Cheniere, the largest producer of liquefied natural gas in the US, has for the first time estimated the potential impact on the global LNG industry if companies have to pay for greenhouse gas emissions. Cheniere published its assessment of LNG demand scenarios and the potential costs of the industry in the context of the climate change challenge. Cheniere is the largest LNG operator in the US and...

In the course of fighting the pandemic and its aftermath, governments have approved budget support programmes worth a total of $16 trillion. As a result, budget deficits and national debt levels have grown to unprecedented levels, according to an International Monetary Fund (IMF) review. At the same time, according to the fund's estimates, the use of such stimulus measures allowed to reduce the...

Saudi Aramco, the Saudi state oil company, is in talks to sell up to 49% of its oil pipeline business to a consortium of US, Chinese and local investors. This was reported by The Wall Street Journal, citing sources familiar with the situation. According to them, the US investment companies Apollo Global Management and EIG Global Energy Partners, the Chinese Silk Road Fund and China Reform Fund...

In the pandemic year 2020, shoppers around the world spent $900 billion more online than in the previous two years, Mastercard analysts said. Shoppers around the world spent $900 billion more on online purchases during the pandemic than the average of the previous two years. That's according to a Mastercard Economics Institute study based on a comparison of the number of online sales made in 2020...

The net inflow of foreign investments in portfolios of stocks and bonds of developing countries in March amounted to $10.1bn. This figure was the lowest since April 2020, reports Reuters, citing data from the Institute of International Finance (IIF). In February 2021, investment inflows reached $23.4 billion. According to the IIF, almost 90% of the investment inflow came from China: $3.8 billion...

The S&P 500 index, which tracks stocks of the biggest US companies by capitalisation, surpassed 4,000 points for the first time in history. Exchanges reacted positively to Biden's sweeping new plan to revamp the US economy by $2.25 trillion. The S&P 500 stock index surpassed 4,000 points for the first time in history, New York Stock Exchange reported. The S&P 500 consists of the...

The forecast for global oil demand growth in 2021 has been lowered from 5.9 million bpd to 5.6 million bpd, OPEC Secretary General Mohammed Barkindo said at a meeting of the OPEC+ ministerial monitoring committee. "The forecast for global oil demand in 2021 is slightly revised upwards to 5.6 million bpd, and we must not forget that demand has declined strongly in 2020 by 9.6 million bpd," Mr...

Credit Suisse Group and Nomura Holdings said they could suffer significant financial losses because of problems with one of their US clients. None of the financial companies would specify the name of the client, but The Wall Street Journal linked the companies' problems to Bill Hwang's family fund, Archegos Capital Management. It was previously reported that he was behind a massive sell-off of...

The jam in the Suez Canal will cost the global economy $6-10 billion a week, experts at insurance company Euler Hermes have estimated. The daily round-trip traffic through the canal is estimated at more than $9 billion, so stopping ships could reduce global trade growth this year by 0.3 percentage points for every week of Suez "downtime".  Last week, container operator Evergreen's large...