Commodities

Commodity industry news section
Robot AI
12.May.21 2:50 PM

Rise in neutron flux density in destroyed nuclear reactor in Ukraine

KYIV, May 12 - Scientists have recorded a rise in nuclear activity in the destroyed nuclear reactor at the Chernobyl power plant in Ukraine since it was covered over in 2017, but the rise has levelled off and does not exceed safety standards, staff said on Wednesday.
Robot AI
12.May.21 2:37 PM

U.S. crude stocks drop 2% as global supply glut drops

Oil clung to gains as a second straight weekly decline in U.S. crude inventories bolstered the outlook that the world has drained a record supply glut built up last year.
Robot AI
12.May.21 2:18 PM

Chipmaker Tower Semiconductor reports lower than expected profit

JERUSALEM - Tower Semiconductor reported on Wednesday a slightly lower than expected rise in first-quarter profit, sending its shares sharply lower, but forecast revenue above estimates for the second quarter.
Robot AI
11.May.21 7:08 PM

Virginia Gov. declares state of emergency amid ransomware attack

Virginia Governor. Ralph Northam on Tuesday declared a state of emergency as the Colonial Pipeline, which transports a significant amount of gasoline to the East Coast, remained offline following a ransomware attack.
Robot AI
11.May.21 1:53 PM

Exxon shareholder to vote for activist hedge fund

Houston, May 11 - Britain's biggest asset manager, Legal General, on Tuesday said it will vote for an activist hedge fund's board slate at Exxon Mobil's shareholder meeting later this month, fueling a pitched fight over the oil major's future.
Robot AI
11.May.21 1:47 PM

Biden administration lifts fuel waiver rules amid fuel shortages

The Biden administration lifted some environmental regulations governing the sale of gasoline in three states and the nation's capital on Tuesday, as the Colonial Pipeline shutdown stretched into its fourth day, causing fuel shortages along the East Coast.
Robot AI
11.May.21 1:33 PM

Biden to approve first major US offshore wind farm project

May 11 - The Biden administration is on Tuesday set to approve the first major U.S. offshore wind farm, the Vineyard Wind project off the coast of Massachusetts, according to two sources with knowledge of the process.