Interesting item this week on the global natural gas sector. And a warning from one major player in the space that prices could be headed much lower than many observers are expecting. The company is China National Offshore Oil Company (CNOOC). A firm that said last week it sees the liquefied natural gas (LNG) sector… Continue Reading
Things never look that bad. Until they are. Like in India’s coal sector. Where recently, many analysts have been suggesting that demand is going remain subdued–as with the global sector in general. But for anyone watching the numbers the last few years, it’s been clear major problems are coming in coal supply here. And last… Continue Reading
A lot of observers are wondering when the bottom will come for the gold market. And evidence globally is starting to suggest it could be soon. One of the main reasons is struggling production, as many of the world’s most important production centers are now being pinched by lower metals prices. News this month shows that… Continue Reading
Sentiment in the thermal coal market is nearly as poor as it gets right now. The mood has been further dampened this week by price cutting from Chinese coal producers. With sellers slashing prices in an attempt to clear out inventory. That’s led to an almost complete loss of appetite for imports into China. With… Continue Reading
Two potentially big stories for gold are unfolding right now. In disparate parts of the globe. First in terms of gold supply. In the world’s fifth-largest bullion producer: Peru. Reports late last week from the Peruvian government show another notable decline in monthly gold output. With production for May falling 24.6% compared to the year-ago… Continue Reading
Or at least, so it appears. Potentially bringing to a close one of the most dramatic sagas recently in global resource markets. The company is Freeport-McMoRan. And the problems are in Indonesia–where the firm has been fighting a government ban on the export of copper concentrate. Indonesian officials had officially outlawed shipments of non-unpgraded copper… Continue Reading
