The U.S. Energy Information Administration (EIA) has announced that 10 new projects across the United States, Canada, and Mexico will significantly increase North America's liquified natural gas (LNG) export capacity within four years. According to EIA's forecast, the continent's LNG export capacity is expected to surge from the current 11.4 billion cubic feet per day (Bcf/d) … [Read more...] about North America’s LNG Export Capacity to Double in Four Years
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Canada’s Trade Deficit Narrows as Exports Recover
In July, Canada's trade deficit with the rest of the world saw a significant reduction due to a recovery in exports and the impact of a strike at marine ports on the country's west coast causing a heavy decline in imports. According to Statistics Canada, the merchandise-trade deficit stood at 987 million Canadian dollars, equivalent to about $723.6 million. This figure defied … [Read more...] about Canada’s Trade Deficit Narrows as Exports Recover
Ivanhoe Mines’ Kamoa Copper Venture Strikes Deal to Export Concentrate by Rail
Ivanhoe Mines, a Canadian mining company, has announced that its part-owned Kamoa Copper venture in Congo has reached an agreement to export concentrate via rail to the Atlantic port of Lobito in Angola. This deal aims to reduce transportation distance and accelerate shipments that are currently being transported by truck. The venture has signed a memorandum of understanding … [Read more...] about Ivanhoe Mines’ Kamoa Copper Venture Strikes Deal to Export Concentrate by Rail
China’s Export Growth Plunges to 2-Year Low as Strict Covid Restrictions Hamper Factories
Source: National Bureau of Statistics of China Strict zero-Covid restrictions pushed China’s export growth to its slowest pace in nearly two years in April, with recovery set to face numerous challenges. CSI 300 Index down -0.80%, CNYUSD down -0.68% China’s overall exports expanded better than anticipated by 3.9% last month from a year ago to $273.62 billion, compared … [Read more...] about China’s Export Growth Plunges to 2-Year Low as Strict Covid Restrictions Hamper Factories
US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
Source: Bureau of Economic Analysis The US goods and services deficit was posted at a record $89.7 billion in January, up by $7.7 billion from December. SPY is down -0.037%, DXY is down -0.28%. The rise in trade deficit reflected a 1.2% gain in imports, which reached $314.1 billion against a 1.7% decline in exports which hit $224.4 billion.The January trade balance … [Read more...] about US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
