NYMEX to Launch Domestic Hot Rolled Coil Steel Futures Contract

The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil in the U.S. Midwest region (U.S. Midwest domestic hot-rolled coil steel) early in the fourth quarter of 2008. The contract will be financially settled against an index developed by CRU Indices Ltd., a subsidiary... 

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EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 10-14, 2008

EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum offers institutional investors,... 

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Oil prices steady in Asia after rising to record over $114

Oil prices steadied Wednesday above $113 a barrel after setting a record on growing concerns about insufficient global supply. ADVERTISEMENT Oil surged to an all-time high of $114.08 a barrel Tuesday after a high-profile report by the International Energy Agency said Russian oil production dropped this year for the first time in a decade. Analysts said growing investor demand for commodities ””... 

Asia grappling with rising inflation, weaker exports as oil soars and dollar plunges

Asia faces the threat of higher inflation, slower growth and tougher times for exporters after oil prices hit new highs and the dollar plunged last week. Farmers, miners and oil companies could benefit from high commodity prices. But most of Asia is dependent on imported energy and raw materials, and even some oil-exporting countries such as Malaysia have other industries that could suffer. “We... 

Oil slips as U.S. reports a bigger supply of natural gas

Crude oil fell below $57 a barrel Thursday for the first time in more than two weeks after an Energy Department report showed increases in U.S. inventories of natural gas, a competing fuel. Natural gas supplies rose five billion cubic feet, or 141 million cubic meters, to 3.45 trillion cubic feet last week, the report showed. A gain of six billion cubic feet was expected, according to the median of... 

Brazil Ethanol Sales May Drop As US Begins Exports

Brazil’s 2007-08 ethanol exports could slip to 2.5 billion liters, down about 20% from an estimated 3.1 billion liters this season, as the U.S. begins to sell ethanol abroad next year due to excess stocks, the president of sugar consultancy Datagro said Friday. This year, the U.S. has been Brazil’s principal buyer of ethanol, in large part because of its phase-out in May of a gasoline additive,... 

Canadian Stocks Drop on Oil Inventory Data; Energy Shares Slide

Canadian stocks fell for a second day after a report showing an unexpected increase in U.S. oil supplies reinforced concern that profits at energy companies including Talisman Energy Inc. will slow. “We keep seeing reports that the world seems to be awash in excess crude oil floating around,” said Fred Ketchen, director of equity trading at Scotia McLeod Inc. in Toronto. “The Canadian... 

EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 13 – 17, 2006

EnerCom, Inc. announced today the lineup for The Eleventh Oil & Gas Conference(TM), www.theoilandgasconference.com. The Conference, held in Denver Aug. 13-17, 2006, is the largest energy investment conference hosted in Denver, showcasing more than 90 companies with a combined enterprise value of more than $300 billion. This premier forum offers institutional investors, energy research analysts,... 

EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 13 – 17, 2006

EnerCom, Inc. announced today the lineup for The Eleventh Oil & Gas Conference(TM), www.theoilandgasconference.com. The Conference, held in Denver Aug. 13-17, 2006, is the largest energy investment conference hosted in Denver, showcasing more than 90 companies with a combined enterprise value of more than $300 billion. This premier forum offers institutional investors, energy research analysts,... 

Oil surge as Americans hit the road

World oil prices climbed towards $US74 a barrel because of jitters over petrol supplies on the eve of a holiday weekend in the United States. New York’s main contract, light sweet crude for delivery in August, climbed US41c to close at $US73.93 per barrel on Friday. The contract earlier hit $US74.15 – the highest point since May 3. In London on Friday, Brent North Sea crude for August delivery...