Yesterday we reported that for the first time ever, US drillers spent more on share buybacks and dividends – some $128 billion – than on capital projects (understandably so, courtesy of a clueless administration which […]
Authored by Irina Slav via OilPrice.com, The European Union will make its first move as a buyers’ group on the international gas market next month as it launches the first tender for suppliers. The […]
Iron ore price hit an eight-month high on Friday, driven by optimism about future steel demand in China. Benchmark 62% Fe fines imported into Northern China rose 0.54%, to $127.70 per tonne. The most-traded […]
Many Bay Area residents may have noticed their natural gas prices soared without warning. Consumer Investigator Chris Chmura finds out why. At Mark Zinman’s Moraga home, his gas bill just ignited change. “When I got […]
Authored by Medea Benjamin and Nicolas J. S. Davies via NakedCapitalism.com, With the Ukraine war now reaching its one-year mark on February 24, the Russians have not achieved a military victory but neither has the […]
It has become impossible to be an economist or data-watcher (and thus strategist, investor, pundit or analyst) in the US: the reason is that seasonal adjustments have made virtually every data set a load of […]
Authored by Gordon G. Chang via The Gatestone Institute, China’s propagandists tell us the Chinese economy this year will “accelerate to 4.8%.” Foreign analysts are even more bullish. Goldman Sachs estimates growth of gross domestic […]
US natural gas futures fell below $2 for the first time since 2020, extending a massive selloff as traders give up on hopes of extreme cold boosting demand.Gas for March delivery dropped to $1.987 per […]
Australian mining giant BHP is optimistic China and India’s growth will boost commodity demand, even as the company reported a steep drop in half-year profits. “We believe that Chinese growth and Indian growth are going […]
Authored by Alasdair Macleod via GoldMoney.com, The consequences of Russia and her Asian allies embracing gold backing for their currencies are poorly understood in western capital markets. This move could lead to the destruction of […]
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