Refining stocks rose as investors took a fresh look at the sector after a Deutsche Bank analyst raised his rating on Holly Corp. and Tesoro Corp.
Analyst Paul Sankey hiked his ratings on Holly and Tesoro to “Hold” from “Sell.” He upgraded the stocks because they were relatively cheap, not because of any major change by [...]

Shares of oil refiners fell, as concern grew among analysts and investors that high gasoline pump prices are putting a big crimp in fuel demand.
In a note to investors, Lehman Brothers analyst Paul Cheng cited fresh data from the Department of Energy and the Federal Highway Administration as further evidence to support his bearish view [...]

XTO Energy is acquiring oil producing properties and undeveloped land from Headington Oil for $1.85 billion in cash and stock.
XTO Energy Inc. will buy 352,000 acres of Bakken Shale land in Montana and North Dakota. XTO estimates there are 68 million barrels of oil equivalent in proved reserves on the land. The acquisition will increase [...]

Continental Resources, Inc. announced initial results from its Bice 1-29H well completed in the Three Forks/Sanish formation in the North Dakota Bakken Shale area. The Dunn County well, in which Continental has a 41% working interest, is the Company’s first well to be completed in the Three Forks/Sanish formation. Previous wells drilled by the Company [...]

XTO Energy says it is acquiring oil producing properties and undeveloped land from Headington Oil for $1.85 billion in cash and stock.
XTO Energy Inc. said Wednesday it will buy 352,000 acres of Bakken Shale land in Montana and North Dakota from privately held Headington Oil Co. XTO estimates there are 68 million barrels of oil [...]

China is finding it harder than expected to clear out iron ore stocks that are overwhelming its ports, a senior official said on Wednesday, as stocks creep up past 80 million tonnes.
Severe congestion at northern Chinese ports is contributing to a rise in freight rates, which hit all-time highs last week.
That in turn has weakened [...]

Mantle Mining Corporation advised that an upgraded resource estimate has recently been completed for the Granite Castle Project by Dr William Yeo MAusIMM. A summary of the underlying data and the methodology used for the resource estimates is appended to this announcement. Resource estimates of both gold and silver, from the 690m RL to the [...]

Silver Falcon Mining, Inc. today released the results of the first trip this year to the summit of War Eagle Mountain.
A cursory examination of the War Eagle tailings dump resulted in an upward revaluation of the quantity of ore held in that particular dump and samples taken at random showed definite signs of gold mineralization. [...]

Mengold Resources Inc. has finalized a Joint Venture Agreement with X-Ore Resources Inc. for the Greenwater Ni-PGE Property (Greenwater). Since the first announcement of this joint venture on March 3, 2008 (see news release NR-08-07), the partners have staked additional claims increasing the size of the property to 9,088 hectares (22,456 acres). This Property, located [...]

On 19 May 2008, ArcelorMittal completed the pricing of a US$ denominated issue of 5 year and 10 year notes, consisting of US$3,000,000,000 aggregate principal amount split equally between the 5 year and the 10 year issue. The notes will bear interest at a rate of 5.375% for the 5 year and 6.125% for the [...]