eCommoditiesTrading

Group: NM lacks adequate oil and gas enforcement

admin — Fri, 18 May 2012 00:00:08 +0000

New Mexico regulators, who are grappling with how to best regulate the oil and natural gas industry, heard Thursday from energy producers who have seen their costs rise and ranchers who are concerned about …

Natural gas prices drop on rising supplies

admin — Thu, 17 May 2012 18:00:06 +0000

The price of natural gas is dropping as mild weather curtails demand in parts of the country while supplies continue to build.Natural gas fell 6.77 cents, or 2.5 percent, to $2.62 per 1,000 cubic feet …

Lower oil prices ease load on consumers and Obama

admin — Thu, 17 May 2012 06:00:11 +0000

What only weeks ago was seen as a serious threat to the economic recovery could now turn into a stimulus everyone can love.Oil and gasoline prices are sinking, giving relief to businesses and consumers …

Oxfam sues over oil, mining payments to governments

admin — Thu, 17 May 2012 06:00:07 +0000

Oxfam America sued the U.S. Securities and Exchange Commission on Wednesday to try to get the SEC to force oil, gas and mining companies to disclose how much they pay to foreign governments. The SEC is …

Oil price still falling as supplies grow

admin — Wed, 16 May 2012 18:00:16 +0000

The price of oil continues to decline as supplies grow in the U.S.Benchmark U.S. crude on Wednesday fell by 57 cents to $93.41 per barrel in New York. It dipped to a seven-month low of $91.81 earlier and …

News Summary: PetroChina in Canada LNG project

admin — Wed, 16 May 2012 18:00:14 +0000

CHINA CONNECTION: Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea to develop a liquefied natural gas export project in British Columbia.SHELL …

Oil price still falling, near $93 a barrel

admin — Wed, 16 May 2012 18:00:13 +0000

The price of oil continues to decline as supplies grow in the U.S.Benchmark U.S. crude on Wednesday fell by $1 to $92.98 per barrel in New York. It dipped to a seven-month low of $91.81 earlier and is …

GE to acquire 2 mining equipment companies

admin — Wed, 16 May 2012 18:00:12 +0000

General Electric is acquiring two mining equipment manufacturers to capitalize on growth in places like Australia and China.GE will spend $698.2 million for Industrea Ltd., a a mining products and services …

Smucker Chops Coffee Prices

admin — Wed, 16 May 2012 18:00:11 +0000

The J. M. Smucker Company has announced that it will slash its packaged coffee prices by an average 6% owing to continuous decline in green coffee costs.

Saudis, soaring costs may keep oil above $100

admin — Wed, 16 May 2012 18:00:10 +0000

Oil industry executives and bankers are assuming oil prices will stay above $100 a barrel in the year ahead, despite mounting economic worries, as any fall below that level would trigger a cut in Saudi …