New Asia Gold Corp. announce that there is likely to be additional shallow gold reserves at two locations on the Kapur Project. These locations have not as yet had extensive drilling completed but have had some drilling completed that shows the presence of gold. In addition to the shallow gold reserves, examination of the existing [...]

As the most influential company in Brazil, which obviously the biggest in the country since it is state owed company. The company is called Petrloeo Brasileiro or well-known as Petrobras. Currently the union is to vote on Petrobras proposal. Striking platform workers will vote Friday whether to accept the latest proposal from Brazilian state-run energy [...]

Shares of several U.S. aluminum producers moved higher Friday as low inventories and tight supply raised prospects for continued price hikes.
Barclays Capital said in a research report that demand growth for aluminum, though slower this year than last, has remained robust.
Also, consumer inventories of aluminum are at relatively low levels in both the U.S. and [...]

The Organization of Petroleum Exporting Countries boosted crude-oil output in May, according to a survey by Dow Jones Newswires.
The survey estimates daily production by the group’s 13 members in May rose 432,000 barrels a day, from the previous month to 32.39 million barrels a day.
May’s production increase came mostly from OPEC’s top producer, Saudi Arabia, [...]

Russia’s OAO Gazprom and OAO Lukoil say they discovered a sizable oil and gas field in the Caspian Sea — but just how big, they are not sure.
Dow Jones Newswires quotes an official as saying it could hold up to 730 million barrels of oil.
Gazprom and Lukoil signed a deal in 2003 to develop a [...]

Zijin Mining Group Co. Ltd. has completed its initial feasibility study on a gold-copper mine in Benguet province owned by Far Southeast Gold Resources Inc. (FSGRI).
China’s second largest gold miner is in the process of negotiating a final agreement, it said in a disclosure filed with the Shanghai Stock Exchange.
Listed local miner Lepanto Consolidated Mining [...]

Wall Street tumbled Tuesday after oil prices spiked to a new record above $129 a barrel and a government report raised investors’ concerns about the impact of inflation on consumer spending. The Dow Jones industrials fell nearly 200 points.
Crude jumped after OPEC’s president was quoted as saying his organization won’t raise its output before its [...]

Crude futures rolled past $115 a barrel, hitting a new record on concerns about how much gas will be available during the peak summer months. The weekly inventories report from the Energy Department’s Energy Information Administration (EIA) showed a much bigger decline in gasoline supplies than forecast by analysts surveyed by Dow Jones Newswires.
The report [...]

Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It [...]

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]