Oilfield servicers brace for demand dip in US shale patch
Demand for oilfield services in the US shale patch is expected to weaken in the fourth quarter as oil...
Demand for oilfield services in the US shale patch is expected to weaken in the fourth quarter as oil and natural gas producers, reluctant to exceed 2023 budgets, curtail spending. Pressure pumper ProPetro expects a plateau or sluggish growth in US upstream activity in 2024, contrasting with a more positive outlook for international activity.
India, New Zealand, South Africa, and Australia reach...
India, New Zealand, South Africa, and Australiareach 2023 Cricket World Cup with the semifinals beginning Wednesday (More)
"The Marvels" brings in $110M at global box office in its opening weekend, the lowest opening for a Disney film in the Marvel Cinematic Universe franchise (More)
Gotham FC tops the OL Reign 2-1to win 2023 National Women's Soccer League championship in Megan Rapinoe and Ali Kreiger's final career games (More) | Texas A&M fires football coach Jimbo Fisher, will pay Fisher a record $76M buyout (More)
Historybook:Walt Disney’s groundbreaking animated film "Fantasia" premieres (1940); Whoopi Goldberg born (1955); Montgomery bus boycott pushes US Supreme Court to rule Alabama bus segregation illegal (1956); First up-close photo of Saturn sent back from spacecraft Voyager I (1980).
Officials in Anchorage, Alaska, declared a snow emergency, while thousands of households entered the...
Officials in Anchorage, Alaska, declared a snow emergency, while thousands of households entered the weekend without power after a winter storm broke records on back-to-back days last week. Snowfall totals in some areas in southcentral Alaska surpassed 2 feet in the course of 48 hours. Forecasters expect another 6 to 8 inches of snow today.
🔔Before the opening bell:US stock futures fall early Monday after Moody’s on Friday lowered its US credit rating outlook to negative from stable.
October’s CPI data is expected to be announced Tuesday at 8:30 AM, giving investors and policymakers alike a look into a probable decline in inflation, along with getting expectations of how the Federal Reserve will react to the data. Forecasts from the Cleveland Fed expects CPI to rise at a 0.07% monthly rate for October.
Oil prices declined last week after weak economic data from China spurred concerns over demand for oil. While further supply cuts from Saudi Arabia and OPEC nations are expected later this year, energy stocks took a tumble last week.
Iceland said there was a “considerable” risk of a volcanic eruption in the southwest part of the island in the coming days following a series of earthquakes and the increased spread of magma underground. A town of 3,000 people was told to evacuate ahead of the expected eruption, but flights at the international airport, also in the vicinity, were operating as usual. The Reykjanes Peninsula—the area in question—had not experienced volcanic activity for 800 years before an eruption in 2021.
