Chesapeake Energy (CHK.O), opens new tab and Southwestern Energy (SWN.N), opens new tab said on Friday the closing date of their proposed $7.4 billion merger has been pushed back to the second half of the year after receiving […]
The prize is called Stabroek — a series of oil fields off the coast of Guyana, the Latin American nation bordering Venezuela and Brazil. The potential riches are incredible — about 11 billion barrels of oil, worth […]
(Montel) Italy’s ambitious offshore wind plans risk faltering due to a lack of adequate government funding, particularly due to the need for more costly floating units, industry experts told Montel. “Offshore plants risk not being […]
Suddenly lots of talk the 10-year yield will revisit 5%, which is funny just a few months after Rate-Cut Mania. By Wolf Richter for WOLF STREET. The 10-year Treasury yield rose to 4.40% on Friday, the highest since […]
First things first: unlike the last two months when both the January and February jobs prints were beyond ridiculously manipulated and goalseeked to pass a terrible number as a strong one, the March print was not a complete disaster. […]
BRICS member China is looking to promote local currency swaps with 29 developing countries worth 4 trillion Yuan, which is equivalent to $553.49 billion. The bilateral currency swaps could facilitate trade and investment options by […]
After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical tensions in the Middle East. […]
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the […]
LNG giant Shell is expecting “strong” trading and optimization results for its integrated gas business in the first quarter of this year. However, the results will be “significantly” lower compared to an “exceptional” fourth quarter […]
Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound The gold price has risen to a series of new all-time highs of late, a development […]
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