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 […]
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 […]
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 […]
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 […]
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: […]
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 […]
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, […]
Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]
Kiev’s Western European backers still hope to keep it on life support should Trump end funding, a report claims Washington’s allies in Europe will not be able to keep Ukraine’s military supplied if US President-elect […]
Fossil fuel electricity generation in the UK hit a record low in August 2024, averaging below 5 GW. This milestone coincided with the closure of Ratcliffe-on-Soar power station, marking the UK’s complete phase-out of coal […]
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