“Uncertainties” rule. Wait-and-see amid inflation fears and slowing growth. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep the Fed’s five policy rates unchanged, for the fourth meeting in a row, after cutting by […]
The U.S. energy market is reeling from a massive 11.5 million-barrel draw in crude oil inventories, one of the largest weekly declines in recent memory. Despite this significant tightening of supply, oil prices have remained […]
ENB Pub Note: This article from David Blackmon’s Substack is spot on – and RINOs are at it again… We need some huge primaries, and this is just disgusting. The RINOs in Congress, not David […]
Australia’s Woodside has signed a non-binding heads of agreement with Malaysia’s Petronas to supply the latter with liquefied natural gas (LNG) from its global portfolio. The deal may include supplies from Woodside’s Louisiana LNG project […]
The country’s LNG imports decreased to 4.66 million tonnes last month compared to 4.87 million tonnes in May 2024. LNG imports also dropped compared to 5.37 million tonnes in the prior month and were the lowest this year. […]
Data from the General Administration of Customs shows that the country received 4.84 million tonnes last month. This compares to 6.57 million tonnes in May 2024. During January-May, China imported 24.86 million tonnes of LNG, a […]
The Strait of Hormuz, a narrow waterway between Iran and Oman, is the world’s most critical oil chokepoint, handling roughly 20 million barrels per day (b/d) of crude oil, condensate, and refined products—about 20% of […]
Greek LNG shipping player GasLog has been linked to up to four newbuildings at Jiangnan Shipyard. The Peter Livanos-controlled company has reportedly signed a letter of intent with the Chinese yard covering two firm orders, […]
Daily Standup Top Stories How the Israel-Iran Crisis Is Swiftly Becoming Taiwan’s National Security Crisis June 17, 2025 Clark Savage The escalating conflict between Israel and Iran, marked by Israeli airstrikes on Iranian military and nuclear […]
Looking at the nuts and bolts, we see that the spending goes on, even if the mood is ultra-sour. By Wolf Richter for WOLF STREET. Retail sales in May, seasonally adjusted, fell by 0.9% from April, and in […]
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