Day: January 21, 2024

China Takes Advantage of Lower Oil Prices to Build Inventories

China is taking advantage of the slide in oil prices, which began in October, to ramp up its stockpiling of cheaper crude.  In December alone, China is estimated to have sharply boosted the volume of crude going to storage for the highest rate of stock…

Burn-Off at Burnaby Refinery Behind Smelly Sunday Morning in Vancouver

Vancouver’s Fire Chief says reports of a noxious odour across the city Sunday are tied to a “hydro carbon industrial event” from a refinery in neighbouring Burnaby.
Karen Fry says Burnaby fire crews are on scene at the refinery and issued a public sa…

Kyrgyzstan’s Vehicle Reexport Boom Faces Headwinds

Businessman Yasir Hakimov is engaged in a trade that has become very fashionable in his home city of Bishkek the past two years — reexporting cars from third countries to vehicle-hungry, sanctions-struck Russia.In November and December alone, Hakimov …

Central Banks’ Gold Buying Frenzy Set To Continue in 2024

Via SchiffGold.com, The first half of 2023 was a record-breaking moment for central bank gold buying, led by none other than China and Russia. Organizations like the World Gold Council reported a staggering increase compared to 2022: “On a year-to-date…

New Law Could Put Geothermal On Equal Footing With Oil And Gas

Nearly two decades ago, President George W.Bush’s administration passed the Energy Policy Act of 2005 that ‘‘…provides categorical exclusions from National Environmental Policy Act reviews for permitting for drilling in public lands where drilling has …