Key measures of consumer prices cooled in September
American consumers experienced more moderate...
American consumers experienced more moderate price increases across several key measures in September as costs climbed only gradually across a range of goods and services, the latest evidence that inflation is continuing to fade toward the Federal Reserve’s goal.
The Consumer Price Index climbed 3.7 percent from a year earlier, a report released Thursday showed. That matched the August reading, and it was slightly higher than the 3.6 percent that economists had predicted.
EIA: US crude oil exports soared in first half of 2023
The US exported an average 3.99 million barrels per day of crude oil in the first six months of 2023,...
The US exported an average 3.99 million barrels per day of crude oil in the first six months of 2023, marking a 19% increase from the same period last year, as well as the highest first-half level since 2015, according to the Energy Information Administration. Europe and Asia were the top destinations for US oil, collectively accounting for 3.43 million bpd of the exported volumes.
Offshore investment slump sparks energy security worries
An E&E News analysis shows a 30% decrease in permits issued for new offshore oil and gas wells during...
An E&E News analysis shows a 30% decrease in permits issued for new offshore oil and gas wells during the first two years of the Biden administration compared to the equivalent period under the Trump administration. Unfavorable policies are deterring companies from making long-term, capital-intensive investments in the US Gulf of Mexico, said American Petroleum Institute Vice President of Upstream Policy Holly Hopkins, calling this "a concerning trend for the future of American energy security."
Canada's $22.6 billion Trans Mountain oil pipeline expansion will start filling its lines with approximately...
Canada's $22.6 billion Trans Mountain oil pipeline expansion will start filling its lines with approximately 4.5 million barrels of oil in early 2024, a process expected to conclude within six to seven weeks. Despite previous concerns about additional delays, a spokesperson has confirmed that the project remains on track for commercial operations by the end of the first quarter of 2024.
The last operational power plant in Gaza went offline yesterday, running out of fuel after Israel fully closed the two entry points into the area, prohibiting the transport of food, fuel, water, and more. The lockdown followed a surprise assault by Hamas over the weekend and the subsequent taking of hostages back into Gaza. See ongoing updates here.
The UAW unexpectedly added nearly 9,000 workers at Ford’s largest truck plant to its strike in a major escalation against Detroit’s Big Three.
Microsoft owes $29 billion in back taxes, according to the IRS.
Disney has raised prices at its theme parks, including for parking and annual passes. The hike comes after Disney said it plans to invest $60 billion in the parks over the next decade.
ACT scores for 2023 grads were the lowest since 1991. It was the sixth year in a row that scores on the test declined.
Salman Rushdie has written a memoir about the knife attack at a literary event last year that left him blind in one eye. The book will be published on April 16.
