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☆ Mark Zuckerberg has been accused of hypocrisy by some on social media after hiding his daughters' faces with emojis in a July 4 Instagram post
▼ + stars: | 2023-07-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg shared a family photo with his daughters' faces hidden by emojis. Meta CEO Mark Zuckerberg provoked accusations of hypocrisy from users on his platforms by censoring his childrens' faces in a family photo. It is a common practice among parents to obscure the faces of their children in social media posts for privacy reasons. On Instagram, one user got 2,800 likes commenting under Zuckerberg's post: "Even Zuck doesn't trust his platforms to put his kids faces up." Much of the ire focused on accusing Zuckerberg of hypocrisy, since Meta has been embroiled in controversies relating to its users' data.

Persons: Mark Zuckerberg, Zuckerberg, Priscilla Chan, Maxima, August Chan Zuckerberg, Aurelia —, Meta Organizations: Morning, Facebook, Meta, Cambridge, European Union Locations: America

Since then, front-month futures prices have fallen to $78 in December 2022 (51st percentile) and just $70 in June 2023 (43rd percentile). Chartbook: U.S. oil and gas productionOn the gas side, dry production amounted to 3,063 billion cubic feet (bcf) in April 2023, an increase of almost 6% from April 2022. 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 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: –, Baker Hughes, John Kemp, Mark Potter Organizations: U.S . Energy Information Administration, Thomson, Reuters Locations: Ukraine, Gulf, Mexico, Saudi Arabia

LONDON, July 4 (Reuters) - U.S. manufacturers reported another widespread decline in business activity during June, which continued to weigh down industrial energy consumption and prices. Chartbook: U.S. industrial energy useThe forward-looking new orders component rose to 45.6 (9th percentile) in June up from 42.6 (6th percentile) in May but was still down from 49.2 (19th percentile) a year ago. ENERGY CONSUMPTIONIndustrial energy consumption is closely correlated with the manufacturing and freight cycle. Softness in diesel and electricity consumption is consistent with the moderate but persistent downturn in manufacturing evident in ISM surveys since the middle of 2022. It has helped take some of the pressure off diesel and electricity supplies and reversed the previous upward trend in prices.

Persons: John Kemp, David Holmes Organizations: Institute, Supply, Business, Institute for Supply Management, Manufacturers, U.S . Energy Information, Thomson, Reuters Locations: U.S, United States, doldrums

Hedge funds and other money managers sold the equivalent of 64 million barrels in the six most important petroleum-related futures and options contracts in the seven days ending June 27. Essentially all the sales were concentrated in crude contracts split evenly between Brent (-31 million barrels) and NYMEX and ICE WTI (-33 million barrels). Fund managers had accumulated 136 million barrels of gross short positions in NYMEX WTI, the most since 2017. The slump in WTI positions is likely being intensified by contract changes which have seen WTI crude grades added to the Brent futures contract. From a positioning perspective, extreme pessimism towards crude prices and lopsided positions are creating potential for an explosive rally in future.

Persons: Alexander Manzyuk, Brent, John Kemp, David Evans Organizations: REUTERS, OPEC ⁺, ICE, ICE WTI, Fund, Global, Thomson, Reuters Locations: Republic of Tatarstan, Russia, Saudi Arabia, Brent, NYMEX WTI, North America, Europe, China, U.S, Iran, Venezuela, distillates

Commercial inventories of crude oil and refined products in the OECD advanced economies were around 2,842 million barrels at the end of May, according to the U.S. Energy Information Administration (EIA). While the real price was a little low, it was not obviously mispriced or significantly below the long-term median price of $81. The spread was slightly high, but again not obviously mispriced, or significantly above the long-term median of a backwardation of 98 cents. Chartbook: Global oil stocks and pricesThere are no comprehensive estimates for OECD inventories in June as yet. Related columns:- Frustrated oil bulls made to wait for price recovery (June 22, 2023)- Saudi Arabia’s 'lollipop' has yet to sweeten oil prices (June 6, 2023)John Kemp is a Reuters market analyst.

Persons: Brent, John Kemp, Barbara Lewis Organizations: Global, OECD, U.S . Energy Information Administration, ⁺, Thomson, Reuters Locations: United States, Saudi Arabia, Russia, Venezuela, Iran, North America, Europe, China, Saudi

☆ 'Obama,' 'Trump gets impeached twice' and the other top political references in Fall Out Boy's new cover of the Billy Joel classic 'We Didn't Start the Fire'
▼ + stars: | 2023-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Fall Out Boy's new cover of the 1989 Billy Joel classic covers a lot of the bases the original touch. "Cambridge Analytica" (2018): The British consulting firm had been around for years, but bombshell reporting by The New York Times and The Guardian in 2018 sparked a scandal. Obama went on to defeat Republican presidential nominee John McCain en route to becoming the nation's first Black president. "Trump gets impeached twice" (2021): President Donald Trump became the first president to be impeached twice in the wake of the January 6, 2021 Capitol riot. Video later showed that Rice, who was 12 years old, was killed within two seconds of officers arriving, The New York Times reported.

Persons: Billy Joel, Obama, Trump, —, Billy Joel's, Gamal Abdel Nasser, Dwight D, Eisenhower, It's, Egypitan Hosni Mubarak, Muammar Gaddafi, Rodney King, King, Vladimir Putin, Putin, Viktor Yanukovych, Russia's, Donald Trump's, Alexander Nix, Cambridge Analytica, Osama bin Laden's, Illinois Sen, Barack Obama, New York Sen, Hillary Clinton, John McCain, Donald Trump, acquit Trump, Roberto Schmidt, Timothy McVeigh, Alfred P, Marjorie Taylor Greene, Sandra Bland, Tamir Rice, Bland, Rice, George Floyd, Derek Chauvin, Chauvin, Kerem Yucel, Gore, George W, Bush, Al Gore, Sandra Day O'Connor, Tom Delonge Organizations: Service, Cubs, Israel, NPR, National Guard, Russia, Cambridge, The New York Times, Guardian, London Thomson Reuters, US, New York, Democratic, Affordable, Republican, AFP, Getty, Murrah Federal Building, Georgia Republican, Minneapolis Police, Civil, Hennepin County Government Center, Texas Gov, Electoral College, Washington Post, CNN, Fox News, The Washington Post, New York Times Locations: Suez, Israel, Egypt, United Kingdom, France, British, Tunisia, North Africa, California's, Crimea, Ukraine, Azov, Kerch, Moscow, Russian, London, Afghanistan, Illinois, Iowa, Washington, Oklahoma, Georgia, The, Hennepin County, Minneapolis , Minnesota, AFP, Florida

LONDON, June 27 (Reuters) - India's power consumption is becoming increasingly "peaky" as a result of rapidly growing air-conditioning loads and the deployment of increasing amounts of solar power. In response, the government has announced increased use of time-of-day tariffs to encourage consumption during solar hours and penalise usage after sunset. On June 23, the Ministry of Power outlined plans for a three-rate tariff, with prices varying between normal hours, solar hours and peak hours ("India to cut daytime power tariffs, raise fees for night use", Reuters, June 23). Prices during solar hours will be reduced by 10-20% compared with normal while peak hours will be 10-20% more expensive - a total swing from least-expensive to most-expensive of 20-40%. Chartbook: India electricity systemIn May 2023, India's total electricity consumption was marginally lower than in the same month a year earlier as a result of cooler temperatures.

Persons: John Kemp, David Evans Organizations: Ministry of Power, Reuters, Thomson Locations: India

Hedge funds and other money managers purchased the equivalent of 25 million barrels in the six most important petroleum futures and options contracts over the seven days ending on June 20. The combined position was 346 million barrels (12th percentile for all weeks since 2013) which was essentially unchanged from 350 million barrels on March 28 after the eruption of the U.S. regional banking crisis. Chartbook: Oil and gas positionsIn the most recent week, funds bought Brent (+16 million barrels), NYMEX and ICE WTI (+5 million) and European gas oil (+9 million) but sold U.S. gasoline (-2 million) and U.S. diesel (-4 million). The position in crude (268 million barrels, 8th percentile) is basically unchanged since late March and the position in middle distillates (22 million barrels, 29th percentile) is unchanged since early April. But economic growth is decelerating across North America, Europe and China, dampening expected consumption of oil.

Persons: John Kemp, Mark Potter Organizations: U.S, Brent, ICE, U.S . diesel, Funds, Saudi, Thomson, Reuters Locations: Saudi Arabia, distillates, OPEC, North America, Europe, China, U.S

☆ Election campaigns are already using AI with some degree of success. Experts are concerned it will usher in a new era of disinformation.
▼ + stars: | 2023-06-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Political campaigns are using AI to create election material, attack ads, and donation requests. —DeSantis War Room 🐊 (@DeSantisWarRoom) June 5, 2023Campaigns, ranging from mayoral races to the 2024 presidential election, have already been using artificial intelligence to create election ads or outreach emails — with some reportedly seeing benefits in the tool. Beyond fake images, West wrote that artificial intelligence could also be used for "very precise audience targeting" to reach swing voters. During his first appearance before Congress in May, the CEO of OpenAI, which created ChatGPT, admitted his concerns about the use of artificial intelligence in elections as the tool advances. "This is a remarkable time to be working on artificial intelligence," he said.

Persons: —, Ron DeSantis's, Donald Trump, Anthony Fauci, ike, ake, ould Organizations: Service, National Institute of Allergy Locations: Florida

LONDON, June 23 (Reuters) - Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was offset by continued weakness in North America and Europe. Chartbook: Global container tradeChina’s freight movements have rebounded as the country emerged from lockdowns and the exit wave of the epidemic, though not as fast as anticipated at the start of the year. At Japan’s Narita airport, international air cargo was down 25% in the first five months of 2023 compared with a year ago. The most optimistic interpretation is that freight volumes have stabilised, after declining sharply in the second half of 2022, but there is no sign yet of a recovery outside China. Related columns:- Global freight cycle may have reached lowest point (May 25, 2023)- Global freight shows signs of bottoming out (April 27, 2023)- Global freight slump deepens at the start of 2023 (March 21, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Barbara Lewis Organizations: Global, of, European Union, Ministry of Transport, Traffic, Association of American Railroads, American Trucking Association, Thomson, Reuters Locations: North America, Europe, Netherlands, China, Asia, United States, Japan, United Kingdom, lockdowns, Singapore, East Asia, Los Angeles, Long Beach , Oakland, Houston, Charleston, Savannah, Virginia, Seattle, New York, U.S, Narita, Heathrow

☆ 'We've entered the Twilight Zone': Behind the beef that led to Elon Musk and Mark Zuckerberg's 'cage match'
▼ + stars: | 2023-06-22 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg and Elon Musk say they are ready to face off in a "Vegas Octagon." Elon Musk is apparently ready to find out, with the world's richest man having challenged Mark Zuckerberg to a "cage match" — an offer that the martial arts-loving Facebook co-founder quickly agreed to. "I think we've entered the Twilight Zone," Ives added. I think we've entered the Twilight Zone. "I don't use FB and never have," Musk tweeted at the time, adding: "Just don't like Facebook.

Persons: Mark Zuckerberg, Elon Musk, Dan Ives, It's, we've, Ives, Zuckerberg, Musk, I'm Organizations: Facebook, Wedbush Securities, CNBC, Bloomberg, —, SpaceX, Meta Locations: Cambridge, tweeting

In the physical market, dated Brent prices are in contango through the rest of June and July, indicating traders expect plenty of crude to be available. The second-month spread is firmer, in the 66th percentile, but still implies the market is expected to tighten only gradually in the third quarter. Global petroleum inventories are well below the long-term average, especially for refined fuels such as diesel and gas oil. If the global economy avoids recession and resumes steady growth, low inventories could quickly put explosive upward pressure on prices and spreads. At the same time, expectations about a strong rebound in the economy and oil consumption in China have been deferred.

Persons: Brent, John Kemp, Barbara Lewis Organizations: OPEC, OPEC ⁺, Thomson Locations: Saudi Arabia, contango, North America, Europe, China, U.S, Venezuela, Iran, Russia, Saudi

The lawyers said in the filing that the $725 million settlement is the largest data-privacy recovery in history and the largest private settlement Facebook has ever agreed to. Meta and an outside lawyer for the company from Gibson, Dunn & Crutcher did not immediately respond to requests for comment on the fee request on Thursday. While a 25% fee amounts to $181,250,000, the fees paid from the settlement fund would be about $180,449,782, the lawyers wrote. The company and its outside law firm, Gibson Dunn, already paid about $800,217 in sanctions, which can be deducted from the total fees, they wrote. The company did not admit wrongdoing as part of the settlement, which the judge granted preliminary approval of in March.

Persons: Keller Rohrback, Fonti, Auld, Derek Loeser, Lesley Weaver, Bleichmar Fonti, Dunn, Crutcher, Gibson Dunn, Vince Chhabria, Meta, Read, Sara Merken, Leigh Jones Organizations: San, Facebook, Meta, Gibson, U.S, Cambridge, Thomson Locations: San Francisco federal

Hedge funds and other money managers sold the equivalent of 21 million barrels of crude oil options and futures but purchased 18 million barrels of products, including 14 million of distillates, over the week ending on June 13. The biggest rotation has been from U.S. crude to European gas oil, reflecting the rise in crude inventories in the United States while stocks of distillates, used heavily in Europe, remain well below normal around the world. The most recent weekly increase in gas oil positions was the largest for almost two years since August 2021 and before that November 2020. Funds had already built a fairly sizeable position in U.S. diesel and now bullishness is starting to spill over into European gas oil. U.S. commercial crude oil inventories were 16 million barrels (+4% or +0.28 standard deviations) above the prior ten-year seasonal average on June 9.

Persons: ”, John Kemp, Kirsten Donovan Organizations: ICE, Funds, diesel, Saudi, Thomson, Reuters Locations: United States, Europe, NYMEX, U.S, Freeport LNG, Saudi

BUENOS AIRES/NEW YORK, June 18 (Reuters) - Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country's huge, wobbling debt deal, key to avoiding default on billions in looming debt payments. Economy Minister Sergio Massa is expected in Washington as early as this week to try to unlock talks to accelerate IMF disbursements and ease economic targets attached to the deal, with investors and traders watching closely. "The fund knows that Argentina is a problem, it is its main debtor, but it seems to me that the negotiation has stagnated. Reuters Graphics'DAMAGE CONTROL'The government is hoping to bring forward over $10 billion in IMF disbursements scheduled for this year, though is reluctant to agree to tough austerity measures with an eye on October general elections where it faces likely defeat. "Investors are paying real attention to signs from the IMF negotiations," said economist Gustavo Ber.

Persons: Sergio Massa, Ricardo Delgado, Massa, Hugo Godoy, Gustavo Ber, Walter Bianchi, Rodrigo Campos, Adam Jourdan, Daniel Wallis Organizations: BUENOS AIRES, International Monetary Fund, Economy, IMF, Reuters Graphics, Reuters, Institute of International Finance, Reuters Graphics Reuters, Thomson Locations: BUENOS, Argentina, Washington, Argentine, Buenos Aires, China

Big increases from mostly coal-fired thermal generators (+149 billion kWh), wind farms (+79 billion kWh) and solar generators (+19 billion kWh) offset a fall in hydro production (-82 billion kWh). Chartbook: China electricity generationThe two provinces of Sichuan (354 billion kWh) and Yunnan (296 billion kWh) in southern China produced almost half of the country’s total hydro-electric power (1,352 billion kWh) in 2020. ENERGY SECURITYSouth China’s drought and reduced hydro generation explains why the central government has encouraged coal miners to maximise production and coal-fired generators to stockpile fuel. Coal imports increased by +86 million tonnes (+90%) in the first five months as generators and steelmakers took advantage of lower international prices to rebuild inventories. Large numbers of new coal-fired plants are being authorised and built to meet short-term load growth and reliability requirements even as government plans to reduce the share of coal-fired generation in the medium and long-term.

Persons: steelmakers, John Kemp, Barbara Lewis Organizations: National Bureau of Statistics, Coal, China Electricity Council, Thomson, Reuters Locations: China, Chartbook, Sichuan, Yunnan, Yibin

Distillate fuel oils such as diesel and gas oil are mostly used for freight transport, manufacturing, construction and construction, with smaller quantities for residential and commercial heating. At the same time, Russia has continued to export distillate fuel oil despite sanctions imposed by the United States and the European Union averting a severe supply disruption. The gross margin for making European gas oil from Brent (both delivered in December 2023) fell to $114 per tonne from $254 over the same period. In the United States, stocks had risen by +5 million barrels since June 2022 but were still -22 million barrels (-16% or -1.18 standard deviations) below the 10-year seasonal average. Portfolio investors lifted their combined futures and options position in distillates to 3 million barrels net long (20th percentile for all weeks since 2013) on June 6, up from 27 million net short (6th percentile) on May 2.

Persons: paring, John Kemp, David Evans Organizations: European Union, U.S, Global, Thomson, Reuters Locations: North America, Europe, Russia, United States, European, Brent, Singapore, distillates, U.S

Hedge funds and other money managers purchased the equivalent of 28 million barrels in the six most important petroleum futures and options contracts over the seven days ending on June 6. Funds bought Brent (+22 million barrels), U.S. diesel (+7 million) and European gas oil (+4 million) but sold NYMEX and ICE WTI (-2 million) and U.S. gasoline (-3 million). Portfolio investors are especially bearish about crude, with a net position of 269 million barrels (7th percentile) and a long-short ratio of 2.39:1 (14th percentile). The hedge fund community has become especially bearish about the outlook for European gas oil given indications the region is already in recession. Funds were net short by 12 million barrels (3rd percentile) with a long-short ratio of 0.73:1 (2nd percentile).

Persons: Saudi Arabia’s, WTI, ”, John Kemp, Alexander Smith Organizations: Investors, Funds, U.S ., ICE, Bloomberg, Thomson, Reuters Locations: Saudi, China, U.S, Riyadh, OPEC, Freeport

Over the same period, however, working gas inventories increased by 454 billion cubic feet compared with a prior 10-year average increase of 401 billion cubic feet. No progress was made eliminating excess inventories during the spring quarter. Freeport LNG's re-opened export terminal did not make a significant difference in depleting the excess inventories accumulated during the winter of 2022/23. Unless the summer is unusually hot, boosting gas consumption by electricity generators, excess inventories look set to persist for several more months. As a result, hedge funds and other money managers have been cautious about turning bullish on gas prices.

Persons: John Kemp, Paul Simao Organizations: Climate Prediction Center, CPC, Freeport LNG's, Thomson, Reuters Locations: United States, U.S, Ukraine

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

In the physical oil market, where any short-term production cut should have the greatest and most immediate impact, the calendar spreads between nearby months strengthened only slightly. The unilateral Saudi cut, described by the country’s oil minister as a “lollipop”, is for a month, but could be extended. Chartbook: Brent prices and spreadsSTEMMING THE SLIDEThere is evident frustration among OPEC⁺ officials about the continued slide in prices despite three rounds of cuts announced since October 2022. U.S. oil production has continued to rise in a delayed response to last year’s very high prices, which has also kept the market well-supplied. But OPEC⁺ cuts have not (yet) been enough to lift prices and spreads rather than arresting their fall.

Persons: Brent, OPEC ⁺, ”, John Kemp, Barbara Lewis Organizations: OPEC, European Union, Global, OPEC ⁺, Thomson, Reuters Locations: Saudi Arabia, China, Saudi, North America, Europe

LONDON, June 5 (Reuters) - Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the meeting of the extended OPEC⁺ group of oil exporters on June 3-4. The combined position had been reduced to 296 million barrels (7th percentile for all weeks since 2013) down from 534 million (39th percentile) six weeks earlier. Heavy sales of NYMEX and ICE WTI (-50 million barrels) more than offset significant buying of ICE Brent (+23 million). Hedge funds and other money managers sold the equivalent of 140 billion cubic feet over the seven days ending on May 30, according to regulatory data. The surplus was essentially unchanged from a surplus of +266 billion cubic feet (+15% or +0.61 standard deviations) in early March.

Persons: ”, John Kemp, David Evans Organizations: OPEC ⁺, ICE, U.S ., Investors, Thomson, Reuters Locations: OPEC, WTI, Saudi Arabia, U.S

Companies Meta Platforms Inc FollowWASHINGTON, June 1 (Reuters) - A 2018 privacy lawsuit brought by Washington, D.C., against Facebook owner Meta Platforms Inc (META.O) was dismissed on Thursday by a Superior Court judge, who ruled the firm did not mislead consumers over the Cambridge Analytica scandal. The social media firm drew global scrutiny in 2018 after disclosing that a third-party personality quiz distributed on Facebook gathered profile information on 87 million users worldwide and sold the data to British political consulting firm Cambridge Analytica. "Facebook did not materially mislead consumers as to their response to Cambridge Analytica," the judge said on Thursday. The District of Columbia attorney general's office said it disagreed with the court's decision and was considering options. (Reporting by Kanishka Singh in Washington; Editing by Leslie Adler)Our Standards: The Thomson Reuters Trust Principles.

Persons: Maurice Ross of, general's, Kanishka Singh, Leslie Adler Organizations: WASHINGTON, D.C, Facebook, Meta, Inc, Cambridge, Superior Court, District of Columbia, of Columbia, Thomson Locations: Washington, Cambridge

LONDON, June 2 (Reuters) - U.S. manufacturing and freight activity has declined for seven months running, reflected in falling consumption of diesel and other distillate fuel oils as well as industrial electricity sales. Chartbook: U.S. manufacturing and energy useBecause manufacturing output is closely correlated with consumption of distillate fuel oils and industrial electricity use, the downturn is filtering through into significant reductions in energy consumption. Electricity sales to industrial customers also fell in seven of the eight months ending in February 2023, again the most recent data available (“Monthly energy review”, EIA, May 25). Between December 2022 and February 2023, industrial power sales were down more 2.4% compared with a year earlier (14th percentile for all three-month periods since 1980). Only the residual strength of service sector spending has so far prevented the “industrial recession” becoming a whole-economy recession.

Persons: John Kemp, David Evans Organizations: Manufacturers, Institute for Supply Management, “ Petroleum, U.S . Energy Information Administration, U.S, Thomson, Reuters Locations: U.S

LONDON, June 1 (Reuters) - U.S. oil and gas production continued to rise strongly in March - the delayed impact of very high prices that prevailed until the third quarter of 2022. Gas output climbed to a record 9,180 billion cubic feet in the first quarter and was also 7% higher than a year before. The lagged impact of these earlier high prices should start to fade from the third quarter, and especially the fourth quarter. The contrast between fairly average crude inventories and a large surplus in gas explains why oil prices are close to the post-2000 average in real terms while gas prices are still trading near to their lowest point. Related columns:- U.S. oil and gas output growth set to slow sharply (May 3, 2023)- U.S. gas prices slump after mild winter leaves big surplus (March 24, 2023)- U.S. oil drilling falls in response to lower prices (February 27, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Sriraj Organizations: U.S . Energy Information Administration, Petroleum, Thomson, Reuters Locations: Gulf of Mexico, Alaska

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