In light of this scenario, the Fed has been backpedaling on rate-cut expectations for two months. By Wolf Richter for WOLF STREET. October’s majestic jump in job openings was revised even higher, and in November, job openings jumped […]
Phillips 66 has signed a deal to acquire EPIC Y-Grade GP LLC and EPIC Y-Grade LP for $2.2 billion, expanding its midstream footprint in the Permian Basin. The two, part of EPIC Consolidated Operations LLC, […]
Indonesia has become a full-fledged member of the group, the its current rotating chair country, Brazil, has announced Indonesia has formally joined BRICS as a full member, Brazil, which currently holds the group’s rotating presidency, […]
Daily Standup Top Stories Politics Biden bans new offshore oil and gas drilling in most U.S. coastal waters January 6, 2025 Mariel Alumit We talked about this on our Daily Stand Up (https://energynewsbeat.co/biden-eyes-drilling-ban/) and no less […]
Too little too late to help the yen that got mauled by 10 years of rampant QE. By Wolf Richter for WOLF STREET. The Bank of Japan had announced at its meeting on July 31, 2024, that it would […]
Germany’s inflation rate rose by more than expected in December, preliminary data released on Monday showed, deepening the country’s economic crisis ahead of snap federal elections next month. The headline inflation rate increased to […]
If the rate of decline over the past 10 years continues, the dollar’s share will sink below 50% by 2034. By Wolf Richter for WOLF STREET. The US dollar lost further ground as global reserve currency among many […]
The cost of energy is rising for UK households, with regulator Ofgem increasing the limit on how much it allows suppliers to charge. High energy prices were a big talking point during the 2024 UK […]
Trump faces monumental fiscal challenges, aiming to cut deficits, boost GDP, and expand oil production amid rising debt and high energy costs. The resounding win by Trump and the Republicans in November signaled that the […]
The EU’s largest economy is expected to shrink for a third consecutive year in 2025, marking the longest downturn since WWII The German economy is on course for its longest post-war recession, with a third […]
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