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VIENNA — Saudi Arabia said on Saturday that it was substantially increasing oil production in an effort to cool down rising prices and head off potential future shortages. Khalid al-Falih, the Saudi energy minister, told journalists at the headquarters ... ... lees verder

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Flush with cash and armed with a knack for spotting mines producing below their potential, SSR Mining Inc. is on the hunt for more assets. “We want to continue to grow, no question,” John DeCooman, vice president of strategy and business development ... ... lees verder

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VIENNA (Reuters) - Iran said on Saturday the world will see little extra oil reaching the market if OPEC and its partners adhere properly to a supply pact, underlining a disagreement with top exporter Saudi Arabia. OPEC and a group of non-OPEC countries ... ... lees verder

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Gold markets continue to drift lower during the week, reaching down towards the $1260 level, before bouncing significantly towards the end of the week. The uptrend line that I have on the chart shows that we have broken down rather drastically, and of ... ... lees verder

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Gold futures edged higher on Friday, registered a decline for the week as investors focused on expectations for higher interest rates ahead, a headwind for metals, and the U.S. dollar, which has strengthened over the past month. August gold GCQ8, +0.09% ... ... lees verder

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Russia's President Vladimir Putin visits a refinery of Russian oil giant Rosneft in the Black Sea port of Tuapse in southern Russia. VIENNA—Russia on Saturday threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of ... ... lees verder

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VIENNA (Reuters) - OPEC meets Russia and other allies on Saturday to clinch a new deal raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. The Organization of the ... ... lees verder

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With very few exceptions, gold stocks have tended to lag behind the returns of the S&P 500 in most historical periods. That's because mining is simple, but not easy. Companies have to process thousands of tons of earth to get a few thousand ounces of the ... ... lees verder