COMMODITIES

Gold gains on global cues silver falls

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Commodity Online MUMBAI: Global cues coupled with heavy buying by stockists helped gold to climb more steps on its journey towards north here at the bullion market on Monday.Standard gold...
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AGC takes 29.04% stake in Aflease Gold

Commodity Online JOHANNES BURG: African Global Capital on Sunday announced its first investment by taking stakes of nearly 30 percent in Aflease Gold, according to South Africa s Business D...
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World oil prices near $ 107 in Asian trade

Commodity Online NEW YORK: World oil prices continued their upward journey from last week and are nearing $107 in Asian trade on Monday as US dollar became weaker.In morning trade, New Yo...
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IT firms go green save globe

Ram Mohan,Commodity Online BANGALORE/TEXAS: There are some lessons Indian IT companies like Infosys and Wipro can learn from American IT giant Dell.While Indian IT majors are still far awa...
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Argentina cuts Paraguay gas supply

Commodity Online BUENOS AIRES: In a major setback to Paraguay s energy need, Argentina on Saturday decided to cut down gas shipment to Paraguay due to the increase of the country's export ...
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Oil prices above $ 106 on weak US dollar

Commodity Online NEW YORK: World oil prices surged to $ 106.23 a barrel, up by $ 2.40 or by two percent Friday on a weak US dollar and a record decline in job market.News of a fire at an ...
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Gold Edges Higher in NY; Posts Weekly Loss

Gold futures edged higher on Friday, as the dollar slipped after new data reported the biggest unemployment rate climb in five years, raising concerns that the U.S. economy may already be in a recession.
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China sets new oil gas production target

Commodity Online BEIJING: China on Friday said it aims to find ten new oil fields, and eight to ten new gas fields by 2010 in an effort to reduce dependence on imports.According to a gove...
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Gold platinum move ahead on weak dollar

Commodity Online NEW YORK: Gold continued its upward journey Thursday as oil bounced from its early low and the US dollar weakened, after an initial rally by the currency.Gold futures for...
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'I am sure Gold is headed for $1650'

By Jim Sinclair Dear Comrades in Golden Arms (CIGAs), In times like these I invite you to put your non margined hand in my totally confident hand. Be calmed as we walk the wildness of the g...
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Natural Gas Weekly Update - Apr 3

Natural gas spot prices increased in all trading regions in the Lower 48 States this report week (WednesdayWednesday, March 26April 2). During the report week, the Henry Hub spot price increased $0.3...
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Gold going steady may recover

There was no sign of fears of gold prices falling further in the short term yesterday (April 2nd), with many analysts maintaining that the next three months also look positive for the precious metal,...
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RIL strikes gas again off Andhra coast

Commodity Online MUMBAI: India s leading private sector industrial giant Reliance Industries has announced a second gas discovery in a Krishna Godavari basin block off the Andhra Pradesh co...
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No global warming: Charcoal fuels 80% of Africa

Commodity Online It is 21st century and do you know what is the main fuel for several African nations now? It is charcoal.Maybe, a shocking news for environmentalists and people who are b...
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River water + sea water = Energy

Commodity Online Can you make enough energy to run a household by mixing salt water and river water? If you thought that is a bad idea, think again. Scientists in Norway and The Netherlands...
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Gold platinum surge ahead of US report

Commodity Online NEW YORK: Gold prices also went up ahead of a US employment report and recorded well above $ 900 an ounce in New York on Wednesday.The precious yellow metal rose to $US90...
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Leighton wins $1bn India coal project

Commodity Online SYDNEY: Australia s Leighton Holdings on Thursday announced that it has won two contracts worth $1 billion to develop and operate an open cut coal mine in India s Jharkhand...
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Oil price surges to near $ 105 a barrel

Commodity Online NEW YORK: World oil prices surged nearly four percent to $ 104.78 a barrel at the New York Mercantile Exchange after a US energy report showed gasoline supplies fell for a ...
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Petroleum Man will be virtually extinct soon

By Colin J. Campbell Oil was formed in the geological past under well understood processes. In fact, the bulk of current production comes from just two epochs of extreme global warming, 90 a...
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How Gold prices rose from $270 in six years

In six short years, the tables have turned for gold. In 2001, prices were roughly $270 per ounce with a production cost of roughly $160 per ounce.Now in 2007, the production cost is nearly $400 an ...

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