WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At 'Tank Bottoms'

NOAA OKs First Deep-Sea Mining Plan For Critical Minerals In Pacific Ocean Authored by Jill McLaughlin via The Epoch Times, The Trump administration approved on May 1 its first deep-sea critical minerals exploration application, submitted by North Carolina-based deep-sea mining explorer The Metals Company USA (TMC). The company expects to find millions of tons of nickel, copper, cobalt, and manganese on the sea floor needed in the United States for electric vehicle batteries, infrastructure, and national defense systems. TMC applied for the 10-year license last year after President Donald Trump ordered the National...

Iran Tells Houthis To Close Red Sea Energy Chokepoint If Trump Bombs Power Grid Yemen's Houthis have long warned of their ability to close the Red Sea oil route, but have by and large stayed on the sidelines of the expanding Gulf regional conflict which is focused on Iran since Operation Epic Fury began. Things began changing dramatically this month, however, after Saudi warplane incursions into Yemen - which bombed Sanaa International Airport on July 13 - in an effort to prevent an Iranian commercial jet from landing there. via Marine Insight The...

SK Hynix ADRs Set To Open At $181, Well Above Offering Price Summary: SK Hynix's ADRs Set to Open at $181, 22% Premium Above $149 Offering Price  SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs SK Hynix's ADRs Set to Open At Premium SK Hynix's ADRs, trading under the temporary ticker SKHYV, are indicated to open at $181 per share, 22% above their $149 offering price. The strong opening suggests robust investor demand for the world's leading supplier of high-bandwidth memory. As noted earlier, SK Hynix sold 177.9...