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HomeFinance

Finance

Carbon Capture

Daily Energy Standup Episode #320 – Weekly Recap: Challenges Mount: From Net-Zero Risks to Homebuilding Struggles

March 2, 2024 Andy Del Prado

Daily Standup Top Stories Net Zero’s days are numbered February 24, 2024 Stu Turley If a week is a long time in politics, then 2023 belongs to a different age in the politics of Net Zero. […]

Gold price
Finance

Gold price hits two-month high as momentum builds for Fed rate cut

March 1, 2024 Mariel Alumit

  Gold prices rose by nearly 1.5% to a two-month high on Friday as disappointing US factory data and a drop in consumer sentiment reinforced bets on the possibility of interest rate cuts later in […]

VAALCO Energy
Big Oil Companies

VAALCO Energy joins ExxonMobil, Chevron offshore West Africa with $66.5 million Svenska Petroleum Exploration acquisition

March 1, 2024 Mariel Alumit

(WO) – VAALCO Energy, Inc. has entered into a sales and purchase agreement (“SPA”) to acquire Svenska Petroleum Exploration AB (“Svenska”), a privately-held exploration and production (“E&P”) company based in Stockholm, Sweden. Svenska’s primary asset […]

India
BRICS

India ‘easily’ world’s fastest-growing economy – IMF

March 1, 2024 Mariel Alumit

India is the world’s fastest-growing economy and its expansion in the final quarter of last year exceeded expectations, according to International Monetary Fund (IMF) executive director Krishnamurthy Subramanian. Indian gross domestic product (GDP) grew 8.4% […]

financial system
Finance

Schizo world order: The West is willing to destroy its financial system to punish Russia

March 1, 2024 Mariel Alumit

Today’s Western leaders exhibit a strange mix of self-assuredness and anxiety that’s characteristic of those defending the status quo during times of sweeping change US Treasury Secretary Janet Yellen has become the latest to add […]

Spot LNG
Finance

Spot LNG shipping rates down, European and Asian prices up

March 1, 2024 Mariel Alumit

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet decreased this week, while European and Asian prices rose compared to the week before. Last week, Atlantic spot LNG freight rates dropped below […]

Core Services
Finance

Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow

February 29, 2024 Mariel Alumit

Core services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. By Wolf Richter for WOLF STREET. Over the past year or […]

Germany
Energy Crisis

German Deindustrialization Is A Wake-Up Call For U.S. Manufacturers

February 29, 2024 Stu Turley

For generations, Germany has been a manufacturing powerhouse. The country was in the vanguard of the industrial revolution in the nineteenth century, establishing dominant positions in electrical components manufacturing and chemical production. Devastated by WWII, […]

US Sanctions
Finance

Thursday’s Energy Absurdity: New US Sanctions on Russia Harm India – is That Wise?

February 29, 2024 Mariel Alumit

“Delhi has had to weigh its geopolitical economic interests as a close ally of the U.S. in the Indo-Pacific region with its continued dependence on cheap Russian oil, coal, and fertilizers and armaments for meeting […]

Fervo
Exploration and Production

Fervo Energy Raises $244 Million to Accelerate Deployment of Next-Generation Geothermal

February 29, 2024 Mariel Alumit

HOUSTON, TX (February 29, 2024) – Fervo Energy (“Fervo”), the leader in next-generation geothermal development, today announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas. […]

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