The Illusion of Success: The American Shale Industry’s Struggle for Survival

The Illusion of Success: The American Shale Industry’s Struggle for Survival

American shale producers began to actively use the rule that has never failed private business: if something doesn’t work out, pretend to be successful anyway. Things are going badly in the energy sector, but reports of sky-high oil and gas exports are being publicly shown. As it became known last week, US traders receive part … Read more

China Tightens Export Controls on Rare Earths – Impact on Electric Vehicles and Weapons Production

China Tightens Export Controls on Rare Earths – Impact on Electric Vehicles and Weapons Production

China tightens export controls on rare earths, a group of chemical elements essential for producing electric vehicles and some weapons (including missiles), requiring exporters to report their type and destinations. In a note, the Ministry of Commerce specified that the tightening will last two years (October 2023-October 2025). The move, a few days before the … Read more

Nougat Company Plans to Increase Production Despite Challenging Economic Conditions

Nougat Company Plans to Increase Production Despite Challenging Economic Conditions

Nougat company from Xixona (Alicante) plans to increase its production by up to 2.5% in the Christmas campaign, despite the “complicated” economic situation, marked by inflation and increased costs, and they hope to exceed three million kilos of nougat and a 5% increase in its turnover compared to last year. This was explained by Beatriz … Read more

Australia Sets New Energy Production Records with Photovoltaic Panels: Over 100% Power Achieved

Australia Sets New Energy Production Records with Photovoltaic Panels: Over 100% Power Achieved

October 28, 2023, 5:25 p.mPiataAuto.md editors In the last two months, Australia has set new and new energy production records from its photovoltaic panels, especially domestic ones, reaching in some states to provide more than 100% of the required power at certain noon hours. These records were made possible by the enormous increase in panel … Read more

Škoda Auto’s Operating Profit Soars by 47%: Boosted by Enyaq Electric Model Sales

Škoda Auto’s Operating Profit Soars by 47%: Boosted by Enyaq Electric Model Sales

Parent company Volkswagen already reported on Thursday that Škoda increased its operating profit by 47 percent to 1.26 billion euros (about 31 billion crowns) from January to the end of September. Increased sales of the Enyaq electric model contributed in particular to the growth. Total sales rose by 29.5 percent to 19.659 billion euros (roughly … Read more

The Worst Week for the Global Oil Market: Causes, Impact, and Future Outlook

The Worst Week for the Global Oil Market: Causes, Impact, and Future Outlook

The worst week for the global oil market is coming to an end. The industry has not experienced such disappointment since March of this year. Commodity prices dropped significantly this week, falling by at least $10 per barrel under pressure from various fundamental factors. None of them could be ignored. The situation is described by … Read more

Intelligent Manufacturing Transformation and Upgrading in Zhejiang: Puhui’s Digital Solutions

Original title: Entering the enterprise to see confidence | Equipping “intelligent manufacturing” brain digital technology to help the transformation and upgrading of the manufacturing industry Puhui Intelligent Manufacturing Technology Co., Ltd., headquartered in Hangzhou, Zhejiang, is an industrial Internet company that provides digital transformation solutions for discrete manufacturing companies. Its self-developed full-stack SaaS (Software as … Read more

Russian Gazprom’s Record Low Production Rate: Gas Supplies Collapse to 70s Levels

Russian Gazprom’s Record Low Production Rate: Gas Supplies Collapse to 70s Levels

The Russian Gazprom has never had such a low production rate in its entire history. Russia’s gas production has collapsed to levels in the 70s, according to a report from state energy company Gazprom, which said gas production in the first half of 2023 amounted to 179.45 billion cubic meters. An American magazine writes about … Read more

SHINee Apologizes for Controversial Mention of Skin Color in Content Video

SHINee Apologizes for Controversial Mention of Skin Color in Content Video

Money Today Reporter Jeonghyeok Lee | 2023.09.29 19:55 Popular group SHINee apologized after controversy arose over mention of skin color in its content video. According to News 1 on the 29th, an apology from Prism Productions, which is in charge of SHINee content, and an apology from members Key and Taemin were posted on SHINee’s … Read more