On a return to Shanghai, our columnist detects worries about the future—but also a steely determination that the country’s sheer size will see it advance in key areas. I felt a sense of relief last […]
In our latest Short-Term Energy Outlook, we forecast that U.S. working natural gas inventories will be 3,954 billion cubic feet (Bcf) by the end of October, the most natural gas in U.S. storage since November 2016. […]
In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d), approaching the monthly record set in May 2023. Most of the imports (94%) were destined for the U.S. West Coast, […]
A ruling by the D.C. Circuit Court has revoked NextDecade’s permit issued by the Federal Energy Regulatory Commission (FERC) for its Rio Grande LNG export terminal in Texas. In a case put in front of […]
Malta has emerged as the top European destination for ship-to-ship (STS) transfers of Russian oil in the wake of the Greek navy’s decision to deter such activities in the Laconian Gulf. Since May 1, citing […]
Daily Standup Top Stories Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 August 6, 2024 Mariel Alumit Saudi Aramco’s CEO has forecast a strong increase in global oil demand […]
Just as Chevron Oil company announced that it is moving its headquarters to Houston Texas from San Ramon California, California Energy Commission regulators announced proposed government controls of the petroleum industry, ostensibly in order to combat future […]
Total debt rose over the years as a larger population financed more costly collateral. But income rose too. By Wolf Richter for WOLF STREET. Total household debt outstanding in Q2 ticked up by $109 billion, or by 0.6%, […]
A major solar company has just filed for bankruptcy as its business model is no longer viable in America’s current climate. SunPower announced that it filed for Chapter 11 bankruptcy on Monday. SunPower filed for bankruptcy in […]
By Wolf Richter for WOLF STREET. ON RRPs, or Overnight Reverse Repurchase agreements, on the Fed’s balance sheet fell to $292 billion today, the lowest since May 2021, down by over $2 trillion from the $2.3 trillion range […]
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