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Mining Exploration, Market and Trade Reported
This week crude oil spiked 8% higher Friday into the high $130s; Senator Barack Obama cinches the Dem-Nom; an Israeli official says that bombing Iran’s nuclear facilities looks inevitable; the U.S. unemployment rate pops half a full percentage point to 5.5%; the buck gets thumped despite Bearded Ben’s early-week fireside chat (where he uncharacteristically mentioned [...]
Mining Trade and Market Analysist : As Oil Nears $100, Look Out Below
Oil prices are soaring. Having jumped 40% since August, crude prices hit another historic high on Nov. 6, rising to $96.70 a barrel. The factors sparking the $2.72 rally this time: bad weather in the North Sea that could force production cuts, the dollar’s continued fall, more violence in the Middle East, and fears that [...]
Refining Rewards And Risks For Four Oil Majors
The long-term crack spread, or margin between the price of refined products and crude oil, is probably higher than the $10 a barrel (17% of crude oil price) we have in present value estimates, but the recent sharp runup to the current quote of $17 a barrel (25% of crude oil price) for the next [...]
Total company well operated on Nigeria
Oil rose above $65 a barrel on Monday after assailants broke into an oil well in Nigeria, reminding investors of the risk to supply from the world’s eighth largest exporter.
“Nigeria is still very much on top of the list in terms of risk,” said Olivier Jakob, oil analyst at Petromatrix. “The market is going to [...]
Race for Oil, Fish, Diamonds and Shipping Routes Heats Up as Global Warming Melts the Arctic
Barren and uninhabited, Hans Island is very hard to find on a map. Yet these days the Frisbee-shaped rock in the Arctic is much in demand — so much so that Canada and Denmark have both staked their claim to it with flags and warships. The reason: an international race for oil, fish, diamonds and [...]
Oil finishes above $59
Warning about potential militant attacks on oil facilities in Nigerian outweighs U.S. warm weather forecasts.
Oil jumped 2 percent Friday to above $59 a barrel after the United States warned that Nigerian militants are planning to expand attacks in Africa’s top oil producer.
U.S. crude for March delivery rose to settle up $1.40 to $59.39 a barrel, [...]
Ten of the Sivy 70 returned at least 30 percent last year. Here’s how those stocks shape up for 2007.
Despite all the worries, last year turned out to be quite good for blue-chip stocks. Although prices were flat early in 2006, stocks rallied strongly in the second half.
For the year as a whole, the S&P 500 index rose 14 percent. Add in dividends, and the total return was more than 15 percent. That’s considerably [...]
Russia defends its gas honor
This year has been the most eventful for Russia’s energy policies since the break-up of the Soviet Union.
Moscow has convinced everyone that the many years of subsidized gas prices for neighboring economies are becoming a thing of the past and that it is firmly determined to defend the position of its energy industry on the [...]
Futures mixed as reports of strong holiday shopping season balance spike in oil from worsening Iranian nuclear dispute.
The continued dispute with Iran pushed oil prices higher and could give stocks a rough start to the final week of the year, although they could get a boost from reports of a strong end to the holiday shopping season.
Stock futures were narrowly higher in early trading, although a comparison to fair value, which predicts [...]
