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☆ I got remarried, and I'm raising 3 boys in a blended family. Kid-free travel helps us bond as a couple.
▼ + stars: | 2024-04-28 | by ( Sara Lyle | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My husband and I are raising a blended family with three boys — 8, 13, and 15 — who each go to a different school with slightly different start times. Once the boys are off, my husband leaves for work, and I get started on my to-dos from the home office. The couple being cringe-y, as their youngest says, on a trip to New York City last fall without the kids. Sara LyleWe weren't together, pre-kidsMy husband and I were never a couple before having kids; we were with other partners.

Persons: —, we've, Sara Lyle, It's Organizations: Service, Business, American Psychological Association, APA, New York City Locations: Colorado Springs, Caribbean, Denver, New York, Florida, New Orleans, New York City, France, Singapore, Southeast Asia

☆ A Secret Garden to Discover Before the Cruise Ships Do
▼ + stars: | 2024-02-27 | by ( Nina Burleigh | ) www.nytimes.com time to read: 1 min

The hiking trail to Middleham Falls on the Caribbean island of Dominica is all wet leaves, slippery black stones and steps formed by tree roots. It could be a path in Middle-earth, shrouded, shadowy and green, fit for hobbits and fairies. Where sunlight pierced the canopy, rainbows formed in the mist, almost close enough to poke. Here and there, hummingbirds drew nectar from huge blossoms. The goal on that January day: a 200-foot forest cascade filling and refilling little pools on the valley floor, where I could — as one does in the secret hot pools and isolated waterfalls of Dominica — shed my clothes, slip into water and commune with the hummingbirds like a fairy queen.

Locations: Dominica, Dominica —

☆ How vending machines help states battle the opioid crisis: ‘You don’t know when you’re going to need these products’
▼ + stars: | 2024-02-22 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +13 min

A CNN analysis of state health departments finds that at least 33 states and the District of Columbia have naloxone vending machines. Other states, like Delaware, don’t currently have vending machines but plan to launch programs this year. Machines need to be restocked every dayOklahoma’s naloxone vending machine program launched in June. Naloxone vending machine programs often can face opposition from the communities where they are placed. He says he has heard some criticisms or “difficult” questions about the naloxone vending machines and other programs.

Persons: CNN —, Jason Hall, don’t, “, ”, “ You’re, Leo Guerrero, Marshall Hawkins, Hall, you’ve, I’ve, ” Hall, Lori Tremmel Freeman, Heath Hayes, they’re, ” Hayes, Jason Hall refills, Hayes, Carla Sofronski, it’s, ” Sofronski, ’, that’s, Dr, Sanjay Gupta, Jason Organizations: CNN, Hall, District of Columbia, Oklahoma Department of Mental Health, Substance Abuse, Marshall Hawkins Hall, US Centers for Disease Control, Prevention’s National Center for Health Statistics, “, National Association of County, City Health, of Mental Health, Substance, Reduction, CNN Health Locations: Oklahoma, United States, California, New York, Oregon, Delaware, Michigan, Wayne, Oklahoma City, Cincinnati, Clark County , Nevada, Tulsa ., Pennsylvania

☆ China is learning to prepare for a drawn-out war after watching Russia struggle for years in Ukraine: think-tank
▼ + stars: | 2024-02-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China is showing signs that it's thinking about a drawn-out war after watching Russia, the IISS said. It shows Beijing is considering how it might not achieve a "swift victory" if it goes to war, an IISS analyst said. AdvertisementBeijing's military leaders appear to be preparing China for the possibility of a long-drawn war after observing Russia's protracted conflict in Ukraine, according to an international think-tank. Heavy losses in Ukraine, coupled with reports of mistreatment of conscripts and contract soldiers on the battlefield, have been stumbling blocks for Russian military recruitment. AdvertisementThe IISS report said China has been gleaning other lessons from the war, though the think-tank said it's difficult to confirm what exactly Beijing is learning.

Persons: —, IISS, Nouwens Organizations: Service, Kremlin, PLA Army, International Institute for Strategic Studies, Liberation Army, Nikkei Asia, Nikkei, PLA Locations: China, Russia, Beijing, Ukraine

NAIROBI, Kenya (AP) — Gas explosions at an industrial building in Kenya's capital sent a huge plume of fiery smoke rising over homes early Friday and injured at least 29 people, authorities said. Nairobi residents who took several videos with their phones were heard speaking in concerned tones, some of them screaming. Government spokesman Isaac Mwaura said a company was refilling gas cylinders when the fire started and it badly damaged the building where the company was based. Kenya Red Cross ferried 29 injured people, the organization posted on its X social media account. The proximity of the industrial company to residences raised questions about enforcement of city plans.

Persons: Isaac Mwaura Organizations: —, Kenya Red Cross Locations: NAIROBI, Kenya, Nairobi

[1/2] Israeli soldiers stand in order, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near Israel's border with Gaza, in southern Israel, December 4, 2023. The U.S. official spoke after three days of resumed aerial bombardments of southern Gaza left residents pulling the bodies of children and adults from the rubble. But the U.S. official said reducing military support to Israel would carry major risks. On Friday, Israel's military began posting grid-based maps online ordering Palestinians to leave parts of southern Gaza, directing them towards the Mediterranean coast and Rafah, near the Egyptian border. Residents and journalists on the ground said intense Israeli airstrikes hit southern Gaza on Monday, killing and wounding dozens of Palestinians.

Persons: Amir Cohen, Israel's, Biden, Kamala Harris, Antony Blinken, Israel, Benjamin Netanyahu, Ophir Falk, Seth Binder, Binder, Eylon Levy, Jake Sullivan, Omar Shakir, Humeyra Pamuk, Jonathan Saul, Maggie Fick, James Mackenzie, Steve Holland, Don Durfee, Daniel Wallis Organizations: Hamas, REUTERS, U.S, Health Ministry, Washington, United, Reuters, Reuters Graphics, East Democracy, Biden, Democratic, Israel, . National, Palestine, Human Rights, Amnesty, Thomson Locations: Israel, Palestinian, Israel's, Gaza, LONDON, BEIRUT, U.S, United States, East, Gaza City, Rafah, Jerusalem, Washington

☆ As Groundwater Dwindles, Powerful Players Block Change
▼ + stars: | 2023-11-24 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +19 min

They serve on the board of Groundwater Management District 3, which since 1996 has overseen the pumping of 16.2 trillion gallons of groundwater — enough to fill Lake Mead, the country’s largest reservoir, twice over. From Maryland to Hawaii groundwater levels are falling, often the result of overpumping and underregulation, made worse by climate change. Groundwater Levels at Goldstrike Mine Observation wells at Goldstrike show a pattern of immense groundwater withdrawals. “And money talks.”Kansas City Groundwater Management District 3 KANSAS Wichita KANSAS Groundwater Management District 3 Kansas City Groundwater Management District 3 KANSAS WichitaGrowing corn in the Kansas drylandsIn Kansas, the power of the men who run Groundwater Management District 3 is enormous. Groups like Groundwater Management District 3 have until 2026 to come up with plans to sustain groundwater.

Persons: Lake Mead, —, Catherine Hospital —, we’re, ”, Lindsay Vaughn, David Robert Elliott, Joe Newland, Nevada Adam Sullivan, Christina Erling, Erling, Adam Sullivan, Emily Najera, Kim Raff, Julie Pazina, ” Barrick, Michael McCarthy, Barrick, ” Mr, McCarthy, Michael H, Taylor, Patrick Donnelly, don’t, Helena Billings, it’s, Galt, Wylie Galt, Bill Galt, Dutton, Wylie, Errol Galt, Galt’s, Matthew Hamon, The New York Times Eugene Graf, Montana homebuilders, The New York Times Montana, Brad Dundas, Dundas, Mr, John Tubbs, Tubbs, The New York Times Errol Galt, Eugene Graf, Graf, Guy Alsentzer, “, Lucas Bessire, Vaughn, Newland, Mark Rude, Kan, The New York Times Mark Rude, Ms, Lall, Ali Zaidi, Biden, Jared Huffman, Huffman Organizations: Groundwater Management, Walmart, State, The New York Times, Kansas Farm Bureau, New York Times, NEVADA Carson City Las, Barrick, Carson City Las, NEVADA Carson City, North, Barrick Gold Corporation, Nevada Gold Mines, Nevada, of Water, University of Nevada, Center for Biological Diversity, Republican, Representatives, The Times, Galt, state’s Department of Natural Resources, The New York, Montana Fish, Montana Building Industry Association, KANSAS, KANSAS Wichita KANSAS Groundwater Management, KANSAS Wichita, Kansas drylands, Management, Kansas City Topeka, Kansas City, Topeka Wichita, Survey, University of Oklahoma, Groundwater, Kansas, Columbia Water Center, Columbia University, Natural Resources Defense Council, Marin Municipal Water District, Fisheries Locations: United States, Garden City, Kan, America, Lake, Kansas, Maryland, Hawaii, Barrick, NEVADA Carson, Carson, Nevada, Canada, Goldstrike, North America, Barrick’s, ” MONTANA, Helena, Bozeman MONTANA, Helena Billings Bozeman, Montana, Galt, ”, Broadwater County, Elk, Confederate, Sulphur Springs, Mont, Upper Missouri, Townsend, ” Kansas, Groundwater Management District, KANSAS Wichita KANSAS, KANSAS Wichita KANSAS Groundwater Management District, KANSAS, Kansas drylands In Kansas, District, Wichita, Kansas City Topeka, Management District, Topeka, Kansas City, Arkansas, Washington, California, Marin

MURFREESBORO, Tenn. (AP) — A police officer shot and killed a man who tried to rob an armored car employee in Tennessee and then charged at the officer with two knives, authorities said. The worker pulled a gun on Murphy, who then ran inside a nearby deli, Flowers said. The body camera footage shows officer Adam Claiborne opening the door of the deli and say “hey” at Murphy, who is behind the counter. Murphy then turns and charges at the officer with knives in both hands above his head. The officer, armored car worker and six employees in the deli were not injured, Flowers said.

Persons: Steven James Murphy, Murphy, Larry Flowers, Flowers, Adam Claiborne, Claiborne Organizations: —, Murfreesboro Police, Police, The Tennessee Bureau, Investigation Locations: MURFREESBORO, Tenn, Tennessee

☆ US plans to buy 1.2 million barrels of oil for Strategic Petroleum Reserve
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Department of Energy officials lead reporters on a tour of the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - The U.S. plans to buy 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after it sold off the largest amount ever last year, the Energy Department said on Monday. If the purchase is finalized it will have bought back about 6 million barrels. Last month the Energy Department said it hopes to buy 3 million barrels for December delivery and another 3 million for January at the higher price. It said it expects to issue additional oil purchase solicitations for the reserve on a monthly basis through at least May 2024.

Persons: Richard Carson, Joe Biden, Joe, Biden, Timothy Gardner, Sandra Maler, Chris Reese Organizations: of Energy, Strategic Petroleum Reserve, REUTERS, Rights, Energy Department, Thomson Locations: Freeport , Texas, U.S, Ukraine, Saudi Arabia, Russia

☆ Biden Keeps the Billions Flowing to Iran
▼ + stars: | 2023-11-10 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

Review and Outlook: After paying $6 billion to Iran, how will Biden prevent future ransom grabs? Images: AP Composite: Mark KellyYou’d think the Biden Administration would have realized by now that enriching the Iranian regime is a dangerous mistake. Iran exported nearly 1.4 million barrels of oil per day in October, sustaining its average for 2023. This is up 80% from the 775,000 barrels per day Iran averaged under the Trump Administration’s “maximum pressure” strategy, according to United Against Nuclear Iran, the group of former U.S. Ambassador Mark Wallace and Sen. Joe Lieberman , whose Tanker Tracker generates the best public data we have.

Persons: Biden, Mark Kelly You’d, Ali Khamenei ’, Mark Wallace, Sen, Joe Lieberman Organizations: Biden Administration, refilling, Trump, United Against Nuclear Locations: Iran, United Against Nuclear Iran

☆ Once loyal Calibrate patients say they regained weight after the startup struggled to get them weight-loss meds on time
▼ + stars: | 2023-11-02 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +14 min

Christina started taking Wegovy in September 2021 after getting a prescription through Calibrate, a startup that promises science-backed help with weight loss. She never received medication through Calibrate again, and she's since gained back all the weight she lost. Calibrate says its goal for Masters patients is to get them off weight-loss medications and help them maintain the weight loss they achieved. A former employee on Calibrate's clinical team said the startup allocated fewer doctors to second-year patients because those patients historically required less help from Calibrate. At least four second-year patients Insider spoke with said they sought refunds from Calibrate after they didn't receive the services they paid for.

Persons: Christina, She'd, I'm, Florian Gaertner, they've, They've, Isabelle Kenyon, Kenyon, Fortune, Jenny Craig, Ozempic, it's, Katie, Calibrate's, didn't, It's, James, they'd, Arantza Pena Popo, Disha, aren't, hasn't, Michael Siluk, Beth Organizations: Getty, Calibrate's, Better, LinkedIn Locations: York, Chicago

Fluctuations since the attack pushed oil prices as high as $96. Until something like that happens, “the oil market is going to be like everyone else, monitoring the events in the Middle East,” Lipow said. One reason 1970s-style gas lines are unlikely: U.S. oil production is at an all-time high. Weekly domestic oil production has doubled from the first week in October 2012 to now. Lawmakers from both parties have urged Biden to block Iranian oil sales, seeking to dry up one of the regime’s key sources of funding.

Persons: ” Fatih Birol, ”, Andrew Lipow, ” Lipow, Mike Sommers, Sommers, “ America’s, “, Joe Biden's, Israel, Biden, Sofia Guidi Di Sante, Wyoming Sen, John Barrasso, “ Joe, Barrasso, ____ McHugh, Choe Organizations: WASHINGTON, International Energy Agency, ”, Associated Press, Brent, Lipow Oil Associates, U.S . Energy Information Administration, Energy Department, American Petroleum Institute, Hudson Institute, Commerzbank, Oil, Rystad Energy, Republican, Senate Energy, Natural Resources Committee, Democratic, Keystone XL, Strategic Petroleum Reserve, The Energy Department, The Treasury Department, Treasury Locations: East, Israel, Saudi Arabia, Russia, China, Paris, Gaza, Iran, Houston, Hormuz, U.S, Europe, Washington, OPEC, Lebanon, Venezuela, The U.S, Wyoming, America, Frankfurt, Germany, New York

☆ Golf simulators, doggy daycare, flexible leases, and free rent: Why now may be the best time to shop for a new office
▼ + stars: | 2023-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Now may be the time to shop for an office lease. As office vacancies soar to record highs in some markets, office landlords often have no choice but to find new and creative ways to attract new clients. "When you have 55-year-old managing partners of a law firm looking for office space, and they see the golf simulator, they get pretty excited," he said. Long-term leases, which usually feature landlord-financed renovations to the office space, are now being offered with lease-termination options. Office landlords without access to this capital level are often left with only one lever: renting below market price.

Persons: Michael Cohen, Michael Lirtzman, Anthony Tahlier, Andrew Lustgarten, Lirtzman, Sterling, Lustgarten, it's, Matt Petit, Goldman Sachs, Risa Letowsky, Letowsky, Watts, Tishman Speyer, aren't, That's, Cohen, they've, he's, hasn't Organizations: Colliers, Kastle Systems, West Chicago, Sterling Bay's, Century, El, New, Palm, Chase, Wall, JPMorgan, Deutsche Bank, Adler, Stachenfeld, Silverstein, Lawyer Locations: Chicago, Bian, Sterling, Los Angeles, New York, Miami, Liberty, Chase Manhattan, Alamo, CBRE, Los Angeles and New York, LA, United States

☆ The many states of the brain: What’s going on inside your head and how to optimize it
▼ + stars: | 2023-09-14 | by ( Dr. Sanjay Gupta | ) edition.cnn.com time to read: +11 min

Honestly, in the beginning, it was to just try to help my own brain; my grandfather had dementia, and that worried me. I’ll also explore what happens to our brain when we express gratitude, swipe on a dating app (over and over again) and eat certain (brain) foods. Our executive function can work really well and can help keep us on track. “There are peaks and valleys of focus throughout the day, and this corresponds with the ebb and flow of our attentional resources,” Mark explained. Also, she said, “if you have some really important task to do, take a really good break before you begin it.

Persons: I’ve, Stephen King, Michael Pollan, I’ll, Gloria Mark, ”, Mark, we’re, ” Mark, Adam Yee, It’s, you’ve, Dr, Sanjay Gupta, “, Andrea Kane Organizations: CNN, University of California, CNN Health Locations: Irvine

The Chicago-based fast food chain plans to eliminate self-service soda machines at its U.S. restaurants by 2032, McDonald's confirmed this week. For years, McDonald's customers have used the machines to fill and refill their beverages without additional trips to a cashier. Behind-the-counter soda machines already exist at some other fast food chains — and a handful of McDonald's locations across the country have also begun the transition. McDonald's digital sales — made up of app, delivery and kiosk purchases — accounted for almost 40% of systemwide sales for the second quarter of 2023. The price increases that have helped fuel McDonald’s sales in recent quarters will moderate as inflation comes down, Chief Financial Officer Ian Borden said during July's Q2 earnings call.

Persons: McDonald's, Uber, Ian Borden Organizations: Associated Press, McDonald's, The State, Revenue Locations: Coke, Chicago, U.S, McDonald's USA, Illinois

☆ Oil prices are surging again, but this time Biden has way less ammunition to bring them down
▼ + stars: | 2023-09-09 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Oil prices are surging again, but the Strategic Petroleum Reserve remains near 40-year lows. Last year, the Biden administration drained 180 million barrels from the SPR as oil prices soared. Flooding the market with all that supply helped bring oil prices down — and helped cool inflation, which had shot up as well. But while it has ticked up slightly, the level remains near 40-year lows at about 350 million barrels. The stock market has started to feel the ripple effects from rising oil prices.

Persons: Biden, Brent, Enverus Organizations: Strategic Petroleum Reserve, Service, Biden, Petroleum Reserve Energy Department, Energy Department, Federal Reserve Locations: Wall, Silicon, Ukraine, Saudi Arabia, Russia, Texas , New Mexico, North Dakota

☆ Baratunde Thurston Eats His Feelings (With Ice Cream)
▼ + stars: | 2023-08-12 | by ( Kathryn Shattuck | ) www.nytimes.com time to read: +1 min

1Public LibrariesLibrarians are heroes, and libraries are some of our last truly democratic public spaces, literally open to all. It’s chocolate within chocolate within chocolate. But if you’re feeling like maybe your society is tending toward fascism, Jeni’s ice cream can help you process that feeling. And for Black men, at times it can be even tougher. Kings Corner is a safe space for us to check in with each other, to hold ourselves high and hold ourselves accountable.

Persons: that’s Organizations: Librarians, Patriot, Hydro Locations: ”

☆ JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco
▼ + stars: | 2023-08-07 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

JPMorgan, BofA, and Wells Fargo are among those refilling the FDIC's deposit insurance fund. The FDIC's fund recently took a $13 billion hit following the failure of First Republic Bank. Wall Street's largest lenders are set to pay nearly $8.9 billion to refill the Federal Deposit Insurance Corporation (FDIC) coffers after this spring's banking fiasco. JPMorgan tops the list as the biggest contributor, expected to pay $3 billion towards the US government's deposit insurance fund, according to Bloomberg. What followed was a $15.8 billion hole in the FDIC's deposit insurance fund.

Persons: Wells, Goldman Sachs, Morgan Stanley, Jamie Dimon Organizations: titans, JPMorgan, First Republic Bank, Morning, Deposit Insurance Corporation, Bloomberg . Bank of America, Citi Group, FDIC, Silicon Valley Bank, Signature Bank, Fed Locations: Wells Fargo, Silicon

☆ Shake Shack is adding more tech to its stores — and it could mean a big boost to its bottom line
▼ + stars: | 2023-08-03 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Shake Shack says it expects to have self-service ordering kiosks in all of its restaurants by the end of Q3. Shake Shack first began experimenting with kiosks in 2017 when it debuted its first kiosk-only store in New York City. Kiosks encourage premium drink ordersAt Shack Shack, Garutti and Fogerty said kiosks have boosted profits in other ways beyond labor. Kiosks are also helping Shake Shack stores to enhance hospitality, a core mission among all Meyer-founded restaurants. For about a year, Fogerty said Shake Shack workers in some stores have been redeployed to run food to tables instead of having customers respond to buzzers.

Persons: Danny Meyer, Randy Garutti, Katie Fogerty, that's, Brandon Barton, Barton, Jessica Tyler, Taco Bell, Shack, Garutti, Fogerty, Meyer, we've Organizations: Service, New York City, Business, Taco, QSR, Shack, Labor Locations: Wall, Silicon, New York City

More actively traded October Brent crude futures rose $1.02, or 1.2%, to settle at $85.43 a barrel. The September Brent contract, which expired at settlement on Monday, rose 0.7% to close at $85.56 a barrel. U.S. West Texas Intermediate crude futures rallied $1.22, or 1.5%, to $81.80 a barrel. Reuters GraphicsPump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick OxfordSaudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September.

Persons: Goldman Sachs, Brent, WTI, Nick Oxford, Edward Moya, Phil Flynn, Shariq Khan, Natalie Grover, Florence, Mohi Narayan, Christina Fincher, Louise Heavens, David Evans, Nick Macfie, Paul Simao Organizations: Saudi, . West Texas, Midland , Texas U.S, REUTERS, Organization of Petroleum, Reuters, Strategic Petroleum Reserve, Futures, Thomson Locations: Riyadh, OPEC, Goldman Sachs BENGALURU, Midland , Texas, Nick Oxford Saudi Arabia, Saudi, U.S, India, Bengaluru, London, Florence Tan, Singapore, New Delhi

How much more will arrive in the market of last resort depends on China, which is stepping up imports of refined zinc. China's refined zinc imports, exports and net tradeCHINA FLIPS BACK TO NET IMPORTERChina imported 45,329 metric tons of refined zinc in June, the highest monthly tally since May 2021. The country exported 81,000 metric tons of zinc in 2022, including shipments of 7,800 metric tons to Mexico and 3,400 metric tons to the United States, two destinations that haven't in the past featured in China's zinc trade. The country's monthly refined zinc production has been notching double-digit growth rates since March. So far, however, there is scant evidence of a significant build of surplus metal in the mainland market.

Persons: It's, Paul Simao Organizations: London Metal Exchange, China, Shanghai Futures Exchange, Shanghai Metal, International, Study, Reuters, Thomson Locations: Singapore, Asian, contango, China, CHINA, Mexico, United States, backwardation, Shanghai, Europe, Antwerp

☆ Israel's workhorse Merkava tank could soon be refilling foreign arsenals depleted by the war in Ukraine
▼ + stars: | 2023-07-17 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Israel may be about to export its workhorse Merkava tank for the first time. Israel isn't selling the newest version of the 45-year-old Merkava tank family, the Merkava 5, or even the Merkava 4, which is used in front-line Israeli armored units. An Israeli Merkava tank in the Negev desert in November 1997. Israel Defense Forces/Michael ShvadronThough Israel is small, home to less than 10 million people, it's one of the world's top 10 arms exporters. If Merkava tanks are sold overseas, they may yet end up on surprising battlefields.

Persons: Yair Koles, Israel isn't, Antoine GYORI, Merkava, Mark, Michael Shvadron, Israel —, Efraim Inbar, MENAHEM KAHANA, Recep Erdogan, Michael Peck Organizations: Israel, Service, Israel's Ministry of Defense, Haaretz, Cypriot, El, Getty, Israel Defense Forces, United Arab, Morocco —, US Army, Jerusalem Institute for Strategy, Security, Polisario, Iranian, Defense, Foreign Policy, Twitter, LinkedIn Locations: Israel, Ukraine, Wall, Silicon, Arab, European, Turkey, Cyprus, Morocco, Spanish, El Espanol, Israeli, Soviet, Lebanon, Israel's, United Arab Emirates, Bahrain, Algeria, AFP, Turkish, Russian, Europe, Eastern, Merkavas, Russia, Syria, Iran, North Korea, Forbes

☆ Energy Secretary vows to 100% refill emergency oil stockpile by Biden's second term
▼ + stars: | 2023-07-12 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Fourth of July gas prices took an almost unprecedented plunge on an annual basis. “I forecast oil prices headed higher this decade and, if that’s right, then SPR refilling will largely stop. Although important symbolically, those 12.3 million barrels represents just a drop in the bucket. The reserve held 346.8 million barrels of oil as of the week ending July 7 according to federal data. Beyond the efforts to buy oil, the Energy Department won approval from lawmakers to cancel Congressionally-mandated sales of 140 million barrels of oil through fiscal 2027.

Persons: Joe Biden, Jennifer Granholm, Biden, ” Granholm, Granholm, it’s “, I’m, ”, Bob McNally, George W, Bush, “, McNally, We’re, Granholm ‘ Organizations: New York CNN Business —, CNN, Energy, Strategic Petroleum Reserve, Energy Department, AAA, Congressionally, Rapidan Energy Locations: Russia, Ukraine, Saudi, Saudi Arabia

London Metal Exchange (LME) three-month tin has been treading water in a $23,700-26,800 range since the start of May. Although the demand outlook remains subdued, tin supply is facing two big threats, one from Myanmar and one from Indonesia, the world's largest exporter. Global tin supply, meanwhile, is now improving after an early-year drop in Indonesia shipments. Refined tin production fell year-on-year in May and Guangxi China Tin Group, the world's sixth-largest tin producer, has just announced a 40-50 day maintenance break from the end of this month, according to the ITA. Indonesia currently only has enough downstream capacity to absorb 5% of its domestic tin production, meaning that any restrictions will likely come in phases.

Persons: Minsur, International Tin Association . Tin, It's, David Evans Organizations: London Metal Exchange, Global, Shanghai Futures Exchange, U.S, Global Semiconductor, HIT, World Semiconductor Trade Statistics, Local, United Wa State Army, International Tin Association ., ITA, Guangxi China Tin Group, Thomson, Reuters Locations: Midwest, London, imploding, Myanmar, Indonesia, Peruvian, United States, Europe MYANMAR, Wa, China, Wa State, Guangxi China, INDONESIA

LONDON, June 8 (Reuters) - Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting liquefied natural gas (LNG) cargoes to Asia. The surplus has narrowed from +282 TWh (+80% or +2.41 standard deviations) at the end of the traditional winter drawdown season on March 31 (“Aggregated gas storage inventory”, Gas Infrastructure Europe, June 8). Chartbook: Europe gas inventories and pricesInventories have responded to lower prices, with front-month futures prices down by more than 90% from its peak in August 2022. Lower prices in Europe are also diverting more LNG cargoes to price-sensitive customers in South and East Asia for power generation. Related columns:- Europe’s gas prices slide on swollen inventories (May 11, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Susan Fenton Organizations: European Union, Gas Infrastructure, Thomson, Reuters Locations: Asia, United Kingdom, Gas Infrastructure Europe, Chartbook, Europe, South, East Asia

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