Bangladesh strikes oil for the first time. Petrobangla, the state-owned company, is developing 2 gas fields in the northeast part of the country. The 2 fields are estimated at 153 million barrels, and are slated to begin production in the next 12 months. The oil was rated as light, and low in sulphur. This could […]

The Seaway crude oil pipeline has started flowing, accepting Canadian crude oil at the Cushing, OK. storage hub — the benchmark for WTI Crude Oil pricing. From there, it gets sent to refineries in the US Gulf of Mexico coast. Enterprise Products Partners (EPD) and Enbridge (ENB) are each 50% partners in the venture, which […]

As the sale for the London Metals Exchange (LME) winds down, questions remain about one of the prime contenders for the purchase; the Hong Kong Exchange’s (HKEx) Mercantile Exchange. The top 3 companies in the bidding are the IntercontinentalExchange (ICE) in Atlanta, Chicago Mercantile Exchange (CME), and HKEx. However investors are now questioning how the […]

Gold prices rose today as investors forsee the US Federal Reserve adding more stimulus to the markets to help drive the US economy. This triggers inflation fears, and gold is still seen as the best hedge against inflation. Today’s rally is surprising following yesterday’s credit ratings downgrade of 16 Spanish banks and Greece’s credit rating […]

Demand for gold in China looks to rise 30% in 2012 due to growing wealth in demand for luxury goods, surpassing India as the largest gold market in the world. Chinese gold demand was 770 tons in 2011, however China is now on pace to exceed 1,000 tons in 2012. India’s demand of 933 tons […]

Lead is at a year-low currently, but poised to rise on global shortages. Demand for lead has gone up every year for the past 5 years as the metal is a crucial part of industrial batteries. Wolrdwide stockpiles dropped 7.6% since October 2011 when lead prices reaches an all-time high. Analysts estimate that prices will […]

Brent crude oil was up slightly today after welcomed good news regarding German GDP growth. This news was a welcome change from the Greek political standoff and debt issues. Brent crude oil is still the benchmark for the United Kingdom and much of Europe. German GDP data for Q1 2012 was better than expected, raising […]

Silver Wheaton’s share price has falled a lot recently as the whole global markets pull back. However many analysts are still very optimistic and looks to see Silver Wheaton grow by increasing inventories at lower prices. The company purchases silver from producers. Silver Wheaton currently holds $1 billion in cash and another $400 million in lines of credit. […]

The price of gold rose steadily this year, but has since falling to the same level as early January. Europe’s debt crisis isn’t going away, and political instability is on the rise in many countries. France has a new socialist government, Italy recently replaced theirs, and Greece’s parliament is deadlocked without a coalition ruling party. […]

The US government is considering allowing liquefied natural gas (LNG) exports, and is consulting with experts on the matter. “We want analysis to drive the decision. As a general rule of thumb we do not oppose LNG exports” said White House Energy Adviser Heather Zichal. The US has large natural gas reserves, and the most efficient […]