Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
Oil Mining News
Bob Moriarty points investors toward information that accurately captures movement in energy markets.
Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal talks on a possible production freeze, Reuters reported on Wednesday, citing industry sources.
Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.
Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.
Oil and gas companies have gutted their capex budgets, necessary moves as drillers went deep into the red following the crash in oil prices. But the sharp cutback in investment means that huge volumes of oil that would have otherwise come online in five or ten years now will remain on the sidelines.
What killed the dinosaurs? It's a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for decades.
$177 million settlement announced Wednesday requires action to prevent future spills.
Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.
The infographic serves as the perfect primer for all the questions about oil that you had, yet were afraid to ask.
Bringing back all of that equipment and personnel is no easy task.
The sum obtained after selling 10.9% of the state-controlled diamond producer will be used to cut budget deficit, the government said.
The positive side of nuclear energy definitely deserves more attention than it's currently getting.
China’s state-backed Silk Road Fund is said to be considering a joint $2 billion bid with China National Gold Group for the Vasilkovskoye mine.
The 42%-growth to 3.4 million barrels per day by 2025 will come from the expansion of existing facilities rather than new projects, IHS says.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
Gold climbs the most in eight years, while copper and oil fall.
Just a few years ago, we would have scoffed at the idea that electric vehicles could be mainstream anytime soon, or that the global appetite for lithium-ion batteries and mass power storage would be so voracious, and so sudden.
The Catch 22 is if oil prices rise high enough to put drilling and service back to work then it won’t last long.
Technical analyst Jack Chan believes a correction in oil prices is underway, and advises investors to use caution in a vulnerable market.
Tesla Model 3 promises to move electric cars from niche to mainstream, spurring larger electric car adoption in transport, according to Wood Mackenzie’s latest research.
The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.
Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.
The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.
The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its early-stage work.