Extend and pretend kicks into high gear. For example, the $975 million mortgage on a San Francisco office tower. By Wolf Richter for WOLF STREET. The portion of the $4.7 trillion in US commercial real estate debt that […]
Diamondback Energy Inc. and Endeavor Energy Resources LP on Monday confirmed reports they’re combining in a deal valued at about $26 billion including debt, that marks the latest big oil merger. Under the terms of […]
Adnoc’s gas and LNG unit, Adnoc Gas, reported higher income and revenue in the fourth quarter of 2023 due to higher volumes and prices. UAE’s Adnoc Gas reported revenue of $6.3 billion in the fourth […]
Feb 11 (Reuters) – U.S. shale oil rivals Diamondback Energy (FANG.O), opens new tab and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas company valued […]
GasMiddle East Nakilat Qatari gas shipping giant Nakilat has been selected by QatarEnergy to own and operate up to 25 vessels as part of the Middle Eastern country’s second phase of a massive LNG shipbuilding […]
Major economies that fail to address their mounting debt issues will die a “fiscal death,” the head of investment and wealth advisory Laffer Tengler Investments, Arthur Laffer, has warned. In an interview with CNBC this […]
Amid the flickering of flares and torches, many of the 1,600 people losing their jobs stood stone-faced as the glowing metal of the plant’s last product — a steel pipe — was smoothed to […]
The biggest export group — crude oil, petroleum products, natural gas, petrochemicals — retraced part of the 50% spike as prices dropped. By Wolf Richter for WOLF STREET. The huge US trade deficit improved – or got less […]
Credit cards are the dominant payment method, from reimbursed business travel to ecommerce and bar tabs. And some people use them to borrow. By Wolf Richter for WOLF STREET. Credit cards are a measure of spending, not a […]
Liabilities held by the public could exceed the country’s annual output as early as next year, according to the Congressional Budget Office US debt held by the public is expected to hit an all-time high […]
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