In this week’s petroleum and oil weekly update by the Energy Information Administration, there is an analysis of the recent updated WTI and Brent oil outlook. The total U.S oil and petroleum stockpiles changed direction and rose. The stockpiles increased…
According to the recent July report by the IEA – International Energy Agency on the recent developments in the global crude oil market as of May/June 2012, the global oil supplies remained high in June; the non-OPEC supply also remain robust. OECD…
Gold and silver prices changed direction again and declined on Tuesday after they had risen on Monday. The recent news of China’s decline in trade growth during June (as both imports and exports growth fell in June compared with May’s…
It seems that Barrick Gold Corporation (NYSE: ABX) just can’t catch a break. The company lost in a couple of trails in South America; one trail referred to the company’s attempt to block Goldcorp Inc.’s 2010 from purchasing a majority…
The recent economic slowdown in many leading economies including U.S, China and Euro Area has adversely affected many stocks. During the year (UTD) the S&P500 index rose by only 5.9%. This economic slowdown has also adversely affected the potential growth…
Major commodities changed direction again and after they had increased on Monday, major commodities prices declined on Tuesday. The recent news of the end of the energy strike in Norway, one of the top oil producers in Europe, may have…