Brent crude dropped by more than $2 on Monday to around $106 a barrel on the potential for a resumption of exports from OPEC member Libya as a six-month civil war there appeared close to an end.
Toronto-listed miner Rusoro appeared unfazed on Thursday by President Hugo Chavez's move to nationalize Venezuela's gold industry, saying it believed the decision only targeted illegal miners.
Oil prices saw a major sell-off in early August, an event that foretold the North American stock market crash today.
South America has a right to beef up its armed forces but is not in an arms race, Brazil's defense minister said on Monday
Crude oil historically trades at about 8 times the price of natural gas. Currently, it's trading at about 20 times natural gas. Is oil overpriced, natural gas underpriced, or is it a combination?
Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.
In the states, oil has been the stuff of riches and the glamour energy form. The reality is, however, in the 21st century the preferred and superior U.S. energy form could very well be domestic natural gas.
Several major auto makers on Friday embraced the Obama administration's proposal to push the industry further away from once-dominant gas guzzlers to more lean and efficient vehicles.
The top after-market NASDAQ Stock Market gainers are: Radiant Systems, Clean Energy Fuels, Idenix Pharmaceuticals, Micromet, and Nasdaq OMX Group. The top after-market NASDAQ Stock Market losers are: Microchip Technology, Novellus Systems, China Gerui Advanced Materials Group, KLA-Tencor, and Intersil.
Americans, it’s been said, are a resilient, can-do bunch. Well, it looks like U.S. motorists will have to become even more resilient, as the days of $2-something per gallon gasoline appear to be gone.
Oil futures are plunging as the International Energy Agency (IEA) said that the U.S. and 27 other nations will release a total of 60-million barrels of oil from strategic reserves.
Saudi Arabia may be forced to use its oil policy and enormous economic clout as a way to foil Iran’s nuclear power program and regional ambitions, according to a report in The Wall Street Journal.
The Gold Price continued to hold steady Thursday morning, trading in a tight range around $1536 per ounce - 2.6% off last month's spot market all-time high - while stocks and commodities gained ahead of UK and Eurozone interest rate announcements.
The Organization of Petroleum Exporting Countries (OPEC) meeting would likely end with a decision to increase crude production levels to reduce international concerns about the high price of oil.
The Libyan government said it will send a representative to the next OPEC meeting in Vienna on June 8, following the recent defection of the country’s former oil minister, Shokri Ghanem.
Oil prices, which have risen by as much as 20 percent this year due to fears of supply disruption caused by Middle Eastern and North African unrest; appear to be stabilizing in recent weeks.
Many theories are floating around the dramatic withdrawal of Ahmadinejad who usually likes world stages to whip up controversies and hog limelight through incendiary rhetoric.
Donald Trump appeared at a rally in Las Vegas where he was treated like royalty and delivered a profanity-laden speech that decried politicians, particularly President Barack Obama.
Businessman and television show host Donald Trump made a statement to reporters at a press conference in New Hampshire ahead of remarks by President Barack Obama on the issue of the President's release of the long-form birth certificate.
Donald Trump has made yet another high-profile enemy over his accusations that President Barack Obama may not have been born in the U.S.
Iran, prominent member of the oil cartel Organization of Petroleum Exporting Countries (OPEC) and long-time adversary of the U.S, has objected to the move by certain members of the oil exporting cartel to raise output in order to clam markets and ease oil prices.
U.S. stocks advanced in early trade on Friday following better-than-expected monthly non-farm payrolls and unemployment data.
