Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued their downward trend this week, while European and Asian prices also decreased compared to the previous week. Last week, both the Spark30S […]
A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary. By Wolf Richter for WOLF STREET. The dream is, or was, that mortgage rates dropped […]
Quantitative tightening powers along in the euro area. By Wolf Richter for WOLF STREET. Under the ECB’s QT program, kicked off in October 2022, total assets have plunged by €1.94 trillion, or by 21.9%, to €6.90 trillion, the […]
The following content is sponsored by the EnergyX What’s Inside a Lithium-Ion Battery? Winning the Nobel Prize for Chemistry in 2019, the lithium-ion battery has become ubiquitous and today powers nearly everything, from smartphones to […]
Pipeline operator Williams Cos. agreed to buy natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion in a bet on demand growth for the fuel in the US and in overseas markets. The deal […]
Ethiopia had until December 25 to make a $33 million coupon payment to bondholders, but failed to do so Ethiopia has become the latest African nation to default in recent years, failing to make a […]
The sanctions-hit nation earned nearly $100 billion through sales of oil and gas, Alexander Novak says The proceeds from Russia’s export of oil and gas contributed about $100 billion (nine trillion rubles) to the budget […]
Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. By Wolf Richter for WOLF STREET. Today’s S&P […]
IER . Commentary Contact The Expert Key Takeaways Exxon has proposed buying Pioneer Natural Resources and Chevron has proposed buying Hess. If the mergers succeed, Exxon and Hess will represent about 4.2 percent of the […]
New York-listed Capital Product Partners has completed the previously announced umbrella agreement to buy 11 LNG carriers from its sponsor Capital Maritime & Trading Corp for a total acquisition price of $3.13 billion. Last month, […]
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