Author: Lucas

California’s experiment in climate governance has turned the state’s oil and refining sector into one of the most politically charged energy battlegrounds in the world. A long-standing commitment to environmental targets – culminating in a planned end to oil extraction by 2045 – has collided with the realities of high demand, aging infrastructure, and a shrinking refining base. Oil output has already plunged from 760,000 b/d in 2000 to roughly 250,000 b/d in 2025, while the number of operational refineries has fallen from 20 in 2010 to just 12 today. As output falls and refineries close, the state’s reliance on…

Oklo, Inc. (NYSE:OKLO) stock dropped in Thursday’s extended trading after the company entered into an equity distribution agreement to offer up to $1.5 billion of common stock. The DetailsAccording to an SEC filing, Oklo may offer up to $1.5 billion in Class A common stock in an at the market transaction. Read Next: Nvidia CEO Says Nuclear Is AI’s Future — Oklo, NuScale Ready To Roar Back?Oklo shares fell in after-hours trading as investors digested the news. The stock climbed more than 15% in Thursday’s regular session after Nvidia CEO Jensen Huang said nuclear power, particularly small modular reactors, were…

The News10NBC Team details breaking News, Traffic and Weather.ROCHESTER, N.Y. — Demolition work began at the former Vacuum Oil refinery site in Rochester. The city aims to revitalize the contaminated land previously operated by Exxon Mobil’s predecessor. News10NBC’s Declan Stablow reported from the site. According to city officials, crews will start demolishing the building as soon as Monday. The demolition is expected to take three to four weeks, while the entire project will last one and a half to two years. Next spring, crews will replace the contaminated soil at the site. The city said the soil will be disposed…

Silver (XAG/USD) trades on the back foot on Thursday as bulls take a breather and book partial profits after the metal climbed to record highs near $58.98 on Wednesday. At the time of writing, XAG/USD is trading around $56.87, down roughly 2.77% on the day.The fundamental backdrop remains constructive for Silver, helped by dovish Federal Reserve (Fed) expectations, resilient industrial and investment demand, and a tightening supply environment that has helped propel the metal to a near 100% gain year-to-date.Meanwhile, a Gold-Silver ratio near 73 highlights Silver’s relative outperformance within the precious metals space, suggesting further upside potential for XAG/USD.From…

Ireland has agreed to exchange information on property ownership with other countries as part of a tax evasion drive. The Revenue Commissioners will disclose ownership, purchases and disposals of property. It will also share information on rents collected by landlords and the source of funds used to purchase assets. While tax authorities have co-operated on disclosing financial assets they do not currently exchange information on property. The countries involved expect to join the new mechanism in 2029 or 2030. Other countries which have signed up to the agreement are: Belgium, Brazil, Chile, Costa Rica, Finland, France, Germany, Greece, Iceland, Italy,…

Private market assets have increasingly become a go-to investment for financial advisors. 401(k) plan access, newer interval funds and other evolving investment pathways to alternatives are opening the private credit market to broader participation. In particular, direct lending offers a compelling entry point for financial advisors working with clients looking to expand into private credit. As credit alternatives enter a new chapter featuring a wider network of eligible investors, we believe advisors will realize that the best outcomes for their clients will not necessarily be derived from the largest funds (where deal size and putting massive amounts of capital to work…

WILFRIED NANCY will be hoping his introduction to Scottish football will have less blunders in it than Celtic’s announcement of his appointment to the London Stock Exchange. The Frenchman has been confirmed as Brendan Rodgers’ successor on a two-and-a-half year deal and is taking charge of the team for the first time on Thursday. Sign up for the Celtic newsletter Thank you! Wilfried Nancy announced as new Celtic bossCredit: AP Nancy was MLS coach of the year in 2024Credit: Reuters The 48-year-old joins from MLS side Columbus Crew where he clinched the MLS Cup and Leagues Cup and was named…

Listed spot crypto products will be allowed to start trading on registered futures exchanges, the Commodity Futures Trading Commission said Thursday, as the Trump administration moves to further embrace the digital asset industry. “Now, for the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, with the customer protections and market integrity that Americans deserve,” Acting Chairman Caroline Pham said in a statement. Source link

Weekly candlestick chart of gold. Source: TradingView Mining ratios further reinforce this case. Nature produces gold and silver at roughly 7:1, yet the market still prices them close to 80:1. First Majestic Silver CEO Keith Neumeyer has long argued that this imbalance must narrow, and past cycles support that view. After previous ratio peaks in 1991 and 2020, silver outpaced gold over the following 6 to 24 months. Even with this year’s surge, considerable catch‑up potential remains. China’s Voracious Appetite: The Dragon Awakens While Western investors debate silver’s value, China has been aggressively accumulating. The nation’s manufacturing strength and strategic planning have made it the dominant force in global silver demand.…

By Myra P. Saefong A political shift in Venezuela could ‘eventually increase output,’ says a CIBC energy trader Any Venezuela conflict isn’t automatically synonymous with tight global oil supplies, according to Rebecca Babin at CIBC Private Wealth. President Donald Trump has cited drug trafficking as the rationale for recent deadly U.S. strikes on boats in the Caribbean Sea and White House threats to force the resignation of Venezuela’s President Nicolás Maduro, but crude oil is almost certainly playing a part, too. What’s happening in Venezuela cannot be categorized as a “single-issue situation,” said Rebecca Babin, senior energy trader and managing…