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HomeFinance

Finance

Crude Oil News

Daily Energy Standup Episode #328 – Disparity in Oil Demand Forecasts, New Mexico’s Royalty Rate Standoff, and Market Volatility

March 13, 2024 Andy Del Prado

Daily Standup Top Stories OPEC, IEA at most divided on oil demand since at least 2008 March 12, 2024 Mariel Alumit LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s […]

Primergy
Finance

Primergy secures $588 million in financing and power purchase agreement with Microsoft for solar project in Texas

March 12, 2024 Mariel Alumit

Primergy Solar LLC (Primergy), a leading developer, owner, and operator of utility-scale solar and storage projects, announced that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill […]

AI

Daily Energy Standup Episode #327 – Solar Suppliers, Financial Shifts, AI Demands, and Regulatory Challenges

March 12, 2024 Andy Del Prado

Daily Standup Top Stories Solar-panel supplier’s links to alleged abuses in China imperil US climate goal March 11, 2024 Mariel Alumit The dominance of China’s LONGi Green Energy Technology Co. Ltd. in supplying solar panels to the U.S. […]

Treasury
Finance

Fed’s QT Going Forward: the Treasury Maturity Schedule & Roll-off under Current QT Plan, and How a New QT Plan Might Fit

March 11, 2024 Stu Turley

Treasury QT will naturally slow in June 2025 when the Fed runs out of T-bills. Fed governors have teased us with interesting options. By Wolf Richter for WOLF STREET. The Fed has started laying out some basic principles […]

New Mexico
Crude Oil News

New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin

March 11, 2024 Mariel Alumit

SANTA FE, N.M. (AP) — New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by […]

EQT
Finance

EQT Announces Transformative Acquisition of Equitrans Midstream – Video – Updated

March 11, 2024 Mariel Alumit

Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage All stock transaction with combined company enterprise value over $35 billion Provides >2,000 miles of critical pipeline infrastructure with extensive overlap […]

Big Oil Companies

Daily Energy Standup Episode #326 – Federal Funding Boosts Nuclear, Utilities Profit, Aramco’s LNG Talks, Geoengineering Debate, and Banking Implications

March 11, 2024 Andy Del Prado

Daily Standup Top Stories Federal money could supercharge state efforts to preserve nuclear power March 10, 2024 Stu Turley In the coming years, a nuclear power plant on the shores of Lake Michigan could become the […]

Aramco
Big Oil Companies

Aramco in Talks for US LNG Projects as Mideast Gas Race Heats Up

March 10, 2024 Stu Turley

Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US […]

Unrealized Losses
Finance

The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count

March 10, 2024 Mariel Alumit

In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures.  By Wolf Richter for WOLF STREET. The rate-cut-mania-inspired plunge in longer-term yields […]

Gold price
Finance

Gold price closes in on $2,200/oz after US jobs data

March 8, 2024 Stu Turley

  Gold extended its rally to a new record high and is now closing in on the $2,200/ounce level after a key US jobs report bolstered expectations that the Federal Reserve will soon cut interest […]

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