Markets: Stocks rose yesterday as if to declare “we...
Markets: Stocks rose yesterday as if to declare “we are so back” after they plunged following Tuesday’s unexpectedly hot inflation report. [MORE] Investors hit the gas on Uber when the company revealed it would buy back $7 billion worth of shares in its first-ever repurchase plan.
Rep. Mike Turner, the Ohio Republican who chairs the House Intelligence Committee, said on X that the Biden administration had information about a “serious national security threat” and urged its declassification. The threat reportedly involves a new Russian space-based nuclear weapon.
Elon Musk has filed to switch the incorporation location of SpaceX to Texas as he continues feuding with Delaware following a Chancery Court ruling rejecting his $56 billion Tesla pay package.
Cisco is laying off 5% of employees, around 4,250 people, as tech companies continue to downsize.
Performers who dress as characters at Disneyland want to unionize and join Actors’ Equity. They’re one of the few nonunionized groups of performers who work at Disney’s parks.
The inventor of Pop Tarts, William “Bill” Post—who came up with the tasty treat after executives asked him to figure out a toaster-friendly breakfast—has died at age 96.
Investigators search for answers in deadly mass shooting at Kansas City Chiefs' Super Bowl celebration
Investigators are searching for answers after ...
Investigators are searching for answers after gunfire erupted near the end of the Kansas City Chiefs' Super Bowl celebration on Wednesday, killing one person and injuring at least 21 others.
The mass shooting unfolded outside Union Station in Kansas City, Missouri, as Chiefs fans were leaving a parade and rally for the NFL champions. More than 800 law enforcement officers were on duty in the area, as 1 million paradegoers were expected to attend Wednesday's celebration, according to Kansas City Missouri Mayor Quinton Lucas.
Three suspects were detained and at least one firearm was recovered from the scene, according to the Kansas City, Missouri, Police Department. An investigation into the shooting was ongoing, with the motive unclear.
Helmerich and Payne finalizes big Saudi Arabia rig deal
Helmerich & Payne in Tulsa reached a deal this week to provide...
Helmerich & Payne in Tulsa reached a deal this week to provide 7 new rigs to Saudi Aramco. Terms of the contract were finalized as the seven super-spec rigs were awarded 5-year contracts with 1-year options. The rigs are expected to be put into immediate use once they are delivered and that should be in the fourth calendar quarter of this year.
Similar to the one-rig award with Saudi Aramco in August 2023, these rigs will be sourced from H&P’s idle super-spec FlexRigs® in the U.S. and, during fiscal 2024, the company plans to convert the rigs to walking configurations and further equip them to suit Saudi Aramco’s unconventional gas drilling rig specifications.
Wednesday's weekly EIA report was mixed for crude oil and products....
Wednesday's weekly EIA report was mixed for crude oil and products. On the negative side, EIA crude inventories rose by +12.02 million bbl, well above expectations of a +3.35 million bbl build. Also, crude supplies at Cushing,the delivery point of WTI futures, rose +710,000 bbl. On the bullish side,EIA gasoline stockpiles fell -3.66 million bbl, a larger draw than expectations of -1.55 million bbl.
Wednesday's EIA report showed that (1) U.S. crude oil inventories as of Feb 9 were -2.1% below the seasonal 5-year average, (2) gasoline inventories were -2.2% below the seasonal 5-year average, and (3) distillate inventories were -7.9% below the 5-year seasonal average. U.S. crude oil production in the week ended Feb 9 was unchanged w/w at a record high of 13.3 million bpd.
Chesapeake to supply Gunvor with LNG from Delfin project
Chesapeake Energy has entered a liquefied natural gas export deal to...
Chesapeake Energy has entered a liquefied natural gas export deal to supply energy trader Gunvor with 551,000 short tons per year of LNG from the Delfin LNG project offshore Louisiana for 20 years, with deliveries starting in 2028. The deal "provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need," said Chesapeake CEO Nick Dell'Osso.
