As the Chinese accumulate more and more gold, they’re dumping U.S. Treasuries. That raises an important question: who is going to keep funding the federal government’s borrowing spree? China offloaded another $22.7 billion in U.S. Treasuries […]
NEW YORK, April 24 (Reuters) – Oil prices fell on Wednesday as worries over conflict in the Middle East eased and business activity in the United States slowed, although a fall in U.S. crude oil […]
(Bloomberg) – The International Monetary Fund expects OPEC and its partners to start increasing oil production gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing […]
China’s coal market is poised for a significant uptick in prices, according to fresh insights from the China Coal Transportation and Distribution Association (CCTD). General Manager Han Lei of CCTD’s research department highlighted that domestic […]
Just a day after announcing it would restate the past two years of financial results, beleaguered SunPower Corp. (NASDAQ:SPWR) on Wednesday said it would reduce its workforce, cut a selection of residential installation locations, and […]
Reuters: This month, Russia is expected to pocket $14 billion from oil & gas. Russia’s oil and gas revenues slumped by 23.9% last year compared to 2022. Reuters estimates that Russia’s revenues from oil and […]
Recent reports indicate that Iran intends to disrupt operations in the Strait of Hormuz, Dryad Global stated in its latest Maritime Security Threat Advisory (MSTA), which was released on April 22. “The most recent incident, […]
Cooperman’s Energy Bet Billionaire investor Leon Cooperman has disclosed a significant investment in energy stocks, attributing his decision to the recent surge in oil prices amid Middle East tensions. Cooperman, the chair and CEO of […]
Nearly 4 million Filipino households are either unserved or underserved by the nation’s power grid. However, the country has just taken a big step in achieving its goal of fully electrifying those homes. After concluding […]
The Mountain Valley Pipeline is largely completed, the company said Monday in requesting federal approval for it to be placed in service. Although some work remains, the company asked the Federal Energy Regulatory Commission to […]
Copyright © 2023 | Sandstone Group