China will be responsible for 25% of the almost 2 million barrels per day increase in global oil demand...
China will be responsible for 25% of the almost 2 million barrels per day increase in global oil demand this year as demand is projected to reach 103.5 million barrels per day, according to a Wood Mackenzie report. Reduced interest rates and healthier economic growth in the second half of the year will contribute to much of the demand surge, said Alan Gelder, Wood Mackenzie senior vice president of research
The energy sector is off to a broadly higher start, despite mixed performances...
The energy sector is off to a broadly higher start, despite mixed performances in the major equity indices, supported by strength in the underlying commodities. U.S. stock index futures pared declines as investors cheered a softer-than-expected inflation print that bolstered expectations of early interest-rate cuts. Data showed the PPI increased 1% every year in December compared with a 1.3% rise expected by economists. On a monthly basis, it ticked lower 0.1%, compared to an estimated 0.1% rise.
WTI and Brent crude oil futures are trading higher for the second-consecutive session as oil tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group. Meanwhile, A Houthis spokesperson said the group would continue to target shipping heading towards Israel. Attacks by the Houthis in the Red Sea have disrupted international commerce on a route between Europe and Asia which accounts for about 15% of the world's shipping traffic.
Natural gas futures are extending gains for the second-straight day as the NOAA's 6-10 day outlook shows below-normal temps over much of the central and eastern US, especially across the Great Plains to the OH Valley.
Oklahoma AG to monitor natural gas market during frigid weather
Oklahoma Attorney General Gentner Drummond announced Friday...
Oklahoma Attorney General Gentner Drummond announced Friday that his office will be monitoring natural gas supply and marketing activity during the frigid weather expected over the next few days.
With bone-chilling temperatures in the forecast, Drummond said he wants to ensure Oklahomans are not exploited as they were during Winter Storm Uri.
🤖Google’s the latest tech giant to conduct mass layoffs
A day after Amazon laid off hundreds of employees in its streaming divisions, Google cut about ...
A day after Amazon laid off hundreds of employees in its streaming divisions, Google cut about a thousand roles across its Assistant and core engineering teams, The Verge reported. The company is also reportedly removing 17 “underutilized” features from its voice-activated Google Assistant software, which launched in 2016 to compete with Apple’s Siri and Amazon’s Alexa. Google announced last year that it would integrate its generative AI chatbot, Bard, into Assistant.
Cutoff Patriots sweatshirts are about to become collector’s items. Bill Belichick announced yesterday...
Cutoff Patriots sweatshirts are about to become collector’s items. Bill Belichick announced yesterday that he is stepping down as New England Patriots head coach after 24 years.
Belichick had a legendary tenure, which included six Super Bowl titles in nine appearances with the Pats, a record 31 postseason wins, and multiple years as the highest-paid coach in US professional sports. Between 2001 and 2019, Belichick and QB Tom Brady made magic together: The Patriots won 76% of regular season games, transforming from a struggling franchise into one of the greatest sports dynasties of all time.
Goldman Sachs reportedly shut down its diversity investment program after fulfilling its $1 billion pledge.
Fruit Stripe gum was discontinued after 50 years in a blow to nostalgic chewers everywhere.
Sperry was sold to Authentic Brands Group, the brand management firm that owns Reebok, for $130 million.
Iran seized an oil tanker bound for Turkey in the Gulf of Oman in retaliation for the US confiscating the same ship and its oil last year.
Jewish students at Harvard sued the school, arguing that it didn’t do enough to punish antisemitic protesters and faculty.
