Commodities

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Latest News in Commodities

Dutch fund charged over oil price abuse
24 Jul 2008 at 4:58pm
Laying out their case with e-mails and telephone recordings, US regulators filed charges against Optiver Holding for allegedly manipulating energy futures prices

Natural gas fall unsettles oil
24 Jul 2008 at 2:54pm
A sharp fall in US natural gas prices interrupted a recovery for oil prices while gold consolidated after falling in the previous session

Fertilizer sales help Bunge reap benefits
24 Jul 2008 at 12:21pm
Profits at Bunge, the world’s biggest oilseed processor, more than quadrupled in the second quarter, underlining how the boom in crop prices has lifted the US agribusiness sector well beyond Wall Street’s expectation

HK launches its first gold ETF
24 Jul 2008 at 8:25am
Hong Kong’s first exchange-traded fund to track the price of gold has been launched to take advantage of interest in the precious metal as its price remains close to record highs and investors in Asia look for ways to hedge against inflation

Fuelling a bubble?
24 Jul 2008 at 3:27am
Commodities prices have defied predictions of sustained, long-term growth. Will a potential global recession curb the demand for raw materials and thus drive commodities prices further down? Will we now see a shift in investment patterns? Chris Green, senior economist at VTB Europe answers readers questions on Monday, July 28

Crude and food falls help lift equities
23 Jul 2008 at 2:36pm
Oil prices continued to fall, dropping below $125 for the first time in six weeks and fuelling declines in other commodities that hit record highs earlier in the month such as corn and soyabeans

Debate over energy speculation rages
23 Jul 2008 at 4:28am
Speculators do not hold responsiblilty for the recent rise in oil prices to a record near $150 a barrel, according to the US government which instead blamed “fundamental supply and demand factors

BHP on course for sixth year of growth
23 Jul 2008 at 12:20am
The world’s largest mining group, which is seeking regulatory approval for a hostile �$170bn bid for rival Rio Tinto, reported bumper production results from its petroleum, iron ore, manganese and copper operations

The Short View: Oil and US banks
23 Jul 2008 at 10:48am
John Authers says that the ‘long oil/short US banks’ strategy has broken down since Bastille Day on July 14

Oil trading company files for bankruptcy
22 Jul 2008 at 5:17pm
SemGroup, the US physical oil trader, filed for bankruptcy as it acknowledged trading losses of more than $3.2bn in different energy markets after betting this year that crude oil prices would fall

Brazilian ethanol plants to get $260m loan
22 Jul 2008 at 2:16pm
The Inter-American Development Bank, Latin America’s biggest development institution, is prepared to defy growing environmental concern about biofuels by lending money to a $1bn-plus Brazilian ethanol project

Oil tumbles below $127 a barrel
22 Jul 2008 at 10:28am
Oil prices resumed their retreat as Monday’s rebound proved only a temporary reprieve from last week’s sharp correction.

CME confident of Nymex win
22 Jul 2008 at 10:02am
CME Group is confident it has won over enough Nymex members to secure approval of its proposed takeover of the New York energy exchange

CME advances in spite of slower trading growth
22 Jul 2008 at 5:43am
CME Group, owner of the world’s largest derivatives exchange, announced profits for the second quarter of the year that exceeded expectations, even as growth in trading volumes has slowed as the credit crisis prompts continued deleveraging

Strong start for Johnson Matthey
22 Jul 2008 at 12:37am
The world’s leading marketer of platinum group metals, best known for supplying catalysts to control vehicle emissions, said sales in the three months to the end of June were 33% ahead