Gold extended its rally to a new record high and is now closing in on the $2,200/ounce level after a key US jobs report bolstered expectations that the Federal Reserve will soon cut interest […]
In 2023, gasoline consumption was where it had been 20 years ago, even as miles driven eked out a record, on more efficient ICE vehicles and the shift to EVs. By Wolf Richter for WOLF STREET. Gasoline consumption […]
CNOOC The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional year putting 42,000 jobs in jeopardy. The 35% surcharge on profits due to high […]
Daily Standup Top Stories Biden’s scaled-back power rule raises doubts over US climate target March 6, 2024 Stu Turley March 5 (Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas […]
The headlines about massive layoff announcements had their intended psychological effect on workers. By Wolf Richter for WOLF STREET. The data has been pointing in the same direction for months: Employees have gotten more worried about their jobs […]
Key Takeaways BlackRock and Morgan Stanley agreed to buy TC Energy’s Portland Natural Gas Transmission System in a deal worth $1.14 billion. The move comes not long after BlackRock agreed to buy Global Infrastructure Partners […]
The West African nation’s authorities are investigating Binance and others for alleged terrorism financing and money laundering Major global cryptocurrency exchange Binance has announced that it will halt all transactions and trading in Nigeria’s […]
US LNG exporting giant Cheniere has priced its $1.5 billion offering of senior notes due 2034. Cheniere said in a statement the 2034 notes will bear interest at a rate of 5.650 percent per annum. […]
If it’s unleashed at the “first hint” of a rate cut, it “would create upward pressure on prices.” But it may be too late, it has been unleashed by rate-cut mania. By Wolf Richter for WOLF STREET. Atlanta Fed […]
South Korean shipbuilder Hanwha Ocean, previously known as DSME, has signed a memorandum of agreement to build 12 liquefied natural gas (LNG) carriers as part of QatarEnergy’s massive shipbuilding program. Hanwha Ocean said in a […]
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