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Home2024November

Month: November 2024

CMBS
Finance

Office CMBS Delinquency Rate Spikes to 10.4%, Just Below Worst of Financial Crisis Meltdown. Fastest 2-Year Spike Ever

November 30, 2024

Office-to-residential conversions are growing, but are minuscule because not many towers are suitable for conversion.

Texas
Crude Oil News

Texas Oil Town Odessa Now Among USA Cities With Highest Wages

November 30, 2024 Clark Savage

Texas oil town Odessa and Denver joined the top 10 US metropolitan areas with the highest weekly wages over the past year. San Jose, San Francisco and Midland, Texas, — Odessa’s bigger sister in the Permian […]

Exports

U.S. LNG Demand Nears Record Highs as Winter Looms

November 30, 2024 Clark Savage

U.S. liquefied natural gas (LNG) plants are running near full throttle, with demand from export facilities hitting 14.6 billion cubic feet (bcf) on Friday. That’s just shy of the all-time record of 14.7 bcf set […]

Crude Oil News

The Secretive Oil Shipping Hub Funneling Iranian Crude to China

November 30, 2024 Clark Savage

China and Iran have devised a complex system of ship-to-ship transfers in the South China Sea to bypass US sanctions on Iranian oil. This clandestine trade network allows China to continue importing significant amounts of […]

Big Oil Companies

Week Recap: Blackouts, Climate Setbacks, and Policy Shifts

November 30, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Half of U.S. at risk for blackouts during extreme cold this winter, grid watchdog warns November 24, 2024 Clark Savage A new report by the North American Electric Reliability Corporation (NERC), which […]

tax receipts
Finance

Federal Government Interest-Payments-to-Tax-Receipts Ratio Spikes, Debt-to-GDP Worsens Further in Q3

November 29, 2024

The magnitude and speed of the ratio’s 2-year spike is unprecedented in modern US history. It does not look good.

Crude Oil News

American Oil Rigs Continue Their Steady Decline

November 29, 2024 Clark Savage

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Wednesday, after falling in the week prior. The […]

US Dollar
Finance

Is the Dollar Collapsing? 7 Key Indicators You Can’t Ignore

November 29, 2024 Clark Savage

As outlined in the graphic below, there are seven key indicators to watch as the US government falls deeper into the self-perpetuating debt spiral that I think will culminate in the collapse of the US dollar. Indicator #1: […]

U.S. crude oil production
Crude Oil News

U.S. crude oil production established a new record in August 2024

November 29, 2024 Clark Savage

Data source: U.S. Energy Information Administration, Petroleum Supply Monthly An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from […]

EIA News

Global natural gas market may experience a tighter supply-demand balance this winter

November 29, 2024 Clark Savage

Data source: Bloomberg Finance, L.P. Note: Price curves as of November 21, 2024. Dotted lines represent forward prices. LNG=liquefied natural gas; Asian LNG=the JKM price benchmark (representing spot and forward LNG prices in Japan, South Korea, Taiwan, […]

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