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added: 23-06-2008

Saudi Arabia has done its bit to try and put a lid on world oil prices, but more unrest in Nigeria has emphasised how fragile the market really is. As expected Saudi Arabia said it would raise its oil production by 2% from next month to try and curb record prices.

Fitch: High Energy Prices Elevate Liquidity Risk for U.S. Downstream Sectors

added: 17-06-2008

The ongoing surge in energy prices could pose liquidity issues for a number of U.S. downstream sectors, with independent refiners the most exposed, according to Fitch Ratings.

Corn Dominates As US Flooding Continues

added: 16-06-2008

Corn has continued its record-breaking run as floods in the US Midwestern state of Iowa start easing, and wet weather damages the grain crops in the region.

Oil Price Spikes to $138 a Barrel Shows a Market Out of Control

added: 09-06-2008

The price of crude oil jumped $11 a barrel on Friday to $138, mostly on the ginning up of news that has nothing to do with current supply and demand, said Consumer Watchdog.

Commodities: Oil Targeted In Probe By US Regulators

added: 02-06-2008

Oil prices edged a touch higher on Friday in New York, but news of an official investigation into the way some investors are using the markets (especially so-called Index-Long funds) by American regulators has sent tremors through the huge $US50 trillion a year market.

London and New York House the World's Two Most Important Oil Futures Market

added: 27-05-2008

London and New York house the world's two most important oil futures market: the ICE in London where the Brent contract is traded, and Nymex in New York where the West Texas Intermediate contract is the star.

OECD Steel Committee Says Market Remains Strong, Despite Risks to Global Economy

added: 26-05-2008

The world steel market remains strong in spite of heightened risks to the global economy, according to industry and government officials at the OECD’s Steel Committee meeting in Paris on 22-23 May 2008.

Surging Oil Price - 130$ A Barrel

added: 23-05-2008

The great oil surge continued overnight with the New York price up another 3% or more to well over $US133 a barrel.

Export-Ban of Mercury and Mercury Compounds from the EU by 2011

added: 21-05-2008

The export of mercury and mercury compounds from the EU will be prohibited from 15 March 2011, according to a second reading compromise between representatives of the EP and the Council which was confirmed by the European Parliament. Any export from Mercury from the EU, one of the world's biggest mercury exporters, will be prohibited from 15 March 2011 - 3 months earlier than proposed by the Council; the Commission had proposed 1 October 2011.

Commodity market: Oil, Gold And Metals Up

added: 19-05-2008

The weaker US dollar and concerns about the reliability of oil supplies helped send the price to an all time high of $US127.82 on Friday, before it eased in late trading to close at $US126.29, up 1.7% or $US2.17 a barrel in New York.

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