Oil capped its longest streak of daily losses this year as hawkish signals from Federal Reserve officials raised concerns about a glut of crude building up in storage. A significant rise in US inventories and a broader risk-off sentiment sparked by the prospect of continued Fed rate hikes weighed on oil this week. The headwinds were exacerbated by the federal government’s plan to continue to draw down the country’s Strategic Petroleum Reserve, with 26 million more barrels slated for the market. Crude has been stuck in a narrow channel since early December. Expectations that China’s return from Covid-19 lockdowns will…
Author: Automotivedealernews.com
Philadelphia police have announced an arrest following the fatal shooting of a driver during Friday morning’s rush hour in West Philadelphia. The fatal shooting happened shortly before 9 a.m. near the intersection of 54th and Locust streets, police said. A man in his 20s suffered a gunshot wound to the chest while his car was on the road. Investigators said the man was taken to a local hospital where he died from his injuries. Police said investigators made an arrest in the shooting and recovered a gun, but did not immediately identify the victim or the individual arrested in connection…
New Jersey (United States) – Lubricant Viscosity Index Improvement Market research is an intelligence report with painstaking efforts made to study the correct and valuable information. The data that has been analyzed is done by considering both the existing top players and the upcoming competitors. Business strategies of key players and new industries entering the market are studied in detail. SWOT analysis, revenue breakdown, and contact information are shared in this analysis report. Get sample PDF copy (including FULL TOC, graphs and tables) of this report @ https://www.maccuracyreports.com/report-sample/559812 Some of the major companies influencing this market include: Company A, Company…
State-owned Transnet Pipelines has selected Vopak Terminal Durban as its preferred partner to submit a joint bid for Transnet’s National Ports Authority’s request for proposals to appoint a terminal operator for the liquefied natural gas (LNG) at the port of Richards Bay. This marks an important milestone in Transnet Pipelines’ long-term growth plans and its energy transition from oil to gas, he says. The two sides are working to conclude a joint development agreement and say they look forward to a successful collaboration. To view the latest videos from Creamer Media, click here Source link
image: Mercedes-BenzMercedes-Benz is not as optimistic about the future as one would expect, the car companies are still working through their semiconductor stagnation at different rates, and Russia barely has a new car market. All this and more in this Friday edition of The morning shift by February 17, 2023.1st gear: just hoping for the bestMercedes-Benz ended 2022 on a high note, posting $21.8 billion in annual earnings, above analysts’ projections, and an adjusted return on sales of 14.6%. The company seems to have every reason to be optimistic about 2023, but CEO Ola Källenius is pretty down on the…
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Fitch Solutions Country Risk & Industry Research revealed its latest NYMEX RBOB gasoline price forecasts in a new report sent to Rigzone on Thursday. According to the report, the company sees the commodity averaging $2.70 per gallon in 2023, $2.38 per gallon in 2024, $2.34 per gallon in 2025 and $2.24 per gallon in 2026. A Bloomberg consensus highlighted in the report predicts the commodity will reach $2.79. per gallon this year, $2.86 per gallon in 2024, $2.50 per gallon in 2025 and $2.31 per gallon in 2026. The Fitch Solutions report forecast that the NYMEX RBOB gasoline price was…
19-year-old dies after being hit by car in South Carolina, coroner says Updated: February 17, 2023 at 11:14 am EST A 19-year-old man died at the hospital after being struck by a vehicle in Greenville County, according to the Greenville County Coroner’s Office. (Video of the scene above) Antione Marquee Miles, of Greenville, was struck on White Horse Road near Two Notch Road Thursday evening, the coroner’s office said. They said Miles had crossed all three southbound lanes and was struck in the second northbound lane. Miles died at the hospital. The vehicle that struck Miles remained at the scene.…
SOLAR: A federal court rejects the utilities’ argument that a solar-plus-storage facility in Montana is too large to be a “qualified facility” under a law that requires some utilities to buy electricity from eligible projects. (Utility Dive) TOO: • Washington state officials recommend approval of two proposed 80 MW solar facilities and begin reviewing a separate 160 MW project. (Yakima Herald-Republic)• An electric vehicle charging company is starting to build a 75 MW solar facility in Southern California. (Within electric vehicles) UTILITIES:• Federal regulators are conducting “enhanced surveillance” to determine whether market manipulation caused natural gas price spikes in California…
With the thirty-sixth ordinary session of the Assembly of Heads of State of the African Union (AU) held in Ethiopia over the weekend of February 18 and 19, civil society organizations (CSOs) have called for the AU to play a more ambitious role in creating a fossil fuel-free energy future in Africa. CSOs have begun circulating a report titled “The Fossil Fuel Fallacy” to heads of state and ministers attending the AU meeting. The paper describes how the expansion of gas production in Africa allegedly undermines almost all elements of development, including increasing the risk of stranded assets and expensive…