NAI Breaking News

WTI, Brent Oils Recorded for Weekly Drop on Slow Jobs Growth
Posted 2014-09-05 07:20NAI Editing
West Texas Intermediate and Brent crudes dropped after weaker-than-estimated U.S. jobs growth in August and as Ukraine and pro-Russian separatists agreed to a cease-fire.

Abbott to Sign Uranium Deal with India as Nuclear Pact Agreed
Posted 2014-09-05 04:01NAI Editing
Australia and India have reached an agreement over civil nuclear cooperation, which opens the door for uranium sales to the South Asian nation as it battles power shortages.

Iron Ore Drops Below $85 for First Time Since '09 as China Slows
Posted 2014-09-05 03:43NAI Editing
Iron ore declined below $85 a metric ton for the first time in five years as China’s economy, the world’s biggest buyer, showed signs of losing momentum amid an expanding global glut.

U.S. Refiners Attack Government Exemptions to Oil Export Ban
Posted 2014-09-05 03:29NAI Editing
Four big U.S. oil refiners launched their first broadside on Thursday against Washington's decision to approve exports of lightly processed crude oil, urging U.S.

Goldcorp 2014 Production Could Be at Low End of Forecast
Posted 2014-09-05 03:18NAI Editing
Goldcorp Inc's gold production this year could end up near the bottom end of its forecast range if it is unable to restart output at one of its Mexican mines, the company's chief executive said on Thu

Oil Falls as Refiners Slow Operations and Supplies Decline
Posted 2014-09-04 07:49NAI Editing
West Texas Intermediate crude fell after a government report showed that U.S. refineries reduced operating rates as the peak driving season came to an end.

Philippine Ore Ban Wins Support While Implementation Far Off
Posted 2014-09-04 04:13NAI Editing
The Philippine government should move toward banning mineral ore exports, the environment secretary said today, offering support to a bill proposing restrictions that may threaten nickel ore supplies

Glencore Says still Plans to Sell Lonmin Stake
Posted 2014-09-04 03:29NAI Editing
Swiss-based miner and commodities trader Glencore still wants to sell its 25 percent stake in South African platinum producer Lonmin at "the right time," its chief executive said on Wednesday.

Shell CEO Says US Should Export Oil to Stabilize Markets
Posted 2014-09-04 03:24NAI Editing
U.S. oil and natural gas exports "would reinforce the long-term future of North American energy production," significantly improve the U.S.

Vale, Glencore Break off Talks over Canada Nickel Deal
Posted 2014-09-03 04:49NAI Editing
Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1 billion in annual cost savings, sources close to the matter said.