Northeast Heat Wave Arrives As World Cup Matches Get Underway

Europe's Dependence On US LNG Set To Surge By Irina Slav of OilPrice.com The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Financial Analysis has warned. In a report cited by Reuters, IEEFA noted that the European Union already imports significant volumes of U.S. liquefied gas, creating a potentially risky dependence on a single supplier. LNG imports from the United States into the EU accounted for 58% of overall LNG...

BYD Shares Soar Most In 13 Months As Chinese EV Push Into Americas Accelerates Shares of Chinese EV maker BYD surged the most in 13 months after a report that its factory in Bahia, Brazil, a former Ford Motor plant, secured export orders for about 100,000 vehicles from Argentina and Mexico. This development suggests BYD's strategy to localize production in South America is still in its early stages and set to flood the continent with Chinese EVs.   Bloomberg quoted Macquarie Capital analyst Eugene Hsiao, who said the local Chinese media...

President Trump threatened on Monday to “take out” the “entire country” of Iran and said it could happen on Tuesday night, referring to his ultimatum for Tehran to open the Strait of Hormuz. “The entire country could be taken out in one night, and that night might be tomorrow night,” Trump said at a press […]