Finance
The Fed Needs to Watch Out: Amid Strong Demand from our Drunken Sailors, Retail Sales Surged in Late 2024 and Inflation Caught its Second Wind
More consumers, more workers, more jobs, more money. GDPNow jumps upon these retail sales.
Finance
Climate Crisis
Treasury Pick Scott Bessent Destroys Dems’ Anti-Fossil-Fuel Agenda At Hearing
Trump’s Treasury nominee Scott Bessent dismantled the Democrats’ talking points against fossil fuels, noting China was in an ‘energy race’ and winning. A confirmation hearing exchange between Sen. Ron Wyden (D-OR) and Treasury Secretary Nominee […]
Earnings
TotalEnergies says Q4 LNG results to benefit from higher production
“Integrated LNG results are expected to benefit from a 6 percent increase in production, LNG realizations above $10/MMBtu and stronger gas trading that is back to the performance of the fourth quarter 2023,” TotalEnergies said […]
Finance
Novatek’s gas sales drop in 2024
Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in 2024. This compares to 78.63 bcm in 2023, which makes a rise of 2.7 percent year-on-year. […]
Crude Oil News
World oil prices surge on latest Russia sanctions
The International Energy Agency had earlier warned that US restrictions could disrupt global supply chains Global oil prices soared on Wednesday after the US announced a new sanctions package targeting the Russian oil sector. The […]
Big Oil Companies
EU-China Tensions
Daily Standup Top Stories Germany on course for longest post-war recession – data January 15, 2025 Mariel Alumit GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The […]
Finance
The Most Splendid Housing Bubbles in Canada, Dec. 2024 by Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Quebec City, Halifax, Edmonton, Winnipeg
Toronto single-family -19% from Feb 2022 peak, condos hit 3-year low. Vancouver eases further. Calgary condos sag. New highs in some markets.
Finance
Beneath the Skin of CPI Inflation: YoY CPI +2.9%, Worst since July, MoM CPI +0.39% (+4.8% Annualized), Worst since February. Core CPI Stuck for 7th Month at 3.1%-3.3%
Categories that helped power the cooling of CPI are U-Turning – used & new vehicles, food, energy – just as housing seems to be coming in line.
Finance
Germany on course for longest post-war recession – data
GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The German economy contracted for a second straight year in 2024 for the first time in more than […]
Crude Oil News
Oil Rises as Crude Inventories Continue to Draw
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year. The change estimated by the EIA compared with a modest draw of […]