Thai shrimp farmers have warned they face being driven out of business after Malaysia banned imports of five shrimp species over apparent safety concerns, as the industry also grapples with disease outbreaks, rising competition and renewed US tariff threats. Malaysia issued a temporary ban on June 1, also tightening import requirements for Thai sea bass. The move was a gut punch for Thailand’s sea...
Thai shrimp farmers have warned they face being driven out of business after Malaysia banned imports of five shrimp species over apparent safety concerns, as the industry also grapples with disease outbreaks, rising competition and renewed US tariff threats. Malaysia issued a temporary ban on June 1, also tightening import requirements for Thai sea bass. The move was a gut punch for Thailand’s seafood industry, which exports 10,000 tonnes of shrimp across its southern border each year. Bangkok...
Elon Musk’s xAI has brought over an executive from SpaceX’s ( SPCX ) Starlink satellite-internet service to run the team that trains its Grok chatbot, replacing college-aged engineer Diego Pasini, according to an internal note seen by Bloomberg News. Jack Garabedian, a Starlink engineer who’s been with SpaceX since 2021, will be taking over the human data team at xAI — which includes hundreds of e...
Elon Musk’s xAI has brought over an executive from SpaceX’s ( SPCX ) Starlink satellite-internet service to run the team that trains its Grok chatbot, replacing college-aged engineer Diego Pasini, according to an internal note seen by Bloomberg News. Jack Garabedian, a Starlink engineer who’s been with SpaceX since 2021, will be taking over the human data team at xAI — which includes hundreds of experts that train Grok on a variety of subjects from finance to science — the Monday note said. According to a report earlier this month, Musk’s xAI paused hiring for professionals to train its Grok chatbot on a range of specialized skills, marking a potential shift in how the artificial intelligence firm develops its technology. More on xAI, SpaceX The SpaceX IPO: All Systems Go, Ready For Blast Off? Wall Street Brunch: SpaceX IPO, WWDC And CPI Revisiting The SpaceX Valuation: A Post-Prospectus Update OpenAI confidentially files draft IPO to SEC one week after Anthropic SpaceX IPO ties investors more closely to Elon Musk’s expanding AI empire
Cardinal Energy ( CRLFF ) declares CAD 0.06/share monthly dividend , in line with previous. Payable July 15; for shareholders of record June 30; ex-div June 30. See CRLFF Dividend Scorecard, Yield Chart, & Dividend Growth. More on Cardinal Energy Cardinal Energy: Robust Fundamentals, Growth Prospects, Valuation Confirm A Buy Cardinal Energy: Gearing Up For A Strong 2026, Even At $75 Oil Cardinal E...
Cardinal Energy ( CRLFF ) declares CAD 0.06/share monthly dividend , in line with previous. Payable July 15; for shareholders of record June 30; ex-div June 30. See CRLFF Dividend Scorecard, Yield Chart, & Dividend Growth. More on Cardinal Energy Cardinal Energy: Robust Fundamentals, Growth Prospects, Valuation Confirm A Buy Cardinal Energy: Gearing Up For A Strong 2026, Even At $75 Oil Cardinal Energy GAAP EPS of -$0.18, revenue of $129.5M Historical earnings data for Cardinal Energy Dividend scorecard for Cardinal Energy
China’s buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels. Crude imports fell to around 33 million tons in May, according to customs data , equating to 7.8 million barrels a day, the lowest since October 2017. The country imported an average of around 11.6 million barrels a da...
China’s buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels. Crude imports fell to around 33 million tons in May, according to customs data , equating to 7.8 million barrels a day, the lowest since October 2017. The country imported an average of around 11.6 million barrels a day over 2025. The world’s biggest crude importer has leaned on export curbs, refinery run cuts and drawdowns from its massive inventories to cope with the impact of the loss of most Persian Gulf barrels. This has helped ease pressure on global prices, with analysts estimating China’s imports could remain subdued for months to come . While China has continued adding to its strategic petroleum reserves during the war, processors have increasingly relied on refinery-held inventories rather than fresh imports, according to Kpler. State-owned refiners have cut processing rates to record lows, while fuel exports remain constrained under wartime measures aimed at preserving domestic supply. Gasoline and diesel sales both posted double-digit declines in April as higher crude prices and slowing demand from China’s increasingly electrified vehicle fleet weighed on consumption. Read More: China Crude Buying Seen Languishing for Months as Demand Tumbles Chinese imports of Iranian crude — a key feedstock for the country’s independent refiners — have also fallen as deteriorating margins, tighter US sanctions and Washington’s blockade of the Islamic Republic’s ports curb flows. Refining margins have narrowed since late April as processors exhausted cheaper feedstocks purchased before the war, according to industry consultant JLC. Product exports picked up slightly to 3.37 million tons last month, but remain at a multiyear low.
Chinese aluminum exports surged in May, helping fill a global shortage caused by war in the Middle East. Crude oil imports continued to slump, dropping to an eight-year low, as the conflict chokes shipments from major producers. Outbound cargoes of aluminum climbed 16% from the previous year to 630,000 tons, according to customs data on Tuesday. Smelters in the world’s biggest producer have maximi...
Chinese aluminum exports surged in May, helping fill a global shortage caused by war in the Middle East. Crude oil imports continued to slump, dropping to an eight-year low, as the conflict chokes shipments from major producers. Outbound cargoes of aluminum climbed 16% from the previous year to 630,000 tons, according to customs data on Tuesday. Smelters in the world’s biggest producer have maximized output to capture more international sales, after the war halted supplies from a key producing region and rallied prices. The damage to export facilities and severe constraints on vessels in the Persian Gulf continued to curb oil and gas purchases from the region. China’s total crude imports plunged 29% to 33.1 million tons, the lowest since February 2018, while gas imports were flat at 10.1 million tons. Oil refiners are cutting fuel output rather than jostle for alternative sources of crude, a sign of dwindling long-term demand . Product exports fell 24% in May to 3.37 million tons, although the figure was slightly higher than April after China allowed some shipments to relieve shortages in nearby countries. Chinese buyers of liquefied natural gas, however, are tapping other suppliers to make up for lost deliveries from Qatar, pressured by the onset of peak summer demand. Read More: China’s May Trade in Key Commodities (Table) Purchases of coal, which competes with gas, remained subdued, dropping 7.7% to 33.3 million tons. China’s vast reserves have capped demand for pricier imports, although the impact on production from the Shanxi coal disaster could change that calculation in coming months. The Strait of Hormuz is also a chokepoint for global fertilizer shipments. To conserve domestic supplies, China has responded by tightening controls over its exports, which fell 5.5% to 2.97 million tons. Steel exports also moderated by 2.2% to 10.3 million tons as the war’s inflationary pressures have made overseas buyers more cautious, according to Mysteel. Among commodities i...