Natural gas prices have slumped well below what they were last year, and that trend will likely continue into 2010.
The New York Mercantile Exchange contract for January delivery at one point dropped to...
Crude oil dropped from a one-year high in New York on concern that the pace of economic recovery in the U.S., the world’s biggest energy-consuming nation, may falter.
Dalian Commodity Exchange, China’s largest derivatives market, may introduce energy, coking coal and live-hog futures contracts to spur trading volume.
The bourse also aims to “be more than just agricultural or energy-oriented,” President Liu Xingqiang said in an Oct. 12 interview in Dalian.
Visitors hoping to peek at Australia’s exotic marine life usually head straight for the Great Barrier Reef. But conservationists say that an equally remarkable, but lesser known, marine environment is under threat from the booming oil and gas exploration taking place among the reefs and atolls off Australia’s northwest coast.
For energy and minerals, export earnings are forecast to fall by 23 per cent to $123 billion in 2009-10, mainly a result of lower contract prices for bulk commodities, including coal and iron ore.
This updated forecast, from the Australian Bureau of Agricultural and Resource Economics (ABARE), represents a downward revision of about $1 billion from its forecast in June.
