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☕️What Else is Brewing Friday Morning
Markets: The stock market was closed yesterday to give...
Markets: The stock market was closed yesterday to give traders time to ~~sleep it off~~ start the new year off right. And although stocks dipped slightly on Wednesday before the champagne started flowing, they still capped off an impressive year. Despite volatility as the market reacted to ever-changing tariff news, hope for AI (which some fear is a bubble) carried the day. All three major indexes rose over 2025, and the S&P 500 clinched its third straight year of double-digit gains. It’s also likely to be remembered as the year retail investors joined the big leagues.

A fire at a New Year’s party in a Swiss ski resort’s bar killed about 40 people and left more than 100 injured, authorities said yesterday.

Zohran Mamdani was sworn in as the mayor of New York City, after campaigning on addressing affordability with changes like free buses and child care. Many of his ambitious proposals would require raising taxes on wealthy New Yorkers—something that would require support from the state government.

Multiple people were killed amid protests in Iran over economic conditions.

Tariffs on furniture and kitchen cabinets that President Trump had slated to begin yesterday were delayed for a year. The US also sharply lowered planned tariffs on Italian pasta.

The ACA subsidies at the heart of the government shutdown fight expired, raising insurance premiums for millions of Americans.

President Trump said Wednesday that he would withdraw National Guard troops from Chicago, Los Angeles, and Portland, Oregon. The announcement came after the Supreme Court upheld a ruling blocking the deployment in Chicago.

Betty Boop entered the public domain yesterday after the copyright protection on the cartoon character expired. Notable works about several fictional detectives also became available for public use, including writings about Nancy Drew, Sam Spade, and Miss Marple.
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DAILY OIL PRICE: December 30, 2025
Crude Oil: 57.95 (-0.13)....
- Crude Oil: 57.95 (-0.13).
- Nymex MTD AVG: 57.8610.
- Natural Gas: 3.972 (-0.715).
- Gasoline: 1.7210 (+0.0058).
- Spreads: February/March (+0.21) March/April (+0.16).
- Plains WTI Posting: 54.43 (-0.13).
Source: Odessa American
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U.S. stocks close lower for 3rd straight day as Fed minutes dim rate-cut hopes
The "Santa Claus rally" tends to boost...
The "Santa Claus rally" tends to boost stocks during the last week of December, but it seems like Santa has been absent this week.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all ended Tuesday slightly lower. Although the losses weren't too drastic, it was the third trading day in a row in which the three major U.S. stock indexes were lower at market close.

Meanwhile, metals markets — including gold, silver and copper — continued their year-end rally. The most active gold and silver contracts are both currently on pace for their strongest year since 1979.

The Dow Jones Industrial Average fell 94.87 points and ended the day at 48,367.06, about 0.2% lower, according to FactSet.

The S&P 500 was down 9.50 points to 6,896.24, about 0.1% lower.

The Nasdaq Composite was down 55.27 points to 23,419.08, finishing 0.2% lower.
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U.S. Blockade Leaves $900 Million of Venezuelan Oil Stranded at Sea
A tightening U.S. naval blockade has left...
A tightening U.S. naval blockade has left approximately $900 million worth of Venezuelan crude stranded at sea, marking a significant escalation in geopolitical tensions. Following the recent seizure of a sanctioned tanker, dozens of vessels are currently idling in the Caribbean or diverting to avoid interception. Reports indicate that over 11 million barrels are stuck, as the U.S. Coast Guard enforces a comprehensive maritime "quarantine" aimed at choking the financial lifelines of the Maduro administration.

For oil and gas professionals, this disruption signals a volatile shift in global heavy crude flows. While Chevron continues limited exports under specific licenses, most "shadow fleet" operators have suspended operations. This bottleneck has forced PDVSA to offer steeper discounts to Asian buyers, with Merey heavy crude widening its spread against Brent. Industry analysts warn that if the blockade persists, Venezuela may face imminent well shut-ins due to exhausted storage capacity, potentially removing up to 500,000 barrels per day from the market.
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Octopus Energy to Spin Off Kraken in Deal Valuing Platform at $8.65 Billion
In a landmark move for the utility technology...
In a landmark move for the utility technology sector, Octopus Energy has officially announced the spinoff of its AI-driven platform, Kraken, at a valuation of $8.65 billion. This demerger follows a successful $1 billion funding round led by D1 Capital Partners, with participation from major institutional investors including Fidelity International and Ontario Teachers' Pension Plan.

Kraken currently services over 70 million accounts globally for major industry players like EDF, Tokyo Gas, and National Grid. By transitioning into an independent entity, the company aims to accelerate its expansion as a neutral operating system for the global energy transition. Octopus Energy will retain a 13.7 percent stake while utilizing $320 million in additional fresh capital to bolster its own retail and renewable operations. Analysts view this structural separation as a strategic precursor to a potential initial public offering within the next two years, signaling a new era for energy digitalization.
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