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HomeFinance

Finance

BRICS

BRICS: Treasury Secretary Predicts Fall of US Dollar As Reserve Currency

March 16, 2024 Stu Turley

The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]

AI

Daily Energy Standup Episode #330 – Weekly Recap: Grid Exploitation, Banking Woes, Solar Ethics, AI Demands, OPEC-IEA Divide, and California’s Price Surge

March 16, 2024 Andy Del Prado

Daily Standup Top Stories Green-Plating™ the Grid: How Utilities Exploit the “Energy Transition” to Rake In Record Profits March 10, 2024 Stu Turley ENB Pub Note: This article is from the Energy Bad Boys Substack! I […]

Rate
Finance

Short-Term Treasury Market Walks Away from Rate-Cut Mania, Inflation Has Upper Hand

March 15, 2024 Mariel Alumit

From mid-October through the end of January, the 6-month Treasury yield had dropped by about 43 basis points, from around 5.58% to 5.15% (green box in the chart below). This means roughly, that at the […]

EIA
Finance

EIA Drops 2024 Henry Hub Gas Price Forecast

March 15, 2024 Mariel Alumit

The U.S. Energy Information Administration (EIA) cut its Henry Hub spot price forecast in its latest short term energy outlook (STEO), which was released this week. In its latest March STEO, the EIA projects that […]

Glenfarne’s Texas LNG
Finance

Glenfarne’s Texas LNG says moves to execution phase of project financing

March 15, 2024 Mariel Alumit

Glenfarne Group’s Texas LNG, the developer of the planned 4 mtpa LNG export terminal in the port of Brownsville, has received sufficient expressions of interest from project finance banks to move to the execution phase […]

Ksi Lisims
Finance

Ksi Lisims LNG partners to buy Prince Rupert pipeline project from TC Energy

March 15, 2024 Mariel Alumit

Houston-based Western LNG and the Nisga’a Nation, the partners in Canada’s Ksi Lisims LNG project, have agreed to buy the planned Prince Rupert pipeline project from TC Energy. PRGT is a wholly owned subsidiary of […]

Oil
Crude Oil News

Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

March 14, 2024 Mariel Alumit

NEW YORK, March 13 (Reuters) – Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply […]

BRICS
BRICS

Expanded BRICS will keep ‘trademark’ name – Moscow

March 14, 2024 Mariel Alumit

The bloc’s acronym is a “brand” and the addition of new members will not change that, a top Russian diplomat has said The BRICS economic group will keep its current name despite the bloc’s expansion, […]

Inflation
Finance

Higher Forever? Even Yellen Starts to Get it: Higher Inflation & Higher Yields Are Here to Stay

March 14, 2024 Stu Turley

“It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen. By Wolf Richter for WOLF STREET. By now everyone sort of knows that inflation has been re-heating […]

Big Oil Companies

Daily Energy Standup Episode #329 – California Prices Surge, Biden Budget Impact, Shell’s Shift, and Currency Changes

March 14, 2024 Andy Del Prado

Daily Standup Top Stories Exploding Energy Prices in California March 13, 2024 Mariel Alumit “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income […]

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