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☆ Focus: US space startups' latest struggles marked by layoffs, shake-ups
▼ + stars: | 2023-08-15 | by ( Joey Roulette | ) www.reuters.com time to read: +4 min

REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 15 (Reuters) - U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. Those struggles follow the April bankruptcy filing by satellite launch firm Virgin Orbit, which was owned by billionaire Richard Branson. "The focus for investors in this space is very different than what it was a couple years ago. The financial headwinds faced by rocket startups have triggered pain elsewhere as well. It shifted much of its focus to government defense programs as its commercial customers face tight capital markets, CEO Laurienti said.

Persons: Mike Blake, Jeff Bezos, Richard Branson, Joe Laurienti, Caleb Henry, Chris Kemp, Will Marshall, Quilty's Henry, Laurienti, Joey Roulette, Ben Klayman, Matthew Lewis Organizations: REUTERS, Elon, SpaceX, Astra, Labs, Ursa, Reuters, Planet Labs, Thomson Locations: Long Beach , California, U.S, Denver, Washington

☆ Georgia grand jury indicts Trump, Giuliani, and others over attempts to overturn the 2020 election results
▼ + stars: | 2023-08-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

A Georgia grand jury indicted Donald Trump on charges related to his effort to overturn the 2020 election. After reportedly making 18 attempts to contact Raffensperger, Trump and his team finally got through to him. Rudy Giuliani arriving at a courthouse in Atlanta to face questions from the special grand jury. That special grand jury completed a report earlier this year summarizing their findings and making charging recommendations to the Fulton County District Attorney's office. Some of those fake electors have reportedly accepted immunity deals with prosecutors in the months since the completion of the special grand jury report.

Persons: Donald Trump, Rudy Giuliani, Mark Meadows, Trump, Joe Biden, Fulton, Fani Willis, Mark, Sidney Powell, Willis, —, Brad Raffensperger, baselessly, Raffensperger, Brynn Anderson, Brian Kemp, Gov, Geoff Duncan, Chris Carr, Trump's, Cleta Mitchell, Kurt Hilbert, Frances Watson, Maria Alejandra Cardona, Kemp, Lindsey Graham of, Jenna Ellis, John Eastman, Jack Smith, Smith, Stormy Daniels, Ben Gray, he's, Jean Carroll Organizations: Service, Georgia, Georgia's, Raffensperger, Georgia Republican, Trump, Justice, Republican, New York Attorney, Capitol Locations: Georgia, Wall, Silicon, Fulton County's, Mark Meadows, Atlanta, Trump, Meadows, Sen, Lindsey Graham of South Carolina, Fulton County, Washington , DC, Florida, Manhattan

☆ Trump was indicted in Georgia over his efforts to overturn the 2020 election. Here's what the 13 counts in his 4th criminal case mean.
▼ + stars: | 2023-08-15 | by ( Sonam Sheth | Rebecca Cohen | ) www.businessinsider.com time to read: +8 min

Trump was indicted in Georgia over his efforts to overturn the 2020 election results in the state. Making false statements and writingsGeorgia law says that it's illegal for an individual to knowingly and willfully make a false, fictitious, or fraudulent statement or representation to officials. ConspiracyTrump was charged with conspiracy to commit impersonating a public officer, conspiracy to commit forgery in the first degree, conspiracy to commit false statements and writings, and conspiracy to commit filing false documents. Asking Raffensperger, to "find" thousands of votes in order to nullify Biden's 2020 election victory. Asking Raffensperger in September 2021 to decertify the 2020 election, "or whatever the correct legal remedy is, and announce the true winner."

Persons: Trump, Donald Trump, Rudy Giuliani, Mark Meadows, Jeffrey Clark, Sidney Powell, John Eastman, Fani Willis, Joe Biden, Willis, it's, Rahmani, Brad Raffensperger, Georgia's, Brian Kemp, David Ralston, Raffensperger, Injunctive Organizations: Service, New York, White House, Trump —, Federal, Organization, Prosecutors, Trump, United States Senate, State, United States, Court, Northern, Northern District of, Electoral, Georgia Gov, Georgia's, Representatives, GOP, Farm Locations: Georgia, Fulton County, Wall, Silicon, State of Georgia, United States, Northern District, Northern District of Georgia, Fulton County , Georgia

☆ Scott McAfee: Who is judge assigned to oversee Trump case in Georgia?
▼ + stars: | 2023-08-15 | by ( Shawna Mizelle | ) edition.cnn.com time to read: +2 min

Brian Kemp, a Republican, called him a “strong addition to my administration.”“His experience as a tough prosecutor equips him to search out fraud, waste, abuse, and corruption, and bring those to justice who break the law,” Kemp said. According to his inspector general biography, McAfee obtained his undergraduate degree from Emory University in music, where he received a scholarship to play cello in the university’s orchestra. He received his JD from the University of Georgia School of Law. In addition to his professional legal career, McAfee is a volunteer scuba diver and captain of his tennis team. Trump, who is among 19 people charged in the case, has denied any wrongdoing.

Persons: Donald Trump, Scott McAfee, Brian Kemp, ”, ” Kemp, McAfee, Trump Organizations: Washington CNN, Court, Georgia Gov, Republican, United, Northern District of, Fulton County Atlanta Judicial, Emory University, University of Georgia School of Law, Trump Locations: Georgia, Georgian, Fulton County, United States, Northern District, Northern District of Georgia, Fulton County Atlanta, Kennesaw , Georgia

Hedge funds and other money managers purchased the equivalent of 10 million barrels of futures and options on U.S. diesel and European gas oil over the seven days ending Aug. 8. In the premier NYMEX WTI contract, short positions had been reduced by 91 million barrels or two-thirds since June 27. The total position has risen to a net long of 707 billion cubic feet (47th percentile for all weeks since 2010) up from a net short of 1,061 billion cubic feet (7th percentile) at the end of January. But the surplus had narrowed slowly but progressively from 299 billion cubic feet (+12% or +0.81 standard deviations) on June 30. Related columns:- U.S. diesel prices surge anticipating a soft landing (Aug. 11, 2023)- Crude oil and fuels draw funds as sentiment shifts (Aug. 7, 2023)- Short-covering by hedge funds lifted oil prices (Aug. 1, 2023)- Depleted U.S. diesel stocks attract hedge funds (July 20, 2023)John Kemp is a Reuters market analyst.

Persons: Guan, Brent, John Kemp, Jan Harvey Organizations: Phillips, Los, Los Angeles Refinery, Funds, ICE, U.S, Thomson, Reuters Locations: Los Angeles, Carson , California, U.S

☆ Donald Trump: A stunning possible fourth indictment looms over the former president and the 2024 election
▼ + stars: | 2023-08-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Trump believes he will be among them and is already fundraising off of the possibility of more criminal charges, casting them as Democratic efforts to interfere in the 2024 election. But there will be key differences between the potential case in Georgia and Trump’s previous indictments. Investigators have long suspected the breach was not an organic effort sprung from sympathetic Trump supporters in the Republican stronghold. Smith, for example, has asked a judge to open a trial into the election interference charges in January – just two weeks before the Iowa caucuses. It’s too early to speculate how headlines about these cases could weigh on Trump or Biden in November 2024.

Persons: Donald Trump, quagmire, Fani Willis, Willis, Trump, He’s, Jack Smith’s, Brian, Kemp, There’s, Renato Mariotti, ”, Attorney Alvin Bragg, he’s, Smith, Geoff Duncan, –, he’d, George Chidi, Sen, Jen Jordan, Brad Raffensperger, Biden’s, Raffensperger, Tanya Chutkan –, ” Chutkan, General Merrick Garland, David Weiss, Hunter Biden, Joe Biden, Republicans –, Joe, ’, It’s Organizations: CNN, Democrat, “ CNN, House, Manhattan, Attorney, Republican, Independent, Democratic, Trump, Milwaukee, GOP, Iowa, Fair, Justice, Biden, Republicans, Trump Save America Locations: Atlanta, Georgia, Manhattan, Florida, Washington , DC, Washington, Fulton County, Peach, Coffee County , Georgia, –, Iowa

☆ Georgia prosecutors found texts and emails that link Trump's legal team to a voting breach, report says
▼ + stars: | 2023-08-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Ga. prosecutors have found emails and texts linking members of Trump's legal team to a key voting breach, per CNN. The breach in question occurred in Coffee County, a rural GOP-heavy jurisdiction in southeastern Georgia. And some of the individuals linked to the breach in Coffee County might also be charged in the larger criminal investigation. According to individuals who spoke with CNN, investigators in Georgia have amassed evidence that the breach in Coffee County was driven by Trump's legal team so his allies could examine sensitive voting software. Per the CNN report, Georgia investigators have probed the participants of the breach, which included Misty Hampton, the Coffee County official who appeared to have written that invitation.

Persons: Rudy Giuliani, Sidney Powell, Donald Trump's, Fani Willis, Trump, Joe Biden —, president's, Biden, Brian Kemp, Brad Raffensperger, Raffensperger, Willis, Misty Hampton, Powell, Giuliani Organizations: CNN, GOP, Service, Republican, Fulton, Trump, Georgia, Gov, White, Coffee Locations: Coffee County, Georgia, Wall, Silicon, Atlanta, Fulton County, Fulton

☆ Georgia Gov. Brian Kemp needles Trump over his refusal to sign a loyalty pledge committing to back the eventual GOP presidential nominee and says the 2024 race is 'too important for political games'
▼ + stars: | 2023-08-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Kemp on Thursday chided former President Trump over his refusal to sign a GOP loyalty pledge. By signing the pledge, a candidate commits to backing the eventual Republican presidential nominee. During a Newsmax interview earlier this week, Trump scoffed at the GOP debate requirement. Brian Kemp has a stern but simple message for former President Donald Trump: Sign the Republican presidential loyalty pledge. So the former president remains in a precarious political situation in the presidential swing state ahead of 2024.

Persons: Kemp, Trump, Brian Kemp, Donald Trump, Joe Biden, Joe Biden's, Sen, David Perdue, Fani Willis Organizations: Republican, Trump, GOP, Service, Georgia Republican Locations: Wall, Silicon, Newsmax, Georgia, Fulton County

Futures prices for ultra-low sulphur diesel delivered in New York Harbor in September climbed to $135 per barrel on Aug. 9, up from $95 on May 31. Prices for diesel and other distillate fuel oils have been rising much faster than for crude petroleum, widening margins for refiners. Diesel prices are rising as traders anticipate that shortages will quickly re-emerge if the economy avoids falling into a recession later in 2023. The rapid escalation in diesel prices and hedge fund position building is a warning that capacity constraints and upward pressure on goods prices are likely to re-emerge relatively quickly later in 2023 and in 2024. Depleted diesel inventories are a sign that if the economy achieves a mid-cycle soft-landing the second phase of the current expansion could prove short and inflationary.

Persons: Guan, John Kemp, David Evans Organizations: Kinder, Phillips, Los, Los Angeles Refinery, REUTERS, U.S . Energy Information Administration, ICE Futures, U.S . Commodity Futures Trading Commission, U.S, diesel, Diesel, Thomson, Reuters Locations: Los Angeles, Carson , California, U.S, United, New York Harbor, Europe, Singapore

Brian Kemp speaks to voters during a campaign stop at Williamson Brothers Bar-B-Q on November 3, 2022 in Marietta, Georgia. When Kemp refused to overturn Biden’s 2020 win in Georgia, Trump demonized him and recruited former Sen. David Perdue to challenge Kemp in the 2022 GOP gubernatorial primary. Kemp also testified last year before the Atlanta-area special grand jury probing efforts by Trump to overturn the 2020 election in Georgia. Trump said Wednesday night that he wouldn't sign the pledge to support whoever the Republican nominee is because "I can name three or four people that I wouldn’t support for president." Despite that, Kemp recently told CNN he will “certainly” endorse the 2024 Republican nominee, even if it is Trump.

Persons: Brian Kemp, Alex Wong, Donald Trump, Kemp, Joe Biden, Trump, Sen, David Perdue, Stacey Abrams, Fani Willis, Vivek Ramaswamy Ron DeSantis Nikki Haley CNN's Dana Bash Organizations: Williamson, Georgia Gov, Republican, Biden’s, Democratic, Atlanta -, CNN, GOP Locations: Marietta , Georgia, Georgia, Atlanta, Fulton County, Peach State, Trump

☆ Trump Says He Won’t Sign Loyalty Pledge Required for G.O.P. Debate
▼ + stars: | 2023-08-10 | by ( Maggie Astor | More About Maggie Astor | ) www.nytimes.com time to read: +1 min

“We’ve been very vocal with them.”In the Newsmax interview, Mr. Trump said, “I can name three or four people that I wouldn’t support for president,” without naming them. “So right there, there’s a problem right there.”Mr. Trump also said in the interview that he wasn’t convinced it was worth it for him to debate given how far ahead he is in the primary. A recent New York Times/Siena College poll showed him leading the field by an enormous margin, more than 35 percentage points ahead of his nearest competitor, Gov. Some other Republicans criticized Mr. Trump on Thursday for his refusal to commit to supporting a nominee other than himself. Mr. Trump’s vacillation over the pledge is not new; he objected to signing the same loyalty pledge during his first campaign eight years ago.

Persons: ”, “ We’ve, Trump, “, ” Mr, Ron DeSantis, Mr, Joe Biden, Brian Kemp, Georgia, DeSantis, Nikki Haley, Trump’s Organizations: CNN, New York Times, Siena, Gov, ”, Twitter, United Nations, Mr Locations: Florida, South Carolina

A worker turns a valve at an underground gas storage facility near Striy May 21, 2014. Stocks in the European Union and the United Kingdom had climbed to 998 terawatt-hours (TWh) by Aug. 6, according to Gas Infrastructure Europe ("Aggregated gas storage inventory", GIE, Aug. 8). But because inventories finished the winter of 2022/23 at a record high even a smaller-than-average accumulation has left them at record levels. Chartbook: Europe gas inventories and pricesFutures prices for gas delivered in the summer of 2023 have already fallen sharply to encourage more consumption by industrial users and power generators. Related columns:- High prices keep lid on Europe's industrial gas use (July 11, 2023)- Europe’s gas storage is filling too fast (July 6, 2023)- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: Gleb Garanich, Stocks, John Kemp, David Evans Organizations: REUTERS, Gleb Garanich LONDON, European Union, Gas Infrastructure, Thomson, Reuters Locations: Striy, United Kingdom, Europe, Asia, Latin America

REUTERS/Mike Segar/File PhotoLONDON, Aug 7 (Reuters) - Crude oil prices continued to climb as Saudi Arabia’s decision to extend its unilateral production cuts and signs of decelerating inflation and a soft landing in the United States improved sentiment among investors. The total position climbed to 563 million barrels (46th percentile for all weeks since 2013) on Aug. 1, up from just 282 million barrels (5th percentile) on June 27. The most recent week saw a significant number of new bullish long positions initiated (+37 million barrels) as well as former bearish shorts closed out (-14 million). If implemented in full, extra cuts announced by Saudi Arabia and Russia would remove a further 115 million barrels from the market between July and September. In the most recent week, funds were buyers of European gas oil (+20 million barrels), Brent (+19 million), U.S. gasoline (+6 million), U.S. diesel (+4 million) and NYMEX and ICE WTI (+3 million).

Persons: Mike Segar, Brent, John Kemp, Mark Potter Organizations: Bayway, REUTERS, ICE Futures, U.S . Commodity Futures Trading Commission, Petroleum, Traders, U.S ., ICE, U.S . diesel, U.S, Thomson, Reuters Locations: Phillips, Linden , New Jersey, U.S, Saudi, United States, Saudi Arabia, Russia, Ukraine

A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 25, 2019. Experience suggests drilling rates turn down about 4-5 months after futures prices and production rates turn down about 12 months after prices. Like oil, gas production has continued to increase in a lagged response to very high prices during the second and third quarters of 2022. Gas production growth is set to slow sharply in the second half of 2023 and into the first half of 2024 which should erode excess inventories during the winter of 2023/24. Related columns:- U.S. oil and gas production set to turn down later in 2023 (July 5, 2023)- U.S. oil and gas output still rising in response to high prices last year (June 1, 2023)- U.S. oil and gas output growth set to slow sharply (May 3, 2023)- U.S. oil drilling falls in response to lower prices (February 27, 2023)John Kemp is a Reuters market analyst.

Persons: Angus Mordant, John Kemp, David Evans Organizations: REUTERS, Angus Mordant LONDON, “ Petroleum, U.S . Energy Information Administration, OPEC ⁺, Traders, Thomson, Reuters Locations: Loving County , Texas, U.S, Gulf, Mexico, Ukraine, Saudi Arabia, OPEC, Saudi

☆ Astra conducts layoffs, raises debt and shifts focus to spacecraft engines in bid to survive
▼ + stars: | 2023-08-04 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Astra is cutting about 70 employees, as well as reallocating about 50 personnel from its rocket development program over to its space products unit, which builds the company's spacecraft engines. Astra noted that it had 278 total orders for spacecraft engines, as of four months ago, worth about $77 million in contracts. In a separate filing Friday, Astra said it raised $10.8 million in net proceeds from selling debt to investment group High Trail Capital. Astra stock was little changed in after-hours trading Friday from its close at 38 cents a share. In Friday's filing, Astra said it hired PJT Partners as a financial advisor, with the company "focused on thoughtfully pursuing opportunities to raise additional capital."

Persons: Chris Kemp, It's, Riley, PJT Organizations: Astra, High, Capital, Systems, Roth Capital, PJT Partners

Chartbook: Electricity and diesel useIndustrial electricity use and distillate fuel oil consumption are both correlated with the manufacturing and freight cycle and therefore with the purchasing managers index. Distillate fuel oil consumption actually rose by almost +0.8% in the three months from March to May compared with a year earlier. The strength of domestic distillate consumption helps explain why fuel oil inventories have remained well below the prior ten-year seasonal average. DISTILLATE SUPPLIEDThe resilience of industrial electricity use and especially apparent distillate fuel oil consumption may indicate the ISM manufacturing index is overstating the depth of the downturn. Accumulation of secondary and tertiary stocks in April and May would imply lower apparent consumption in June and July.

Persons: Guan, John Kemp, Barbara Lewis Organizations: Angeles Refinery, California Air Resources Board, The Institute, Supply, U.S . Energy Information Administration, U.S, Thomson, Reuters Locations: Angeles, California, Carson , California, U.S, doldrums

☆ Here are the likely identities of Trump's co-conspirators in the January 6 indictment
▼ + stars: | 2023-08-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Trump was indicted for a third time on Tuesday, this time for his attempts to overturn the 2020 election. The indictment refers to six unnamed co-conspirators in the wide-ranging plot. The 45-page indictment claims that six of Trump's associates were co-conspirators in the plot, but doesn't name any of them. The indictment alleges that co-conspirator 1 played a key role in attempts to overturn the 2020 election results in Arizona, including directly engaging with then-Arizona House Speaker Rusty Bowers, a Republican. Co-conspirator 3: Sidney PowellFormer Trump attorneys Sidney Powell, leaves the Federal Court in Washington, Thursday, June 24, 2021.

Persons: Trump, Donald Trump, Rudy Giuliani, Eduardo Munoz, Rusty Bowers, Bowers, Giuliani, John Eastman, Susan Walsh, Bob Woodward, Robert Costa, Sidney Powell, Mike Lindell, Manuel Balce Ceneta, —, Brian Kemp, Powell, Jeffrey Clark, Clark, Kenneth Chesebro, Trump's Organizations: Service, Department, Justice, Rudy Giuliani Former New York City, REUTERS, New York, Arizona, Republican, Trump, John Eastman AP, CNN, Court, Dominion Voting, AP, Georgia Gov, Justice Department, Environment, Natural Resources Division, Electoral, The New York Times Locations: Wall, Silicon, Afghanistan, New York City, U.S, Arizona, Washington, Wisconsin, Arizona , Georgia, Michigan, Nevada , New Mexico , Pennsylvania, Pennsylvania

☆ Who are the Trump co-conspirators in the 2020 election interference indictment?
▼ + stars: | 2023-08-01 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

CNN, however, can identify five of the six co-conspirators based on quotes in the indictment and other context. They include:Co-Conspirator 1 is former Trump lawyer Rudy Giuliani. Among other things, the indictment quotes from a voicemail that Co-Conspirator 1 left “for a United States Senator” on January 6, 2021. The quotes in the indictment match quotes from Giuliani’s call intended for GOP Sen. Tommy Tuberville, as reported by CNN and other outlets. The indictment quotes from the memo, and those quotes match a two-page memo that Eastman wrote, as reported and published by CNN.

Persons: Donald Trump, “, Trump, Rudy Giuliani, ”, GOP Sen, Tommy Tuberville, Ted Goodman, Giuliani, John Eastman, Mike Pence, Eastman, Charles Burnham, ” Burnham, Sidney Powell, Powell, Brian Kemp, Jeffrey Clark, Clark, rebutting Clark’s, Clark ., Kenneth Chesebro, Chesebro Organizations: CNN, United, GOP, Electoral, Eastman, Trump, Georgia ”, Georgia Gov, Justice, Justice Department, Department, Clark, Chesebro Locations: United States, Georgia, Pennsylvania

Most of the buying was in contracts linked to crude oil (+169 million barrels) with a particular emphasis on NYMEX and ICE WTI (+132 million). Short-covering has helped lift front-month WTI futures prices to over $81 per barrel on Aug. 1 from less than $68 on June 27. European gas oil futures and options have experienced an especially rapid increase in positions over the last four weeks (+29 million barrels). As a result, the net position rose to 41 million barrels (44th percentile) on July 25 from just 12 million barrels (18th percentile) on June 27. Related columns:- Depleted U.S. diesel stocks attract hedge funds (July 20, 2023)- Saudi output cut entices funds back into oil market (July 17, 2023)- Extreme pessimism gripped hedge funds on oil (July 3, 2023)- Is oil market’s glass half-full or half-empty?

Persons: Nick Oxford, ⁺, John Kemp Organizations: REUTERS, Reuters Connect, U.S . Commodity Futures Trading Commission, ICE Futures, ICE, Fund, U.S, Thomson, Reuters Locations: Midland , Texas, U.S, Saudi Arabia, Saudi, United States, WTI, Brent, North America, Europe, China

☆ Georgia Gov. Brian Kemp, who rejected Trump's push to overturn the 2020 presidential results in his state, called Rudy Giuliani's admission of making false election claims 'very troubling'
▼ + stars: | 2023-07-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Brian Kemp steadfastly defended Georgia against claims of voter fraud after the 2020 election. Kemp, who rejected Trump's push to overturn Biden's Ga. win, dismissed Giuliani's claims in 2020. "Which is really troubling when you're trying to have secure, accessible, fair elections in the state," Kemp continued. "He doesn't know the Georgia Bureau of Investigation very well," Kemp said of Giuliani in December 2020. After the 2020 election, Trump continued to needle Kemp and Georgia Secretary of State Brad Raffensperger over their refusal to boost his false election claims and prod legislators to reverse the outcome.

Persons: Brian Kemp, Kemp, Giuliani's, Brian Kemp of Georgia, Rudy Giuliani's, Donald Trump, Kemp —, Joe Biden's, Georgia —, Sandra Parrish, Giuliani, Ruby Freeman, Shaye Moss, —, Trump, Fulton, Brad Raffensperger, Raffensperger Organizations: WSB Radio, Service, New, New York City, Farm Arena, Fulton County, Biden, Democratic, Trump, Georgia Bureau, Investigation Locations: Georgia, Wall, Silicon, New York, Fulton County, Atlanta, Fulton, Cobb County

☆ MLB roundup: Royals' Bobby Witt Jr. hits walk-off slam in 10th
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +11 min

He allowed three runs on five hits while striking out five and walking none in six innings. Royals starter Brady Singer allowed two runs on four hits and two walks in five innings, fanning 10. Gore (6-8) allowed three runs on five hits and four walks while striking out two over five innings. Ohtani did not bat when his turn came up with the bases loaded in the ninth inning, leaving due to cramps in both calves. Rays 4, Astros 3Jose Siri utilized his exceptional speed to manufacture the decisive run in the ninth inning as Tampa Bay defeated host Houston.

Persons: Bobby Witt Jr, Jay Biggerstaff, Witt, Jhoan Duran, Kyle Farmer's, Taylor Clarke, Jorge Polanco's, Scott Barlow, Gray, Brady Singer, Pete Alonso, Max Scherzer, Alonso, MacKenzie Gore, Rico Garcia, Scherzer, Luis Garcia, Gore, Anthony, Tommy Kahnle, Grayson Rodriguez, Gerrit Cole, Felix Bautista, Aaron Judge, Jake Fraley, Spencer Steer, Elly De La Cruz, groundout, Brandon Williamson, Alexis Diaz, Freddie Freeman, Amed Rosario, Los Angeles, Bryan De La Cruz, Luis Arraez, Braxton Garrett, Jason Foley, Matt Chapman, Danny Jansen, Whit Merrifield, Merrifield, Kevin Gausman, Shohei Ohtani, Ohtani, Mickey Moniak, Kyle Schwarber, Zack Wheeler, Craig Kimbrel, Ji Man Choi, Mitch Keller, Marcell Ozuna, Austin Riley, Matt Olson, Orlando Arcia, Eddie Rosario, Olson, Ozuna, Milwaukee's Abraham Toro, Joey Wiemer, Tyrone Taylor, Andruw Monasterio, Sal Frelick, Luis Robert, Jake Burger, Touki Toussaint, Robert, Xzavion Curry, Tim Anderson, Burger, Toussaint, Casas, San Francisco . Red, Josh Winckowski, Rob Refsnyder, Kutter Crawford, Joc Pederson, Logan Webb, Joe Musgrove, Manny Machado, Musgrove, Fernando Tatis Jr, Dane Dunning, Marcus Semien, Jose Siri, Siri, Ryan Pressly, Yandy Diaz, Colin Poche, Pete Fairbanks, Mike Tauchman, Louis, Alec Burleson, Adbert Alzolay, Lars Nootbaar, Patrick Wisdom, Dansby Swanson, Trey Mancini, Drew Smyly, Tom Murphy, Eugenio Suarez, Ty France, Julio Rodriguez, Murphy, Logan Gilbert, Ketel Marte, Dominic Canzone, Zack Gelof, Ramon Laureano, Tony Kemp, JP, Trevor May, Randal Grichuk, Kyle Freeland Organizations: Kansas City Royals, Minnesota Twins, Kauffman, Minnesota, Twins, Kansas City, Mets, Nationals, New York, Washington, Orioles, Yankees, Anthony Santander, Baltimore, Santander's, Reds, Dodgers, Cincinnati, Los Angeles, Marlins, Tigers, Miami, Detroit, Blue Jays, Angels, Toronto, Los, Phillies, Pirates, Philadelphia, Pittsburgh, Braves, Brewers, Atlanta, Milwaukee, Brewers . White Sox, Chicago, Cleveland, The White Sox, . Red Sox, Giants, Boston, San, San Francisco . Red Sox, Red Sox, Padres, Rangers, San Diego, Rays, Astros, Tampa Bay, Houston, Four Rays, Cubs, Cardinals, Mariners, Diamondbacks, Cal Raleigh, Arizona, Raleigh, Seattle, Athletics, Oakland, Colorado, JP Sears, Thomson Locations: Kansas City , Missouri, USA, New York, Los, Los Angeles, Toronto, Philadelphia, Cleveland, San Francisco ., Texas, Seattle, Phoenix, Arizona, Denver, Colorado

Distillate stocks have increased slightly from last year when they were just 113 million barrels, but otherwise they are at the lowest level for the time of year since 2004. The actual and prospective tightness of diesel supplies has started to draw interest from hedge funds and other investors. There have been increases in both U.S. diesel (+27 million barrels) and European gas oil (+49 million barrels) over the period. Adjusted for inflation, U.S. heating oil prices were close to the long-term average in June (48th percentile for all months since 1990). But if the economy avoids a recession, diesel prices could escalate relatively rapidly.

Persons: Stocks, John Kemp, Paul Simao Organizations: U.S . Energy Information Administration, U.S, Thomson, Reuters Locations: Chartbook, U.S, Europe, Singapore

The country recorded massive increases in generation from hydro (+64 billion kWh), solar (+13 billion kWh) and wind farms (+9 billion kWh). As a result, there was a sharp decline in thermal generation (-66 billion kWh) including gas (-45 billion kWh), oil (-10 billion kWh), coal (-8 billion kWh) and biomass (-3 million kWh). Hydro power was +43 billion kWh (+11%) above the prior ten-year average in 2022 and the highest for any year since 2011. In consequence, gas-fired generation was -24 billion kWh (-37%) below the prior ten-year average and the lowest since 2011. LNG IMPORTS DOWNBrazil relies on imports to cover more than a quarter of its gas consumption – rising to almost half in years when gas generation is high.

Persons: John Kemp, Barbara Lewis Organizations: U.K . Energy Institute, Hydro, HYDRO, National Electric, ., Ministry of Mines and Energy, Thomson, Reuters Locations: Brazil, Europe, Chartbook, Bolivia, United States, Qatar, Trinidad and Tobago, Asia, Midwest

In the most recent week, funds were major buyers of Brent (+48 million barrels), NYMEX and ICE WTI (+33 million), European gas oil (+17 million), U.S. gasoline (+12 million) and U.S. diesel (+5 million). Across all six contracts, funds purchased a total of 163 million barrels in the two most recent weeks after Saudi Arabia extended its cut of 1 million barrels per day (b/d) for an extra month. Funds had been buyers in each of the five most recent weeks, purchasing a total of 822 billion cubic feet since June 6. The surplus was little changed from +279 billion cubic feet (+12% or +0.69 standard deviations) on June 6 and was actually up from +44 billion cubic feet (+2% or +0.14 standard deviations) at the end of January. Related columns:- Saudi output cut removes downside risk from oil market (July 12, 2023)- Oil investors less bearish after Saudi output cut extended (July 10, 2023)- U.S. oil and gas production set to turn down later in 2023 (July 5, 2023)- Is oil market’s glass half-full or half-empty?

Persons: Brent, repurchases, John Kemp, Bernadette Baum Organizations: ICE, U.S ., Saudi, Fund, Funds, Thomson, Reuters Locations: Saudi, China, Europe, U.S, Saudi Arabia

☆ Georgia GOP Gov. Brian Kemp says it's 'humbling' that some people think he'd be 'a good president,' but he remains focused on his current role
▼ + stars: | 2023-07-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kemp said it was "humbling" that his name has been floated as a GOP presidential candidate. Kemp in a recent interview with CBS-affiliate WRBL said that his priority was leading Georgia. "It's humbling that there are people out there that think I would make a good president. However, Kemp left some wiggle room in his comments, even as he previously said he wouldn't seek the White House in 2024. And I just think a Republican president will get the ox out of the ditch, if you will.

Persons: Kemp, WRBL, Brian Kemp —, Donald Trump —, Ron DeSantis, We've, wouldn't, —, Stacey Abrams, Joe Biden Organizations: GOP, CBS, Service, Republicans, Kia, Florida Gov, Trump, House, Democratic, Republican Locations: Georgia, Wall, Silicon, Columbus , Ga, Florida

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