The leading economics blog online covering financial issues, geopolitics and trading.
I have to repeat yet again that this is not just a war but an economic war, and not just a crisis but a metacrisis.…
Oil dipped about $1 after the Washington Post reported that the Biden administration and European Union are expected to announce a major initiative to direct…
Earlier this week, we quoted the heads of some of the world's biggest independent energy trades, who spoke at the FT Commodities Global Summit in…
Europe faces an unprecedented energy crisis that requires extraordinary policy action, such as a possible 100 billion euro in relief funds to businesses hit the…
Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as a vital Black Sea terminal may be disrupted…
Several weeks ago, when Biden instituted a wholesale ban on Russian energy exports, he explicitly carved out Russian uranium suppliers for the simple reason that…
As we first noted on Monday in "Hedge Funds Liquidate Oil Positions At A Near-Record Pace Amid Extreme Volatility", and as Bloomberg writes today, "fund…
Temperatures in Europe are turning higher as peak winter is over and spring nears. Heating demand declines as mild weather spreads through Europe. This is…
One of the core staples of the past 40 years, and an anchor propping up the dollar's reserve status, was a global financial system based…
Last week, former NY Fed staffer Zoltan Pozsar sparked a shockwave across Wall Street when in his latest research piece, he suggested that as a…
The U.S. aims to cut its greenhouse gas emissions in half by 2030 as part of its commitment to tackling climate change, but might be lacking…
Volkswagen CEO Herbert Diess told the FT in an interview published Thursday that a prolonged war in Ukraine would be "very risky" for the European…
The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against…
On March 8, while President Joe Biden announced a ban on Russian oil and gas imports, regular gasoline at one BP gas station on Chicago’s…
In an arrangement similar to the bloc's $2 trillion COVID rescue fund, the European Union has decided to jointly issue what Bloomberg dubbed "potentially massive"…
Tesla officially sold 56,515 Chinese made vehicles in February, according to new data from the China Passenger Car Association (CPCA) that was released on Tuesday.…
After facing a huge backlash last week and over the weekend when it snapped up a cargo of Russian crude at a bargain price at a time…
With energy stocks the only green sector in yesterday's broad market rout as war in Ukraine dominates markets... .... on a historic basis the group…
With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite…
European natural gas futures soared Monday after reports the Biden administration was considering curbs on Russian crude imports sent shock waves across commodity markets. Brent…