Other Commodities
Due to lack of money: Libyan company stops oil production
The Arabian Gulf Oil Company, a subsidiary of the Libyan National Oil Corporation (NOC), has stopped oil production due to lack of money, reports Arab News, citing the company's Facebook page. AGOCO warned late Thursday that it would cease oil production if it …
Hope in central banks makes up for worries over delta variant
European stocks held near the highs reached earlier in the month on Monday as hopes that continued central bank support would help the economic recovery offset concerns over rising cases of the Delta COVID-19 variant. The UK markets were closed for a public …
Oil is stabilizing as Hurricane Ida weakened, OPEC + in focus
Oil prices stabilized on Monday, relinquishing much of its earlier surge to a four-week high as Hurricane Ida weakened after stalling oil production in the Gulf of Mexico and OPEC + a planned hike Promised oil production. Within 12 hours of arriving at the …
Crude oil production down by 400,000 barrels
Mexico's state-owned oil company Pemex has resumed part of its oil production that was interrupted after Sunday's fatal fire that killed seven people. However, the pace of resumption of production could be slower than expected due to technical issues such as: …
New sensor for detecting rare earths in acid mine waste
Penn State University researchers have developed a luminescence sensor that can detect terbium, one of the rarest rare earth elements, in complex environmental samples such as acid mine waste. In a peer-reviewed article published in the Journal of the American …
Prices for crude oil slump further
Crude oil prices fell Monday, continuing the heavy losses seen last week amid fears that the recovery in oil demand could be slowed by restrictions related to the Kovid in China. At 9:25 AM ET (1325 GMT), US crude oil futures were up 2.6% at $ 66.52 a barrel …
Viking Energy receives further investment from institutionals
As we recently discovered, the Viking Energy Group Inc. (OTC US: VKIN) is on the verge of a capital-backed expansion on very good terms. Given the trend in the oil and gas markets, this should be considered extremely good news for VKIN stocks. However, the …
Goldman continues to expect copper prices to rise
In a new research note, Goldman Sachs said the copper price is "ready for the next surge" as short-term headwinds ease and fundamentals pointed to a significant increase in demand in the future. The copper concentrate market remains very tight, according to …
Chevron resumes it share buyback program
Chevron (NYSE: CVX) resumes its share buybacks after the company reported higher-than-expected earnings for the second quarter on rising commodity prices. Chevron on Friday reported adjusted earnings of $ 3.3 billion, or $ 1.71 per diluted share, for the …
Berkshire Hathaway will have to cancel latest pipeline deal
Even if Warren Buffet is one of the richest people on planet earth, he must recognize and respect the power of the US government. Berkshire Hathaway Inc. (NYSE: BRK.A) recently announced that it is abandoning its plans to acquire a $ 1.7 billion natural gas …