Striker Oil & Gas, Inc. (OTCBB:SOIS) continues to build upon the investments made in 2007 for acquiring and developing new properties. We have experienced an increase in oil and gas production and reserves year to year from 2007 to 2008. We continue to implement our drilling program during 2008 as we continue our strategy to [...]

Shares of ethanol producers dropped after a Citi Investment Research analyst said some small to mid-size companies might have to shut down soon after severe flooding in the Midwest boosted corn prices.
Analyst David Driscoll said the floods caused “irreparable damage to this year’s crop” and pushed prices up, harming ethanol margins.
“As a result of [...]

The International Energy Agency said it hopes talks in Saudi Arabia later this month between oil producing and consuming nations will “convey clear messages that oil supply is going to keep pace with demand growth in the coming years.”
“We would welcome an opportunity to act collectively to reassure the market about future demand and [...]

The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 80 billion cubic feet to nearly 1.89 trillion cubic feet for the week ending June 6.
The inventory level was slightly below the five-year average of about 1.91 trillion [...]

Oil prices rebounded sharply from a dip below $132 a barrel, ending higher Thursday in another volatile session fueled by a rising dollar and concerns about supplies. Gas prices reached new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep climbing.
Light, sweet crude for July [...]

Silver Dragon Resources Inc. announced today that the Company has duly paid the state compensation tax (royalty) for the privatization of the Erbahuo silver mine pursuant to applicable Chinese laws. The payment of RMB 4,468,600 (approx. US$650,000) was made to the local provincial department of China’s Ministry of Land and Resources, the agency responsible for [...]

Oil prices took off again, soaring as crude’s biggest drivers — a weak dollar and supply concerns — brought buyers back in force. At the pump, gas prices rose to a new record over $4.05 a gallon.
Light, sweet crude rose $5.07 to settle at $136.38 a barrel on the New York Mercantile Exchange after earlier [...]

The European Commission says oil prices are bound to stay high and cautioned European Union governments against giving short-term handouts to fishermen, farmers, truckers and others suffering from high fuel costs.
The Commission is drafting a report on the issue for next week’s spring meeting in Brussels of the 27 EU leaders.
Against a backdrop of protests [...]

Several airlines raised fuel surcharges again, trying to offset the relentless upward march of crude oil prices.
American Airlines added $20 per roundtrip on many routes. Virgin America tagged an extra $25 onto its long-haul fares.
In Europe, Air France-KLM added surcharges of up to $31, and Germany’s Lufthansa raised its fuel charge by almost $16 on [...]

Major fluctuations in commodity prices of iron ore gradually have given way to more stable, but slight gains, according to China’s Ministry of Commerce (MOC).
The average price on the domestic market reached 1,530 yuan ($218) per tonne by the end of May, up 2 percent from the beginning of the month.
The MOC estimated the price [...]