Thursday, January 2, 2025

Meet La Niña, the Little Girl Spreading Fear in Commodity Markets

From the Brisbane Times Most people don’t fear little girls, but meteorologists know better when it comes to this one, and so do economists. In September, the risk of La Niña, (Spanish for “little girl”), a weather pattern that in its strongest manifestation has been blamed for flooded mines in Australia and failed crops in Brazil, was tripled to 60

Saudi Aramco + India May JV in the Near Term: CEO

From Reuters/Economic Times of India Aramco, like other major oil producers, wants to tap rising demand growth opportunities and invest in the world’s third biggest consumer economy State-run oil giant Saudi Aramco is in talks with several Indian refiners and hopes to land a joint venture deal by next year, the company’s chief executive told Reuters. Aramco, like other major oil producers,

GOM Operators Pick Up Pieces after Nate

From UPI With the remnants of Nate making its way Monday up the northeastern U.S. border, energy companies said they’ve started the process of manning offshore rigs. Nate bounced along the southern U.S. border during the weekend, making landfall twice as a Category 1 hurricane. The National Hurricane Center in Miami, Fla., said Monday that Nate is now a post-tropical cyclone