News

August 20, 2008

OilResources.com Goes Live: Commodity Watch Launches A Dedicated Website To Cover The World’s Smaller Oil & Gas Companies

By Alastair Ford

Another Commodity Watch PLC production hits cyberspace! Oilresources.com went live on Tuesday 19th August, after a gradual buildup of content on our alternative power website, Poweralternatives. The new website aims to provide a platform for the world’s junior oil companies to tell their stories, as well as informative and incisive news and comment about the state of the oil and gas industry in general. Oilresources.com completes Commodity Watch’s coverage of the entire commodities space, joining Agriprods.com, Poweralternatives.com, and Minesite.com in providing informed news and independent comment on companies, funds, and the markets in which they operate.

Oil is trading at well over US$100 per barrel, but the equity markets remain moribund. Agricultural commodity prices remain high, though off the peaks seen earlier this year, while many metals are also weaker than they were earlier this year, though still up on a five year view. The cost of energy and power is still steadily rising, however, and this continues to influence the companies that we cover on Poweralternatives, as well as the miners that dig up the resources that power the...