With the leaders of G7 nations meeting in Italy this week, a further coordinated series of sanctions against Russia have been making headlines in recent days with plenty linked to shipping. Nearly 850 days since […]
The liquidity drain of Quantitative Tightening has come entirely from ON RRPs. Reserves have lots of liquidity left to drain. By Wolf Richter for WOLF STREET. Total liabilities on the Fed’s balance sheet have dropped by $1.71 trillion […]
A new Citi Research report from a team led by Arkady Gevorkyan looks at trends in nuclear energy and how the next decade looms as a pivotal point for global growth. Nuclear energy, one the […]
StanChart has forecast 1.68 mb/d growth in 2024 and 1.41 mb/d in 2025. StanChart has reiterated its previous assessment that not only can the markets absorb the extra barrels by OPEC+ producers but that a […]
Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1 million to sell EVs. The “EV-certified” program was announced in September 2022 by Ford CEO Jim Farley amid […]
India plans to increase its domestic coal production and reduce imports. India is currently the world’s second-largest consumer of coal. Amid a heatwave and reduced hydropower generation, India boosted its coal consumption to a record […]
Africa’s top lender, Standard Bank, expects to help fund part of the planned $5-billion East Africa Crude Oil Pipeline (EACOP), a controversial project that has had environmental campaigners call on banks to abandon financing for […]
California lawmakers rejected Gov. Gavin Newsom’s bid to include another $400 million for Pacific Gas & Electric Company in the state budget, in a political standoff that began in 2022 with a bargain to keep the Diablo Canyon Power Plant […]
Every first Friday of this year (here, here and here) we have spent hours deconstructing the glaring propaganda peddled by Biden’s Labor Department, meant to show just one thing – how “strong” the economy is under the current […]
A Greek-owned bulker was hit by multiple attacks by the Houthi while sailing south in the Red Sea bound for India earlier today. The vessel is reporting that it is “not under command,” awaiting assistance […]
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