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Latest Commodities market Stories

2014-10-23 08:27:32

According to the EY Oil & Gas Center's US quarterly outlook HOUSTON, Oct. 23, 2014 /PRNewswire/ -- Despite nearly unprecedented geopolitical concerns, both US and global crude prices have decreased during the third quarter of 2014 due to a surge in domestic production and weak oil demand growth. While the latest Department of Energy forecasts project continued increases in US oil production over the next 5-7 years, recent IEA estimates predict lower global oil demand growth than...

2014-10-21 00:20:43

SINGAPORE, October 21, 2014 /PRNewswire/ -- Asian spot prices fell in the first half of October as the region struggled to absorb abundant supply of liquefied natural gas (LNG) from the Pacific basin amid weak demand fundamentals. Falling crude oil prices also weighed on the near curve, as buyers anticipated lower contractual rates later in the winter. The ICIS November '14 East Asia Index (EAX) was assessed at $13.950/MMBtu on 15 October, having shed $0.775/MMBtu from...

2014-10-03 04:20:43

Lower demand, ample supply push prices lower AURORA, Ill., Oct. 3, 2014 /PRNewswire/ -- Gas price averages across Illinois and Indiana continue to drop heading into the fall season. Illinois and Indiana drivers are currently paying on average $3.46 and $3.26 respectively for a gallon of regular unleaded. In September in Illinois, gas prices averaged $3.55, which was down $.01 from August 2014 and down $.10 from September 2013. In northern Indiana, gas prices averaged $3.48 in September, which...

2014-09-05 04:20:06

Lower demand, switch to less expensive winter blend push prices lower AURORA, Ill., Sept. 5, 2014 /PRNewswire/ -- Gas price averages across Illinois and Indiana continue to drop heading into the fall season. Illinois and Indiana drivers are currently paying on average $3.55 and $3.51 respectively for a gallon of regular unleaded. These prices mark the lowest prices for a September start since 2010. http://photos.prnewswire.com/prnvar/20100506/AAACHILOGO In August in Illinois, gas prices...

2014-09-03 23:10:19

Norman Hay, who retired recently as CEO of Cargill, International S.A. and head of the Petroleum Business Unit, joins PanXchange, Inc. as Director. Mr. Hay, who has 38 years with Cargill in global leadership roles across grains, energy and soft commodities, will remain in Geneva, Switzerland and focus US and international energy projects for PanXchange. Denver, CO (PRWEB) September 03, 2014 Cites Mr. Hay, “Global physical energy markets, particularly petroleum, suffer from significant...

2014-08-31 23:04:06

Microsoft-based Datex Vault software includes features to ensure LBMA Good Delivery compliance. LBMA Good Delivery Rules specify bullion standards. Clearwater FL (PRWEB) August 31, 2014 Enhancements to Datex software now ensure LBMA Good Delivery compliance standards. Recognized throughout the world, The London Bullion Market Association LBMA Good Delivery standards provide requirements to ensure high standards for bullion. The LBMA Good Delivery Rules include specifications for the...

2014-08-12 08:24:16

MIAMI, Aug. 12, 2014 /PRNewswire/ -- Republic Metals Corporation (Republic Metals) is proud to announce the addition of the Republic Metals brand to the London Bullion Market Association (LBMA) Good Delivery list for Silver effective August 12, 2014. http://photos.prnewswire.com/prnvar/20140218/FL66405LOGO "Republic Metals is proud to have received silver brand registration with the LBMA. I am honored to lead such a determined team of professionals. Our founder and my father,...

2014-08-06 20:21:41

NEW YORK, Aug. 6, 2014 /PRNewswire/ -- London Silver Market Fixing Ltd. has announced its intention to discontinue the "London Fix" pricing benchmark for silver after August 14, 2014. The London Fix has been the "Benchmark Price" for valuation of silver bullion held by each of the ETFS Silver Trust (NYSE Arca: SLVR) (the "Silver Trust"), the ETFS Precious Metals Basket Trust (NYSE Arca: GLTR) (the "Precious Metals Trust") and the ETFS White Metals Basket Trust (NYSE Arca: WITE) (the...

2014-08-06 16:23:30

HOUSTON, Aug. 6, 2014 /PRNewswire/ -- Sanchez Energy Corporation (NYSE: SN) (the "Company" or "Sanchez Energy"), today announced the Company's operating and financial results for the second quarter 2014, which included the following highlights: HIGHLIGHTS FOR SECOND QUARTER 2014 -- Record revenues of $151.7 million, an increase of 157% over the same period a year ago -- Adjusted EBITDA, a non-GAAP financial measure defined below, of $112.5 million, an increase of...

2014-06-23 08:23:08

CHICAGO and LONDON, June 23, 2014 /PRNewswire/ -- Dr. Richard Sandor, renowned financial innovator and entrepreneur, has just won the Energy Risk Lifetime Achievement Award. Sandor is one of 20 industry veterans to receive the honor, marking 20 years since the launch of Energy Risk magazine in 1994. The magazine selected individuals who have helped shape the evolution of the global commodity and energy markets. Mark Pengelly, Editor of Energy Risk, said: "With his pioneering work...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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