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Oil

Gold Reserve sues Rusoro Mining in Delaware over Citgo auction dispute

Toronto-listed miner Gold Reserve (GRZ.V) filed a lawsuit against Rusoro Mining (RML.V), alleging the company violated its contract under a consortium agreement in a

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Oil

Lukoil’s force majeure approved as sanctions trigger Iraq payment freeze

Western sanctions targeting Russian oil major Lukoil have forced the company to declare force majeure at the massive West Qurna-2 oilfield in Iraq.

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Oil

Analysis: oil prices likely to remain under pressure as supply outpaces weakening demand

The oversupply in the oil market is likely to result in lower prices for the rest of the year.  “The Brent oil price

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Oil

Commodity wrap: gold jumps as weak US data fuels bets on Fed rate cut; oil rises

Oil prices rose slightly on Tuesday as concerns over the latest US sanctions on Russian supply raised fears among investors.  Meanwhile, gold prices

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Oil

Why gasoil prices are soaring despite cheaper crude oil

While most energy prices have fallen since the start of the year, gasoil is proving to be a surprising exception.  Despite Brent crude

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Oil

Commodity wrap: gold, base metals climb on US shutdown optimism; oil slumps

Gold held steady as investors awaited the US House vote on a government reopening deal, which could clarify economic data and the Federal

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Oil

Lukoil takeover hits major roadblock as Bulgarian president vetoes key law

The government’s push to potentially seize and sell Lukoil’s Burgas oil refinery to shield it from US sanctions hit a major roadblock Wednesday

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Oil

Commodity wrap: silver leads commodity rally with record highs as gold, oil climb

Gold and crude oil rose on Thursday even as silver prices outshined all non-agricultural commodities with its impressive rally so far this month. 

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Oil

Spare capacity shields Russian oil refineries from Ukraine’s drone offensive

Despite facing Ukraine’s most significant drone attacks so far, Russia’s oil processing has only declined by a mere 3% this year.  Russian refineries

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Oil

Judge denies Venezuela and Gold Reserve motions in Citgo auction dispute

A US judge has rejected motions filed by Venezuela and Canadian miner Gold Reserve to disqualify himself, a court-appointed officer, and two advising

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