Oil Prices Expected to Struggle in the Fourth Quarter

Earlier this year, oil prices saw a substantial fall due to a lack of demand caused by Covid-19 and trade disputes between OPEC and Russia. While prices have begun to stabilize, it isn’t expected that they’ll see all that large of an increase in the fourth quarter. Going into the winter, analysts see prices for …

Read more

Oil Prices Drop Again Over Demand Fears

Oil prices have had a rather shaky year so far. The combination of the Covid-19 pandemic and the past trade disputes between OPEC and Russia caused prices to drop to decade lows, before slowly beginning to recover. Now, prices have seen another drop as concerns over demand flare up once more. On Tuesday, West Texas …

Read more

Major Oil Producers Report Negative Second Quarter Results

The oil industry is one of the many different industries which has been hit hard by the COVID-19 pandemic. A reduction in travel demand, along with production disputes between OPEC and Russia earlier in the year meant there was a massive supply of oil with effectively no demand. While things have begun to stabilize elsewhere, …

Read more

Oil Prices Climb Based On Economic Data Support

Oil has remained a delicate market due to the COVID-19 pandemic and issues with overproduction. However, in a rather volatile session on Thursday, oil prices continued to climb based upon economic data indicating improvements in the U.S. economy. Brent crude, which is used as the global benchmark, rose by 1.7%, or 70 cents, to $41.01 …

Read more

Oil Drops Over 10% In Wake Of Second Virus Wave Fears

The oil industry has been one of the most drastically impacted by the COVID-19 pandemic. After a drastic decline, recently the sector has shown signs of recovery. However, fears over a second wave of outbreaks have resulted in a new round of drops. On Thursday of last week, oil prices fell by over 10% after …

Read more

Oil Prices Drop Yet Again

Last week, oil prices saw a substantial drop-off, before beginning a climb back to more-positive values. However, this growth didn’t last. In fact, many experts anticipate these prices could continue to slip yet again in the upcoming weeks. Both U.S. and international oil prices have been in flux all throughout the week. Last Monday, West …

Read more

Oil Prices Continue to Drop, Set for Worst Month in a Decade

Markets all over the world continue to be impacted by the spread of coronavirus, and oil is no different. As of Thursday of last week, prices for oil fell around 8% as demand continues to decrease. U.S. West Texas Intermediate crude oil prices have fallen down nearly 25% this week, its worst one week drop …

Read more

Boring Company May Soon Expand to the Las Vegas Strip

Currently, Elon Musk’s Boring Co. has been quickly moving along with their plans to finalize its new underground transit system at the Las Vegas Convention Center. While this current loop is not yet finished, that hasn’t stopped the company from already preparing for its first expansion: a connection to the Las Vegas Strip. The Convention …

Read more

U.S. Silicon Metal Producers: ITC Finds Harm Caused by Imports from Bosnia and Herzegovina, Iceland, Malaysia, and Kazakhstan

Semiconductor

Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC, and Mississippi Silicon LLC (“MS”), collectively representing the majority of American silicon metal production, today announced that the U.S. International Trade Commission (“ITC”) will continue investigating the harm caused by imports of silicon metal into the United States. The announcement comes after Commissioners voted 5-0 that …

Read more

South Africa’s Mines Set to Shut Down Amid Lockdown

rare earth

In order to slow the spread of the ongoing coronavirus outbreak, countries around the world are locking down their borders and enforcing people to stay at their homes. Due to these restrictions, many industries are seeing a massive decrease in their overall productivity. In South Africa, things are going one step further, with a near-total …

Read more