China’s imports of Iranian crude in May surged to the highest level in seven months after a recovery in refining margins. The Asian nation imported 1.54 million barrels a day of Iranian oil last month, […]
All of Europe is struggling with political violence—but Germany most of all. In Germany, it is in hushed, angst-infused tones that observers now utter the words “Weimarer Verhältnisse,” or Weimar conditions. This refers to the […]
Developers in the United States have plans to expand hydrogen production using technologies that make use of electricity, an early sign that hydrogen production could move away from its current reliance on hydrocarbon feedstocks in […]
Offshore drilling giant Noble Corporation has secured more work for its drillship Noble Stanley Lafosse in the Gulf of Mexico. Arkansas-based oil and gas exploration firm Murphy Oil has exercised its option to drill five […]
Russia is pressing ahead in a project with the Chinese to make all-year container shipping voyages along the Northern Sea Route (NSR) possible. Rosatom, which oversees the NSR, and China’s NewNew Shipping are forming a […]
Quantitative Tightening has removed 40% of Treasury securities and 28% of MBS that pandemic QE added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $107 billion in May, to $7.26 trillion, […]
Suspected Ukrainian drone strikes early on June 6 set Russian oil installations on fire in two regions bordering Ukraine as Russia continued to launch strikes on civilian targets in several Ukrainian regions. A drone attack on an oil refinery […]
The WEF has announced that $104 billion was syphoned out of the pockets of taxpayers globally via carbon taxes last year to pay for environmental schemes. WEF brags that over $100 billion was taken via […]
(Zero Hedge)—For much of the past year we had been pounding the table on two very simple facts: not only has the US labor market been appallingly weak, with most of the jobs “gained” in 2023 and […]
Sales of electric cars in Europe are relatively low, but it is just one reason why the vehicles are piling up in Europe’s major ports. A growing number of imported electric cars, many of them […]
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