Norwegian energy major Equinor has sold its stake in the Peregrino field to Brazilian company Prio Tigris, a subsidiary of PRIO, for $3.5bn Equinor sold its 60% operated interest in the field to PRIO, Brazil’s […]
Quantitative Tightening has shed 25.2% of total assets. The Assets-to-GDP ratio declined to 22.4%, first seen in 2013. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $14 billion in April, to […]
This is a huge story. President Trump posted on Truth Social the following: Trump on Iranian Oil: stop buying it NOW pic.twitter.com/9CIBhVNjLD — Josh Young (@Josh_Young_1) May 1, 2025 First, let’s look into who is […]
The CRE meltdown just doesn’t let up. By Wolf Richter for WOLF STREET. Delinquencies of office mortgages that were securitized into commercial mortgage-backed securities (CMBS) have been in the red-hot zone since mid-2023 and in December 2024 hit […]
ENB Pub Note: Interesting update from Valaris for ExxonMobil. The unit is offshore Cyprus and may be heading to Angola. The offshore business is one we are tracking as global oil demand is expected to […]
Danish offshore wind developer Ørsted has sold a 24.5% stake in the 389MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. Schroders Greencoat has a combined net generating capacity of […]
Daily Standup Top Stories U.S. LNG will be the United States’ largest export product – Secretary Chris Wright On the Crude Truth Substack, Rey Trevino writes: Secretary Chris Wright provided a comprehensive summary of the […]
Up-revisions pushed the 12-month core PCE price index for February to +3.0%, and the 6-month index to +3.4%, worst since July 2023. But March was benign? By Wolf Richter for WOLF STREET. The inflation measure released today for […]
ENB Pub Note: India is critical to global trade and market stability. The article below from LNG Prime points out the new agreement between HPCL and Adnoc Trading. Let’s take a look at the overall […]
ENB Pub Note: This article from the EIA highlights significant challenges that the United States’ oil and gas companies face. However, what the world is facing is a lack of investment in oil and gas, […]
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