NAI Breaking News

Oil Sands are Biggest Losers From Low Crude Prices: Study
Posted 2014-08-15 04:01NAI Editing
ConocoPhillips (COP) and Royal Dutch Shell Plc (RDSA) are among global oil companies needing crude prices as high as $150 a barrel to turn a profit from Canada’s oil sands, the costliest petroleum pro

Shell Sells U.S. Natural Gas Fields for $2.1 Billion
Posted 2014-08-15 03:41NAI Editing
Royal Dutch Shell Plc (RDSA) sold two natural gas assets in Wyoming and Louisiana for $2.1 billion plus shale acreage in Pennsylvania, continuing a $15 billion divestiture plan.

Aussie Mine Productivity World's 2nd Worst: PwC
Posted 2014-08-15 03:34NAI Editing
Falling consistently from a peak rating of about 104 points in 2007, Australian mine productivity hit 88 points in 2013, said the PricewaterhouseCoopers report titled “Mining for Efficiency,” accordin

Gold Demand Falls in Q2 as Jewellery, Bar Sales Slide-WGC
Posted 2014-08-14 05:37NAI Editing
Global gold demand fell in the second quarter, the World Gold Council said on Thursday, as a plunge in jewellery, coin and bar sales from last year's record levels outweighed lower liquidation of gold

Anglo American's Earnings Target Seen ‘Too Ambitious’ by Liberum
Posted 2014-08-14 03:43NAI Editing
Anglo American Plc (AAL) may fall short of earnings targets because of accelerating inflation in its markets, an extensive capital-expenditure plan and over-dependence on asset sales, brokerage Liberu

Asia Buyers of U.S. Oil Struggle on Tight Ship Supply
Posted 2014-08-14 03:37NAI Editing
Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates as U.S.-Asia oil trade flows grow.

Exxon Ends Oil Search With Total in South Sudan as War Rages
Posted 2014-08-14 03:32NAI Editing
Exxon Mobil Corp.

U.S. Supply of Crude Unexpectedly Gains
Posted 2014-08-13 05:41NAI Editing
West Texas Intermediate oil declined after a government report showed that U.S. crude inventories unexpectedly increased, before jump to above the falt line.

Iron Ore Drops to Eight-Week Low as China Credit Gauge Plunges
Posted 2014-08-13 05:13NAI Editing
Iron ore sank to the lowest level in almost eight weeks as a credit gauge in China plunged, adding to risks that demand will slow from the world’s biggest buyer of the raw material.

India Gold Imports Seen Dropping as Rajan Protects Rupee
Posted 2014-08-13 04:02NAI Editing
Gold imports by India will probably decline for a third year as the government keeps curbs on shipments to prevent the current-account deficit from widening and to support the rupee.