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Home2024February

Month: February 2024

Canada Rare Earth
Rare Earth Minerals

Canada Rare Earth sets up supply operations in the Democratic Republic of Congo

February 27, 2024 Stu Turley

  Canada Rare Earth Corp. (TSXV: LL) announced it has established rare earth supply operations in the Democratic Republic of Congo (DRC) through its wholly owned subsidiary Simba Essential Minerals. The initial startup supply will […]

Coeur
Critical Minerals

Coeur raising $25 million via flow-through shares for Canadian project

February 27, 2024 Mariel Alumit

  Coeur Mining (NYSE: CDE) is offering approximately 7.7 million flow-through shares to raise C$34 million ($25m) with which to advance exploration at its Silvertip silver-zinc-lead property in British Columbia, 16 km south of the […]

OPEC
Crude Oil News

OPEC+ to consider extending voluntary oil output cuts, sources say

February 27, 2024 Stu Turley

LONDON/MOSCOW, Feb 27 (Reuters) – OPEC+ will consider extending voluntary oil output cuts into the second quarter, three OPEC+ sources told Reuters, to provide additional support for the market, and could keep them in place […]

OPEC+
Crude Oil News

Oil rises more than $1/bbl as OPEC+ mulls extending output cuts

February 27, 2024 Mariel Alumit

HOUSTON, Feb 27 (Reuters) – Oil prices rose more than $1 a barrel on Tuesday as sources said OPEC+ is considering extending voluntary oil output cuts into the second quarter to provide additional support. Brent crude futures […]

Permian Resources
Crude Oil News

Permian Resources Announces Strong Fourth Quarter 2023 Results and Provides Highly Capital Efficient Full Year 2024 Plan

February 27, 2024 Mariel Alumit

MIDLAND, Texas, Feb. 27 /BusinessWire/ — Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE:PR) today announced its fourth quarter and full year 2023 financial and operational results and 2024 operational plans. Permian Resources’ full […]

Civitas Resources, Inc.
Crude Oil News

Civitas Resources, Inc. Announces Share Repurchase From NGP

February 27, 2024 Mariel Alumit

DENVER, Feb. 27 /BusinessWire/ — Civitas Resources, Inc. (NYSE:CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of […]

wind and solar
Electrical Generation / Utilities

Counties are blocking wind and solar across the US — maps show energy capacity in your area

February 27, 2024 Stu Turley

A nationwide analysis by USA TODAY revealed a trend that threatens to derail U.S. clean energy goals: local governments are banning new utility-scale wind and solar power faster than they’re building it. Learn more:US counties are blocking the future […]

BatMan project
Rare Earth Minerals

BatMan project uses lasers to optimize EV batteries

February 27, 2024 Stu Turley

  A recent battery manufacturing project led by the US Department of Energy’s National Renewable Energy Laboratory (NREL) —affectionately called BatMan— has developed a novel laser patterning process to alter the microstructure of battery electrode […]

Goldman CEO
Finance

Goldman CEO Sees More Uncertainty to Soft-Landing Expectations – Will this impact global oil demand?

February 27, 2024 Stu Turley

Goldman Sachs Group Inc. Chief Executive Officer David Solomon said softer spending by consumers calls into question expectations that the US economy will avoid a recession. “The world is set up for a soft landing,” Solomon said at […]

Woodside
Exports

LNG Demand Will Surge 50% in Next Decade, Woodside CEO Says

February 27, 2024 Stu Turley

Woodside Energy Group Ltd., Australia’s top liquefied natural gas exporter, expects consumption of the fuel to rise 50% over the next decade, pushing the supplier to consider further expansions. “We’re seeing signs of that demand […]

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