After an up-and-down day, Brent crude oil closed up slightly as US crude oil inventories fell, and North Sea oil production slows down. Brent oil September futures rose $0.14 to $112.14, after ranging from $110.85 to $113.27   This volatility is what traders profit from. Open a free $100,000 demo practice account today with Ava […]

Kinross Gold has announced the replacement of long-running CEO Tye Burt. Burt has been CEO since 2005, but had made some controversial decisions lately while share prices have fallen 34% in 2012. Paul Rollinson, formerly Vice President of Corporate Development, is taking over as CEO. Burt’s most contentious decision was the takeover of Red Back Mining […]

Russian gas giant Gazprom has announced significantly lower sales to Europe so far in 2012 – down 12% to 82 billion cubic meters. This is very surprising as Europe experienced one of their coldest winters ever which caused an increased demand for power and gas. This opens the door to other European gas giants, like France’s […]

Sudan and South Sudan have come to an agreement over disputed oil payments, preventing a possible war as tensions rise. South Sudan – the world’s newest country – separated from Sudan in 2011 keeping 75% of the oil production along the border region. This greatly hurt relations with the Sudan, who claimed the oil-producing regions […]

Western sanctions against Iran are costing them $133 million per day in lost revenue. The sanctions were put in place to prevent Iran from continuing to pursue their covert nuclear weapons program. Iranian oil shipments are down 52% since July. Although controversial at first, the sanctions are now seen as a major success as we […]