China boosted its coal and gas power generation by 3.1% in April from a year earlier as wind and nuclear power output fell. Despite a 1% decline in domestic coal output, China is boosting coal power generation to make up for lower wind speeds and some nuclear plants underg
Anglo American has agreed to sell its steelmaking coal assets in Australia to Dhilmar Limited for up to $3.875 billion in cash, exiting the steelmaking coal business as the mining giant continues its restructuring that began two years ago. Anglo American said in May 2024 t
Silver prices drop 9% to under USD 76 per ounce amid rising yields and a stronger dollar, reversing earlier gains tied to risk appetite. Silver prices fell nearly 9% to below USD 76 per ounce, underperforming gold as higher bond yields and a stronger dollar reversed earlie
Silver price targets lowered due to reduced supply deficit Silver prices have fallen from an all-time high of $121.64 to $84. UBS has cut its estimate of the 2026 global supply deficit from 300 million ounces to 60-70 million ounces. This reduction is driven by thre
Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil and gas supermajor has not taken any final decision on a potential sale, wh
The miner reported first-quarter lithium oxide concentrate sales volume of 23,000 tonnes as it updates full-year production targets. Sigma Lithium announced first-quarter lithium oxide concentrate sales volume of 23,000 tonnes, covering both low- and high-grade output. The
President Sheinbaum replaces Pemex’s chief amid declining production and operational challenges at the state oil firm. Mexican President Claudia Sheinbaum announced the resignation of Pemex CEO Víctor Rodríguez, appointing CFO Juan Carlos Carpio as his successor. The leade
Greg Abel, new head of Berkshire Hathaway, brings utility sector experience but faces investor scrutiny after Buffett’s departure. Berkshire Hathaway has transitioned leadership to Greg Abel, who now oversees the conglomerate following Warren Buffett’s departure. Abel prev
Taiwan faces energy shortages as 33% of its LNG imports, primarily from Qatar and UAE, remain stranded due to the Strait of Hormuz closure. Taiwan’s energy security is under strain after LNG imports from the Gulf region ceased in April and May. The island relies on imports
The war in Iran has choked natural gas supplies across Europe and Asia, leading to fuel rationing and blackouts, but in the heart of US shale country, the market is swimming in supply. Gas in the Permian Basin of West Texas and New Mexico is so plentiful that producers are
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