The United Kingdom’s car manufacturing sector is in freefall, with production plummeting to its lowest level since 1949. According to the Society of Motor Manufacturers and Traders (SMMT), UK factories produced just 49,810 cars and […]
Alberta, Canada’s oil and gas powerhouse, has delivered a stunning fiscal surprise, posting an $8.3 billion (CAD) budget surplus for the 2024-25 fiscal year, far exceeding the modest $355 million projection in its February budget. […]
Weekly Daily Standup Top Stories What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Will Iran retaliate after the U.S. strikes on their nuclear program? Banks Drop the […]
EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 30 LNG vessels is 113 Bcf. The agency did not release its weekly report in the […]
Cheniere’s Corpus Christi plant currently liquefies natural gas at three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, […]
“Spark30S (Atlantic) freight rates remained relatively steady this week, dropping by $1,000 to $48,750 per day this week,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. In comparison, Spark25S (Pacific) rates continue to rise, increasing […]
Germany’s new government under Chancellor Friedrich Merz is taking a hardline stance against any potential reactivation of the Nord Stream gas pipelines, signaling a commitment to geopolitical priorities over economic pragmatism. According to reports from […]
Wages & salaries rose at a solid pace, but Social Security payments returned to trend after a spike in April due to policy changes. By Wolf Richter for WOLF STREET. The recession talk started heating up again on […]
EuropeOffshore Equinor Equinor Norwegian energy major Equinor will invest more than NOK 21bn ($2.1bn) in the North Sea Fram Sør subsea development. The Fram Sør project is a combined development of several discoveries that will […]
The U.S. oil and gas rig count continues its decline, with Baker Hughes reporting a drop of 7 rigs to 547 for the week ending June 27, 2025, the lowest since October 2021. Oil rigs […]
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