When gold prices plunged in 2013, the key reason would be a mass liquidation from the gold being locked in exchange-traded funds, which shed an astounding 880 tonnes of the metal. ETF buying was very limited in 2014 and 2015 as investors had minimal interest in the gold sector. But it originates back in a large way to date in ...
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Oil producers from OPEC and out of doors the group are finalizing an agenda to discuss freezing output in a meeting in Qatar in mid-April, the latest move in an offer by financially stricken crude exporters to shift the dynamics of the over-supplied market. Qatar’s oil minister said that countries would meet in the nation’s capital Doha on April 17, ...
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WASHINGTON – – The former CEO of a Canadian firm that specialized in the treatment of contaminated soil was convicted Wednesday of conspiring to pay kickbacks and committing major fraud against the United States, the U.S. Department of Justice announced. John Bennett of Vancouver was charged in August 2009 and extradited towards the U.S. in November 2014 to face trial ...
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Release date: March 16, 2016 Information received since the Federal Open Market Committee met in January suggests that business activities continues to be expanding at a moderate pace regardless of the global economic and financial developments of latest months. Household spending continues to be increasing in a moderate rate, and also the housing sector has improved further; however, business fixed ...
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A recovery in oil prices this month has the market more bullish with an energy sector recovery, but for gas, that bullishness might be premature. Reserves of gas in Canada have now hit the greatest level on record with this season, surpassing levels seen during the previous peak in 2012. FirstEnergy Capital Corp., a power investment bank, asserted the gap ...
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A new estimate from the gas resource held in the Liard basin straddling the Bc, Yukon and Northwest Territories borders ought to be reason for celebration – with 219 trillion cubic feet of marketable gas, it’s one of the largest shale gas deposits obtainable in the world. In better times, such an eye-popping number would have triggered stock appreciation, pumped ...
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TORONTO — Barrick Gold is making changes to the senior management team, including two promotions. The company says Rob Krcmarov has been named executive vice-president for exploration and growth. Catherine Raw will become chief financial officer following the company’s annual meeting on April 26, replacing Shaun Usmar. Barrick said Usmar is leaving the company to guide a new mine financing ...
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The costs may be high and also the need questionable, but Ontarians agreed to purchase a lot more renewable power a week ago when Ontario’s Independent Power System Operator (IESO) announced the results of the province’s latest procurement. The new deal brings “low prices” for brand new solar and wind power generation, says Ontario Energy Minister Bob Chiarelli. No, not ...
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