Commodities News Update

Europe Markets: European markets fall as mining stocks pressure (at MarketWatch)
11 Mar 2010 at 3:02am
European shares edge lower on Thursday, with losses for metal and mining firms pulling shares off almost three-month highs.

BP in talks to buy Devon assets for $6bn (at Financial Times)
11 Mar 2010 at 1:30am
BP is set to enter the deep waters off the coast of Brazil, one of the world s most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets from Devon Energy.

Asia Markets: Indian sugar stocks turn bitter on rise in output (at MarketWatch)
10 Mar 2010 at 11:28pm
A swift, painful correction in Indian sugar stocks over the last few weeks may still have some way to go, as the freefall in sugar prices continues amid an increase in global production.

European markets fall as mining stocks pressure (at MarketWatch)
10 Mar 2010 at 8:02pm
European shares edge lower on Thursday, with losses for metal and mining firms pulling shares off almost three-month highs.

CERAWEEK-U.S. oil industry braces for carbon rules (at Reuters)
10 Mar 2010 at 7:10pm
* Pressure rises for oil industry to weigh CO2 emissions * Chevron, ConocoPhillips factor CO2 into planning By Bruce Nichols

Indian sugar stocks turn bitter on rise in output (at MarketWatch)
10 Mar 2010 at 4:28pm
A swift, painful correction in Indian sugar stocks over the last few weeks may still have some way to go, as the freefall in sugar prices continues amid an increase in global production.

NYMEX-Crude ends up in late surge, products support (at Reuters)
10 Mar 2010 at 3:00pm

Futures Movers: Crude oil ends up after supplies, China data (at MarketWatch)
10 Mar 2010 at 2:36pm
Crude-oil futures rise to finish above $82 a barrel, lifted by better-than-expected U.S. supplies data, a strong economic report from China and forecasts of higher global demand.

Crude oil ends 60 cents higher after supplies data (at MarketWatch)
10 Mar 2010 at 1:59pm
Crude oil futures rose to finish above $82 a barrel on Wednesday, lifted by better-than-expected U.S. supplies data, a strong economic report from China and forecasts of higher global demand.

METALS-Copper prices dip, but China props up metal (at Reuters)
10 Mar 2010 at 1:37pm

Cuba s sugar industry hit by low productivity (AP)
10 Mar 2010 at 12:58pm
Production at Cuba s sugar plants has been hit hard this year by inefficiency, a spate of breakdowns and other technical problems, state-media reported Wednesday, adding to sobering news for the Communist-run island s crisis-addled economy.

Futures Movers: Oil futures lower after failing to breach highs (at MarketWatch)
10 Mar 2010 at 12:21pm
Crude-oil futures lose ground as a continued weak picture for U.S. demand weighs.

Oil turns lower after failing to breach 2010 highs (at MarketWatch)
10 Mar 2010 at 11:33am
Crude oil futures turned lower on Wednesday, after a move towards crude s highest level of 2010 failed to hold in light of a continued weak picture for U.S. demand. Crude oil for April delivery was last down 32 cents, or 0.4%, at $81.17 a barrel in electronic trade.

Futures Movers: Oil futures jump on supplies data, OPEC forecast (at MarketWa...
10 Mar 2010 at 10:36am
Investors cheer news of a smaller-than-expected increase in U.S. crude supplies and a big drop in gasoline supplies.

Futures Movers: Oil retreats after OPEC lifts demand views (at MarketWatch)
10 Mar 2010 at 9:29am
Crude futures surrender earlier gains inspired by a boost in OPEC s forecast for global oil demand aas well as strong trade data reported by China.

Crude oil turns lower ahead of supplies data (at MarketWatch)
10 Mar 2010 at 8:58am
Crude oil futures turned lower on Wednesday, with traders adopting a cautious tone ahead of the release of weekly U.S. petroleum supplies data. Crude oil for April delivery was last down 6 cents at $81.43 a barrel in electronic trade, losing earlier gains that saw the contract trade as high as $81.95 a barrel.

OPEC raises 2010 oil demand forecast (AP)
10 Mar 2010 at 8:50am
World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month s forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the United States.

Metals Stocks: Gold, metals get lift from Chinese data (at MarketWatch)
10 Mar 2010 at 8:31am
With copper the early exception, metals futures make mid-week gains, rising as strong trade data reported by China serve to lift demand expectations.

Coal companies seek higher permit fees in Kentucky (AP)
10 Mar 2010 at 7:30am
Coal companies have taken an unusual stand in Kentucky by urging lawmakers to pass legislation that would increase the fees they pay to apply for mining permits.

Futures Movers: Oil gains on Chinese data, OPEC forecast revision (at MarketW...
10 Mar 2010 at 6:43am
Crude futures gain, getting a boost after OPEC raised its forecast for global oil demand and China reported strong trade data.

OPEC raises world oil demand forecast for 2010 (at MarketWatch)
10 Mar 2010 at 6:12am
The Organization of the Petroleum Exporting Countries said Wednesday it raised its forecast for global oil demand this year. In its monthly oil report, OPEC said it now expects world oil demand to grow by 900,000 barrels a day in 2010.

Royal Dutch Shell stops gasoline sales to Iran-trade (at Reuters)
10 Mar 2010 at 6:09am
* Shell halts gasoline supplies to Iran, trade sources say * Shell sold 1.65 mln bbls of gasoline bet Apr-Oct in 2009

Futures Movers: Oil futures edge higher on Chinese economic data (at MarketWa...
10 Mar 2010 at 6:00am
Oil futures rise on strong economic data from China, and as investors await a report on U.S. petroleum inventories.

Indian harvest hopes sink sugar prices (at Financial Times)
10 Mar 2010 at 5:50am
Sugar prices tumbled on Wednesday, extending the slide to a second session following reports on Tuesday suggesting a better-than-expected outlook for India s production this season.

Oil gains on Chinese data, OPEC forecast revision (at MarketWatch)
10 Mar 2010 at 1:05am
Crude futures gain, getting a boost after OPEC raised its forecast for global oil demand and China reported strong trade data.