off than Walter Energy

Based on existing reserves and production capacity, Goldstrike’s expected underground mine-life is 11 years. Open-pit mining should last 13 years, and processing operations, 15 years.

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Goldstrike: Strong contributer to Barrick’s profile

Over the last two weeks, Taipan Resources (TAIPF) (TPN.V) has announced the signing of a LOI for the drilling of the Badada-1 well on Block 2B, reported third fiscal quarter results and appointed a new Corporate Secretary.  Taipan Resources entered into a Letter Of Intent (LOI) with Greatwall Drilling Company (GWDC), a subsidiary of China National Petroleum Corporation, to contract the GW-190 rig for the planned drilling of the Badada-1 well on Block 2B in Kenya. GWDC owns a complete fleet of rigs and has provided services for more than 100 companies, including the Tullow Oil- Africa Oil joint venture for an exploration well on Block 9.

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TAIPF: Taipan Resources prepares to drill Badada-1 well on Block 2A in Kenya

Both in yesterday’s regular session and in this morning’s overnight session, crude oil (CLX14:NYM) tested and found support twice at the $80.00 area and has bounced to a current price of $80.50. With the recent volatility in crude oil at retest of that big $80 price could be tested again today, so I will discuss two possible strategies depending whether you think $80 will hold or fail on the third test. What I want to look at today is the Nadex Daily Crude Oil (Nov) $80.00 binary option, based on the CLX4, which will expire today at 2:30 EST. When CLX4 trades again to $80, this option will be trading at $50.00.  If I believe that crude will hold that level into the close, I want to buy that option at a price of $50.00 or lower;

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Crude’s Big Round $80

Deposits within the Pipeline complex are being mined using conventional open pit methods. Production rates for all mining activity at Cortez will average about 125 million tons per year.

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Cortez: Production decreasing on falling grades

Brent crude oil looked set to post its fourth loss in as many weeks as the weakening global economy weighed on prices. The commodity traded at $85.95 at 8:00 GMT as most expected to see OPEC accept the …

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Brent Set To Post Fourth Straight Loss As Prices Plunge

Costs are higher in South America as compared to North America, especially in Chile, because of labor training needs, higher energy costs, and the scarcity of water.

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Must-know: Where Barrick Gold operates and at what cost

The price of met coal is generally higher than steam coal. So, while met coal accounted for just 22.5% of tonnage, it produced 36.1% of revenues.

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Alpha Natural Resources: The biggest American met coal producer

The company has operating mines and projects in Canada, the U.S., the Dominican Republic, Australia, Papua New Guinea, Peru, Chile, Argentina, Zambia, Saudi Arabia, and Tanzania. Its products are sold …

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An investor’s guide to the world’s largest gold mining company

Brent crude oil sunk lower on Thursday as the global supply glut continued to grow amid worries that the global economy was falling off track. The commodity traded at $82.97 at 8:45 GMT  after weak data …

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Brent Drops Even Lower As Supply Glut Grows