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☆ U.S. crude oil prices top $90 a barrel for the first time since November 2022
  + stars: | 2023-09-14 | by ( Yun Li | ) www.cnbc.com   time to read: 1 min
The crude oil tanker Searuby arrives at Teesport on September 02, 2023 in Redcar, United Kingdom. This is breaking news. Please check back for updates. Oil prices jumped on Wednesday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply outlook grew. West Texas Intermediate crude (WTI) gained 1.6%, to $90, hitting its highest level since November 2022.
Organizations: West Texas Locations: Teesport, Redcar, United Kingdom
☆ Oil prices edge up on anticipated U.S. crude stock draw
  + stars: | 2023-09-07 | by ( ) www.cnbc.com   time to read: +1 min
The crude oil tanker Searuby arrives at Teesport on September 02, 2023 in Redcar, United Kingdom. Oil prices edged higher on Thursday, after industry data showed U.S. crude oil inventories were expected to have fallen last week, signaling tightening supplies on top of extended production cuts in Saudi Arabia and Russia. U.S. crude oil inventories were projected to fall by 5.5 million barrels in the week ending Sept. 1, according to market sources citing American Petroleum Institute figures released after market settlement. Prices spiked on Tuesday after Saudi Arabia and Russia extended voluntary oil supply cuts to the year-end. The Saudi cuts were by 1 million barrels per day, or bpd, while Russia has cut 300,000 bpd.
Organizations: American Petroleum Institute, U.S . Energy, Administration, Brent, U.S, West Texas, Saudi Locations: Teesport, Redcar, United Kingdom, Saudi Arabia, Russia
☆ UK's first large-scale lithium refinery chooses location as race for 'white gold' intensifies
  + stars: | 2022-11-09 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +1 min
LONDON — A facility described as the U.K.'s "first large-scale lithium refinery" will be located in the north of England, with those behind the project hoping its output will hit roughly 50,000 metric tons each year once up and running. On Monday, a statement released by Green Lithium on the website of the London Stock Exchange said construction of the £600 million (around $687 million) project was expected to last three years, with commissioning slated for 2025. Green Lithium said its product would "go into the supply chain for lithium-ion batteries, energy storage, grid stabilisation and EV batteries." The U.K. wants to stop the sale of new diesel and gasoline cars and vans by 2030. It will require, from 2035, all new cars and vans to have zero tailpipe emissions.
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