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Oil prices rise ahead of OPEC meeting
Oil prices rose Wednesday after fresh data showed a drop in U.S. and worldwide crude inventories and OPEC members gathered in Nigeria to discuss a possible production cut.
The U.S. Energy Department released data showing a 4.3 million barrel drop in U.S. crude oil inventories last week, while the International Energy Agency said in its monthly [...]
Rio becomes ASX`s first A$100 share
Rio Tinto Group, the world`s third-biggest mining company, on Monday became the first A$100/share (US$84/share) on the Australian Securities Exchange, beating CSL Ltd and Macquarie Bank Ltd to the milestone.
Rio`s shares become the first to reach three figures since the nation`s state-based stock exchanges merged in April 1987.
Shares including Poseidon NL, a nickel explorer, breached [...]
In U-turn, India’s Petroleum Ministry sets ground for buying Iran gas at double the cost
IRNA-Going back on its earlier stand that Tehran should stick to the terms of its gas supply contract, the Petroleum Ministry has now decided to re-open the contract and has agreed, in principle, to buy gas at a higher price.
In June 2005, GAIL (India), Indian Oil Corporation and Bharat Petroleum had signed Sale Purchase Agreements [...]
Gold Prices Set to Hit New Highs
ANALYSTS predict international gold prices will touch a high of US$800 per ounce by year-end, helped by a falling US dollar and the current global financial turmoil.
Investors are buying gold as a safe haven for wealth because of the problems in the US economy, analysts said.
Prices are expected to soar to new highs at over [...]
Nevada Developers Betting on Additional 6,500 Megawatts of Coal-Based Energy, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas). There are 9,800 megawatts of planned new power generation unit additions of all fuel types in Nevada. This includes fifteen coal-fired generating units.
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