Oil Mining News

Argentina’s new government scraps mining taxes

President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.

TransCanada posts $2.5bn loss in Q4 on Keystone XL charge

The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.

US mining and exploration investment declined 35 pct in 2015

The figure is the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948.

Colombia bans mining in country’s vast moorlands

Mining in the area of the Andes mountains right above the continuous tree line had been prohibited since 2011, but concessions granted before such ban had continued to date.

A crude correlation with Canada’s currency

Canada is the world’s fifth largest oil and gas producer and its energy export revenues are a significant part of the economy.

‘Zombie’ stocks haunt Canada’s oil patch, but buyers not interested

Buyers are not biting in worst market in generation.

Chart of the Week | Oil is dirt cheap………literally

We decided to conduct an experiment at Home Depot to find out if that's true. Our landmark investigation left no stone unturned.

Brian Bagnell's tips for smart oil and gas investing

In today's tough price environment where most oil and gas juniors are losing money, a strong balance sheet is the key to survival, says Brian Bagnell.

Russia cries Dyadya (Uncle), is Saudi Arabia listening?

According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."

Oil price crash: markets slump as Opec resists Russian calls for emergency meeting

Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War high.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

60 reasons why oil investors should hang on

Inventories will continue to rise, but the momentum is slowing.

Which energy companies are being added to US Global Funds in anticipation of an oil rebalance?

In this interview with The Energy Report, Frank Holmes and Samuel Pelaez name their favorites and outline the fundamentals that will make 2016 look a lot different than the year that just ended.

INFOGRAPHIC: Three major reasons for gold in 2016

Here are three compelling reasons why 2016 may be the perfect time to add gold to your portfolio.

Will oil prices rebound in 2016? Interview with Carl Larry

Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Rick Mills: How to profit from the demands of a growing world population

As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.

INFOGRAPHIC: The periodic table of commodity returns

This year’s version has an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

US Energy Department announces $18 Million to develop solar energy storage solutions

The amount is available for six new projects aimed to enable the development and demonstration of integrated, scalable, and cost-effective solar technologies.

INFOGRAPHIC: Visualizing the flow of oil around the world

Every day, 93 million barrels of oil are consumed by the world economy.

BHP takes largest-ever write-down on US shale operation

The world’s largest miner announced Friday a roughly $7.2 billion pretax charge against its U.S. onshore energy assets

War between Saudi Arabia and Iran could send oil prices to $250

The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries.

Feeling abandoned, Saudi Arabia ups the ante

Last week a major diplomatic crisis developed between Saudi Arabia and Iran over the Saudi execution of Nimr al Nimr, a charismatic Shiite cleric and anti-Sunni political activist.

China rings in 2016 with a stock market crash

Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.