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Home2024October

Month: October 2024

BlackRock
BRICS

BRICS: BlackRock Secretly Prepares for US Dollar Collapse

October 1, 2024 Stu Turley

With the BRICS bloc actively seeking the demise of the US dollar, one trillion dollar asset manager in the US is secretly preparing for the greenback’s collapse. Indeed, BlackRock may be looking to protect itself and its […]

Crude Oil News

Oil Prices Spike As Iran Sends Volley of 100+ Ballistic Missiles Into Israel

October 1, 2024 Stu Turley

Iran has fired more than 100 ballistic missiles into Israel, according to the latest reports, after the United States warned Israel this morning that an attack was imminent. Israel had time to move its cabinet […]

Employers
Finance

Balance of Power Changed, Employers Re-exert Control, but also Cling to their Workers

October 1, 2024 Stu Turley

Fewer workers quit (rattled by layoff headlines?), so fewer vacant slots to fill and less hiring. But actual layoffs are at historic lows. By Wolf Richter for WOLF STREET. Powell talks a lot about the balance in the […]

Iran
Crude Oil News

Iran Missile Launch Rumors Fire Up Oil Prices

October 1, 2024 Mariel Alumit

WTI jumped 3% on Tuesday morning after U.S. intelligence suggests that an Iranian missile strike is imminent. The potential for an armed conflict between Iran and Israel has triggered concerns about the stability of oil […]

Crude Oil News

Saudi Strategic Shift Raises Specter Of Another Oil Bust

October 1, 2024 Stu Turley

Russia’s Energy Minister Alexander Novak (L) and his counterparts from Saudi Arabia Prince Abdulaziz … [+] AFP via Getty Images After several years of relative stability in global crude oil markets, speculation is rising that strategic shifts […]

strike
Finance

U.S. Port Strike Could Trigger New Wave of Inflation

October 1, 2024 Mariel Alumit

Over 45,000 dockworkers from the International Longshoremen’s Association (ILA) are on strike, impacting 36 ports across the Gulf and East Coast. The strike is driven by disputes over wages and automation, with the union demanding […]

Air Products
LNG

Honeywell wraps up $1.81 billion acquisition of Air Products’ LNG business

October 1, 2024 Stu Turley

In July, the two firms revealed the all-cash transaction. Air Products announced the completion of the deal in a statement on Monday, saying that closing conditions for the transaction have been fully met and regulatory […]

McDermott
LNG

McDermott, partners bag Rovuma LNG FEED contract

October 1, 2024 Stu Turley

McDermott released a statement on Tuesday revealing the FEED award for the Rovuma LNG Phase 1 project, a joint venture between ExxonMobil, Eni, and CNPC. Last week, France’s Technip Energies and Japan’s JGC also announced […]

Altamira
LNG

NFE ships first full Altamira LNG cargo to Europe

October 1, 2024 Stu Turley

“NFE’s FLNG asset has achieved first full cargo and sail away, with its first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe,” NFE said on Monday. The Wes Edens-led […]

Chevron
Big Oil Companies

FTC bars Hess CEO from joining Chevron board following $53 billion deal on OPEC collusion accusations

October 1, 2024 Mariel Alumit

(Bloomberg) – U.S. regulators will allow Chevron to move forward with its $53 billion acquisition of Hess but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with […]

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