Oil Mining News

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

Move over oil – lithium is the future of transportation

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.

Increase In U.S. rig count will not cap oil prices

The Catch 22 is if oil prices rise high enough to put drilling and service back to work then it won’t last long.

Oil prices send sell signal

Technical analyst Jack Chan believes a correction in oil prices is underway, and advises investors to use caution in a vulnerable market.

Electric vehicles have the potential to be a significant disruptive force for commodities markets

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.

Decision on TransCanada's Energy East closer than ever as federal board begins review

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.

Global upstream investment slashed by US$1 trillion since the oil price drop

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.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

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.

Cenovus bumps up caribou protection project with $32M investment

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.

Chinese miners eye Glencore’s Kazakh gold operation

Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.

Cenovus shuts down oil site due to risks posed by Canada’s wildfire

About 118 staff members have been moved to nearby Wabasca by bus and helicopter as a precaution.

Afghanistan deploys security forces in large illegal mining crackdown

The country lost at least $27.5 million in revenue from lapis lazuli between 2014 and 2015. In contrast, armed groups earned about $20 million just in 2014.

Hatch positions for growth in Oil and Gas sector in Australia–Asia

Hatch is further strengthening its services and capabilities in the oil and gas sector to pursue new opportunities for growth in the Australia–Asia region.

3 years of painful cuts sets markets up for serious supply crunch

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online.

Oil climbs over $50: Can investors bank on a recovery?

The price of a barrel of oil has almost doubled from its low of $28 at the start of the year, prompting speculation that a recovery is underway.

Think beyond oil and gold: Interview with Mike 'Mish' Shedlock

There are other plays. Think electric vehicles and even driverless cars. Find what's undervalued now and get in on some of the games that will dictate glorious future wealth.

Fed raising interest rates in June? Marc Faber says no, is bullish on gold and oil stocks

Given the abundant speculation about the Federal Reserve and interest rates, Marc Faber told CNBC last week he believes the Fed is closely watching the market reaction to its intimations it may raise rates in June.

Crude falls as Canada to resume oil sands output after fires

Cooler weather is helping to control a blaze in Canada’s oil sands region and allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work.

What does the next OPEC meeting have in store?

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran

Wildfire hitting Canada’s oil sands heart gets closer to major plants

Situation has forced some companies to abandon plans laid last week to restart production.

Double-digit yields from around the world

In this bulletin, Adrian Day reviews three companies with strong yields. All three are under some pressure, but equally all are solid companies with very attractive yields.

Canadian oil sands camps evacuated as wildfire shifts north

Forest fires in Northern Alberta have forced additional evacuations at several major operations.

Enbridge back in the black as oil shipments rise

Canada’s largest pipeline company's first-quarter profit rose as record volumes carried on its main pipeline system helped shield it from a sustained drop in oil prices.

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Chart of the week: Oil bankruptcy mayhem

Total debt of newly bankrupted energy companies is soaring each month