Oil slips on increased US rig count
Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the […]
Commodities
Big deal: Newmont acquires Goldcorp for $10 bn
Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued at US$10 billion, creating the world’s largest gold miner and cementing a return of M&A to the industry. […]
Gold recoups as market awaits news on trade deal
Gold held steady on Wednesday as a surge in risk appetite on hopes of a Sino-U.S. trade deal offset support from expectations of a pause in U.S. Federal Reserve rate […]
US-China trade tensions will push oil prices under $70?
Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the […]
Oil: US EIA revised price forecasts for 2019
In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration has revised its 2019 price forecasts for Brent and West Texas Intermediate to $61/bbl and $54/bbl, respectively, which […]
South Africa: gold mines aren’t the best business now
Back in 1987, South African President Cyril Ramaphosa — then a 34-year-old labor union leader — led 300,000 black miners in a strike that symbolized resistance to the apartheid regime. […]
Oil is going to be dominated by “Eternal Triangle”
The meeting of the Organization of Oil Exporting Countries (OPEC) in Vienna last week confirmed what some in the oil industry have been saying for a while: A new global […]
OPEC is looking at Putin to cut oil production?
Representatives of Opec’s current 15 member states meet at its headquarters in Vienna, Austria on Thursday, 6 December, for their latest biannual meeting, where they will set production levels for […]