Heightened uncertainty, resilient oil and natural gas markets, surging...
Heightened uncertainty, resilient oil and natural gas markets, surging AI-driven power consumption and peak global gasoline demand are just some of the trends expected to shape the global energy landscape this year, according to S&P Global's 2025 Energy Outlook. "How governments, companies, and consumers react to uncertainty and emerging trends will be crucial for 2025 outcomes and will also serve as a key signpost for the success of the energy transition and meeting decarbonization goals," said S&P Global Commodity Insights Head of Future Energy Pathways Dan Klein.
☃️ First major storm of the year barrels toward 60 million Americans
Children from Kansas City to Washington, DC, may be enjoying a snow day...
Children from Kansas City to Washington, DC, may be enjoying a snow day today as severe winter weather conditions are forecast for 30 states. A polar vortex is threatening to dump heavy snow and ice from the Plains to the mid-Atlantic. Kentucky, Virginia, West Virginia, Kansas, Arkansas, and Missouri declared a state of emergency. Over 3,000 flights have been canceled, and United, Southwest, Delta, and American Airlines are waiving change fees. The National Weather Service warned the Central US to expect “dangerous or impossible driving conditions and widespread closures.”
CES 2025 kicks off on Tuesday. Las Vegas will be the...
CES 2025 kicks off on Tuesday. Las Vegas will be the center of the tech world for four days with the start of the world’s largest consumer tech trade show. AI will be the star of the show, of course: Expect to see AI integrated into everything from TVs to phones to toothbrushes. But be wary of the hype, as one of the darlings of last year’s CES was Humane’s AI Pin, which flopped nearly as hard as Juicero. Nvidia CEO Jensen Huang, the face of the AI revolution, is scheduled to give a keynote address to open the conference.
NFL playoffs are set. The opening weekend of the NFL playoffs will feature six games across three days and won’t involve the Cowboys or Aaron Rodgers. Saturday’s slate has Chargers vs. Texans at 4:30pm on CBS and Steelers vs Ravens at 8pm on Prime Video. Sunday’s tripleheader schedule features the Broncos playing the Bills at 1pm on CBS, the Packers visiting the Eagles at 4:30pm on Fox, and the Commanders taking on the Bucs at 8pm on NBC. Wild card weekend concludes with the Vikings battling it out with the Rams at 8pm on ESPN.
The College Football Playoff semifinals are Thursday and Friday. Notre Dame will face Penn State in the Orange Bowl on Thursday, and Texas will take on Ohio State in the Cotton Bowl the following night.
Markets: Welcome to the first full trading week of 2025,...
Markets: Welcome to the first full trading week of 2025, wherein stocks will try to snap out of their New Year’s malaise. Despite a bounce-back day on Friday, the three major indexes are down over their last five trading sessions (the Santa Claus rally wasn’t a thing this year). Still, the clouds have dissipated above CrowdStrike, the cybersecurity firm at the heart of the largest IT outage in history last year. Its stock has been fully rebooted since that debacle, regaining all of the $30 billion in market cap it lost in the aftermath.
The suspected New Orleans attacker made two visits to the city recently and used Meta smart glasses to film the area and plan the attack, an FBI agent said.
Jeff Baena, a screenwriter and director, died on Friday. He was the husband of Aubrey Plaza.
Starlink wi-fi services will be available on United flights beginning in the spring.
One year after a door plug blew out of an aircraft during an Alaska Airlines flight, Boeing is still trying to climb out of a steep hole.
NatGas in Storage Shows YOY Drop for First Time Since 2022
U.S. natural gas crossed a storage threshold, according to the U.S. Energy...
U.S. natural gas crossed a storage threshold, according to the U.S. Energy Information Administration’s weekly storage report on Jan. 3.
For the first time since December 2022, the amount of gas in storage decreased year-over-year, according to the EIA. The market was not bullish on the news, however, as the natural gas price fell following warm weather forecasts and reported production increases.
The U.S. withdrew 116 Bcf of natural gas from storage for the week ending Dec. 27, leaving the total amount of storage at 3.529 Tcf. During the same period in 2023, the U.S. held 3.480 Tcf of natural gas, or 67 Bcf more.
It was the first time in two years that overall storage levels fell from 12 months before, according to analysts. Stocks still remain higher than the five-year average of 3.259 Tcf, according to the EIA.