How EIA guestimates keep oil prices subdued
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
Latest Stories
De Beers diamond sales down 20% on earlier Diwali
The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.
Philippines’ President says open-pit mining ban should stay
Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.
China’s Yunnan province starts safety checks on metals plants
Those that do not pass the tests will have to make necessary improvements by the end of December or face closure.
Indian uranium mine becomes dark matter lab
India’s very first uranium mine now hosts a laboratory for conducting experiments in fundamental physics
Gold prices near 12-month high
Gold prices jumped to their highest in almost a year as a weaker dollar and escalating tensions between the United States and North Korea
Finland to get rid of coal by 2030
The head of Finland’s energy department announced that the country will introduce legislation to phase out coal and increase carbon taxes
Australia’s Blair Athol coal mine ramps up production
The company announced the appointment of Wallace Macarthur King as non-executive chairman of its board
Acacia pulls back from major gold mine in Tanzania
“The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment,” company officials said in a statement.
