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Posts related to ‘Commodities’

underground mining

Platinum Miner Shareholders Elect Former Montana Governor to Board

Posted: May 3, 2013 at 1:16 pm

The Clinton Group, a hedge fund with a stake of slightly more than 1%, succeeded last night in electing four of its nominees to the board of Stillwater Mining Co. ...
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Mining

Glencore Xstrata Gets Down to Business — Firings Imminent

Posted: May 3, 2013 at 12:46 pm

The completion of the $76 billion merger yesterday between Glencore International plc and Xstrata plc created a new company called Glencore Xstrata plc with 190,000 employees scattered in 50 countries. ...
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Blue flames of a gas stove

Natural Gas Inventory Build Tamps Down Price

Posted: May 2, 2013 at 10:45 am

The U.S. Energy Information Administration (EIA) today reported that the U.S. natural gas stocks increased by 43 billion cubic feet last week, substantially above the expected range for a build ...
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old mining hardhat with head light

Glencore, Xstrata Merger Now Complete

Posted: May 2, 2013 at 10:00 am

After more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a ...
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Inventory Report Crushes Oil Prices

Posted: May 1, 2013 at 11:00 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. The big news is U.S. crude oil inventories are at their highest level since the EIA ...
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Oil refinery

Refining Margins Boost Earnings at Phillips 66

Posted: May 1, 2013 at 9:20 am

Phillips 66 (NYSE: PSX) reported first-quarter 2013 results before markets opened this morning. The oil refiner posted adjusted diluted earnings per share (EPS) of $2.19. In the same period a ...
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Oil refinery

Valero, Marathon Earnings Continue to Impress

Posted: April 30, 2013 at 8:30 am

Oil refiners Marathon Petroleum Corp. (NYSE: MPC) and Valero Energy Corp. (NYSE: VLO) reported first-quarter 2013 results before markets opened this morning. Marathon posted diluted earnings per share (EPS) of ...
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BP

BP Earnings Reflect Gain on Sale of Stake in TNK-BP

Posted: April 30, 2013 at 7:35 am

BP PLC (NYSE: BP) reported first-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per American Depositary Share (ADS) of $5.20 on revenues ...
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gas sign

Crude Oil, Gasoline Prices Set Up for Sharp Drop

Posted: April 29, 2013 at 11:30 am

Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of ...
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Offshore drill rig

Chevron Earnings Not a Pretty Picture

Posted: April 26, 2013 at 9:10 am

Chevron Corp. (NYSE: CVX) reported first-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per share (EPS) of $3.18 on revenues of $54 ...
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Blue flames of a gas stove

Natural Gas Inventory Report Confirms Expectations

Posted: April 25, 2013 at 11:10 am

The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 30 billion cubic feet last week, with the expected range for a build of between ...
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Exxon Beats EPS Estimates Despite Vanishing Revenues

Posted: April 25, 2013 at 8:45 am

Oil and gas supermajor Exxon Mobil Corp. (NYSE: XOM) reported first-quarter 2013 estimated results before markets opened this morning. For the quarter, Exxon posted diluted earnings per share (EPS) of ...
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Gasoline Supply Sharply Down

Posted: April 24, 2013 at 10:50 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 900,000 barrels last week, bringing the total U.S. commercial crude ...
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Railroad Oil Tank Cars

Railroads May Be Safer Than Pipelines for Transporting Crude Oil

Posted: April 23, 2013 at 3:00 pm

One of the main arguments in favor of the proposed Keystone XL pipeline is the safety of pipeline transportation when compared with crude transport by rail or truck. The U.S. ...
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Drilling rig

He’s Baaaack — Aubrey McClendon Launches New Venture

Posted: April 18, 2013 at 12:30 pm

That didn’t take long. Co-founder of and former Chesapeake Energy Corp. (NYSE: CHK) CEO and chairman Aubrey McClendon is back in the oil & gas business. McClendon’s last day at ...
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