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Valentine's Day 2021: It's not the year to procrastinate

Valentine’s Day during COVID-19 is going to be a dramatically different affair from 2020, when it was the last holiday before stay-at-home orders began. Chocolate shops and florists are urging customers to order early. ....

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The UAE warns U.S. shale companies against pumping more oil

The UAE warns US shale companies against pumping more oil
Manus Cranny, Anthony Di Paola and Salma El Wardany, Bloomberg
© Brittany Sowacke, Bloomberg
Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP s Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, U.S., on Friday, Dec. 12, 2014.
Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates.
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Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last week when Saudi Arabia said it would unilaterally cut crude output by 1 million barrels a day in February and March, a move the kingdom described as a “gift” to other producers. ....

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