Oman to increase Oil Production This Year: Al Rumhy
Oman is set to increase its oil production from 855,000 barrels per day (bpd) to 915,000 bpd this year, the…
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Commodities News
Turkey to cut Iran Oil Imports By a Tenth
Turkey said on Friday it will cut imports of oil from Iran by a tenth, ceding to US pressure a week after…
Indonesian Parliament Delays Fuel Price Rise Plan
Indonesia's parliament has voted to block the government's plan to raise fuel prices by more than 30 per cent by…
Goldman Sachs Forecasts Strong Year For Gold
Gold prices will continue to rise steadily throughout the next 12 months, as long as the U.S. economy maintains its…
US Silver’s 2011 Results Backed By Rising Prices
U.S. Silver Corp. enjoyed a bountiful 2011, with revenue, net income, and production all increasing, thanks…
Gold Prices Higher On Bernanke’s Remarks
Gold prices started off the week trading higher based on Monday’s news that Federal Reserve Chairman Ben Bernanke…
US to Impose Fresh Oil Sanctions on Iranian Oil Buyers
US President Barack Obama has approved the introduction of fresh sanctions on buyers of Iranian oil. In a…
BOC Seeks to Join London Metal Exchange
Bank of China Ltd. became the first Chinese company to apply for membership on the London Metal Exchange, the…
Sanctions Could Cost Iran $ 50 Bln
Iran’s oil revenue could halve. Top buyers are moving to cut imports of crude from the Islamic Republic amid a…
Saudi Arabia to Act to Push Down Oil Prices
Saudi Arabia will act to bring down oil prices, Saudi oil minister Ali Naimi said on Thursday as France signaled…