Daily Top Story

Iraq Is always a Producer of the Future
Posted 2014-05-28 05:41NAI Editing
Production forecasts for 2014 are getting less optimistic. The Oil Ministry’s official target is 4 million barrels a day by the end of the year.

Shakeout Threatens Shale Patch as Frackers Go for Broke
Posted 2014-05-27 05:04NAI Editing
The U.S. shale patch is facing a shakeout as drillers struggle to keep pace with the relentless spending needed to get oil and gas out of the ground.

China and Russia's $400-Billion Gas Mega-Deal hardly Means Game over for Canadian LNG'
Posted 2014-05-26 07:05NAI Editing
With its US$400-billion deal to supply natural gas to China, Russia has leapfrogged Canada and other would-be LNG exporters seeking to do business with the Asian nation.

WTI Set for Longest Gain Since February on Supply
Posted 2014-05-23 09:24NAI Editing
West Texas Intermediate crude headed for its third weekly gain, the longest rising streak since February, amid declining U.S. crude stockpiles. Brent was steady in London before elections in Ukraine.

Russia-China Deal Seen Damping LNG Prices as Output Rises
Posted 2014-05-22 09:54NAI Editing
China’s deal to buy natural gas from Russia after a decade of talks risks making tanker shipments of the fuel less competitive as new projects target Asian markets.

WTI Crude Rises to One-Month High on U.S. Supply Drop
Posted 2014-05-21 09:43NAI Editing
West Texas Intermediate crude rose to a one-month high after a government report showed U.S. supplies tumbled last week as imports dropped to a 17-year low.

Uranium Slides as Banks Reduce Outlook Amid Japan Delays
Posted 2014-05-20 07:21NAI Editing
Delays in restarting Japan’s nuclear reactors are prolonging a uranium supply glut that’s driven prices to an eight-year low, making banks from UBS AG to Credit Suisse Group AG less bullish on the fue

Nickel’s Roller-Coaster Plunge Isn’t Over
Posted 2014-05-16 04:35NAI Editing
Nickel’s roller-coaster ride this year isn’t over, according to Goldman Sachs Group Inc., which expects the highest prices in two years to prompt expanded capacity for smelting and discourage purchase

Keystone Delay Fuels Push for Canada Eastern Oil Pipeline
Posted 2014-05-15 08:43NAI Editing
Delays by the U.S. in reviewing Keystone XL are helping build momentum for an oil pipeline to Canada’s East Coast.

WTI Oil Rises to Three-Week High on Cushing Supply
Posted 2014-05-14 08:56NAI Editing
West Texas Intermediate advanced to the highest price in three weeks as a government report showed that crude stockpiles fell at Cushing, Oklahoma. Brent oil rose.