Global Oil Prices Fall
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Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Martin Rowson on climate change, and the price of olive oil – cartoon
Continue reading...The Guardian - World - Climate -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Wildfires rage in Canada’s oil hub
Blazes put more than 2mn barrels a day of supply at risk amid geopolitical tensions in Middle East and RussiaFinancial Times - World -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
Chevron to sell UK North Sea assets as it exits ageing oil basin
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in regionFinancial Times - Business - United Kingdom -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
Extent of oil spill following barge collision with Texas bridge unclear: Coast Guard
Officials are monitoring an oil spill in Texas waterways after the partial collapse of a bridge that was struck by a barge.ABC News - Top stories -
Chevron to sell off its remaining North Sea oil and gas fields
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers. Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.. The ...The Guardian - World -
Texas barge crash spills "environmentally toxic" oil into water
The barge was carrying vacuum gas oil, which has been linked to skin cancer and lung issues and is considered "environmentally toxic."CBS News - Top stories -
Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech -
China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
Global Economy Will Grow More Than Expected, UN Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
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Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing
A wildfire that has forced thousands of people out of their homes in Canada’s oil sands hub city of Fort McMurray, Alberta is being held in place as rain and cooler temperatures sweep through the areaABC News - World -
New endangered listing for rare lizard could slow oil and gas drilling in New Mexico and West Texas
Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered speciesABC News - Tech -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
Experts say coral reef bleaching near record level globally because of 'crazy' ocean heat
Scientists say temperatures that have gone “crazy haywire” hot, especially in the Atlantic, are close to making the current global coral bleaching event the worst in historyABC News - Tech -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
Boy, 5, dies in fall from block of flats
A neighbour says the boy's parents are "inconsolable" after his death in east London.BBC News - Top stories -
Schumer's AI roadmap falls flat with advocates
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story How advocates reacted to Schumer's AI 'roadmap' Civil rights, technology and labor advocates are warning that the bipartisan artificial intelligence (AI) ...The Hill - Politics - Artificial Intelligence -
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German Bunds Seen More Attractive Than U.S. Treasurys in Near Term
German Bunds look to offer more value versus Treasurys during the countdown to ECB interest-rate cuts, but major rallies in Bunds are unlikely, Societe Generale said.The Wall Street Journal - World - Germany -
Stocks Mixed After 40000 Milestone
Stocks were mixed after major U.S. markets pulled back from their record highs on Thursday.The Wall Street Journal - World - Stock Market -
Energy bills predicted to fall by 7% in July
If the forecast proves correct, it would mean a typical annual bill could be £500 lower than last summer.BBC News - Top stories - Energy -
House passes TICKET Act in an effort to increase transparency in pricing
The House passed the Transparency in Charges for Key Events Ticketing Act on Wednesday in an effort to increase price transparency for consumers.NBC News - Top stories -
A divided Congress agrees: Buying concert tickets is frustrating and needs to be fixed.
The U.S. House of Representatives resoundingly passed a bill Wednesday that would mandate more transparency on ticket prices for live events and ban practices that jack up concert prices.MarketWatch - Business