The new and improved Standing Repo Facility (SRF) sprang into action for one day at quarter-end on June 30. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $13 billion in June, […]
The U.S. Treasury Department has announced a fresh wave of sanctions targeting Iran’s illicit oil trade, specifically focusing on its elusive “dark fleet” network, a shadowy system of vessels and operators that smuggle Iranian oil […]
President Trump’s ambitious plan to rejuvenate the US shipping and shipbuilding industries is encountering significant challenges, just months after its announcement. Despite bipartisan support for revitalising the maritime sector as a matter of economic and […]
Shipping nuclear propulsion start-up CORE POWER, ABS, and Athlos Energy have formed a consortium to evaluate the potential of floating nuclear power plants (FNPPs) to meet the energy demands of islands, ports, and coastal communities […]
The job creation machine is running at a decent pace, unemployment is historically low, but it’s not evenly spread across all industries. By Wolf Richter for WOLF STREET. Total nonfarm payrolls rose by 147,000 in June, to 159.6 […]
On July 3, 2025, a nearly hour-long phone call between Russian President Vladimir Putin and U.S. President Donald Trump sparked global attention, with implications for energy markets, geopolitical strategies, and the ongoing war in Ukraine. […]
U.S. electricity prices have been climbing at an alarming rate, outpacing inflation and squeezing households and businesses alike. Despite years of green energy policies promising affordability and reliability, the reality has been starkly different: aging […]
The global energy landscape is on edge as India, the world’s third-largest crude oil importer, sounds the alarm over a proposed U.S. bill that would impose a staggering 500% tariff on goods from countries purchasing […]
This is like the dog that chases a car so often that it doesn’t know what to do when it finally catches up with the car. Doug Sheridan on LinkedIn again has some great points […]
Duke Energy, one of the largest electric utilities in the U.S., has signaled a potential reversal on its plans to retire several coal-fired power plants, despite earlier commitments to transition toward cleaner energy sources. According […]
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