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HomeFinance

Finance

Price
Finance

Bring on the Supply: Single-Family Construction Starts in 2024 Rose to 2nd Highest in 17 Years amid Budding Glut. Multifamily Starts Plunge from Boom amid Oversupply & CRE Depression

January 17, 2025 Stu Turley

But small multifamily buildings with 2-4 units dodge the CRE depression.

Price
Finance

ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging

January 17, 2025 Stu Turley

Inflation far from over. ECB risks throwing fuel on top of it.

Treasury
Finance

Trump’s Treasury nominee warns of US economic crisis

January 17, 2025 Mariel Alumit

  The middle class will face the largest tax hike in history unless cuts made during Trump’s first term are extended, Scott Bessent has said The US is headed towards an economic crisis by year’s […]

ENB Pub Note

Kremlin unveils topics for Putin’s talks with Iranian president

January 17, 2025 Mariel Alumit

ENB Pub Note: I have discussed this in great detail in my podcast series with George McMillan, and we still have 10 hours in the production work on the Russia geopolitical issues around pipelines, and […]

LNG
Exports

Pacific LNG shipping rates drop below $20,000 per day, European prices up

January 17, 2025 Mariel Alumit

“Spark30S Atlantic freight rates dropped for a second consecutive week, falling by $4,000 to $20,000 per day – the largest week-on-week drop since November 2024,” Qasim Afghan, Spark’s commercial analyst, told LNG Prime on Friday. Similarly, […]

Price
Finance

The Fed Needs to Watch Out: Amid Strong Demand from our Drunken Sailors, Retail Sales Surged in Late 2024 and Inflation Caught its Second Wind

January 16, 2025 Stu Turley

More consumers, more workers, more jobs, more money. GDPNow jumps upon these retail sales.

Scott Bessent
Climate Crisis

Treasury Pick Scott Bessent Destroys Dems’ Anti-Fossil-Fuel Agenda At Hearing

January 16, 2025 Mariel Alumit

Trump’s Treasury nominee Scott Bessent dismantled the Democrats’ talking points against fossil fuels, noting China was in an ‘energy race’ and winning. A confirmation hearing exchange between Sen. Ron Wyden (D-OR) and Treasury Secretary Nominee […]

TotalEnergies
Earnings

TotalEnergies says Q4 LNG results to benefit from higher production

January 16, 2025 Mariel Alumit

“Integrated LNG results are expected to benefit from a 6 percent increase in production, LNG realizations above $10/MMBtu and stronger gas trading that is back to the performance of the fourth quarter 2023,” TotalEnergies said […]

Novatek
Finance

Novatek’s gas sales drop in 2024

January 16, 2025 Mariel Alumit

Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in 2024. This compares to 78.63 bcm in 2023, which makes a rise of 2.7 percent year-on-year. […]

oil prices
Crude Oil News

World oil prices surge on latest Russia sanctions

January 16, 2025 Mariel Alumit

The International Energy Agency had earlier warned that US restrictions could disrupt global supply chains Global oil prices soared on Wednesday after the US announced a new sanctions package targeting the Russian oil sector. The […]

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