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Home2024

Year: 2024

BRICS

BRICS bank lends $500 million to Indian state

January 12, 2024 Stu Turley

The BRICS New Development Bank (NDB) has announced the approval of a $500 million loan to fund rural road projects in the Indian state of Gujarat. The funds will be used under the Mukhyamantri Gram […]

US weekly LNG exports
Exports

US weekly LNG exports reach 28 cargoes

January 12, 2024 Stu Turley

US liquefaction plants shipped 28 liquefied natural gas (LNG) cargoes in the week ending January 10, while natural gas deliveries to these terminals increased by 1 percent compared to the week before. The EIA said […]

State of emergency
International News

State of emergency declared amid deadly Papua New Guinea riots

January 12, 2024 Stu Turley

Mass unrest has gripped the Pacific nation over a public sector pay cut, later blamed on an administrative error Soldiers and police patrolled the streets of the Papua New Guinea capital on Friday, a day […]

African state
Geopolitical

African state shuts border with neighbor for ‘backing’ rebels

January 12, 2024 Stu Turley

Burundi accuses Rwanda of hosting and training a rebel group that has been carrying out deadly cross-border raids Burundi has announced the closure of its border with Rwanda, while suspending diplomatic relations with its East […]

US defense secretary
Geopolitical

US defense secretary ordered Yemen strikes from hospital – CNN

January 12, 2024 Stu Turley

The Pentagon’s inspector general launched a probe after the White House had been uninformed about Lloyd Austin’s hospitalization US Defense Secretary Lloyd Austin ordered and oversaw the overnight strikes on dozens of Houthi-related targets in […]

LNG freight rates
Exports

LNG freight rates, European prices drop this week

January 12, 2024 Stu Turley

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European and Asian prices also dropped compared to the week before. Last week, Spark30S Atlantic decreased to […]

Price
Finance

Beneath the Skin of CPI Inflation, December: Not in the Mood to Just Go Away

January 11, 2024 Stu Turley

The action is in services. But now new & used vehicle prices are rising again. And energy. Food edges to new painful high. By Wolf Richter for WOLF STREET. Inflation in core services remains hot, and in December […]

Global
Crude Oil News

Global oil demand to rise by 2 million bpd in 2024, says WoodMac

January 11, 2024 Mariel Alumit

Jan 11 (Reuters) – Global oil demand is expected to increase by almost 2 million barrels a day in 2024, with China accounting for more than 25% of the increase, consultancy Wood Mackenzie said in […]

Traders
Crude Oil News

Traders Speculate on $110 Oil As Middle East Tensions Escalate

January 11, 2024 Mariel Alumit

Traders are purchasing call option spreads on Brent Crude, betting that oil prices will hit $110 per barrel by the end of March and April, with bets equivalent to around 30 million barrels. Current market […]

Iran
Geopolitical

Iran seizes oil tanker involved in US-Iran dispute in Gulf of Oman – state media

January 11, 2024 Mariel Alumit

DUBAI, Jan 11 (Reuters) – Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of the same vessel and its oil by the United States, […]

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