LA Private

September 27, 2023

Cushing faces oil shortage crisis

A critical US oil town, Cushing, Oklahoma, is grappling with a dire oil shortage that is sending shockwaves through energy markets, pushing US oil prices above $94 per barrel for the first time since August 2022 and raising the specter of breaching the $100 mark in the near future. The crisis hinges on a complex […]

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Gold plummets below $1,900

While oil prices remained resilient against a strong US dollar and rising bond yields, gold investors panicked, causing Comex futures prices to dip below $1,900 per ounce. The US dollar continued to strengthen (causing the Aussie dollar to drop towards 63 US cents), and US bond yields surged, with the 10-year bond yield hitting 4.61%

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Mineral Resources’ $1.3b bond offering

Five days ago, Perth-based Mineral Resources (ASX:MIN) issued a comprehensive update on its various mines and prospects in Western Australia, particularly in lithium and iron ore. On Tuesday, the company revealed plans to raise $US850 million ($A1.3 billion) through five-year bonds. In the statement, MinRes indicated its intention to utilise the proceeds from the offering

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