South Korea has sanctioned a Hong Kong shipping firm, HK Yilin Shipping, and a North Korean vessel over allegations of the illegal transfer of North Korean coal. Yilin Shipping’s 6,700 dwt general cargo vessel De […]
New data from Vortexa shows VLCC utilisation for OPEC+ – excluding Iran and Venezuela – fell sharply during June and reached a record low earlier this month, as exports from the group, especially Saudi Arabia, […]
Daily Standup Top Stories Ex-Biden Lackey Tells CNBC: To Fix Inflation, Ditch Fossil Fuels And Boost Green Spending July 17, 2024 Andy Del Prado A former Biden official promoted spending billions more dollars on green energy […]
Nvidia, after gaining $2.1 trillion YTD through July 10, gave up $418 billion or 12.6% since. Meta -13.6% in 5 days. Tesla should be kicked out of the Mag 7. By Wolf Richter for WOLF STREET. These numbers […]
A trend we watch: As refis rose from collapsed levels, the Fed’s QT of MBS increased for the fourth month in a row. By Wolf Richter for WOLF STREET. The average conforming 30-year fixed mortgage rate during the latest […]
Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 4.9 million barrels for the week to July 12. This was on top of the draw of 3.4 million barrels for the previous […]
Alongside surging production, Canada’s oil and gas exports jumped in the period 2002 to 2022. Canada saw a record-high oil production in 2023 amid expanding oil sands output. Combined, crude oil, NGLs, and natural gas […]
Elon Musk has seemingly confirmed Tesla’s Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. Bloomberg reported last week that the event had been delayed from August 8 to October. […]
Exempting agriculture from net-zero climate plans, stronger support for farmers and the demand for simpler rules for national administrations are among the key requests emerging from a debate held in the Council on Monday […]
The Belgian and Czech delegations of the hard-right ECR group have expressed their will to vote for Ursula von der Leyen for a second term while Giorgia Meloni’s Fratelli d’Italia praised the centre-right politician […]
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