Latest news with #EIA
Yahoo
3 hours ago
- Business
- Yahoo
Ohio gas prices essentially unchanged from last week: See how much here
State gas prices are essentially unchanged for the second consecutive week at an average of $3.00 per gallon of regular fuel on Monday, approximately the same as last week's price, according to the U.S. Energy Information Administration. The average fuel price in state slightly rose about 3 cents since last month. According to the EIA, gas prices across the state in the last year have been as low as $2.75 on March 3, 2025, and as high as $3.58 on July 29, 2024. A year ago, the average gas price in Ohio was 13% higher at $3.44 per gallon. >> INTERACTIVE: See how your area's gas prices have changed over the years at . The average gas price in the United States last week was $3.16, making prices in the state about 4.9% lower than the nation's average. The average national gas price is slightly lower than last week's average of $3.17 per gallon. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the U.S. Energy Information Administration. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Fremont News-Messenger: Ohio gas prices essentially unchanged from last week: See how much here
Argaam
15 hours ago
- Business
- Argaam
US crude inventories fall 2.8M barrels last week
US crude oil inventories declined more than anticipated in the week ended May 23, signaling a rebound in US energy demand ahead of Memorial Day, according to data released by the Energy Information Administration (EIA) on Wednesday. Commercial crude inventories fell by 2.8 million barrels last week, compared to expectations for a rise of 600,000 barrels. Gasoline inventories also decreased by 2.4 million barrels, while distillate stocks—including diesel and heating oil— were down by 700,000 barrels.
Reuters
16 hours ago
- Business
- Reuters
US crude stocks, gasoline and distillate inventories fall
DENVER, May 29 (Reuters) - U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, the EIA said, compared with analysts' expectations in a Reuters poll for a 118,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI), opens new tab rose by 75,000 barrels, the EIA said. Oil prices rose slightly after the EIA reported a surprise draw in stockpiles, but were still trading in negative territory. Global Brent crude futures were off 56 cents to $64.34 a barrel at 12:11 p.m. EDT (1611 GMT), while U.S. West Texas Intermediate (WTI) futures were down 65 cents to $61.2 a barrel . Refinery crude runs (USOICR=ECI), opens new tab fell by 162,000 barrels per day in the week, while utilization rates (USOIRU=ECI), opens new tab fell by 0.5 percentage points in the week to 90.2%, the EIA said. U.S. gasoline stocks (USOILG=ECI), opens new tab fell by 2.4 million barrels in the week to 223.1 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 527,000-barrel draw. Distillate stockpiles (USOILD=ECI), opens new tab, which include diesel and heating oil, fell by 724,000 barrels in the week to 103.4 million barrels, versus expectations for a 481,000-barrel rise, the EIA data showed. Net U.S. crude imports (USOICI=ECI), opens new tab fell last week by 532,000 barrels per day, EIA said.
Hamilton Spectator
20 hours ago
- Business
- Hamilton Spectator
Consulting firm outlines timeline for new water source exploration in Blacks Harbour
Englobe has presented a timeline for its work toward finding a new water source for Blacks Harbour. The company was contracted by Eastern Charlotte to start the process of looking amid ongoing water quality issues in the community that have forced several boil water orders in the past several years. In October, Eastern Charlotte Coun. Adam Hatt, who lives in Blacks Harbour, brought three containers of water to the regular meeting – one drawn from a cool purchased at a local store, one from a filtered tap, and one from an unfiltered tap. Two – the filtered and unfiltered one – showed yellow discolouration and brown sediment-filled water, the likes of which people in Blacks Harbour and Beaver Harbour have been dealing with. The water supply is owned by a private company, Connors Brothers – a fish processing and packing facility. 'Our water quality is still having issues,' Hatt said during the April regular meeting of the council. He describes being inundated with messages and calls he's taken about the water quality, and asked the council to look at a viable option to provide some financial relief for ratepayers. 'Every time a flare-up happens, somebody has washed clothes or somebody has had to spend a bunch of money to get rid of stains out of their toilet or bathtubs … just an onslaught of problems,' he said. 'I think it is only right that council looks at that. 'It's time that we do something for them.' The council unanimously support Hatt in his proposal to offer something to the ratepayers. It remains unclear what the council could. But the timeline has become a little clear following a presentation by Laura Leger. She said the municipality and Englobe are working toward securing land agreements in Zone E off Highway 176. At least one property owner has said no to possible exploration, but the company thinks further conversations could be had with each property owner. 'All the landowner agreements have been sent by mail,' she said. It would like to finalize the land agreements by the end of May. Leger added they'll look to do an environmental impact assessment (EIA) review and additional environmental studies between June and August. It will move to well drilling and pumping tests in September and December. It intends to have the final hydrogeological assessment and final EIA done between January and March 2026. 'At the end of the EIA review process, the goal is to receive approval for those wells so the town can proceed into the next phase,' she said. 'Funding approvals and hopefully a design and construction project.' Mayor John Craig, who also lives in Blacks Harbour, said every member of the council is dedicated to solving this problem for the residents and business owners in those communities. 'Everybody at this table realizes how important this is,' he said. 'What is good for Blacks Harbour is good for all of Eastern Charlotte.'
Associated Press
21 hours ago
- Business
- Associated Press
Aclara Submits EIA and Provides Update for Its Carina Project in Brazil
TORONTO, ON / ACCESS Newswire / May 29, 2025 / Aclara Resources Inc. ('Aclara' or 'Company') (TSX:ARA) is pleased to announce that it has submitted an application for the Environmental Impact Assessment (the 'EIA' or 'Previous License', as it is commonly known in Brazil) for its Carina Project with the Secretariat of the Environment and Sustainable Development ('SEMAD') in the State of Goiás, Brazil. The submission, consistent with the Carina Project's schedule and prior announcements, marks a key step towards the Company achieving commercial production of rare earths in 2028. We understand that Aclara's EIA represents the first 'Category Six' (highest complexity) application submitted by a company under SEMAD's new and innovative environmental licensing system, known as the IPE system. The EIA currently meets all established requirements of the IPE system, however, as the IPE system continues to evolve, additional submissions may be required from the Company to align with future procedural and formatting updates to be implemented by SEMAD. The Company expects that any such additional submission(s) will not be substantive in nature, nor should such submission(s) impact the Company's target of receiving approval for the EIA during Q4 2025. As previously disclosed in the Company's technical report titled 'Preliminary Economic Assessment Update - Carina Rare Earth Element Project - Nova Roma, Goiás, Brazil' dated September 5, 2024, the Carina Project is projected to attain an average annual production of 191 tonnes of Dysprosium (Dy) and Terbium (Tb), representing approximately 13% of China's 2023 official Dy and Tb production, which could address approximately 50% of the U.S. automotive industry demand by 2030. In addition, the Carina Project is expected to have an average annual production of 1,350 tonnes of Neodymium and Praseodymium, as well as other rare earths, including Samarium, Gadolinium, Lutetium and Yttrium, among others. The projected life-of-mine for the Carina Project is 22 years. Aclara's recently inaugurated semi-industrial pilot plant in Aparecida de Goiania in the State of Goiás continues to operate and receive visits by various Brazilian and foreign stakeholders. The new pilot plant showcases Aclara's proprietary Circular Mineral Harvesting technology, an innovative and sustainable production process that will be implemented in the Carina Project. The pilot plant also incorporates several process optimizations designed to enhance efficiency, lower operating costs, and improve the purity of the final product. In parallel, Aclara continues to advance and is on track to complete its Pre-Feasibility Study and Feasibility Study for the Carina Project in Q3 2025 and Q1 2026, respectively. Jose Augusto Palma, Aclara's Executive Vice President, commented: 'The submission of the Carina Project EIA application constitutes a significant milestone for Aclara, which culminates months of hard work by our team in Brazil to fast track the Carina Project, in line with the shared commitment, expressed in the Memorandum of Understanding signed with the State of Goiás in August 2024, to accelerate the permitting process and implementation of the Carina Project. We take great pride in the work accomplished to date and we very much look forward to continuing to work with the Municipality of Nova Roma and the State of Goiás to make the Carina Project a catalyst of socio-economic development for the region. Our goal is to have the Carina Project operational by the end of 2028 to produce, with the highest environmental and social standards, the critical minerals required for the world's energy transition, robotics and other high-tech applications. We extend our gratitude to our team in Brazil, the municipal authorities of Nova Roma, state authorities, and the Governor of Goiás for their continuous support.' About Aclara's Circular Mineral Harvesting Process Aclara's patented rare earth extraction process - Circular Mineral Harvesting - offers several environmentally attractive features. It does not involve the use of explosives and does not require crushing or milling (thus minimizing the use of energy as well as its carbon emissions and footprint). The close-circuit process developed by the Company works to minimize water consumption through high levels of water recirculation and does not generate liquid residues, therefore avoiding the need for a tailings dam. The ionic clay feedstock is amenable to an ion-absorption process, which uses a common fertilizer, ammonium sulfate, as its main reagent. Finally, our intention is to fully revegetate the areas impacted by our extraction process. Qualified Person The technical information in this press release has been reviewed and approved by Mr. Jorge Frutuoso, Fellow of the Australian Institute of Geoscientists (FAIG #8100), Geology Manager of Aclara, who is a Qualified Person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. About Aclara Aclara Resources Inc. (TSX:ARA), a Toronto Stock Exchange listed company, is focused on building a vertically integrated supply chain for rare earths alloys used in permanent magnets. This strategy is supported by Aclara's development of rare earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the Company with a long-term, reliable source of these critical materials. The Company's rare earth mineral resource development projects include the Carina Project in the State of Goiás, Brazil as its flagship project and the Penco Module in the Biobío Region of Chile. Both projects feature Aclara's patented technology named Circular Mineral Harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The Circular Mineral Harvesting process has been designed to minimize the water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly owned subsidiary, Aclara Technologies Inc., the Company is further enhancing its product value by developing a rare earths separation plant in the United States. This facility will process mixed rare earth carbonates sourced from Aclara's mineral resource projects, separating them into pure individual rare earth oxides. Additionally, Aclara, through a joint venture with CAP S.A, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP S.A.'s extensive expertise in metal refining and special ferro-alloyed steels. Beyond the Carina Project and the Penco Module, Aclara is committed to expanding its mineral resource portfolio by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil, Chile, and other jurisdictions, aiming to increase future production of heavy rare earths. Forward-Looking Statements Forward-Looking Statements This news release contains 'forward-looking information' within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements with regard to: mineral continuity, grade, methodology, development timeline, production timing and upside at the Carina Project and the permitting process of the Carina Project, including the expected timing of approval of the EIA, Pre-Feasibility Study and Feasibility Study. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to risks related to operating in a foreign jurisdiction, including political and economic risks in Chile and Brazil; risks related to changes to mining laws and regulations and the termination or non-renewal of mining rights by governmental authorities; risks related to failure to comply with the law or obtain necessary permits and licenses or renew them; cost of compliance with applicable environmental regulations; actual production, capital and operating costs may be different than those anticipated; the Company may be not able to successfully complete the development, construction and startup of mines and new development projects; risks related to fluctuation in commodity prices; risks related to mining operations; and dependence on the Carina Project and/or the Penco Module. Aclara cautions that the foregoing list of factors is not exhaustive. For a detailed discussion of the foregoing factors, among others, please refer to the risk factors discussed under 'Risk Factors' in the Company's annual information form dated as of March 20, 2025, filed on the Company's SEDAR+ profile. Actual results and timing could differ materially from those projected herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. For further information, please contact: Ramón Barúa Costa Chief Executive Officer [email protected] SOURCE: Aclara Resources Inc. press release
