Energy News Beat Year-over-year, consumer spending jumped by 5.6% and retail sales by 4.8% in January. So there’s that. By Wolf Richter for WOLF STREET. The financial media was thrown into a tizzy this morning when the Bureau of Economic Analysis released its Personal Consumption Expenditures report, which said that the seasonally adjusted annual rate of consumer spending […]
Energy News Beat December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for first time in a year. By Wolf Richter for WOLF STREET. The inflation measure released today – the PCE price index favored by the Fed as yardstick for its inflation target – jumped by 0.33% in January from […]
Energy News Beat Spark’s data lead, Qasim Afghan, told LNG Prime on Friday that Spark30S (Atlantic) freight rates “have more than tripled this week, increasing by $13,500 to $19,750 per day, driven by the front month US arb to NE-Asia narrowing significantly over the past two weeks.” “February 2025 is closing out as the lowest […]
Energy News Beat In this episode of Energy News Beat Live from NAPE – Conversation in Energy, host Stuart Turley sits down with Jeff Krimmel, an energy analyst and consultant, who shares insights into the oil and gas industry, including Oxy’s high production costs and the challenges faced by high-cost producers. They discuss the impact […]
Energy News Beat ENB Pub Note: While President Trump and his team wanted to end the Ukraine war on day one of his administration, they did not have the critical information they needed. The Biden Administration has removed information from the essential think tanks in the war colleges and critical parts of the government. This […]
Energy News Beat Top executives of a green organization that received billions of dollars in EPA funding are also major Democratic donors. Top executives of a green organization that the Biden Environmental Protection Agency (EPA) selected to receive billions in public funds have collectively made hundreds of thousands of dollars in personal political donations to […]
Energy News Beat EPA head Lee Zeldin is reconsidering the CO2 Endangerment Finding, a key climate regulation used to restrict and suppress the use of hydrocarbons. As discussed in a couple of recent posts here and here, the so-called CO2 Endangerment Finding (EF) was an EPA regulatory action early in the Obama Administration (December 2009) […]
Energy News Beat A Treasury Department report says renewable subsidies for clean energy projects could cost taxpayers $425B over next decade. House Republicans are seeking to prevent the use of taxpayer dollars to incentivize what they describe as “green energy boondoggles” on agricultural lands, citing subsidies that could cost taxpayers hundreds of billions of dollars […]
Energy News Beat AsiaOffshore Miclyn Express Offshore Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has officially changed its name to Aesen. Following the rebrand, the company will effect respective entity name changes progressively. Clients, vendors, and business partners will be notified as these changes take effect. All other company details remain unchanged. The OSV […]
Energy News Beat Frontline John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit facilities of $239m in total, which will refinance three VLCCs and one suezmax vessel and, in addition, provide revolving credit capacity […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
