Some are hot, some are cold. And a special look at employment in oil & gas drilling and in mining. By Wolf Richter for WOLF STREET. in the jobs data for December on Friday, we saw what we’d […]
Takeover chatter dominated trading rooms as speculation swirled that BP could be a target this year amid chaos at the oil giant. Rumours that rival energy major Shell could be a candidate for a mega-merger with […]
Southwestern Energy SWN 7.34%increase; green up pointing triangle and Chesapeake Energy CHK 2.91%increase; green up pointing triangle are close to a merger that would create a roughly $17 billion company ranking as one of the largest natural-gas producers in the U.S. […]
Analysts polled by the news agency expect GDP to turn sluggish due to high interest rates The Russian economy will inevitably slow down in 2024 due to tight monetary policies pursued by the central bank, […]
Average hourly earnings fuel worries on the inflation front. By Wolf Richter for WOLF STREET. It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs […]
Iran’s deputy foreign minister, Mahdi Safari, said on 3 January that Tehran is interested in forming a unified currency with member states of the BRICS group of emerging economies. “We are interested in creating a […]
Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European prices also decreased compared to the previous week. Last week, spot LNG freight rates continued their […]
Investing U.S. refiner and petrochemical manufacturer Phillips 66 (NYSE:PSX) is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company […]
The Fed has shed 31% of the Treasury securities it had added during pandemic QE. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) hums along on autopilot. But the banks have figured out since one-year […]
Automakers screwed up the market for decades with price increases and going upscale. Now they pay the price with dismal volume. By Wolf Richter for WOLF STREET. Total new vehicles delivered to retail customers and fleets (dominated by […]
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