The Fed has shed 31% of the Treasury securities it had added during pandemic QE. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) hums along on autopilot. But the banks have figured out since one-year […]
Automakers screwed up the market for decades with price increases and going upscale. Now they pay the price with dismal volume. By Wolf Richter for WOLF STREET. Total new vehicles delivered to retail customers and fleets (dominated by […]
Data source: Refinitiv Eikon The U.S. benchmark Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price, according to data […]
Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a […]
DRAKESBORO, Ky. (KT) – Three new state-of-the-art natural gas units designed to withstand temperature extremes are now online at the Tennessee Valley Authority’s (TVA) Paradise Combined Cycle Plant in Drakesboro, just in time for winter […]
It will take some time until the official figures are available, but last year the German economy likely shrank. Looking back, economists and industry associations have rarely been so unanimous in their views: 2023 was a year […]
At the meeting of the Standing Committee of the State Council, chaired by Chinese Premier Li Qiang, approval was granted for units 3 and 4 at China General Nuclear’s (CGN’s) existing Taipingling nuclear power plant […]
One of the frequent boasts then-candidate Joe Biden made during his 2020 run for the presidency was that his administration would mount a frontal assault on the domestic oil and gas business, outlaw hydraulic fracturing […]
Copper is headed for a price spurt over the next two years, as mining supply disruptions coincide with higher demand for the metal. Rising demand driven by the green energy transition and a decline in […]
Greece’s Gastrade expects to receive on January 20 the commissioning cargo at its FSRU-based LNG import terminal in Alexandroupolis. The firm launched a tender on October 31 for the supply of the commissioning cargo and relevant services. […]
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