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NORD STREAM: What’s Known About the Mystery Pipeline Explosions?

STOCKHOLM, Feb 7 (Reuters) – Sweden announced on Wednesday that it had dropped its investigation into the explosions in 2022 on Nord Stream pipelines carrying Russian gas to Germany and had handed evidence it had uncovered over to German investigators. Here is what we know so far about the blasts, which destroyed three out of four pipelines, …

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Sweden Ends Nord Stream Sabotage Probe, Hands Evidence to Germany

Sweden ends Nord Stream sabotage probe, hands evidence to Germany Summary Sweden says no evidence its citizens involved in blasts Plans to hand information it has gathered over to Germany Russia says it is watching to see what Germany does STOCKHOLM, Feb 7 (Reuters) – Sweden on Wednesday dropped its investigation into the explosions in …

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BP Continues Assessment of Whiting, Indiana, Refinery After Power Loss

BP Plc was continuing assessments on Monday of production units at its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery following a plant-wide power outage on Thursday, said people familiar with the matter. BP was developing plans and schedules for restarting the refinery, the largest in the U.S. Midwest, once the evaluation of the refinery’s condition is …

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Rare Earths Prices Seen Rebounding in Second Half of 2024

(Reuters) – Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind power and as dominant producer China is expected to pull back on expanding output quotas, analysts said. Rare earths are a group of 17 elements used in products from lasers …

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U.S. Oil Refiners’ Weekly capacity Seen Up 110,000 Bpd – IIR

U.S. oil refiners are expected to have about 1.9 million barrels per day (bpd) of capacity offline for the week ending Feb. 9, increasing available refining capacity by 110,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 1.1 million bpd in the week ending Feb. 16, IIR added. …

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BP Says Power Restored, Operations Stabilized at Whiting, Indiana Refinery

BP said on Friday that power had been restored to its 435,000 barrel-per-day Whiting, Indiana, refinery following a power outage that disrupted operations. On Thursday, a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with the plant’s operations. Operations have been stabilized …

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What Lithium’s Roller-Coaster Ride Means for Miners

Bloomberg Since 2021, lithium prices have surged 10-fold, only to crash back to earth, wiping out billions of dollars in miners’ shares and forcing supply cuts. The ripple effects of this ride are only just beginning. The reversal of fortunes for the electric-vehicle battery metal has been nothing short of stunning. Its rapid ascent to a …

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Trudeau Faces Daunting Path to Sale of Canada’s $26 Billion Trans Mountain Pipeline

Plan to give Trans Mountain stake to Indigenous groups stalled Oil companies object to tolls; analysts question valuation Justin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeline, a huge conduit that moves crude from the province of Alberta to the west coast. But the government faces …

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Once Soaring EV Stocks Now Face a Bleak Future

Almost all electric vehicle stocks that listed in the past five years are now trading lower Bloomberg News Gone are the days of starry stock market debuts that sent valuations of electric-vehicle makers soaring. Now, floating an EV stock is only for the brave. A torrent of bad news for the sector this week confirms how far …

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Power Loss Forces BP to Shut Biggest U.S. Midwest Refinery

(Reuters) – BP  was purging its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery of hydrocarbons on Thursday after a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with plant operations. It is not yet clear how long it will take BP to restart the …

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