During President Donald Trump’s Gulf tour from May 13-16, 2025, the United States secured significant energy and technology agreements with Saudi Arabia, Qatar, and the United Arab Emirates (UAE), with a combined value exceeding $2 […]
The Trans Mountain Pipeline Expansion (TMX), operational since May 2024, has reshaped Canada’s oil market and export landscape by increasing the pipeline’s capacity from 300,000 barrels per day (bpd) to 890,000 bpd, facilitating greater access […]
The potential revival of the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), and the lifting of sanctions on Iran’s oil and gas exports would likely significantly impact global oil […]
US government kisses its last triple-A credit rating goodbye. Downgrade to “junk” would have been more appropriate? By Wolf Richter for WOLF STREET. The US government lost its last remaining triple-A credit rating late Friday, as Moody’s finally, […]
Something rare occurred: Auto loan balances fell despite highest new & used vehicle sales in years. More people paid cash to dodge interest rates? By Wolf Richter for WOLF STREET. Total balances of auto loans and leases for new […]
“Spark30S (Atlantic) freight rates dropped $6,500 to $32,500 per day this week, the largest week-on-week drop since January,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates continue to remain relatively flat […]
ENB Pub Note: The following story from Splash24/7 makes a great point about replacing the Chinese cranes in our shipping yards with new equipment. This would be a great offset for trade imbalances and get […]
The Digital Container Shipping Association (DCSA) has provided details of the world’s first successful standards-based, interoperable electronic bill of lading (eBL) transaction, something the organisation claims marks a “significant advancement toward secure, scalable, and truly […]
But some metros hit all-time highs. By Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Halifax, Edmonton, Quebec City, Winnipeg. By Wolf Richter for WOLF STREET. Demand in Canada’s spring selling season has sunk into a morass, with sales […]
Our Drunken Sailors may be in a crappy mood, but that doesn’t stop them. By Wolf Richter for WOLF STREET. The big thing – from a data-geek point of view – in today’s retail sales report by the […]
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