2 hours WoodMac: Asia Needs To Invest More In Gas To Lower Emissions 3 hours Venezuela Imports First Diesel Cargo In Six Months 5 hours China Increases Oversight On Crude Import Of Oil Majors 6 hours Senators Propose Pro-Nuclear Tax Amendment 21 hours Activist Investor Wins Exxon Board Seats In Day Of Reckoning For Big Oil 23 hours Norway s Oil Industry Boosts Investment Despite IEA Report 24 hours Dutch Court Orders Shell To Slash Emissions In Historic Climate Case 1 day Iran Bans Crypto Mining During Hot Summer Months 1 day Nissan May Build Huge Battery Plant In The UK 1 day Ford Confirms That 4 Out Of 10 Cars It Sells In 2030 Will Be Electric
9 hours Large Inventory Draws Boost Crude Prices 9 hours Aramco Reports 30% Jump In Q1 Net Profit 11 hours Mining Giant BHP Warns Against Chile s Mining Tax 13 hours APICORP: Energy Investment In MENA Set To Top $800 Billion By 2025 14 hours Venezuela’s Oil Exports Hover Around 700,000 Bpd 1 day Iraq May Buy Exxon’s Stake In Major Iraqi Oilfield 1 day Iran Aims To Raise Oil Exports To 2.5 Million Bpd Once U.S. Sanctions Are Lifted 1 day India’s COVID Crisis Hits LNG Demand 1 day Venezuela Releases Citgo Oil Executives From Jail To House Arrest 2 days 18% Of EV Drivers In California Switched Back To Gasoline Cars
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Hotel rates on the rise as travel demand ticks up (SPY flat +0.03%). Stocks making the biggest moves midday: Shopify, Spotify, Enphase Energy.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Canadas Oil Sands In Trouble As COVID Cases Soar The northern parts of Canadas province of Alberta have seen rising coronavirus cases in recent weeks with several oil sands sites becoming hot spots of outbreaks as workers are flying in and out for maintenance at the crude upgraders. The high active COVID cases have not impacted production in the Canadian oil patch, but some maintenance work has been stretched because of the outbreaks, industry officials told Bloomberg. According to data from Alberta Health at the start of this w
EDD: Many still waiting on Pandemic Emergency Unemployment Compensation
KTVU s Tom Vacar reports.
OAKLAND, Calif. (KTVU) - The Employment Development Department still has a backlog of 127,000 cases, and some of those applications involved what appears to be a self-inflicted misrepresentation to claimants.
The Pandemic Emergency Unemployment Compensation (PEUC) is a federal program to help unemployed Americans continue to receive money until the pandemic is reasonably under control. It was initially extended to go through to March 14th, then extended again under the Biden Administration to September 6th, provided the recipients recertify their eligibility. But many are still waiting.
After two week pause, EDD accepts new unemployment claims, but phone delays persist