The African nation aims to make a new gold-backed currency the sole legal tender ahead of a 2030 timeline Zimbabwe’s government has approved a roadmap to transition from using US dollars to the gold-backed […]
Cheniere’s Sabine Pass facility in Louisiana currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022, while Cheniere’s three-train Corpus Christi plant in Texas can produce about 15 mtpa […]
The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, the total capacity of these 25 LNG vessels is 94 Bcf. This compares to 24 shipments and 90 Bcf in the week […]
Last week, Pacific rates experienced a $2,500 increase and Atlantic rates decreased. “Spark30s Atlantic rates experienced a week-on-week increase for the first time in a month, rising by $1,500 to $75,250 per day,” Qasim Afghan, Spark’s commercial analyst […]
If mad scientists went to a secret lab to create a climate clone of Kamala Harris on energy policy, they’d end up with Tim Walz. If mad scientists went to a secret lab to create […]
Thanks to green energy, residential electricity rates in California cost more than it does in every other state except Hawaii. California’s electricity prices are surging, burdening residents with bills that in some cases exceed the […]
As the Middle East braces for further escalation, what are Tehran’s options? All of the Middle East can agree on one thing right now: Something big is coming. Airlines are canceling flights to major cities […]
An obscure strategy wreaked short-lived havoc. The global mini-crash on Monday, when stocks dived before largely recovering, can’t be pinned down to one cause alone. But one serious culprit was a long-standing foreign exchange strategy […]
Delta Blue, a suezmax belonging to Greece’s Delta Tankers, has been attacked four times in the space of 24 hours by the Houthis. While the Houthis have targeted more than 120 ships in their 10-month […]
Delinquency rates unchanged, more buyers paid cash to dodge interest rates, prime is pristine, subprime (14% of originations) is (always) in trouble. By Wolf Richter for WOLF STREET. About 80% of new vehicles purchased in the US in […]
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