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• Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
  LONDON (Reuters) -OPEC+ supply cuts could erode...
  LONDON (Reuters) -OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday.
  
  Tighter supply driven by oil output cuts from OPEC and its allies, together known as OPEC+, and rising global demand have underpinned a rally in oil prices, with Brent crude hitting highs of over $88 a barrel on Thursday, the highest since January.
  
  The IEA said if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter and 1.2 million bpd in the fourth, "with a risk of driving prices still higher".
  
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• ☕️What Else is Brewing Friday Morning
  Virgin Galactic successfully launched its ...
  Virgin Galactic successfully launched its first crew of tourists into space.
  
  The number of US suicides reached a record high last year, according to preliminary CDC data.
  
  Waymo and Cruise have gotten permission from California regulators to run robotaxis 24/7 in San Francisco.
  
  Amazon is scrapping 27 of its 30 private-label clothing brands to a) cut costs and b) fend off regulatory scrutiny, per the WSJ.
  
  Update: Lil Tay, the social media star whose Instagram account said she died on Wednesday, said she was very much alive and that her account was hacked.
  
  A New Zealand supermarket’s experiment using AI to generate recipes didn’t go well. The AI recommended meals such as deadly chlorine gas and “poison bread sandwiches.” Chefs, you’re safe for now.
  
  
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• Jailed Americans freed from Iranian prison
  Thanks to a ...
  Thanks to a US–Iran swap, five Iranian American dual citizens held in the notoriously brutal Evin Prison in Tehran have been moved to house arrest, according to a lawyer for one of them, and they’ll soon be allowed to leave the country. In exchange, the US promised to release multiple Iranians incarcerated for violating sanctions and will allow Iran to use $6 billion of frozen funds for humanitarian purposes, multiple news outlets reported. The agreement comes as a number of Americans remain in foreign prisons on dubious charges, including WSJ reporter Evan Gershkovich, who is detained in Russia.
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• Death toll from Maui wildfire rises to at least 53
  LAHAINA, Hawaii — A search of the wildfire...
  LAHAINA, Hawaii — A search of the wildfire devastation on the Hawaiian island of Maui on Thursday revealed a wasteland of obliterated neighborhoods and landmarks charred beyond recognition, as the death toll rose to at least 53 and survivors told harrowing tales of narrow escapes with only the clothes on their backs.
  
  A flyover of historic Lahaina showed entire neighborhoods that had been a vibrant vision of color and island life reduced to gray ash. Block after block was nothing but rubble and blackened foundations, including along the famous Front Street, where tourists shopped and dined just days ago. Boats in the harbor were scorched, and smoke hovered over the town, which dates to the 1700s and is the biggest community on the island’s west side.
  
  “Lahaina, with a few rare exceptions, has been burned down,” Hawaii Gov. Josh Green told The Associated Press. More than 1,000 structures were destroyed by fires that were still burning, he said.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for September delivery...
  Benchmark U.S. crude oil for September delivery fell $1.58 to $82.82 a barrel Thursday. Brent crude for October delivery fell $1.15 to $86.40 a barrel.
  
  Wholesale gasoline for September delivery fell by 3 cents to $2.90 a gallon. September heating oil fell 6 cents to $3.15 a gallon. September natural gas fell 20 cents to $2.76 per 1,000 cubic feet.
  
  
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