Hurricane Lee continued to churn in the Atlantic Ocean over the weekend, sitting as a Category 2 storm as of this writing, located a few hundred miles north of Puerto Rico. The storm reached Category 5 status late last week, losing intensity as it encountered significant wind shear, which disrupted the system's circulation.
Lee is currently headed toward the US Southeast; models predict it will strengthen back into a Category 4 hurricane but also turn northward well short of the mainland sometime around Wednesday. Meteorologists say whether the storm will make landfall along the upper US east coast depends upon a range of factors, including whether an incoming high-pressure ridge will nudge the system in a particular direction.
Diamondback Energy, Five Point Form Water-focused JV, Deep Blue
E&P Diamondback Energy Inc. and Five Point Energy LLC, a water...
E&P Diamondback Energy Inc. and Five Point Energy LLC, a water midstream company, have formed a new joint venture (JV) entity, Deep Blue Midland Basin LLC, to create what the companies called the largest independent water infrastructure platform in the Midland Basin.
Deep Blue will offer substantial excess capacity in place to pursue third-party growth as an integrated midstream water infrastructure network with more than 800 miles of pipelines for gathering, transport, disposal, and reuse.
The company will have a permitted disposal capacity of approximately 2 MMbbl/d and more than 65 MMbbl/d of water storage.
Before the opening bell: US futures rise early Monday after major indexes were down last week. Investors await key inflation data in the week ahead.
Bill Ackman sounds off. The billionaire hedge fund manager foresees challenges for regional banks and commercial real estate, but thinks Elon Musk’s X will ultimately succeed. Here are six of his best quotes from a recent interview.
A China economic downturn could hit these stocks the worst. A Bank of America note highlighted 10 stocks with the greatest revenue exposure to China. From Wynn Resorts to Broadcom, these stocks have the most on the line regarding the state of China’s economy.
🎾Novak Djokovic defeated Daniil Medvedev in the men’s U.S. Open final to win his 24th Grand Slam title.
Novak Djokovic has won so many Grand Slam singles...
Novak Djokovic has won so many Grand Slam singles titles in so many different ways it is getting extremely difficult to keep track of them.
Djokovic, a Serb, further solidified his reputation as the greatest player of the modern era on Sunday with a clinical, straight-sets win over Daniil Medvedev of Russia.Floating across the court and swinging his racket with the ease and grace that top players a decade younger, and even more junior, can mostly only dream about, Djokovic took advantage of a flat start from Medvedev, then outlasted his friend in an epic second set and finally took apart his Monte Carlo neighbor, 6-3, 7-6 (5), 6-3.
Biden's recent moves signal tougher stance on oil and gas
President Joe Biden's recent actions restricting oil and gas development in Alaska, Wyoming, Colorado...
President Joe Biden's recent actions restricting oil and gas development in Alaska, Wyoming, Colorado and the Gulf of Mexico reflect a risky shift in the administration's approach to environmental conservation, driven in part by the desire to regain support from climate-conscious young voters, according to energy analysts. American Petroleum Institute President and CEO Mike Sommers expressed concern, stating, "What we're seeing right now is, on all federal lands and all federal waters, they are doing everything they can to stifle production in the United States."
