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Chartbook: U.S. crude oil productionOilfield services company Baker Hughes says the number of rigs drilling for oil has risen by 455 in 119 weeks from its post-pandemic low in August 2020, an average of 3.9 per week. Completion rates rather than drilling rates provide a more reliable guide to future trends in production in the short term. The number of new oil and gas wells completed has been broadly stable just below 1,000 per month since March 2022 (“Drilling productivity report”, EIA, Nov. 14). Unless competition rates accelerate, the number of rigs drilling for oil and gas is likely to plateau around current levels, and oil production grow much more slowly in 2023. Related columns:- U.S. oil drilling rises in response to higher prices (Reuters, Feb. 25)- U.S. oil drilling likely to accelerate in 2022 (Reuters, Nov. 17, 2021)John Kemp is a Reuters market analyst.

☆ Poor sleep can make you prickly. Here’s what to do
▼ + stars: | 2022-12-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

Develop a sleep debt from those worries, and you’ll pay a price in your ability to think, plan and manage your emotions. “Sleep debt, also called a sleep deficit, is the difference between the amount of sleep someone needs and the amount they actually get,” said sleep specialist Dr. Raj Dasgupta, an associate professor of clinical medicine at the University of Southern California’s Keck School of Medicine. Research has found many people have little idea how much poor sleep has affected their mood and coping skills, said Dr. Bhanu Prakash Kolla, a sleep medicine specialist in the Center for Sleep Medicine at the Mayo Clinic in Rochester, Minnesota. Loss of sleep can directly affect your ability to control emotions and manage expectations, said Dr. Bhanu Prakash Kolla of the Mayo Clinic. “Sleep medications are seldom the solution for chronically poor sleep and impaired daytime functioning,” he said.

☆ US recession odds are 'extremely elevated' and a downturn is likely to hit within the next year, chief economist says
▼ + stars: | 2022-12-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Vincent Reinhart, the chief economist of Dreyfus Mellon, is expecting a recession to hit within the next 12 months. "There is an extremely elevated chance of recession," he told Bloomberg on Thursday. "It's hard in a sense that they have to put pain on the economy to get inflation down," he said. "But it's spillover to service inflation, that's what you've got to worry about, that's what Powell's worried about. The durable part of inflation that's still above the Fed's goal."

☆ How the founder of SiriusXM wants to tackle an organ shortage with 3D-printed hearts and lungs
▼ + stars: | 2022-11-30 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +5 min

She is the CEO of the $12 billion biotech United Therapeutics and founder of SiriusXM. Her company, the $12 billion Maryland-based biotech United Therapeutics, has already put gene-edited pig hearts, lungs, and kidneys into humans in clinical studies. Rothblatt previously founded SiriusXM before starting United TherapeuticsUnited TherapeuticsThe organ research is far from the first moonshot in Rothblatt's career. After that compound's owner, the pharma giant GSK, declined to test it against PAH, Rothblatt founded United Therapeutics in 1996 and bought the rights to the molecule. That drug helped save Jenesis, and United Therapeutics now sells a suite of PAH treatments that have helped over 12,000 patients.

☆ Dollar rebounds on Fed expectations, Aussie drops
▼ + stars: | 2022-11-29 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

[1/2] U.S. dollar banknotes are seen in this illustration taken July 17, 2022. The dollar index has fallen to 106.65 from a 20-year high of 114.78 on Sept. 28 on expectations that its rally may have been over stretched and as the Fed looks to slow its pace of rate increases. The greenback was also likely supported after the dollar index reached the 200-day moving average at 105.369. The dollar had dipped earlier on Monday despite other safe-haven currencies the Japanese yen and the Swiss franc gaining on concerns about China. The risk sensitive Aussie dollar , which is strongly tied to Chinese growth, was the worst performing major currency, falling 1.61% to $0.6649.

☆ Rashford says criticism of England unwarranted
▼ + stars: | 2022-11-27 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

DOHA, Nov 27 (Reuters) - England forward Marcus Rashford says criticism of the team's performance in their 0-0 draw against the United States on Friday is unjustified and that fans should withhold judgement until after their final group game against Wales. "When you win a game, you are the best team in the world. As players you have to keep a balance," Rashford, 25, told reporters. Rashford, who played in the Euro 2020 final, was out of the England picture for 15 months as injuries and a loss of form and confidence saw his career plateau. "It's something I can keep with me forever, I wish him all the best and we want to thank him for the things he's done for Manchester United."

☆ It's been very positive on the luxury sales side of the consumer, says Charter Holdings CEO
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's been very positive on the luxury sales side of the consumer, says Charter Holdings CEORay Washburne, Charter Holdings CEO and Sunoco LP chairman, joins 'Squawk on the Street' to discuss the health of the consumer, whether there's been a sales plateau and more.

☆ Chart of the Week: Has OIH hit a plateau?
▼ + stars: | 2022-11-23 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the Week: Has OIH hit a plateau? The traders look at whether oil and oil services have plateaued. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Guy Adami, Steve Grasso and Julie Biel.

☆ ECB's Nagel opens door to smaller hikes but sees long way to go
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Nov 22 (Reuters) - Bundesbank President Joachim Nagel opened the door on Tuesday to smaller interest rate increases by the European Central Bank but said there was still a long way to go in raising borrowing costs. With euro zone inflation running in double digits, the ECB has been raising rates in record 75 basis-point steps but a number of policymakers have called for smaller hikes from December. "Even 50 basis points is a strong rate move," Nagel said. "I didn't participate in this 75-or-50 discussion because I didn't think that was really helpful." "Regardless of how the numbers come in, I think the inflation picture will continue to be strong for 2023, Nagel said in his conversation with reporters in Frankfurt.

☆ How influencers are trying to recession-proof their businesses, from locking down long-term deals to testing out fan-paid revenue models
▼ + stars: | 2022-11-22 | by ( Amanda Perelli | Tanya Chen | Sydney Bradley | ) www.businessinsider.com time to read: +8 min

Traditionally, brand deals have been the biggest income driver for Tosone. Unless any last-minute deals arise, Tosone said platform incentives (like Instagram's bonus program) will overtake brand deals. And for creators, Ashley said diversifying their businesses is the "best insurance plan." Relying on affiliate marketing, however, can still be a risk. Establishing a fan-paid model with memberships, subscriptions, or coursesTosone launched a Patreon membership and she's coaching other influencers on social-media strategy.

☆ Hess CEO says 'OPEC back in driver's seat' as U.S. shale growth slows
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: 1 min

Companies Hess Corp FollowNov 17 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is "back in the driver seat" as the top swing producer amid slowing U.S. shale growth, John Hess, CEO of Hess Corp (HES.N) said on Thursday at an investor conference in Miami, Florida. Hess anticipates U.S. oil production will hit around 13 million barrels per day in the next few years and then plateau. He said shale oil output is slowing due to investor pressure to focus on returns over growth, inflation and inventory depletion. Reporting by Liz Hampton in Denver and Sabrina Valle in Houston Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Companies Hess Corp FollowNov 17 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is "back in the driver's seat" as the top swing producer amid slowing U.S. shale growth, Hess Corp (HES.N) Chief Executive Officer John Hess said on Thursday at an investor conference in Miami, Florida. Hess anticipates U.S. oil production will hit around 13 million barrels per day in the next few years and then plateau. U.S. production growth has been slower than anticipated at the beginning of this year due to investor pressure to focus on returns over growth, along with inflation and inventory depletion. The U.S. Energy Information Administration last week cut its forecast for 2023 shale growth by 21%. Now, really OPEC is back in the driver's seat where they are the swing producer," Hess said, cautioning though that OPEC lacked spare capacity to easily boost its production.

☆ Biden wants to discuss Taiwan, Russia and trade with China’s Xi
▼ + stars: | 2022-11-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

WASHINGTON — President Joe Biden said Wednesday he plans at an anticipated meeting with Chinese President Xi Jinping to discuss growing tensions between Washington and Beijing over the self-ruled island of Taiwan, trade policies and Beijing’s relationship with Russia. Biden told reporters at a White House news conference that he had much to discuss with Xi as U.S.-Chinese relations have grown more fraught in recent months. The White House and Defense Secretary Lloyd Austin were quick to clarify that there was no change in U.S. policy. Chinese President Xi Jinping inspects a joint operations command center at an undisclosed location on Tuesday. Li Gang / Xinhua via APAs president, Biden has repeatedly accused China of human rights abuses of the Uyghur people and other ethnic minorities.

☆ There have only been 2 Black elected governors in US history, but the 2022 midterm elections could usher in unparalleled change
▼ + stars: | 2022-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +11 min

There have only been two Black elected governors in US history, but that could change on Tuesday. With the victory, Wilder became the first Black elected governor in the United States, generations after P.B.S. He said people brag about him as the first Black governor elected in America. However, this year, Black gubernatorial candidates weren't overly reliant on the party leadership to help them land the nominations in their respective states. At the end of the day, if that's what I accomplished, that's not enough," Moore told Insider.

"We are only a phone call away if the requirements are there," he said. OPEC+ faced one of its biggest clashes with the West after it agreed oil production cuts in October, a decision the U.S. administration called shortsighted. OPEC+ producers rallied around top oil exporter Saudi Arabia after the United States accused it of pushing members into the cut. Saudi Arabia and the UAE, two of the world's biggest oil producers, are boosting output and refining, and working on clean hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. The UAE is releasing its first revision of its energy plan in 2023, which will increase its green targets, Mazrouei said.

☆ OPEC raises long-term oil demand view, calls for investment
▼ + stars: | 2022-10-31 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

Summary OPEC raises 2030, 2045 oil demand forecastsMaintains view that oil demand will plateau after 2035Sees $12.1 trillion of oil investment needed to 2045ABU DHABI, Oct 31 (Reuters) - OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said$12.1 trillion of investment is needed to meet this demand despite the energy transition. Another decade of oil demand growth would be a boost for OPEC, whose 13 members depend on oil income. In the report, OPEC maintained its view that world demand will plateau after 2035.Other predictions from companies and banks see oil demand peaking earlier. ENERGY SECURITY DEMAND BOOSTThe report said world oil demand will reach 103 million barrels per day in 2023, up 2.7 million bpd from 2022. By 2030, OPEC sees world demand averaging 108.3 million bpd, up from 2021, and lifted its 2045 figure to 109.8 million bpd from 108.2 million bpd in 2021.

☆ Fed set to deliver another big rate hike, debate December downshift
▼ + stars: | 2022-10-31 | by ( Ann Saphir | ) www.reuters.com time to read: +5 min

Defining that point, or at least its parameters, will be the subject of intense discussion at this week's Federal Open Market Committee meeting. Reuters GraphicsAnd during that time, Fed policymakers, with the notable exception of Powell, have offered a range of views on where they stand on a possible slowdown or even pause to rate hikes. Fed Governor Michelle Bowman, for instance, said she'll look for signs that inflation is moving down before she would want to reduce the pace of rate hikes. Reuters Graphics'NEED TO BE CONVINCED'Bets in futures markets weigh heavily in favor of a slowdown in rate hikes starting in December, but ultimately a top Fed policy rate of 4.75%-5.00%, slightly higher than policymakers themselves have flagged, by early next year. Fed policymakers, Reinhart said, are also well aware that monetary policy typically goes too far.

☆ OPEC expected to stick to view of long-term oil demand rise
▼ + stars: | 2022-10-28 | by ( Alex Lawler | ) www.reuters.com time to read: +4 min

The Organization of the Petroleum Exporting Countries is scheduled to update its long-term oil demand forecasts in its 2022 World Oil Outlook on Oct. 31. The 2021 version sees oil demand plateauing after 2035. The latest update is likely to keep OPEC among the more optimistic forecasters of oil demand. OPEC World Oil Outlook 2021"It is similar to last year in terms of the demand outlook," one of the OPEC sources said. LOWER PROJECTIONSLast year, OPEC saw oil demand reaching 108.2 million barrels per day in 2045, up from 90.6 million bpd in 2020.

☆ Energy crisis sparked by Ukraine war to speed up green transition -IEA
▼ + stars: | 2022-10-27 | by ( Noah Browning | ) www.reuters.com time to read: +3 min

LONDON, Oct 27 (Reuters) - The drop in Russian fossil fuel exports after its Ukraine invasion this year will transform the global energy landscape for decades and can help to hasten a green energy transition, the International Energy Agency (IEA) said on Thursday. The IEA's report said the global energy crisis is causing profound and long-lasting changes that could hasten the transition to a more sustainable and secure energy system. "The energy world is shifting dramatically before our eyes. Short-term gaps created by the reduction in fossil fuel supplies from Russia will need to be plugged from elsewhere. The strongest candidates are projects with "short lead times" which rapidly bring oil and gas supplies to market without locking in dependency.

☆ Russia's war has helped accelerate the energy
▼ + stars: | 2022-10-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

In its annual World Energy Outlook report, published Thursday, the agency said that Russia’s assault on Ukraine had the potential to “hasten” the global transition to clean energy sources. Since the war broke out in late February, many countries have shunned Russia’s vast energy exports, finding new suppliers and ramping up imports of alternate energy sources. That has put Moscow in a “much-diminished position,” the IEA said, and Russia is on course for its share of global energy exports drop to 13% by 2030 from 20% last year. Europe — Moscow’s biggest customer for oil and gas — has borne the brunt of the energy crunch. “There is still a large gap between today’s pledges and a stabilization of the rise in global temperatures around 1.5°C,” the IEA warned.

Ancient rock carvings that are believed to be more than 2,700 years old have been unearthed by a team of archaeologists in Iraq's northern city of Mosul. The marble slabs were found during restoration work on the Mashki Gate, an ancient monument that was partially destroyed by Islamic State militants when they captured the city in 2016. The relief carvings show scenes of war from the rule of Assyrian kings, in the ancient city of Nineveh, the Iraqi State Board of Antiquities and Heritage said in a statement Wednesday. The gray stone carvings date to the rule of King Sennacherib, in power from 705 to 681 B.C., the statement added. The discovery was made last week by an Iraqi team, alongside American experts from the University of Pennsylvania who are helping to lead the reconstruction effort.

☆ Inside Facebook, WhatsApp is now an 'urgent' growth valve with 'superapp' ambitions taking shape
▼ + stars: | 2022-10-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +12 min

This has become something "we have to do," said Matt Idema, vice president of business messaging. Messaging throughout Facebook, led by WhatsApp, generated a relatively paltry $218 million in the most recent quarter. "It's a really big challenge," Matt Idema, promoted last year to vice president of business messaging for Meta, told Insider. Now it's time to bring together WhatsApp, Facebook Messenger, and Instagram Messaging and "treat it like one messaging strategy," Idema said. It held in May its first-ever conference dedicated to its messaging business.

☆ 'Massive gaps' seen in countries' plans to tackle climate change -study
▼ + stars: | 2022-10-19 | by ( Timothy Gardner | ) www.reuters.com time to read: +3 min

The 2015 pact launched at a U.N. global climate summit requires 194 countries to detail their plans to fight climate change in what are known as nationally determined contributions, or NDCs. In pledges made through September, the NDCs would reduce global emissions of greenhouse gases only 7% from 2019 levels by 2030, said the report titled "The State of NDCs: 2022." It was written by the World Resources Institute (WRI) global nonprofit research group. She added that the COVID-19 pandemic and economic woes may have mostly capped countries' ambitions to boost their NDCs since 2021. Countries in the Paris Agreement are required to update their NDCs by 2025.

☆ Here's why the real-estate market will continue to struggle over the next 6 months, with existing home sales mired in their worst slump since 2007, according to a director at the National Association
▼ + stars: | 2022-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The US housing market is firmly in a recession as existing home sales keep sliding. Nadia Evangelou of the National Association of Realtors shared what's next for the housing market. The trajectory of the housing market is heavily dependent on mortgage rates, Evangelou noted. But that's no guarantee as the Federal Reserve's interest rate-hiking cycle affects US Treasuries, which in turn sway mortgage rates, she said. So for that reason, we think that mortgage rates usually are pricing some of these upcoming rate hikes."

☆ Assessing where the S&P 500 will bottom this time as it heads back toward June lows
▼ + stars: | 2022-09-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Given how the oversold indicators are piling up, a test or near-test of buyer's appetites is underway or should be soon. Having 2022 act as the year when all the tough medicine was administered has some appeal both for policy makers and investors. -Seeing some migration toward lower-volatility stocks, pharma, staples, some energy and Microsoft bouncing small after a recent breakdown. Need new lows or a capital-markets accident to jerk it much higher.

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