Other Commodities
Copper Prices show strong increase after demand rush from China
Copper hit the psychologically important $ 3 per pound mark again on Thursday, due to falling inventories, booming Chinese demand and pandemic-stricken supply from South America, the US and Africa. Copper for December delivery traded on the Comex in New York …
Angola announces increase in country´s oil production
Angola, Africa's second largest oil producer after Nigeria, will require foreign and government investment to discover up to 57 billion barrels of crude by 2025, according to a new energy strategy reported by state news agency ANGOP. Angola's plan provides for …
Prices for Brent on a five-month high
Oil prices rose on Monday, with Brent hitting its highest level in five months, aided by a 30% cut in crude oil supplies from Abu Dhabi and encouraging Chinese data, while global demand struggled to return to pre-COVID levels in a well-supplied market can …
Silver stocks should still be a the focus of investors
Silver miners' stocks have been on a year-long roller coaster ride, dragged into the March stock panic before skyrocketing in a massive climb. While the much higher prevailing silver prices radically improve silver stock fundamentals, the second quarter's …
Shell announces plans to proceed with development of ultra-deepwater oil field
Mexico's National Hydrocarbon Commission approves Royal Dutch Shell's (RDS.A, RDS.B) application to conduct all approved activities in their exploration plan for the ultra-deep sea oil field Xochicalco in the Gulf of Mexico. Shell will drill a hole five miles …
SKRR successfully closes their private placement
SKRR Exploration Inc. (TSX-V: SKRR, Forum) announced this week that it has completed its private placement of 4,701,000 shares at a price of $ 0.25 per share for gross proceeds of $ 1,175,250. The Company added that the net proceeds from this financing will be …
Saudi oil exports at historical low in June
The world's largest petroleum exporter, Saudi Arabia, saw its crude oil exports hit a record low of just under 5 million barrels a day (bpd) in June as the de facto leader of OPEC led the efforts of the OPEC + group in response to the Collapse in demand …
Norway is giving a tax relief to its oil industry
Despite the crisis caused by the coronavirus, investments in the oil and gas industry in Norway are expected to increase by 1.6 percent this year compared to 2019. This is thanks to higher oil prices and the government's tax relief package for the oil …
Poor copper price weakens Antofagasta´s earnings
Chile's Antofagasta kept its dividend and resumed its growth projects even after lower copper prices drove its earnings down 22% in the first half, it said on Thursday, pushing its stocks lower. Stocks listed on the London Stock Exchange fell 5.4% around 1257 …
Rising gold price helps Gold Fields to boost profits
South African mining company Gold Fields reported a big jump in half-year earnings on Thursday, benefiting from a surge in the price of gold. Gold's surge to record highs above $ 2,000 an ounce and a weaker rand have given the South African gold industry, …