La Organización de Países Exportadores de Petróleo (OPEP) se reúne hoy en Viena, Austria para discutir los niveles actuales de producción. Sin embargo ya existe un desacuerdo importante sobre si los niveles actuales se deben subir o bajar. Arabia Saudita, Kuwait, Qatar y los Emiratos Árabes Unidos quieren que los límites de producción se eleven […]

Crude oil prices fell to an 8-month low after crude oil inventory figures were released by the US Energy Department. Inventory levels in the US are now the highest since 1990. Oil future dropped 2.7% and briefly reaching below $81 per barrel. US inventory levels rose 2.86 million barrels to 387.3 million barrels — levels unseen […]

Crude oil prices have been rising all day as Spain’s bond yields fall to acceptable levels after a successful auction. Greece’s pro-European Union pro-bailout New Democracy party won the elections over the weekend, which puts hope in a more stable Europe. The US Federal Reserve is meeting today to discuss further stimulus efforts in for […]

The BBC has published a feature on Iraq’s oil sector: Iraq could be one of the oil-producing countries hardest hit by a fall in the price of oil. The country’s reconstruction efforts are largely underpinned by oil revenues and it has some of the world’s largest undeveloped oil fields. But security risks, political feuding and […]

Glencore, the world’s largest commodities trading company, has agreed to buy 50% of the nickel and copper mined from the seafloor by DeepGreen Resources. DeepGreen, based in Vancouver, Canada, is using the Nautilus underwater harvester to mine the seafloor of the Pacific off Mexico’s shore. This has been a volatile time for Nautilus coming off 2 […]

The Hong Kong Exchange (HKEx) has won the bidding to buy the London Metal Exchange (LME) for $2.15 billion. HKEx won the bidding process over the IntercontinentalExchange (ICE) in Atlanta and Chicago Mercantile Exchange (CME). The LME handles 80% of global metals trading – including gold, silver, copper, aluminium, and nickel – of which China is […]

Silver stock prices for the week of June 11 -15, 2012. Hecla Mining (HL) → up $0.13 or 2.8% to $4.71. Pan American Silver (PAAS) → down $0.05 or 0.3% to $18.33. Silver Standard Resources (SSRI) → down $0.30 or 2.4% to $12.35. Silver Wheaton (SLW) → up $0.35 or 0.9% to $27.84.   This volatility is […]

Gold prices have been rising for 4 straight weeks now, as hedge funds start buying more gold products, especially ETFs. Investors are also anticipating another round of US Quantitative Easing (QE) and a bailout plan for Greece, which will spur economic growth and inflationary fears. Gold is still the best hedge against inflation. Gold has risen about 70% […]

OPEC – the Organization of Petroleum Exporting countries – has decided to leave oil output levels unchanged. This puts pressure on Saudi Arabia, the largest oil exporter, to reduce their supply if prices keep dropping. The Saudis have openly states that they like the price of West Texas Intermediate (WTI) to be around $80 per barrel, […]

Los precios del petróleo crudo cayeron a su punto mas bajo en 8 meses después de que se dieran a conocer las ventas minoristas en EEUU mostrando pobres resultados. También hubo un decline en la producción de la Zona Euro. El Departamento de Comercio de los EE.UU. dio a conocer los datos de las ventas […]