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U.S Market

US
Downstream

US authorities enforce evacuations after train derails in Ohio

February 6, 2023 Mariel Alumit

Authorities in the US state of Ohio have threatened to arrest anyone who does not leave an evacuation zone near the smouldering wreckage of a train derailment near the Pennsylvania state line, warning that there […]

Tesla
Electric Vehicles

Ford Shares Tumble After Company Slashes EV Prices To Match Tesla Price Cuts

January 30, 2023 Mariel Alumit

Five days after we reported that Tesla was accused of ‘weaponizing’ price cuts in order to crush their competition in the electric vehicle space, Ford announced priced cuts for their electric Mustang Mach-E along with […]

Big Oil Companies

Big Oil Faces Headwinds After Record $199 Billion Profit Haul

January 26, 2023 Mariel Alumit

Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s […]

Stocks
Investments

Bonds and Bullion Drop, Stocks and Dollar Pop On Hawkish Rate-Hike-Odds Shift

January 26, 2023 Mariel Alumit

A slew of ‘hard’ data beats (GDP, Dur Goods, New Home Sales) and solid labor market data (Initial Claims), reinforced the odd decoupling between ‘soft’ survey data and the actual macro data from the US […]

Fortuna
EIA News

Fortuna Silver granted provisional injunction to operate San Jose mine under 12-year EIA terms

January 25, 2023 Mariel Alumit

​Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported Wednesday that the Mexican federal administrative court has granted a provisional injunction to allow the company’s San Jose mine to continue to operate under the terms of […]

forecasts
EnergyNews

U.S. natgas futures drop 5% to 19-month low on less cold forecasts

January 25, 2023 Mariel Alumit

That price drop came despite bullish forecasts calling for more gas demand this week than previously expected and a drop in output over the past couple of days as cold weather freezes wells in some […]

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