Authored by Tsvetana Paraskova via OilPrice.com, Global oil production fell by 365,000 bpd in January, hitting a seven-month low according to data from the Joint Organizations Data Initiative. The drop in oil production was driven […]
West Australian Fortescue Future Industries (FFI), a subsidiary of Fortescue Metals Group, and the US’ National Renewable Energy Laboratory have partnered to develop a green hydrogen research center in Colorado. The initial collaboration will […]
Iron ore prices fell on Thursday as China reported a plan to again cut annual crude steel production this year. Benchmark 62% Fe fines imported into Northern China retreated 2.51%, to $129.88 per tonne. […]
Confusion over new Medicare negotiating plans sent Regeneron Pharmaceuticals (REGN) and Halozyme Therapeutics (HALO) stocks tumbling Thursday. REGN stock undercut its 50-day line and HALO stock hit a year-low. Under a new program launching in […]
Credit Suisse (CS) rebounded Thursday after its late Wednesday announcement to borrow up to $54 billion from the Swiss National Bank. The financial stock unraveled during Wednesday’s U.S. and European market trade, shedding as much […]
The stock market traded higher Thursday after regional banks bounced. Big Tech and the Nasdaq composite bucked the early downward tide, trading higher, while small caps shed opening losses. Regional bank stocks got some relief […]
Peninsula Energy has delayed the restart of commercial production at its Lance project, in Wyoming, from the first quarter of this year until mid-2023. According to the company, there has been a delay in […]
The sudden collapse of Silicon Valley Bank, a subsidiary of SVB Financial (SIVB), triggered a banking crisis that spun out across financial sectors in the U.S. and overseas. On Thursday, Treasury Secretary Janet Yellen assured […]
A Wall Street analyst on Thursday called a cyclical bottom for chipmakers tied to personal computers and smartphones. He upgraded Intel (INTC) stock along with Qualcomm (QCOM) and Skyworks Solutions (SWKS). Susquehanna Financial Group analyst […]
It’s understandable if the average Westerner is in shock after reading the Washington Post’s latest report about the Ukrainian Conflict. The truth is that their de facto New Cold War bloc’s side is on the […]
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