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Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

Armstrong, Alaska, Oil, Energy, Conventional

Armstrong, Alaska, Oil, Energy, Conventional

Bill Armstrong Proves Alaska Oil Finds Aren’t Over

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Dow logs longest winning streak in 4 years, sees highest close in 15 months
U.S. stocks finished higher on Wednesday as the Dow Jones Industrial...
U.S. stocks finished higher on Wednesday as the Dow Jones Industrial Average clinched its eighth straight day in the green amid a flurry of corporate earnings reports. The blue-chip gauge DJIA, 0.31% finished 108.88 points, or 0.3%, higher at 35,060.81, according to preliminary closing data from FactSet. It marked the first time that the Dow finished above 35,000 since April 20, 2022, and its longest winning streak since September 2019. The S&P 500 SPX, 0.24% gained 10.72 points, or 0.2%, to 4,565.69. The Nasdaq Composite COMP, 0.03% gained 4.38 points, or less than 0.1%, to finish at 14,358.02, preliminary data show.

The markets persisted even as earnings proved to be a mixed bag. Goldman Sachs' second-quarter earnings came in weaker than expected, and after the bell, Netflix's revenue fell short of forecasts—despite showing a surprisingly strong jump in subscribers. United Airlines and Tesla beat earnings estimates.
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Energy Sector Commentary for Wednesday
Energy benchmarks opened above...
Energy benchmarks opened above the flat line, with higher oil prices and modest gains in S&P 500 futures aiding. Earnings season is ramping up, with Baker Hughes and Halliburton reporting second-quarter results. Both companies are lower in the premarket as tempered North American activity and revenues overshadow continuing momentum in the international markets.

Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon.

Natural gas futures are lower by 2 cents.
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U.S. housing starts declined 8% in June after 15.7% gain in May
The monthly data published by the US Census Bureau revealed on Wednesday that Housing...
The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts declined 8% on a monthly basis in June, following the 15.7% increase (revised from +21.7%) recorded in May. This reading came in much worse than the market expectation for a growth of 7.2%.

In the same period, Building Permits fell 3.7%, down sharply from May's 5.6% increase.
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Smoke and Heat: A Weather Update
The temperature in Phoenix topped 110 degrees ...
The temperature in Phoenix topped 110 degrees for a record 19th straight day. Cities across the U.S. face dangerous levels of heat for the next week.

Smoke from Canada’s wildfires reached as far south as North Carolina and Georgia.

Much of the Northern Hemisphere is experiencing extreme summer weather. Firefighters battled wildfires in Greece, while China sweltered in sauna-like conditions.

To stave off droughts, Spaniards are excavating thousand-year-old irrigation canals called acequias.
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☕️What Else is Brewing Wednesday Morning
A lead in the Tupac Shakur killing? Nevada authorities served a search warrant this week in Henderson,...
A lead in the Tupac Shakur killing? Nevada authorities served a search warrant this week in Henderson, NV, in connection with the rapper’s unsolved drive-by shooting death in 1996.

Evergrande, the Chinese real estate developer that fell into crisis in 2021, said it lost $81 billion across 2021 and 2022.

Peacock, NBCUniversal’s streaming service, raised its prices for the first time.

Chipotle is plotting an expansion into small US towns and in the Middle East.

Model Gigi Hadid was arrested in the Cayman Islands for marijuana possession. Finally, she does something relatable.

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