The massive Greenlink Nevada transmission project is coming in over budget and could cost $2.9 billion to develop as construction costs have increased in recent years.
Generally, it is a very poor idea to own the United States Natural Gas Fund (NYSEARCA:UNG), which holds front month natural gas futures, as an investment. Normally, natural gas prices are in contango, not backwardation, meaning the front month futures contract is lower priced than the next month further out, and so forth. Thus, most of the time the United States Natural Gas Fund has to roll their contracts from month-to-month, and natural gas futures are in contango, then the United States Natural Gas Fund (UNG) is absorbing a loss from the negative roll yield.
The construction of the Thai-Chinese high-speed train project is likely to face a delay of two years and about 4 billion baht more in funding to change a section of track in Nakhon Ratchasima, the State Railway of Thailand (SRT) has revealed.
The Illawarra Renewable Energy Zone attracted $43 billion worth of potential projects that were forecast to create more than 8,000 jobs, but a year after it was declared not a single project is in the pipeline.
The U.S. Department of Energy on Monday said it was soliciting up to three million barrels of sour crude oil for delivery in August 2024, according to a notice posted on the department's website.
Diversify your portfolio with alternative assets like DLP Capital's real estate funds. Alternative assets are becoming the new buzzword in the investment world, especially among the affluent 1%. But what exactly are these assets? Simply put, they include investments outside the traditional arenas of stocks, bonds and cash. Think private equity, hedge funds, real estate, commodities and even the rapidly evolving world of cryptocurrencies. The appeal of these assets is their potential for higher, above-market returns and portfolio diversification as a crucial hedge against stock and bond market volatility with largely uncorrelated performance.
A 300-year-old shipwreck in the Caribbean is believed to hold gold and silver coins, emeralds, and other sunken treasures that could be worth $20 billion. On Friday, Colombia's government unveiled plans for a groundbreaking deep-water expedition to explore the legendary galleon, San José, dubbed the "holy grail of shipwrecks." The 62-gun, three-masted galleon sunk in 1708, falling victim to an English squadron while en route to Cartagena. In the ship's hold was accumulated wealth taken from Spain's colonies in South America, including 116 steel chests full of emeralds and millions of gold and silver coins.
India's monthly steel exports hit a 18-month high to 1.1 million tonne in January 2024 on increased demand from the European Union and supportive global prices, SteelMint said. Besides, competitive domestic prices of steel contributed to rise in export, the research firm said in its latest report. The outbound shipment of steel in January 2023 was 0.67 million tonne , as per SteelMint data. On reasons behind the surge in exports, SteelMint said, "good restocking demand from the European Union (EU) contributed 67 per cent of the 1.11 MT (export) in January. It was highest in last 18 months."
The Middle East is a critical area for global energy production and transportation, with several major oil-producing countries that combinedly contribute more than 30 percent of global oil production.