Article
China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil
China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil
A little over a month ago, we explained that energy traders are "Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports", and highlighted how already razor-thin independent refiner (teapot) margins had plunged to record negative as a result of the war in Iran and government policies meant to keep prices from rising.
Fast forward to today when the previously discussed dynamics have gotten progressively worse, and this morning Bloomnberg writes that...
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Senate Votes To Repeal Biden-Era Mining Ban In Minnesota, Sending Bill To Trump
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Authored by Aldgra Fredly via The Epoch Times,
The U.S. Senate narrowly voted on April 16 to overturn a 20-year mining ban imposed by the former Biden administration on a national forest in northeastern Minnesota.
The measure, which passed 50–49 and will now advance to President Donald Trump’s desk, will reverse the previous administration’s mining ban on 225,504 acres in the Superior National Forest and pave the way for Twin Metals, a subsidiary of Chile-based Antofagasta, to carry out...
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