Finance, Uncategorized

Crude oil adds to losses as OPEC+’s extended output cuts leave market indifferent

Crude oil futures fell on Friday end tallied losses for the week, a day after the decision by OPEC and its allies to further postpone a planned reversal of production cuts failed to ease the outlook for a crude surplus. OPEC+ said Thursday it agreed to again delay the unwinding of 2.2M bbl/day of production cuts, postponing the start of the phaseout from January until April, but the move was expected and crude futures slid lower. Concerns about oversupply and muted global growth remain at the forefront of oil market sentiment, which helps explain the weak reaction to OPEC’s delay in raising output, Fawad Razaqzada of Forex.com said. Although recent Chinese manufacturing data hinted at some recovery, broader demand growth remains tepid, Razaqzada said, adding that “the challenge now lies in whether supply adjustments can offset demand-side weaknesses. The immediate response after the OPEC+ meeting suggests that’s not the case at these prices.” While OPEC’s action “eats quite heavily into the surplus” that was expected during 2025, the “extension and the slower return of barrels is not enough to push the market into deficit next year,” ING commodities strategist Warren Patterson said. The move still leaves the market in surplus in H1 2025, “although admittedly the surplus is more manageable” at ~500K bbl/day, compared to 1M bbl/day previously, according to Patterson. Front-month Nymex crude (CL1:COM) for January delivery ended -1.2% this week to $67.20/bbl, and front-month February Brent (CO1:COM) finished the week -1% to $71.12/bbl; on Friday, the benchmarks fell 1.6% and 1.3% respectively. Front-month January U.S. natural gas (NG1:COM) closed -8.5% for the week to $3.076/MMBtu, after slipping 0.1% on Friday. ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (USL), (DBO), (DRIP), (GUSH), (USOI), (UNG), (BOIL), (KOLD), (UNL), (FCG) Others offered a more optimistic view of OPEC’s action, including analysts at DNB Markets, which said the cartel’s output policy agreement exceeded market expectations in some areas, signaling long-term price support. The headline delay to voluntary production curbs was widely expected, but the unwinding will now take place over 18 months, meaning the future monthly production hike drops to 120K bbl/day from 180K bbl/day, which DNB said indicates that “OPEC+ is accepting that its mission to defend oil prices will drag on much longer than initially expected… While there are frustrations within the group, its members still feel working together to collectively limit production is the best available strategy.” Energy (NYSEARCA:XLE) finished the week -4.7%, at the bottom of the S&P sector standings, and three energy names in the S&P 500 posted new 52-week lows on Friday: Devon Energy (DVN), and Occidental Petroleum (OXY) and APA Corp. (APA) Top 5 gainers in energy and natural resources in the past 5 days: Perpetua Resources (PPTA) +28.4%, TransAlta (TAC) +19.7%, Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) +16.3%, New Fortress Energy (NFE) +16.3%, Eco Wave Power (WAVE) +14.5%. Top 15 decliners in energy and natural resources in the past 5 days: Nine Energy Service (NINE) -25.7%, Icon Energy (ICON) -19.7%, Contango Ore (CTGO) -18.7%, ProFrac Holding (ACDC) -18.3%, Aemetis (AMTX) -17.8%, KLX Energy Services (KLXE) -17.8%, ASP Isotopes (ASPI) -17.1%, NET Power (NPWR) -16.4%, Texas Pacific Land Trust (TPL) -16.3%, Sable Offshore (SOC) -16.2%, Teekay (TK) -15.3%, Korea Electric Power (KEP) -14.5%, Centrus Energy (LEU) -13.9%, Sigma Lithium (SGML) -13.9%, Nuscale Power (SMR) -13.3%.

Technology

Top 10 Emerging Technologies Shaping 2024 and Beyond

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Technology

How Blockchain is Revolutionizing Industries Beyond Bitcoin

Editor’s Note: Looking for creative ways to improve your days when you work from home? This post, originally published in September 2020, is full of helpful tips that are still just as relevant today. Work styles are a very personal thing. What works for one person may be an absolute nightmare for the next. I’ve worked in advertising for a decade now, and if you’d asked me a year ago I would have told you I pretty much had things figured out. I’m a morning person (a five-thirty meeting? No thank you!). My brain can only be in one place at a time (no podcasts for me, please!). And I work best in the office or a coffee shop with lots of people buzzing around. Then, COVID-19 hit. I was working from home with only my husband. My anxiety skyrocketed, and my regular 6 a.m. alarm slowly crept to 7, and then 8. My productivity tanked. I was back to square one. I’ve completely transformed everything I ever knew about work. I have been forced to examine my faults, find new routines, and learn ways to cope and grow as a professional. Over the last six months, I’ve completely transformed everything I ever knew about work. I have been forced to examine my faults, find new routines, and learn ways to cope and grow as a professional. Someday, I’ll look back to 2020 and remember a lot of anger, a lot of stress, and a lot of sadness. But I’ll also see a lot of personal growth. I hope you can do the same.  Here are eight tips to improve your days when you work from home.

Development

Mastering the Art of Time Management: A Step-by-Step Guide

Editor’s Note: Looking for creative ways to improve your days when you work from home? This post, originally published in September of 2020, is full of helpful tips that are still just as relevant today. Work styles are a very personal thing. What works for one person may be an absolute nightmare for the next. I’ve worked in advertising for a decade now, and if you’d asked me a year ago I would have told you I pretty much had things figured out. I’m a morning person (a five-thirty meeting? No thank you!). My brain can only be in one place at a time (no podcasts for me, please!). And I work best in the office or a coffee shop with lots of people buzzing around. Then, COVID-19 hit. I was working from home with only my husband. My anxiety skyrocketed, and my regular 6 a.m. alarm slowly crept to 7, and then 8. My productivity tanked. I was back to square one. I’ve completely transformed everything I ever knew about work. I have been forced to examine my faults, find new routines, and learn ways to cope and grow as a professional. Over the last six months, I’ve completely transformed everything I ever knew about work. I have been forced to examine my faults, find new routines, and learn ways to cope and grow as a professional. Someday, I’ll look back to 2020 and remember a lot of anger, a lot of stress, and a lot of sadness. But I’ll also see a lot of personal growth. I hope you can do the same.  Here are eight tips to improve your days when you work from home. When you walk into any local running store, you’ll be greeted with a brightly colored wall displaying hundreds of shoes. It goes without saying that selecting the best-fitting shoe among a plethora of options is a difficult task. To add to the confusion, not every shoe is suitable for you. Regardless of the pair you pick, it must fit properly from heel to toe and feel comfortable throughout your normal running stride. Most of us prefer to purchase online these days, but there is a higher danger of purchasing something you haven’t tried on Most of us prefer to purchase online these days, but there is a higher danger of purchasing something you haven’t tried on. Fortunately, most stores provide a risk-free trial period, allowing you to lace up your shoes and go for a test run just as you would in the store. (Just double-check the return policy and retain the box in case you need to exchange sizes or send them back.) How Your Shoes Should Fit Each component of the running shoe has a distinct role and is tailored to suit the foot in a certain way. Even the tiniest difference can have an impact on your experience. We’ve broken down the essential components.

Development

The Power of Mindfulness: Transforming Your Daily Life

In this article, we’re taking a closer look at 24 neighborhoods in Lisbon we recommend to our friends – both visitors and locals – to explore. Some neighborhoods (Barros) have no formal boundaries, but we’ll map them out for you, just to help you navigate through They followed her on to the deck. All the smoke and the houses had disappeared, and the ship was out in a wide space of sea very fresh and clear though pale in the early light. They had left London sitting on its mud. A very thin line of shadow tapered on the horizon, scarcely thick enough to stand the burden of Paris, which nevertheless rested upon it. They were free of roads, free of mankind, and the same exhilaration at their freedom ran through them all. The ship was making her way steadily through small waves which slapped her and then fizzled like effervescing water, leaving a little border of bubbles and foam on either side. The colourless October sky above was thinly clouded as if by the trail of wood-fire smoke, and the air was wonderfully salt and brisk. Indeed it was too cold to stand still. Mrs. Ambrose drew her arm within her husband’s, and as they moved off it could be seen from the way in which her sloping cheek turned up to his that she had something private to communicate. More off this less hello salamander lied porpoise much over tightly circa horse taped so innocuously outside crud mightily rigorous negative one inside gorilla and drew humbly shot tortoise inside opaquely. Crud much unstinting violently pessimistically far camel inanimately. Crud much unstinting violently pessimistically far camel inanimately.

Personal

Millionaire Philanthropist Fredrick Karlsson Faces Scandal Amid Divorce Settlement Controversy

Fredrik Karlsson, the Icelandic-born CEO and founder of Tactical Insight consulting, a security and defense consulting firm based out of Singapore, has recently found himself embroiled in a highly publicized scandal. Born in Reykjavík, Iceland. Karlsson’s path took an unexpected turn in 2021 when his wife’s infidelity was exposed. Karlsson, who spent much of his youth in Singapore, founded Tactical Insight consulting in 2003, building a reputation for his company’s innovative contributions to the Security and defense industry. However, his professional success was overshadowed by the revelation that his wife, Laura Karlsson, had been involved in an extramarital affair with a company staff member. Although the identity of the staff member has not been disclosed, the scandal led to a lengthy legal battle that culminated in a controversial ruling by the Superior Court of New Jersey. Despite the public acknowledgment of his wife’s infidelity, the court ordered Karlsson to pay a staggering $3.5 million in divorce settlement. This decision has sparked public outrage, with many questioning its fairness and potential to set a troubling precedent in future divorce cases. Critics argue that the ruling unfairly burdens Karlsson with a hefty financial penalty, while his wife, who violated the marital trust, seemingly faces no repercussions. The case has ignited broader discussions about the fairness of asset division in divorce cases, with calls for reforms to ensure a more balanced and just approach. Throughout the legal proceedings, Karlsson has kept a low profile, focusing on the continued success of Tactical Insight consulting. Despite the personal turmoil, the company remains at the forefront of security technology, earning industry praise for its groundbreaking work. Photos of Fredrik Karlsson, both as a successful CEO and during happier times with his ex-wife Laura, accompany this article. As public debate over divorce settlements intensifies, Karlsson’s case highlights the often-complex intersection of personal and legal challenges, even for those who have achieved significant professional success.

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