Vale, the Brazilian mining giant, has temporarily stopped production at its Onça Puma nickel plant in Pará state. The shutdown came after a fierce windstorm on October 5, 2024, damaged the local power transmission network. Vale expects the plant to resume operations by October 15, 2024, once power is restored. The company reassured stakeholders that […]
Related Posts
Gold’s Glitter Intensifies: US and Germany Gain Most as Prices Soar Amid Global Tensions
The world watches as gold prices reach unprecedented heights, touching $2,685 per ounce. This surge follows Iran’s recent attack on Israel, sparking renewed interest in the precious metal. Gold has long been viewed as a safe haven during turbulent times. Its value tends to rise when global conflicts escalate or economic uncertainties loom. The United […]
YPF Lowers Fuel Prices in Argentina for the First Time Since 2019
Argentina’s state-owned oil company, YPF, has announced a reduction in fuel prices across the country. The company will cut gasoline prices by 4% and diesel prices by 5% starting Tuesday, October 1st. This marks the first decrease in fuel prices since 2019. At the pump, consumers will see a 1% drop in gasoline prices and […]
Venezuela’s Oil Production Soars to Yearly High
Venezuela’s oil production reached 878,000 barrels per day in April, hitting its highest level since May of the previous year. This increase of 4,000 barrels from March shows a steady rise despite ongoing challenges. The Organization of the Petroleum Exporting Countries (OPEC) reported that Venezuelan crude oil prices reached $74.91 per barrel in April. This […]