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 […]

Online trading broker AvaTrade has recently added ETF to their products lineup, including Market Vectors Gold Miners ETF. We are very excited about this instrument which tracks a group of the leading gold mining companies worldwide. AvaTrade — formerly Ava FX — is an online trading broker based in Dublin, Ireland. They offer all their instruments […]

Gold prices fell by the largest amount in a week as the US Dollars strengthened. Since gold is priced in USD, as the USD strengthens gold becomes more expensive for people not holding USD, such as Europeans or Asians. The markets were also reacting to concerns that the US Federal Reserve might not take more […]

Silver stock prices for the week of June 25 – 29, 2012. Hecla Mining (HL) → up $0.23 or 5.1% to $4.75. Pan American Silver (PAAS) → down $0.35 or 2.0% to $16.88. Silver Standard Resources (SSRI) → down $0.39 or 3.4% to $11.24. Silver Wheaton (SLW) → up $0.64 or 2.4% to $26.84.   This […]

China and Singapore reduce their purchase of crude oil from Iran, the US said today. Had they failed to do so, they would have received sanctions from the US financial markets. Other major countries to significantly reduce their Iranian oil purchases were India, South Korea, Turkey, South Africa, Malaysia, Sri Lanka, and Taiwan. The European […]

Gold and oil prices rose the most in a single day in 3 months. Gold’s 4.4% downtrend was due to investors selling gold to make up for losses in other markets as they fell. Oil prices rose as the world is adjusting to the European Union ban on Iranian oil coming into effect on July […]

Qatar Petroleum is preparing to submitting plans to build a power plant at the South Hook terminal. South Hook is the Europe’s largest liquified natural gas (LNG) terminal, and run by Total and ExxonMobil. Qatar supplies virtually all of the UK’s LNG needs through the South Hook terminal, and is now planning the development of the 500 […]

Oil prices have just seen the worst quarter in 5 years, however things are expected to turn around as the European Union boycott on Iranian oil is about to begin. China is Iran’s biggest purchaser of crude oil but is now considering slowing down purchases. This is punishment for the regime’s covert nuclear weapons program. […]

Petrobras, the Argentinian subsidiary of Brazil’s Petroleo Brasileiro, has announced the discovery of 6 million barrels of oil. The La Cancha reserve is located in the Santa Cruz province’s Agua Fresca oilfield and is Petrobras’ second project in the province. It is estimated to produce 3,000 barrels of crude oil, and 90,000 cubic meters of gas per day. Petrobras is planning […]