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Archive for December 5th, 2009

Obama Promises To Create Jobs, Build Stronger Economy

Saturday, December 5th, 2009

U.S. President Barack Obama, in his weekly radio address Saturday, promised to unveil new job-creation ideas next week but emphasized that he also remains focused on policies that should help prop up the economy in the long run. »

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Iraq Deputy Oil Min: May Approve Deals With Oil Firms In Dec

Saturday, December 5th, 2009

Iraq may approve by the end of December deals with international oil companies for the development of two of the country's prized oil fields, a senior Iraqi official said Saturday. »

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UPDATE:Saudi Oil Min:Inventories Are Coming Dn,Prices ‘Perfect’

Saturday, December 5th, 2009

Saudi oil minister Ali Al Naimi said Saturday global oil inventories were coming down and crude oil prices "perfect" at present levels. "The market is stable right now, volatility is at minimum, »

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Cameroon 2009 Crude Oil Output At 22.37 Mln Barrels -Official

Saturday, December 5th, 2009

Cameroon's crude oil production in 2009 totaled 22.37 million barrels, down from 25.95 million barrels produced in the previous year, a report issued Friday by the state-run National Hydrocarbons Corporation, or SNH said. »

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Algeria Oil Min:Will Be ‘Some Time’ Before OPEC Raises Output

Saturday, December 5th, 2009

Algerian Oil Minister Chakib Khelil said Saturday he doesn't expect the Organization of Petroleum Exporting Countries to raise crude oil output any time soon and stressed »

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Kuwait Oil Min: OPEC Compliance At About 60%, Target 65-70%

Saturday, December 5th, 2009

Kuwait wants OPEC members to boost compliance with quota production from about 60% now to at least 65-70%, the country's oil minister said Satuday. »

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High Cocoa, Sugar Prices Lack Fundamental Support -Analyst

Saturday, December 5th, 2009

Current high futures prices in the cocoa and sugar markets at the ICE futures exchange in New York lack fundamental support to remain this high, a veteran industry analyst said Friday. »

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USDA Unveils Draft Of New Federal Crop -Insurance Program

Saturday, December 5th, 2009

The U.S. Department of Agriculture on Friday unveiled its first draft of a retooled Federal Crop Insurance Program designed to push private insurers to spread »

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EU May Need To Buy 2 Mln-3 Mln Tons Soybean -Analyst

Saturday, December 5th, 2009

Analysts said EU soybean processors may need to buy 2 million to 3 million tonnes of soybeans on the world market before the »

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FOCUS: Gold’s Risk Play Status Disturbed, Not Dismantled

Saturday, December 5th, 2009

Stronger-than-expected U.S. jobs data on Friday jarred--but likely didn't destroy--gold's allure as a risk play. Gold has been behaving peculiarly of late. While it has »

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OPEC Likely To Keep Production Quota Steady- Arab Ministers

Saturday, December 5th, 2009

Most members of the Organization of Petroleum Exporting Countries said Friday that the cartel is likely to keep production quota unchanged when »

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UPDATE: Algerian Oil Minister: Too Much Oil In The Market

Saturday, December 5th, 2009

Algerian Oil Minister Chakib Khelil said Friday "there is too much oil" in the market and the Organization of Petroleum Exporting Countries should »

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WORLD FOREX: Dlr Crushes Rivals After Promising US Jobs Data

Saturday, December 5th, 2009

The dollar scored one of its best days of the year Friday, soaring across the board as an encouraging U.S. jobs report prompted some expectations that »

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CFTC ICE: Managed Money Cut Net Long Crude Position

Saturday, December 5th, 2009

Managed money reduced its long crude-oil position on the ICE Futures Europe Exchange in the wee ended Dec. 1, according to data released Friday by the Commodity Futures Trading Commission. »

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GRAIN HIGHLIGHTS: Top Stories Of The Day

Saturday, December 5th, 2009

DuPont Co. (DD) pushed back its timelines for the North American release of its Optimum GAT corn and soybean seeds, which have a special herbicide tolerance and »

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CBOT Soy Review: Lower, Succumbs To Bearish Outside Influences

Saturday, December 5th, 2009

Soybean futures at the Chicago Board of Trade ended lower Friday, succumbing to bearish outside market influences. CBOT January soybeans ended 4 cents »

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CBOT Rice Review: Ends Up Slightly, Hit New Contract High

Saturday, December 5th, 2009

Chicago Board of Trade rice futures settled slightly higher Friday and hit a fresh contract high, despite bearish signals from the U.S. dollar and other »

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