Canadian natural gas and oil producer Compton Petroleum Corp. will sell four energy-producing properties for a total of $218 million.
The Calgary-based company did not name the buyers for the sites, which produce the combined equivalent of 3,700 barrels of oil per day. More than half of the production — 14.3 million cubic feet a day [...]

Some lawmakers on Capitol Hill say investors have a role in rising oil prices, pointing out that speculation in crude futures has nearly doubled since 2000.
Pension funds, Wall Street banks and other large investors that have no intention of taking delivery of fuel have increasingly pumped money into contracts for oil and other commodities as [...]

Capital Mining announced processing of three large gravel samples from the Shiralee alluvial gold prospect, one of several such prospects within Exploration Licence 5654 (Craigie Project), has been successfully. The Directors announced that encouraging gold grades of up to 1615 milligrams per bank cubic metre have been recorded from pit 08CRT2. Two parcels of material [...]

In its monthly market report, the Organization of Petroleum Exporting Countries said oil’s recent volatility — the price for a barrel has swung back and forth in a $10 range over the past week alone — “reconfirms the view that current price levels do not reflect supply and demand realities.”
Looking ahead to the second [...]

Jaguar Financial Inc. together with a large international mining company (collectively the “Joint Venture”) have announced their ownership of 17,882,000 common shares of Constellation Copper Inc. (”Constellation”), representing approximately 9.9% of the issued and outstanding common shares of Constellation.
The following information concerning Constellation is based on its publicly held information. Constellation owns the Lisbon Valley [...]

AUSTRALIAN iron ore producers, arguing for a freight premium to be included in this year’s contract prices with reluctant Chinese steelmakers, are expected to shrug off the emergence of a new iron ore exchange market created by Deutsche Bank and Credit Suisse.
The exchange gives smaller Chinese steel producers a chance to hedge their costs in [...]

Oil prices shot up more than $10 to a new record above $139 after a major investment bank predicted a spike to $150 in the coming weeks and rising tensions in the Middle East left investors uneasy about supply.
The meteoric surge built on a price jump Thursday and capped oil’s biggest two-day gain in the [...]

Oil prices rose back above $128 a barrel after the dollar fell in response to comments by European Central Bank President Jean-Claude Trichet suggesting the bank could raise interest rates. At the pump, meanwhile, gas prices rose to a new record near $3.99, and are likely to hit $4 soon.
Light, sweet crude for July delivery [...]

Shares of China’s Yanzhou Coal Mining Co. trading in the U.S. helped pull an index of emerging markets ADRs down in Wednesday afternoon trading.
The company’s ADRs fell $11, or 10.3 percent, to $97.71. ADR stands for American Depositary Receipt, which is a security designed to allow U.S. investors to trade shares of companies based overseas.
The [...]

This is a 70 per cent jump on the sector’s current employment levels.
The council is forecasting 6 per cent annual employment growth for the sector – double the Federal Government’s forecast of 3 per cent yearly growth.
The greatest demand will be for skilled trades, with the Minerals Council expecting another 31,000 skilled workers will be [...]