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• Tesla's stock rises as shareholders approve Elon Musk’s $1 trillion pay package
  Tesla Inc. shareholders have thrown their support wholeheartedly...

  Tesla Inc. shareholders have thrown their support wholeheartedly behind Chief Executive Elon Musk, signing off on a compensation package worth up to $1 trillion on Thursday.

  
  

  More than 75% of Tesla investors voted in favor of a proposal to give Musk the package, which ensures that he will stay at the company for about a decade, according to preliminary results. Official results will be made public later.

  
  

  “What we’re about to embark upon is not merely a new chapter in the future of Tesla, but a whole new book,” Musk said on Thursday after taking the stage at Tesla’s factory in Austin, Texas, and thanking investors.

  
  
  

  
  
  Key Points About This Summary
  
  Tesla shareholders approved a compensation package for Elon Musk, potentially worth $1 trillion, with over 75% of investors voting in favor.
  
  

  
  

  
  

  
  
  The package requires Musk to increase Tesla’s market capitalization to $8.5 trillion and achieve product goals like delivering 1 million Optimus robots and 1 million robotaxis.
  
  Shareholders also re-elected three board members and approved a proposal to grant Musk shares from a 2018 compensation package.
  
  

  
  
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• Funding gaps hinder Trump's SPR refill plan
  Despite promising to restore the Strategic Petroleum Reserve to full...
  Despite promising to restore the Strategic Petroleum Reserve to full capacity, the Trump administration has made little progress toward this goal as budget cuts and absent congressional appropriations stall crude purchases. The Energy Department's recent acquisition of 1 million barrels covers less than 1% of the shortfall. Low oil prices offer a chance to rebuild the reserve at a discount before markets tighten, though Energy Aspects Director of Research Amrita Sen noted that "[b]ecause of the shale growth that's happened, the US doesn't need to hold like, 700 million barrels in the SPR anymore."
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• DAILY OIL PRICE: November 6, 2025
  Crude Oil: 59.43   (-0.17)....
  
  
  • Crude Oil: 59.43   (-0.17).
  
  
  • Nymex MTD AVG: 60.4333.
  
  
  • Natural Gas: 4.357   (+0.125).
  
  
  • Gasoline: 1.9656   (+0.0563).
  
  
  • Spreads: December/January (+0.13)     January/February (+0.16).
  
  
  • Plains WTI Posting: 55.91   (-0.17).
  
  

  
  Source: Odessa American
  
  
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• U.S. stocks close sharply lower as investors question valuations and jobs market
  The three major U.S. stock indexes ended lower on Thursday....

  The three major U.S. stock indexes ended lower on Thursday.

  
  

  With stocks still pretty close to all-time highs, investors used Thursday as a chance to take some risk out of their portfolios. A report from Challenger, Gray & Christmas had some observers worried about the state of the U.S. labor market, and even though corporate earnings have been mostly good, some investors have started to doubt that high valuations are justified.

  
  

  The Dow Jones Industrial Average fell 0.8%, according to preliminary data from FactSet.

  
  

  The S&P 500 was down about 1.1%.

  
  

  The Nasdaq Composite was down around 1.9%

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• Mix of factors lifts Atlantic, Pacific LNG freight rates
  Limited vessel availability, delivery delays to Egypt and rising winter...
  Limited vessel availability, delivery delays to Egypt and rising winter demand have pushed liquefied natural gas shipping rates to multi-month highs in both the Atlantic and Pacific basins. Atlantic freight rates for two-stroke LNG carriers jumped more than 50% in a week to $61,750 a day on Monday, the highest since August 2024, while Pacific rates for similar vessels rose to $42,250 on Tuesday, their strongest since late June, according to Spark Commodities. Analysts said longer US-Asia voyages and sparse November tonnage could keep rates elevated into winter.
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