Articles Tagged "output"

Oil Prices Climb on Supply Concerns and Bernanke Comments

Oil – Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.

Gas Prices to Increase Slowly

Gas – Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.

INCO’s Q1 Profit Reached 19,811 Metric Tonnes

Nickel – Indonesia’s nickel producer, PT International Nickel Indonesia Tbk’s (Inco) (INCO.JK) Q1 profit surged up to 19,811 metric tonnes in matte production, deliveries, and average realized price as compared to 16,220 metric tonnes in Q1 of 2009. The press release is quoted as saying: Nickel in matte production rose to 19,811 metric tonnes in the first quarter, from [...]

Aluminum Surges in Iran

Aluminum – The Islamic Republic of Iran’s aluminum produce has increased to 8 percent in the first month of the new Iranian year (started March 20, 2010).  This is compared to March 20 of 2009. The news added the information: Iran has produced 25,732 tons aluminum during the last Iranian month (March 20-April 20, 2010) showing 8 percent growth [...]

Tin Tops Trade

Tin Investing News reports tin prices soared. Due to domestic demand for domestic steel price, the price of tin plate has soared. The latest monthly EXW price of Xindzhong Steel Sheet in the East China region showed continued stocking increasing up CNY 200 per tonne around over last month. For complete story, click this link. [...]

Downward pressure on oil price

Crude Investing News reports crude price fell about 40 cents this week. Weak crude demand and rising inventories have kept prices from rising higher. Storage facilities for crude oil in the U.S. have been swelling since the end of February, bloating to a nearly 19-year high last week. The signs were clear though. U.S. fuel [...]

Nickel market suffering from oversupply

Nickel Investing News reports nickel has taken a dive to 80% since May 2007. Nickel demand for 2009 is forecasted to see a second annual decline. Global demand will reach 1.15 million tonnes this year; consumption was 1.27 million tonnes last year. Stainless-steel accounts for about two-thirds of nickel demand. Demand from the top market, the [...]

Is copper poised to take gold’s throne?

Copper Investing News reports copper not as popular as gold and silver as safe-haven investment. Copper investments were not appealing.  Copper, fundamental to the transfer of electricity for buildings, machinery, transportation and construction is often used to signal changes in economic activity; copper is a mirror of economic growth.  With the global economy in shambles, [...]

The relation between gold price and oil price

Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel. However, some experts are of the view that this is not just speculation but real purchases driving the prices up. China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. [...]