Power restrictions in China are doing wonders for the price of aluminum which at $2450 a ton is within sight of its 10-year high of $2750/t set in 2011 and perhaps its all-time high of $3000/t [...]
Commodity prices buffeted by the Chinese Government’s crackdown on speculative trading are rapidly reversing losses made earlier this week with coal leading the way back up.
In /worlds-billionaires, Asia, Billionaires, Business, energy, Forbes Asia, Forbes Energy, Investing, Markets, MoneyPosted
Energy tycoon Dennis Uy’s Udenna Corp. has gained a controlling interest in the Malampaya gas field following the acquisition of Shell Petroleum NV’s 45% stake for up to $460 million.
Prelude or finale, that’s a question some pessimists are starting to ask about a ship called Prelude which was supposed to revolutionize the liquefied natural gas (LNG) industry.
In /worlds-billionaires, Asia, Billionaires, Business, energy, Food & Drink, Forbes Energy, Innovation, manufacturing, Media, Money, No Paywall, RetailPosted
The vast majority of the billionaires on this year’s Forbes list hail from these 10 sectors.
After the Biden administration released its formal trade agenda to Congress, its most glaring message was absent — that the United States would use dispassionate reason to restore business and [...]