400+ Ukrainian Drones Launched On Moscow In One Of Biggest Attack Waves To Date

Though reports continue to insist the Israel-Lebanon ceasefire is holding, Israel continues to carry out multiple attacks across southern and eastern Lebanon, killing at least three more people today, including a child. The child was killed in Baraachit when an airstrike hit a vehicle there. The civilians in the vehicles largely survived, but one child […]

Germany's Big LNG Deal With Canada May Never Deliver A Single Cargo Authored by Andrew Topf via OilPrice.com, Germany has signed long-term LNG offtake agreements with Canada's Ksi Lisims project, seeking energy security and supply diversification amid heightened geopolitical risks. Despite the deals, Canadian LNG may never physically reach Germany due to geography, shipping economics, and the lack of Atlantic Coast export infrastructure. Instead, Germany could use LNG cargo swaps, sending Canadian gas to Asian buyers while receiving equivalent volumes from suppliers closer to Europe. The Iran war has made supplies of liquefied natural...

US Existing Home Sales Bounced In February As Mortgage Rates Tumbled Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms). Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop... Source: Bloomberg With...