Energy bills for New Jersey residents have doubled with widespread calls to hold the state utility commission, the governor and green energy supporters accountable. After a surge in home energy bills that left many New […]
ExxonMobil issues a report that anticipated oil demand reaching a ‘plateau’ in 2030 and remaining fairly stable for the next 20 years. ExxonMobil produced a report on Monday that anticipated oil demand reaching a “plateau” […]
Climate czar John Podesta is set to meet with Chinese Communist Party officials to expand US-China collaboration on climate change. White House senior adviser John Podesta is set to meet with Chinese Communist Party (CCP) […]
Weekly Daily Standup Top Stories Is China’s Demand for Oil Nearing Its Peak? August 25, 2024 Stu Turley China’s oil imports in July were down 12% from June and 3% from July 2023, raising concerns about […]
London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight […]
Inflation-adjusted consumer spending jumped. They splurged on durable goods. And still saved some. In response, the Atlanta Fed’s GDPNow jumped. By Wolf Richter for WOLF STREET. Consumer spending, adjusted for inflation, rose by 0.39% in July from June. Spending growth […]
Though it seems like a very new technology, the American auto market is acclimating to fully electric vehicles. According to data from Kelley Blue Book and Cox Automotive, over 330,463 EVs were sold in the second […]
Month-to-month, core services inflation jumped while durable goods deflation deepened, and so core PCE price index hits Fed’s target. By Wolf Richter for WOLF STREET. The “Core” PCE price index, the Fed’s primary yardstick for its 2% inflation target, […]
Uncertainty continues to dominate oil markets, although demand concerns appear to be overcoming supply shocks to push oil prices toward a monthly loss. Friday, August 30th, 2024 It’s been a volatile week for oil markets, […]
OPEC+ will likely begin unwinding its production cuts in October, six OPEC+ sources told Reuters on Friday. If OPEC+ does decide to start the process of ramping up production in October, it will be largely […]
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