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HomeFinance

Finance

BRICS

Week Recap: OPEC Shifts, LNG Approval, and Global Energy Politics

September 7, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia […]

Inflation
Finance

The Fed Has Room to Cut, Rates Are High Relative to Inflation, and Job Growth Could Use some Juicing Up

September 6, 2024 Stu Turley

Job growth bounces back some, hourly earnings jump, unemployment dips, but job growth is too slow to absorb the massive influx of immigrants. By Wolf Richter for WOLF STREET. Payrolls at employers rose by 142,000 jobs in August, […]

LNG
Finance

Atlantic LNG shipping rates drop below $60,000 per day

September 6, 2024 Mariel Alumit

Last week, both Atlantic and Pacific rates continued to slide. “Spark30s Atlantic rates fell by $1,250 to $59,250 per day, marking the fourth consecutive weekly decrease and the first time that Spark30S rates have fallen below […]

Balance Sheet
Finance

Fed Balance Sheet QT: -$66 Billion in August, -$1.85 Trillion from Peak, to $7.11 Trillion, back to June 2020, Another QT Milestone

September 5, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $66 billion in August, to $7.11 trillion, according to the Fed’s weekly balance sheet today. The balance sheet first reached this level on […]

ESG
Alternative Investments

ESG Investing Faces Backlash as Anti-Oil Stance Boomerangs

September 5, 2024 Mariel Alumit

ESG funds saw outflows for the first time in their history last year, and the trend extended into this year. Alvarez & Marsal: we expect to see a decline in ESG-related campaigns and a renewed […]

August
Finance

Buyers’ Strike Deepened in August Despite Lower Mortgage Rates. Listings Surge, Home Sellers Slowly Drop Prices

September 5, 2024 Stu Turley

Listing prices, YoY: Miami -11.7%, San Diego -9.1%, Kansas City -8.5%, San Francisco -7.7%, Austin -7.6%. Active listings explode in Tampa, San Diego, Miami, Seattle…  By Wolf Richter for WOLF STREET. In August, “the housing market slowed considerably […]

BRICS

Rare Metals Prices Surge

September 5, 2024 Andy Del Prado

  Daily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, […]

Crude futures
Crude Oil News

Crude futures settle down by more than $1/bbl on demand fears

September 4, 2024 Mariel Alumit

HOUSTON, Sept 4 (Reuters) – Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed signals about supply […]

Crescent Energy
Finance

Crescent Energy Announces Complementary Central Eagle Ford Bolt-On

September 4, 2024 Mariel Alumit

HOUSTON, Sep. 04 /BusinessWire/ — Crescent Energy Company (NYSE:CRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire assets from a private Eagle Ford operator for total cash consideration of […]

BRICS

Facts & Speculation About The State Of Russo-Indo Financial Ties

September 4, 2024 Stu Turley

The financial dimension of the Russian-Indian Strategic Partnership is qualitatively evolving as a result of the fast-moving multipolar processes that were unleashed across the world by the Ukrainian Conflict. Russia and India are decades-long strategic […]

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