Much of the world will swelter today, with record highs forecast in Europe and a 19th straight day above...
Much of the world will swelter today, with record highs forecast in Europe and a 19th straight day above 110 degrees expected in Phoenix. Less than two weeks after the Earth recorded what scientists said were likely its hottest days in modern history, punishing heat waves are gripping much of the Northern Hemisphere.
Benchmark U.S. crude oil for August delivery fell $1.27 to $74.15 a barrel Monday. Brent crude for September delivery fell $1.37 to $78.50 a barrel.
Wholesale gasoline for August delivery fell 1 cent $2.63 a gallon. August heating oilfell 4 cents to $2.56 a gallon. August natural gasfell 3 cents to $2.51 per 1,000 cubic feet
Dow scores 6th day of wins to start busy week for earnings
U.S. stocks finished at new highs for the year on Monday to kick...
U.S. stocks finished at new highs for the year on Monday to kick off a busy week for corporate earnings,with the Nasdaq leading the way up. The Dow Jones Industrial AverageDJIA rose about 76 points, or 0.2%, ending near 34,585, based on preliminary FactSet data. The S&P 500 indexSPX gained 0.4% and the Nasdaq Composite IndexCOMP closed up 0.9%. That was the Dow’s sixth straight day of wins and marked the highest close since April 2022 for all three major stock indexes, according to Dow Jones Market Data. Equities have rallied as the U.S. economy remains resilient in the face of sharply higher interest rates, keeping investors hopeful about a soft landing, instead of a recession. Treasury Secretary Janet Yellen said on Monday that she doesn’t anticipate a U.S. recession, in an interview with Bloomberg television.
Buckeye Partners acquired carbon capture and storage (CCS) company...
Buckeye Partners acquired carbon capture and storage (CCS) company Elysian Carbon Management from EnCap Flatrock Midstream, Buckeye announced on July 17.
Buckeye is a wholly-owned investment of the IFM Global Infrastructure Fund and owns and operates a portfolio of integrated midstream infrastructure and logistic solutions assets. Buckeye’s acquisition of Elysian’s end-to-end CCS solutions will allow Buckeye to provide industrial and power facilities with lower carbon products for emissions reduction goals.
The acquisition comes as Buckeye furthers its energy transition strategy to become a net zero business by 2040 across Scope 1 and 2 emissions.
Alaskans spent the weekend experiencing an uptick in seismic activity, with a series of volcanic eruptions from the remote Shishaldin Volcano Friday followed by a 7.2 magnitude earthquake late Saturday morning off the southwestern coast, which briefly triggered a tsunami warning.
The volcano is nestled in the middle of the sparsely populated Aleutian Islands, part of the archipelago making up the Alaskan peninsula. Shishaldin started exhibiting low-intensity eruptions Tuesday but began Friday with a burst that sent an ash cloud nearly 40,000 feet in the air. Meanwhile, the Saturday earthquake was the strongest to hit the area since an 8.2 magnitude quake in 2021.
The region sits along the northeastern ridge of the "Ring of Fire"—a set of tectonic boundaries that encircle the Pacific basin, giving rise to numerous volcanoes and frequent earthquakes along its perimeter. See an overview of the subject here (w/video).
