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Home2023February

Month: February 2023

ENB Daily Standup

Daily Energy Standup Episode #54 -US Reserves UP, ESG Investing Proving Not Profitable, US Refineries See High Prices To Increase Due To Russian Sanctions

February 3, 2023 Andy Del Prado

Michael was on assignment to a bachelor party in California, so if he does not show up on Monday, we might send out a search party. I will be watching the Hangover series to get […]

US
Commodities

US mine production value rises 3.8% to $98 billion in 2022 — USGS

February 2, 2023 Mariel Alumit

​US mines produced approximately $98.2 billion in nonfuel mineral commodities in 2022, an estimated $3.6 billion (~3.8%) increase over the 2021 revised total of $94.6 billion, the US Geological Survey announced Thursday. This information comes […]

Copper
Rare Earth Minerals

Copper price rebounds as Fed messaging weakens the dollar

February 2, 2023 Mariel Alumit

​Copper prices moved higher on Thursday after the US Federal Reserve cemented expectations that rapid interest rate rises will end soon, weakening the dollar and making dollar-priced metals cheaper for buyers with other currencies. Copper for delivery […]

People

Women in Mining Spotlight: Alison White

February 2, 2023 Mariel Alumit

​Staying on the theme of putting the spotlight on talented women in leadership roles in mining, we caught up with Alison White, executive vice president and chief financial officer of SSR Mining. Based in Denver, […]

Finance

Sprott launches four new ETFs focused on critical minerals

February 2, 2023 Mariel Alumit

​Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc. (NYSE, TSX: SII), announced on Thursday it has launched four exchange-traded funds (ETFs) focused on providing investors pure-play exposure to critical minerals essential to […]

Gold
Investments

Gold price falls from nine-month peak following Powell’s dovish remarks

February 2, 2023 Mariel Alumit

​Gold prices retreated on Thursday as the dollar rebounded and some investors locked in profits after the safe-haven metal scaled a nine-month peak on dovish remarks from Federal Reserve Chair Jerome Powell. Spot gold fell […]

EnergyNews

Oil Steadies as Traders Weigh Fed Rate Outlook and China Demand

February 2, 2023 Mariel Alumit

Oil steadied above a three-week low, as traders digested the Federal Reserve’s latest meeting for the outlook on interest rates and weighed the potential for better demand in China. West Texas Intermediate traded near $76.50 […]

Iron
Rare Earth Minerals

Iron ore price at 2-week low as traders reassess demand prospects in China

February 2, 2023 Mariel Alumit

​The iron ore price fell to a two-week low on Thursday as traders reassessed demand prospects in China. Iron ore and steel prices in China hit multi-month highs in January as markets rallied from early […]

Powell
Finance

Powell’s “We Will See” Is Enough For The Markets

February 2, 2023 Mariel Alumit

By Ven Ram, Bloomberg markets live reporter and strategist On Wednesday, Fed Chair Jerome Powell often peppered his answers by intersplicing “Let’s see.” As it turned out, that provided enough comfort for the markets. You […]

Pipeline
Crude Oil News

Pipeline operator Enterprise says bullish on Permian oil output

February 2, 2023 Mariel Alumit

HOUSTON, Feb 1 (Reuters) – U.S. energy pipeline operator Enterprise Products Partners (EPD.N) was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and […]

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