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Last week was a strong one for gold, which managed to eke out its fourth straight week of positive gains. The price of the yellow metal broke above $1,350 an ounce last Friday, while gold miners, as measured by the NYSE Arca Gold Miners Index, tested their 52-week high. Investors sought safe...
Happy Father’s Day to the dads. How great was it to see native Kansan Gary Woodland win the U.S. Open golf tournament on Father’s Day. The card I received from my teenagers said, “When I grow up, I want to be as funny as you think you are!” So I will stick to report...
One of the largest uncertainties in the oil market today is the political situation involving Iran. With “war risk” insurance premiums rising in the Persian Gulf area, it’s no wonder why most of the speculation has to do with the potential outbreak of hostilities. Howeve...
Welcome to the decelerating edition of Oil Markets Daily! EIA released its latest drilling productivity report today. We purposely waited a few months before updating our model as we wanted the DPR to get more revised data from the EIA 914. Indeed, we saw massive revision downward in E...
Right now, there’s a tremendous amount of pessimism in the oil space, but this is almost entirely unwarranted. While some concerns are justified, mostly those centered around the impact that the Trump Administration’s trade wars might have on the global economy, the overwhelming ...
I am just finishing Chris Turner's important book The Patch: the people, pipelines and politics of the oil sands. Every Canadian could benefit from reading it and learning more about this history and what present challenges import for Alberta and the Canadian economy going forward. Even wh...
One big fear circulating through the energy markets right now is that a global slowdown, combined with record output, is causing oil and product inventories to rise enough that we are at risk of another glut forming. Surely, if this does come to pass, investors can expect prices to tumble, wit...
In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. The primary expectation for this week was for price discovery higher. This expectation did not play out and selling interest developed early week from last week's close...
While insurers seem to have responded to the increased risks to shipping, oil traders are more sanguine. (Reuters) Oil seems to be steady in the $60 per barrel range for Brent even if the risks for tankers in the Arabian Gulf have gone up. Counterintuitively, the latest attacks on tank...
Original post By Stuart Burns On Thursday, two tankers carrying petrochemicals, one of which was a Japanese-owned ship, came under suspected attack in the Gulf of Oman. The incidents compounded the already simmering hostilities in what's possibly the world's most pivotal maritime cor...
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GRUBBRR Partners with Olo to Enhance Onsite Dining Experience PR Newswire Streamlining Restaurant Operations with Integrated Self-Ordering and Payment Solutions BOCA RATON, Fla. , July 30, 2024 /PRNewswire/ -- GRUBBRR, a leading provider of self-ordering tech...
Nineteen enhancements launched to help brands increase orders, streamline operations, and improve guest experiences Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and u...