Kaiser Aluminum Corp. will add surcharges to all new orders of fabricated aluminum products starting Tuesday to offset rising costs for natural gas, electricity and diesel fuel.
The company said commodity prices for natural gas and diesel fuel was about 60 percent higher in May compared with the average 2007 price.
Soaring oil prices helped ensure energy stocks remained the best-performing companies in the Standard & Poor’ 500 index in the second quarter and the first half of the year.
Through Friday, energy shares as a group shot up 14.9 percent for the quarter, and are up 6.3 percent for the year to date — one of [...]
As oil set a new record, top industry executives and a senior European government official urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that costly crude is here to stay for years.
The comments to the World Petroleum Congress In Madrid, Spain, by the EU Energy Commissioner and the [...]
Oil prices surged past $143 a barrel for the first time and then fell back as a rising dollar prompted some investors to sell.
Crude gave back its gains after the Chicago Purchasing Managers’ Index of Midwest Manufacturing beat estimates and the dollar strengthened against the euro.
Light, sweet crude for August delivery fell 21 cents to [...]
Conquest Mining announced that diamond drillhole HC08RCD391, located at the northern edge of the Silver Hill deposit, has intersected a 20m zone assaying at 8.49 g/t Au, 94 g/t Ag, and 2.3% Cu, substantially increasing the depth extent of high grade mineralisation. The zone is equivalent to 15 g/t Au at current prices, and included [...]
On Capitol Hill, the House approved financial help for mass transit systems facing a surge in riders because of high gas prices. But Republicans blocked Democrats from requiring oil and gas companies to drill on the millions of acres of government land and water on which they already own federal leases.
The House authorized $1.7 billion [...]
Shares of petroleum refiners hit new 52-week lows as the price of crude oil surged.
Valero Energy Corp., Tesoro Corp., Sunoco Inc., Holly Corp. and Frontier Oil Corp. all hit new lows in morning trading before regaining some ground.
Refiners’ margins have been squeezed by rising crude prices and falling demand for refined products such as gasoline [...]
Oil futures climbed to a new record near $143 a barrel as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude’s stratospheric rise, will extend its decline and add to oil’s appeal.
Retail gas prices inched lower overnight, but are likely to resume their own trek into [...]
Tri-Valley Corporation has exceeded 2,000 barrels of oil equivalent per day (BOED) rate with total field production recorded at 2,058.3 BOED from its 43 active producing wells on six California properties. This surpasses the original year end 2008 Company Plan of 2,000 BOED by more than six months.
“With tested productive capacity of individual wells now [...]
Universal Stainless & Alloy Products, Inc. today announced base price increases of 5% to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities. The increase will be effective with all new orders entered on July 1, 2008. Current material and energy surcharges will remain in effect.
Chris Zimmer, Vice President of Sales [...]
