 |
WTI Crude •1 day | 40.25 | -0.06 | -0.15% |
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Brent Crude •1 day | 41.92 | -0.02 | -0.05% |
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Natural Gas •1 day | 2.139 | -0.109 | -4.85% |
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Mars US •1 day | 41.00 | -0.01 | -0.02% |
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Opec Basket •3 days | 41.22 | -0.18 | -0.43% |
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Urals •2 days | 41.85 | +0.00 | +0.00% |
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Louisiana Light •3 days | 41.71 | +0.29 | +0.70% |
|
Marine •2 days | 42.19 | +1.04 | +2.53% |
|
Murban •2 days | 42.22 | +0.73 | +1.76% |
|
Iran Heavy •2 days | 39.75 | +0.27 | +0.68% |
|
Basra Light •2 days | 43.97 | +0.27 | +0.62% |
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Saharan Blend •2 days | 40.77 | +0.23 | +0.57% |
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Bonny Light •2 days | 40.91 | +0.13 | +0.32% |
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Canadian Crude Index •8 days | 28.16 | -0.12 | -0.42% |
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Western Canadian Select •1 day | 31.81 | +0.38 | +1.21% |
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Canadian Condensate •2 days | 39.31 | +0.38 | +0.98% |
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Premium Synthetic •2 days | 40.71 | +0.38 | +0.94% |
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Sweet Crude •1 day | 37.31 | +0.63 | +1.72% |
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Peace Sour •1 day | 36.01 | +0.38 | +1.07% |
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Louisiana Light •3 days | 41.71 | +0.29 | +0.70% |
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Domestic Swt. @ Cushing •2 days | 36.75 | +0.00 | +0.00% |
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Giddings •2 days | 30.50 | +0.00 | +0.00% |
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ANS West Coast •5 days | 40.35 | +0.07 | +0.17% |
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West Texas Sour •2 days | 34.20 | -0.06 | -0.18% |
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Eagle Ford •2 days | 38.15 | -0.06 | -0.16% |
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Metals / Commodities
The Philippines Just Shut Down Half Of Its Mining Industry
One of the most-watched happenings in the global mining sector came to a head yesterday. As the government of major mining center the Philippines unveiled results of a nation-wide…
South African Platinum Miners Struggle As Strikes Intensify
More warning signs emerging this week in the world’s top-producing platinum nation, South Africa. Where it appears the depressed state of industry is endangering the future of several critical mines.…
China’s Hunger For South American Copper Continues To Grow
The world’s largest copper mine is moving closer to a shutdown. With unionized workers at Chile’s Escondida operation yesterday rejecting owner BHP’s latest wage offer — and now facing…
World’s Largest Mining Investment Fund Is Bargain Hunting Again
China expanded its global reach again this past week. With the first-ever rail shipment of Chinese goods arriving in London, as part of a new Silk Road train…
Lithium Miners In This Key Producing Nation Could See Radical Changes Soon
The “value added” craze has been sweeping the mining world. With governments from Zimbabwe to Indonesia calling for miners to upgrade copper, nickel, aluminum and platinum in-country — rather than…
All Copper Exports From This World-Leading Nation Stopped Last Night
I wrote in late December about a looming crisis in Indonesia’s mining sector. And yesterday, it hit. Officials at Indonesia’s mining ministry confirmed that miners including Freeport-McMoRan have…
Metals Rise Across The Board After OPEC Agreement
Yesterday, the Organization of Petroleum Exporting Countries finalized a deal to cut production by 1.2 million barrels a day starting in January, its first reduction since 2008. The production deal…
Copper Prices To Rocket In 2017
Warnings of a potential surge coming in global copper prices this week. Emerging from a place few observers in the space are focused on. The southern Africa producing nation of…
Copper Markets On The Move As China Seals Peruvian Mega Deal
Big deal reached this past week in one of the world’s rising-star nations for copper production. Peru. It didn’t get much press, but one of Peru’s biggest copper mines has…
Platinum Crisis Averted As Miners Strike Deal With Unions
Major development in the global platinum sector this week. With miners in the world’s top-producing nation South Africa apparently having reached a deal with mineworkers to avert major strike action.…
A Serious Warning From The World’s No.1 Copper Nation
Rough week for the South American copper mining sector. With reports from Peru suggesting that at least one person was killed by police in violent protests against the massive…
This Oil Nation Is About To Kick Start Mining With A $500M Fund
Lots of interesting mining opportunities emerging these last few weeks — on one particular continent. Africa. Uganda, for example, said last Wednesday that it will improve rules around landowner…
Turmoil In The Philippines Sees Nickel Prices Jump
Big day for nickel yesterday. With prices leaping nearly 20 cents on the day to near $4.60 per pound — marking a nearly 5% move in a matter of hours.…
These Backroom Talks Could Seal The Fate Of The World’s No.1 Copper Miner
Whispers of a possible game-changing deal in the copper market yesterday. Arising out of emergency talks being held for the world’s top mining firm. Chile’s state miner Codelco. Local Chilean…
Nigeria To Jump Start Mining Activity With 3 Year Tax Break
Governments are starting to take drastic action in helping the beaten-down mining sector. With Polish lawmakers announcing this week they may give tax breaks to state copper…
The World’s Inventory Of This Rare Metal Has Quietly Fallen To Zero
Here’s a story you haven’t heard anything about. But which might vault into the headlines of the mining investment world very, very soon. World molybdenum stocks are nearly…
South African Platinum Faces Imminent Crisis
Six weeks ago I wrote about a possible coming crisis for the platinum sector. With mineworkers unions in top producer South Africa tabling demands for substantial wage…
Why Is Rio Tinto Giving Diamonds Away For Free?
It’s not often that quality mining assets come up for sale. And it’s even rarer they’re given away for free. But news this week suggests that’s exactly what’s…
Why Cost Cutting Might End Up Endangering Copper Markets
Commodities downturns aren’t completely bad for producers. One upside — lulls in the market often bring operating and capital costs down, as competition for labor, supplies and services…
Miners Reel From Increased Government Intervention In Major Projects
I find myself writing a lot about governments lately. With moves in the global legal and regulatory space seemingly coming fast and furious recently for resource companies. And this week…
