Independent refiners in Shandong reduce operating rates to 50% amid tanker disruptions and shrinking margins. Independent refiners in China’s Shandong province have slashed operating rates to 50%, down from 55% in April, as the Strait of Hormuz crisis disrupts crude flows
Technical analysis confirms silver’s five-wave advance, signaling potential continuation after breaking the April 17 high. Silver’s (XAGUSD) short-term Elliott Wave analysis indicates a bullish continuation after surpassing the April 17 peak at 83.05. The break confirmed a
Silver prices jump over 7% to breach key resistance at $85.00, targeting $86.00 as momentum builds. Silver prices climbed more than 7% on Monday, breaking through critical resistance at $83.05, the April 17 high. The rally extended to the $85.00 psychological level, fuelin
XAG/USD jumps over 7% to breach key resistance at $85.00, targeting $90.00 as bullish momentum accelerates. Silver prices climbed more than 7% to $86.00 per troy ounce, breaking through critical resistance at $83.05 and the psychological $85.00 level. The rally signals str
Sigma Lithium faces regulatory penalties after violating waste disposal rules, triggering a sharp decline in its stock price. Sigma Lithium (SGML) shares fell 5.3% after Brazilian labor inspectors imposed fines for using a banned waste pile deemed a "grave and imminent" ri
Total energy production in the United States increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4% increase from the previous record set in 2024, according to new data in our Monthly Energy Review. Total production was driven by record-
Australia’s largest untapped gas project sees cost surge by $15 billion due to delays and carbon capture requirements. Woodside Energy raised its cost estimate for the Browse LNG project to $35 billion, up from a 2019 projection of $20 billion. The increase reflects delays
Elevra Lithium agrees to sell its Ewoyaa project interest to Huayou Cobalt, bolstering lithium supply chain integration. Elevra Lithium (ELVR) will divest its stake in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt for $71 million. The deal is set to close i
Colombia and Netherlands co-host conference on reducing fossil fuel reliance The conference, held in Santa Marta, Colombia, focused on supporting a global green transition. Several state leaders praised the event for its explicit focus on reducing reliance on fossi
Kazakhstan’s $1.9 billion data center expansion hinges on resolving a critical electricity shortfall, officials say. Kazakhstan has partnered with an international consortium to develop a $1.9 billion data center hub, aiming to attract global tech investment. The project’s
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