Article
Nickel Jumps As Indonesian Output Cut Stokes Supply Fears
Nickel Jumps As Indonesian Output Cut Stokes Supply Fears
Nickel prices on the London Metal Exchange surged as much as 2.6% to $19,050 a ton after Shanghai Metals Market said upwards of 15% of high-grade nickel pig iron capacity at Indonesia's Weda Bay Industrial Park will undergo rotational maintenance in the coming months, according to Bloomberg.
Indonesia's Weda Bay Industrial Park is one of the most important nickel-processing hubs in the world and serves a large cluster of smelters that produce nickel pig iron, a key input for stainless steel...
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Jul 10, 2026 / Tyler Durden
BP Weighs North Sea Exit Under New CEO
BP Weighs North Sea Exit Under New CEO
Authored by Michael Kern via OilPrice.com,
BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday.
“We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive...
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Aug 11, 2026 / Tyler Durden
Trump Weighs Federal Challenge To Mamdani's Socialist Tax "Experiment," Warns It Will Doom NYC
Trump Weighs Federal Challenge To Mamdani's Socialist Tax "Experiment," Warns It Will Doom NYC
Summary:
Trump Weighs Federal Challenge to New York Pied-à-Terre Tax
Judge Temporarily Blocks Mamdani's Socialist Tax Scheme
Trump Weighs Federal Challenge to New York Pied-à-Terre Tax
President Trump said in a Truth Social post around lunchtime that his administration is examining whether the federal government has the legal authority to block NYC Mayor Zohran Mamdani's dangerous political "experiment" before it can "destroy what was once a great City and State."
"It is pure Amateur Hour, and it's hard, as President of...
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Aug 10, 2026 / Dave DeCamp
Hegseth Says Congress Should Pay Tribute to Lindsey Graham by Approving $1.5 Trillion Military Budget
US Secretary of War Pete Hegseth called on Congress to approve his request for a $1.5 trillion military budget for 2027 during remarks at a ceremony in South Carolina for the renaming of Joint Base Charleston to Joint Base Lindsey Graham in honor of the late Sen. Lindsey Graham, who died unexpectedly last month. Hegseth […]
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