“We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go? By Wolf Richter for WOLF STREET. One issue is, how do you get an economy addicted to government deficit spending off […]
ENB Pub Note: I would watch the companies that they invest in or work with and not invest in them. Bill Gates has a track record of investing in things that only help him and […]
UK-based LNG giant Shell has completed the previously announced sale of its Nigerian onshore subsidiary SPDC to Renaissance for $2.4 billion. Shell announced the compilation of the deal revealed in January 2024 in a statement […]
Spark’s data lead, Qasim Afghan, told LNG Prime on Friday that global LNG freight rates rose again this week, with Spark30S (Atlantic) freight rates increasing by $6,250 to $25,750 per day. He said this is the […]
The board of the Export-Import Bank re-approved a $4.7 billion loan in a meeting on Thursday. Last month, TotalEnergies CEO Patrick Pouyanne said that the company expected the US Export-Import Bank to approve financing for […]
Saggas, the operator of the LNG terminal owned 72.5 percent by Spain’s Enagas, announced the arrival of the milestone cargo in a statement on Thursday. Besides Enagas, Osaka Gas and Oman Oil are shareholders in […]
Dubai shipping firm Gulf Navigation (GulfNav) has been given the go-ahead by its shareholders to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, covers $125m in […]
In the latest maritime bombshell coming out of Washington DC, the Federal Maritime Commission, the country’s shipping regulator, has warned it might bar entry to ships from countries found to be causing choke points at […]
Tsunami of cash is still washing over money market funds. But banks’ fight for deposits is over. By Wolf Richter for WOLF STREET. Interest rates paid by money market funds largely track short-term yields in the Treasury market […]
U.S. butane exports reached a new record in 2024 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges. U.S. normal butane exports […]
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