One of the world’s longest-running political dynasties is on the brink of losing power, threatening to make life tougher for companies toiling in Canada’s oil patch.
Gold posted its biggest gain since January as bets on the outlook for U.S. interest rates drove increased volatility for the metal. Silver climbed the most this year.
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.
China’s recent scrapping of small coal plants will avoid the release of as much as 11.4 million metric tons annually of climate-warming carbon dioxide, helping the country cut emissions for the first time in more than a decade.
Coal miners in South Africa who worked at a unit of Sasol and contracted lung diseases filed a suit seeking damages from the company, according to their lawyer.
The collapse in the market for Canada’s heavy crude below $30 a barrel last week is hammering home a harsh reality for the nation’s oil-sands producers: There’s no one to save them this time.
Freddy Bonjour, covered in yellow dust from head to toe, stands exhausted after a day using his bare hands and a shovel to dig for gold in eastern Central African Republic.
Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group over developing one of the world’s largest copper and gold mines kept foreign investors away.
Gold will extend losses this year as U.S. interest rates increase, providing an opportunity for investors to buy the metal to benefit from a rebound spurred by Asian demand, according to Barclays Plc.