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• ☕️What Else is Brewing Wednesday Morning
   Trump met MBS ahead of expected deals. President...
   Trump met MBS ahead of expected deals. President Trump hosted Saudi Crown Prince Mohammed bin Salman at the White House yesterday for a meeting that was supposed to be about deals between the US and Saudi Arabia, but Trump made headlines when he played down the 2018 murder of Washington Post journalist Jamal Khashoggi, whom US intelligence determined was killed at the behest of bin Salman. “Whether you like him or didn’t like him, things happen,” Trump said of the murder victim. The president also praised the crown prince’s human rights record, which Amnesty International has characterized as “an unprecedented crackdown on freedom of expression.” Today, Saudi Arabia is set to announce several deals with US companies, including Amazon and xAI, according to Semafor.
  
  Google released a new version of its Gemini chatbot, which it says gives more sophisticated answers, as the company looks to catch up to OpenAI.
  
  An hourslong internet outage that downed ChatGPT, Spotify, and X was the result of a single configuration file that accidentally got too big, Cloudflare said.
  
  Paramount, Comcast, and Netflix are preparing bids to buy all or parts of Warner Bros. Discovery, the New York Times reported.
  
  The Trump administration moved to further dismantle the Department of Education by directing other agencies to manage its programs.
  
  Intuit signed a $100 million deal with OpenAI that will allow its apps, like TurboTax, to be accessed through ChatGPT.
  
  Eminem is suing the Australian beach brand Swim Shady, alleging that it infringes on his trademarked alter ego, Slim Shady.
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• Dow, S&P 500 book 4th straight daily loss as tech-fueled market rout continues
  Losses on U.S. stocks intensified into the closing bell...

  Losses on U.S. stocks intensified into the closing bell Tuesday, with the S&P 500 and Dow Jones Industrial Average logging a fourth consecutive day of losses.

  
  

  Highflying megacap technology stocks came under more pressure ahead of Nvidia Corp's highly anticipated earnings report Wednesday after the market close.

  
  

  The Dow fell 498.50 points, or 1.1%, to end at 46,091.74, according to FactSet data. The blue-chip index has fallen for four consecutive trading days. It was the largest four-day point and percentage decline since April 21, according to Dow Jones Market Data.

  
  

  The S&P 500 shed 55.09 points, or 0.8%, ending at 6,617.32. The large-cap index also dropped for four straight sessions, booking its longest losing streak since Aug. 21.

  
  

  The Nasdaq Composite tumbled 275.23 points, or 1.2%, to finish at 22,432.85.

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• DAILY OIL PRICE: November 18, 2025
  Crude Oil: 60.74   (+0.83)....
  
  
  • Crude Oil: 60.74   (+0.83).
  
  
  • Nymex MTD AVG: 60.0622.
  
  
  • Natural Gas: 4.371   (+0.010).
  
  
  • Gasoline: 1.9993   (+0.0092).
  
  
  • Spreads: December/January (+0.07)     January/February (+0.24).
  
  
  • Plains WTI Posting: 57.22   (+0.83).
  
  

  
  Source: Odessa American
  
  
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• Enbridge pursues $1.4B oil pipeline capacity expansion
  Enbridge has committed to invest $1.4 billion to expand its Mainline...
  Enbridge has committed to invest $1.4 billion to expand its Mainline and Flanagan South pipelines to the US by 250,000 barrels per day, with completion expected in 2027. The company also plans to evaluate shipper interest next year for a second phase that could add another 250,000 bpd to accommodate rising Canadian supply. Separately, the Army Corps of Engineers postponed its final permit decision on the Line 5 tunnel project until spring 2026 after publishing a new environmental analysis.
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• Jet fuel, petchems to drive oil demand growth through 2040
  Slow adoption of low-carbon technologies, combined with continued reliance...
  Slow adoption of low-carbon technologies, combined with continued reliance on jet fuel and petrochemical feedstocks due to limited alternatives, will push global oil demand to 113 million barrels per day by 2040, up from 103.5 million bpd in 2024, according to a Goldman Sachs report. The bank expects oil use in road transportation to max out around 2030 and AI-driven economic growth to boost oil demand by 3 million bpd by 2040. "This diminishing role of oil in power generation suggests that any AI-driven global power demand boom will not have a large direct effect on oil demand, in contrast to natural gas," the report states.
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