A couple of prominent shale producers said that oil at around $30 might be enough to revive shale activity. Diamondback Energy Inc is going to curtail production by 10% to 15% this month. Parsley Energy
Copper giant, Peru Copper Inc. will slowly ease restrictions on key industries including mining and construction in May, according to the decree of the Government of Peru on Sunday. Production activity had been practically paralyzed
According to Richard Hayes, the CEO of Perth Mint, the gold outlook is upside since the world is facing a possible second wave of the Coronavirus outbreak. The gradual easing of all the restrictions and
The negative price of crude oil in Cushing, Oklahoma, was caused by an apparent widespread forecasting error. Financial investors in crude oil futures did not predict the quarantine nor its consequence. They had no idea
Weaker dollar overshadowed optimism, and gold prices climbed higher on Wednesday. Meanwhile, investors awaited the Federal Reserve’s decision later in the day. Spot gold climbed 0.1 % to $1,709.83 per ounce. US gold futures gained
Dmitry Peskov, a spokesman for the President of Russia’s office, said that Russia could tolerate meager oil prices. The country has an excellent ability to maintain itself for a period of declining oil prices. However,
Gold prices saw some gains in early US trading Monday. The yellow metal still has a firmly bullish technical posture. June futures for gold Crude oil prices dropped sharply. Gold prices may have seen some
Strategists say that if the collapse in oil prices this week was bad, it could be fundamentally worse next month. In fact, prices could fall as low as -$100 per barrel. Paul Sankey, the managing
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