If It's Tuesday ...
Mexico's on-again, off-again oil production is on again ...
Oil Falls as Mexico Resumes Pumping; US Stockpiles May Rise Petroleos Mexicanos will today pump 600,000 barrels a day of output that was halted two days ago by storms in the Gulf of Mexico, spokesman Carlos Rameriez said.
Australia's Wheat Harvest Forecast Slashed 22 Percent as Drought Hits Crop Australia cut its wheat harvest forecast for the third time as the nation's worst drought damaged crops, adding pressure to shrinking world supplies that drove up prices to a record last month.
Gold Falls in London on Speculation Rally Was Overdone; Silver Also Drops Gold fell in London on speculation a three-week rally to within 0.7 percent of $800 an ounce didn't reflect expectations that mining companies are expanding production. Silver also dropped.
Qatar Says Natural Gas Is `Very, Very Undervalued' Compared With Crude Oil Qatar, the world's largest shipper of natural gas, said natural gas is ``very, very undervalued'' compared with oil.
Oil Falls as Mexico Resumes Pumping; US Stockpiles May Rise Petroleos Mexicanos will today pump 600,000 barrels a day of output that was halted two days ago by storms in the Gulf of Mexico, spokesman Carlos Rameriez said.
Australia's Wheat Harvest Forecast Slashed 22 Percent as Drought Hits Crop Australia cut its wheat harvest forecast for the third time as the nation's worst drought damaged crops, adding pressure to shrinking world supplies that drove up prices to a record last month.
Gold Falls in London on Speculation Rally Was Overdone; Silver Also Drops Gold fell in London on speculation a three-week rally to within 0.7 percent of $800 an ounce didn't reflect expectations that mining companies are expanding production. Silver also dropped.
Qatar Says Natural Gas Is `Very, Very Undervalued' Compared With Crude Oil Qatar, the world's largest shipper of natural gas, said natural gas is ``very, very undervalued'' compared with oil.
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 7:25 AM
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