Tesla signs a multi-year agreement to supply over 25 GWh of battery energy storage systems to NatPower as Europe ramps up renewables integration. Tesla has agreed to supply more than 25 gigawatt-hours of battery energy storage systems to NatPower under a multi-year deal, b
The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a country grappling with severe fuel shortages, Reuters reports. Operated
Prediction markets reflect expectations for silver to recover after a 4% drop pushed prices to six-month lows this week. Silver prices faced renewed pressure Wednesday, dropping over 4% to extend a selloff that drove the metal to its lowest level in six months. The decline
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF, FRA:8SR) has reported results from recent exploration work at its Alamo property in La Paz County, Arizona, highlighting new gold and copper anomalies and an expanded exploration target area. The company completed soil geoc
Silver July (SI=F) futures opened at $61.30 today, down 6% compared to yesterday's opening price. The price of silver continued to fall this morning, reaching $59.32 as of 8:18 a.m ET. Silver prices opened at their lowest level all week and fell further this morning
Independent refiners in Shandong cut run rates to 50.5% amid high feedstock costs and sluggish domestic fuel demand. China’s independent teapot refiners have reduced refinery utilization to its lowest level since 2017, driven by elevated feedstock prices and weak domestic
Power plants increase domestic coal use to 50-70% amid higher local production and renewable energy expansion. India has reduced coal imports to multi-year lows by boosting domestic coal use in power plants. Many facilities, previously reliant on imported coal, now source
Mexico’s state-owned Pemex signs deal with Brazil’s Petrobras to collaborate on deepwater projects amid declining production and debt concerns. Mexico’s Pemex and Brazil’s Petrobras signed a memorandum of understanding to jointly explore deepwater opportunities in the Gulf
Beijing advances regional energy partnerships with a $2 billion commitment to Uzbek mining amid broader nuclear cooperation with Kazakhstan. China plans a $2 billion investment in Uzbek mining projects as part of an expanding economic engagement with Central Asia. The move
Tanker charter costs in the Persian Gulf nearly double in a week as producers expedite crude shipments post-crisis. Tanker rates in the Strait of Hormuz have soared to over $190,000 per day, up from $106,000 a week ago, as Middle Eastern producers rush to clear backlogged
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