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HomeFinance

Finance

BRICS

Daily Energy Standup Episode #285 – Weekly Recap: Unveiling Myths, Merger Moves, and Global Dynamics

January 13, 2024 Andy Del Prado

Daily Standup Weekly Top Stories A Natural Gas Plant Guarding US Northeast From Winter Blackouts Is at Risk – Consumers at mortal risk January 7, 2024 Stu Turley (Bloomberg) — A natural gas terminal that’s been […]

Price
Finance

Fed Reports Operating Loss of $114 billion for 2023, as Interest Expense Blows Out

January 12, 2024 Mariel Alumit

On top of whatever unrealized losses (cumulative $1.3 trillion at end of Q3) from its securities holdings. But losses don’t matter to the Fed. By Wolf Richter for WOLF STREET. The Federal Reserve released its preliminary financial information […]

ESG
ESG

ESG funds declining due to regulation and performance

January 12, 2024 Mariel Alumit

Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases. In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and […]

Exports

EQT inks tolling deal with Glenfarne’s Texas LNG

January 12, 2024 Stu Turley

US natural gas producer EQT has entered into a heads of agreement for liquefaction services from Texas LNG’s planned facility in Brownsville to produce 0.5 mtpa of LNG under a 15-year tolling agreement. The deal […]

BRICS

BRICS bank lends $500 million to Indian state

January 12, 2024 Stu Turley

The BRICS New Development Bank (NDB) has announced the approval of a $500 million loan to fund rural road projects in the Indian state of Gujarat. The funds will be used under the Mukhyamantri Gram […]

Price
Finance

Beneath the Skin of CPI Inflation, December: Not in the Mood to Just Go Away

January 11, 2024 Stu Turley

The action is in services. But now new & used vehicle prices are rising again. And energy. Food edges to new painful high. By Wolf Richter for WOLF STREET. Inflation in core services remains hot, and in December […]

Russia
BRICS

BRICS: Russia & Iran End SWIFT, Start Bank Transfers in Local Currency

January 11, 2024 Mariel Alumit

BRICS members Russia and Iran have officially abandoned the SWIFT payment system for cross-border transactions. The two countries will initiate payments to settle international trade using direct bank transfers. SWIFT payment system is no longer […]

Critical Minerals

Will Direct Lithium Extraction Disrupt the $90B Lithium Market?

January 11, 2024 Stu Turley

The following content is sponsored by the EnergyX Will Direct Lithium Extraction Disrupt the $90B Lithium Market? Current lithium extraction and refinement methods are outdated, often harmful to the environment, and ultimately inefficient. So much […]

Finance

Japan’s Inpex to boost Ichthys LNG stake

January 11, 2024 Stu Turley

Japan’s Inpex plans to enter into a deal with compatriot Tokyo Gas to buy a small stake from the latter in the Inpex-operated Ichthys LNG export project in Australia. Inpex said in a statement it […]

ENB Pub Note

White House supports seizure of Russian assets – Bloomberg

January 11, 2024 Stu Turley

ENB Pub Note: This is a huge mistake for the Biden administration. The weaponization of the US dollar has accelerated its demise from being the world’s currency standard. This action will only accelerate the demise.  […]

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