Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in […]
President Trump’s new tariffs on energy imports from Canada and Mexico are expected to significantly impact US refiners, particularly those reliant on heavy crude. While Canadian oil imports are likely to continue despite tariffs, Mexican […]
ENB Pub Note: This will be a vast opportunity zone for the U.S. shipbuilding business if it can get organized. President Trump is on task with the new shipbuilding office, and this needs to get […]
Daily Standup Top Stories Venezuela Stops Taking US Deportees After Trump Orders Chevron Out March 11, 2025 Clark Savage ENB Pub Note: We kind of need the Canadian heavy oil sands more now – just saying. […]
China Brief on Beijing’s response to Trump’s tariff increases. By James Palmer, a deputy editor at Foreign Policy. China has toughened up its rhetoric amid U.S. President Donald Trump’s tariff increases. Last week, Chinese Foreign Ministry […]
ENB Pub Note: We are seeing the world waking up to the fact that the United States is no longer the piggy bank for the elite. They are forced to look to their own financial […]
This is 11 percent higher than in the previous forecast. EIA said below-normal temperatures in both January and February led to increased consumption of natural gas to meet space heating demand, which resulted in more […]
Malaysia’s troubled offshore services player Sapura Energy has secured a RM1.1bn ($250m) bailout from the government to repay debts to vendors. The company said in a Bursa Malaysia filing on Wednesday that the country’s Ministry […]
The stock plunged 24% today to lowest since 1997, down 89% from peak, and has joined our Imploded Stocks. By Wolf Richter for WOLF STREET. Shares of department store Kohl’s plunged 24% today to $9.19, the lowest price […]
The low point was in September. The Fed faces a scenario of re-accelerating inflation amid a retightening labor market. By Wolf Richter for WOLF STREET. The Fed has cited the underlying dynamics of the labor market that were […]
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