Drilling activity in the United States continues to pick up, according to Baker Hughes, with a 6-rig rise to the number of active drilling rigs this week, according to Baker Hughes. The total rig count is now at 556—a figure that is 244 up from this time last year. Nevertheless, active rigs are still hundreds …
Continue reading “US oil rig count up by 4 to 454 – Baker Hughes…coming back to life very quickly”
NEW YORK (Reuters) – A record-setting run in U.S. stocks has made some investors wary as concerns grow over the market’s vulnerability to surging inflation, tighter Federal Reserve policy and moderating corporate profit growth. The S&P 500has gained about 24% so far in 2021, and on Monday finished a streak of eight straight all-time closing …
Gasoline prices in California have reached fever pitch, hitting their highest prices ever recorded, according to data from Gas Buddy. Average prices hit $4.68 per gallon today in California, beating out previous records set in 2008 and 2012. Gasoline prices in the United States have continued to climb as stockpiles of the fuel continue to …
Continue reading “California Gasoline Prices Reach Highest In History”
Waterford, in southeastern Ireland, epitomizes the country’s coronavirus conundrum. Why is there an increase in COVID-19 in a nation where about 92% of adults are fully vaccinated? A massive 99.5% of adults over the age of 18 in Co Waterford are double-jabbed. That’s thought to be one of the highest rates of any region anywhere …
As the Delta variant became the dominant strain of the coronavirus across the United States, all three COVID-19 vaccines available to Americans lost some of their protective power, with vaccine efficacy among a large group of veterans dropping between 35% and 85%, according to a new study. Researchers who scoured the records of nearly 800,000 …
Bloomberg is hearing reports that China Evergrande Group made overdue dollar bond interest payments and that sets the developer up to again avoid a default. Customers of international clearing firm Clearstream received overdue interest payments on three dollar bonds issued by Evergrande, a spokesperson for Clearstream said. Two investors who hold two of the notes …
Continue reading “Evergrande Pays Delayed Interest…..Told you so”
LONDON/MILAN (Reuters) – Europe has become the epicentre of the pandemic again, prompting some governments to consider re-imposing unpopular lockdowns in the run-up to Christmas and stirring debate over whether vaccines alone are enough to tame COVID-19. Europe accounts for more than half of the average 7-day infections globally and about half of latest deaths, …
Continue reading “COVID-19’s epicentre again: Europe faces fresh reckoning”
The Dutch cabinet is set to announce a three-week partial lockdown at Friday evening’s press conference, in an effort to get the Netherlands soaring coronavirus infections under control, Dutch media report. Cafes, restaurants and bars will have to close at 7pm, as will non-essential shops. People will also be advised to work at home as …
Thanksgiving air travel is on track to exceed pre-pandemic levels, signaling a busy holiday season for airlines, according to a new analysis. Bookings for Thanksgiving flights are up 78 percent from last year and 3.2 percent from 2019, according to data from Adobe Digital Insights, which tracked online reservations at major airlines through Nov. 7. …
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Cuts fourth-quarter 2021 demand forecast by 330,000 bpd Sees demand at 100 mbpd in Q3 2022, later than earlier thought OPEC Oct output rises 220,000 bpd, but four members pump less Sees more U.S. shale growth in 2022 OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high …
Continue reading “OPEC says high prices to dampen pace of oil demand recovery”