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HomeFinance

Finance

Crude Oil News

U.S. oil companies spent less on interest over the last decade despite higher rates

April 30, 2025 Stu Turley

ENB Pub Note: This article from the EIA highlights significant challenges that the United States’ oil and gas companies face. However, what the world is facing is a lack of investment in oil and gas, […]

GDP
Finance

GDP Whacked by Massive Spike in Imports on Frontrunning of Tariffs. Consumer Spending Grew, Business Investment Soared

April 30, 2025 Stu Turley

“Final sales to private domestic purchasers” jumped by 3.0%, on strength in the private economy of businesses and consumers. By Wolf Richter for WOLF STREET. A massive spike in imports, by far the worst ever, on tariff-frontrunning subtracted […]

TotalEnergies
Big Oil Companies

TotalEnergies quarterly LNG earnings up, sales down

April 30, 2025 Mariel Alumit

During the first quarter, TotalEnergies sold 10.6 million tonnes of LNG, down percent compared to 10.7 million tonnes in the same period last year, and down 2 percent compared to 10.8 million tonnes in the prior […]

Big Oil Companies

How China’s Grip Is Changing the Game!

April 30, 2025 Andy Del Prado

Daily Standup Top Stories Dutch government scales back offshore wind to preserve fisheries April 29, 2025 Mariel Alumit ENB Pub Note: Focusing on Fishing rather than offshore wind is a good thing. The country is realizing […]

Big Oil Companies

BP’s profit down in Q1

April 29, 2025 Mariel Alumit

BP said on Tuesday its underlying replacement cost profit reached $1.38 billion. This compares to $2.72 billion in the first quarter of 2024 and $1.17 billion in the prior quarter. Compared with the prior quarter, […]

Earnings

Nakilat’s Q1 profit up 3.2 percent

April 29, 2025 Mariel Alumit

The firm reported a net profit of about 433 million riyals ($118.8 million) for the first quarter of 2025, ended March 31. This compares to about 420 million riyals in the first quarter of 2024. […]

Layoffs and discharges
Finance

Despite All Moaning and Groaning: Layoffs & Discharges Plunge, Hires and Voluntary Quits Rise, Driven by Private Sector Strength

April 29, 2025 Mariel Alumit

The labor market started regaining momentum in the fall of 2024, and it continued through March. By Wolf Richter for WOLF STREET. Layoffs and discharges plunged by 222,000 workers in March from February, seasonally adjusted, to 1.56 million […]

Big Oil Companies

Study Blames Oil Companies For Trillions In Damages To Bolster Climate Lawsuits

April 29, 2025 Stu Turley

ENB Pub Note: The only winners in this Lawfare are the attorneys and the consumers, “who will get it in the drive-through”, to use the Joe Pesci phrase from Lethal Weapon.  Dartmouth study claims fossil […]

ENB Pub Note

Yangzijiang Financial to spin off shipping investment business

April 29, 2025 Mariel Alumit

ENB Pub Note: Make no mistake, even though the shipyard is spun off, the CCP still remains in control. We can see that through the ports of entry control in Panama.  Yangzijiang Financial Holding has […]

Gold
Finance

How Gold Imports Blew up Atlanta Fed GDPNow: The Old Model is Dead, Long Live the “New GDPNow Model” Starting Apr 30

April 28, 2025 Stu Turley

The Atlanta Fed’s GDPNow could be all over the place, but nothing compares to how gold imports blew it up this time. By Wolf Richter for WOLF STREET. The U.S. Bureau of Economic Analysis (BEA) will release its […]

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