Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
The NYMEX January natural gas futures contract continued its downward slide Tuesday, dropping 6.8 cents to settle at $1.826/MMBtu as warm weather forecasts continue to put significant pressure on the contract. The National Weather ...
Tags: Gas, temperatures
Hundreds of thousands of US stripper wells with production totaling 1 million b/d of crude could be at risk if oil prices fall below $35/b, where prices teetered in recent days, for long, observers say. Stripper wells are wells nearing ...
Tags: crude, oil prices, wells
US-based beer brewer Pabst Brewing Company (PBC) has entered into a long-term distribution partnership with Vermont Hard Cider Company, which is manufacturer of American cider. The agreement entails that Vermont Hard Cider will sell ...
The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...
The grid operators of Spain and France, Red Electrica de Espana (REE) and Reseau de Transport d'Electricite (RTE), have assigned cross-border capacity for full-year 2016, REE said in a note Friday. Following an expansion of cross-border ...
Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
The UN global climate negotiations in Paris starting Monday are likely to drive further investment in renewable energy, prompt a switch to electrification in heating and transport and further curb coal-fired power, Swiss bank UBS said in a ...
Tags: coal-fired power, decarbonized economy, wind, solar
The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels
Chinese film director Gu Changwei is staging his solo show The Vision in Beijing. [Photo provided to China Daily] Film director and photographer Gu Changwei's latest production isn't at the cinemas but rather at three exhibition halls of ...
Tags: Film, Gu Changwei, 100-Yuan Note
The premium of gold over platinum has moved to its largest on record, at around $240/oz, as platinum becomes increasingly detached from gold and some investors look to take advantage, sources said Tuesday. Platinum was trading around ...
Bowie Resource Partners will become the US' largest Western bituminous coal producer following a deal with Peabody Energy, according to the company. The Louisville, Kentucky-based company expects the $358 million acquisition to nearly ...
Tags: coal, Peabody, bituminous coal
L.L.Bean Inc. will open its third Ohio store in fall of 2016 at The Kenwood Collection, a mixed-use development located adjacent to the Kenwood Mall in Kenwood, OH, just outside of Cincinnati. The 15,000 square-foot store will feature an ...
Tags: L.L.Bean, hiking, fly-fishing, kayaking