Dawn Gallagher

[zerohedge @zerohedge]

"Doesn't Look Good": Explosion Rocks Major New Orleans-Area Refinery As Fuel Markets Tighten https://t.co/gJvgNhDOP2

[Energy Headline News @OilHeadlineNews]

World Oil Inventories Are Falling at a Record Pace

[Eric Nuttall @ericnuttall]

US electricity demand is forecast to grow by 52% over the next 15 years, up from an earlier estimate of 31% just one year ago(!). Staggering growth relative to prior decades, and hugely bullish we believe for natural gas.

[Anas Alhajji @anasalhajji]

One more time: oil is a natural resource, and natural resource economics apply. Do not try to be fancy with finance nonsense that doesn’t apply to natural resources. You are just exposing your ignorance of the oil industry.

[Energy Headline News @OilHeadlineNews]

U.S. NATURAL GAS FUTURES EXTEND GAINS, PRICES JUMP 6% TO ONE-WEEK HIGH ON FORECASTS FOR COLDER WEATHER IN NOVEMBER AND NEAR-RECORD LNG EXPORT FLOWS

[Energy Headline News @OilHeadlineNews]

Goldman: Oil prices are down 45% from their 2022 peak, and we expect Brent/WTI to decline further and average mid/low $50s in 2026

[Pipeline & Gas Journal @PipelineandGas]

BREAKING NEWS: California Resources Corporation will acquire Berry Corporation in a $717 million all-stock deal, creating a larger California-focused energy producer.

https://t.co/QS2tmn1CRX

#merger #acquisitions

[Dawn Gallagher @dawnzeeg]

@JuliOnTwtr :crude up 800k, Cushing up 100k, gasoline up 1.9m and distillate up 700k

[First Squawk @FirstSquawk]

BOJ’S KOEDA FLAGS UNCERTAINTY AROUND NEXT RATE HIKE AMID COST-PUSH INFLATION || SAYS TIMING OF THE NEXT BOJ RATE HIKE REMAINS UNCERTAIN DUE TO PERSISTENT COST-PUSH INFLATION PRESSURES.

[First Squawk @FirstSquawk]

BOJ’S KOEDA SAYS FOOD AND RICE PRICES HAVE RISEN MORE THAN EXPECTED SINCE THE MAY MEETING, CONTRIBUTING TO CPI GAINS. || SAYS WEIGHTED MEDIAN INFLATION REMAINS BELOW 2%, SUGGESTING INFLATION MOMENTUM IS NOT YET FULLY EMBEDDED.

[First Squawk @FirstSquawk]

BOJ KOEDA SAYS CLOSELY WATCHING SECOND-ROUND EFFECTS FROM THE RICE PRICE SURGE ON BROADER INFLATION EXPECTATIONS. || KOEDA ADDS THAT THE BOJ MUST BEGIN DEBATING FUTURE BALANCE SHEET REDUCTION AND ITS JGB HOLDINGS. || HOWEVER, THERE ARE NO CURRENT PLANS TO SELL ETF HOLDINGS.

[zerohedge @zerohedge]

*POWER OUTAGE RISKS INCREASE BY 100% BY 2030: US ENERGY DEPT

so... one constant power outage?

[unusual_whales @unusual_whales]

In more than 230 U.S. cities, even a starter home costs an average of $1 million, according to Zillow

[Julianne Geiger @JuliOnTwtr]

API Inventory Moves 7/1

Crude +680,000 (exp. -2.26 million)
Gasoline +1.920 million
Distillates -3.458 million
Cushing -1.417 million
________________
SPR actual +300,000

#oott #crudeoil

[zerohedge @zerohedge]

*AMAZON PUTS IN A LAST-MINUTE BID TO ACQUIRE ALL OF TIKTOK: NYT

[Dawn Gallagher @dawnzeeg]

Baker Hughes:
US Rig Count is unchanged from last week at 592 with oil rigs up 1 to 487, gas rigs down 1 to 100 and miscellaneous rigs unchanged at 5

US Rig Count is down 37 rigs from last year's count of 629 with oil rigs down 23, gas rigs down 16 and miscellaneous up 2

[*Walter Bloomberg @DeItaone]

UNIVERSITY OF MICHIGAN SURVEYS OF CONSUMERS 1-YEAR INFLATION OUTLOOK PRELIM MARCH 4.9% VS FINAL FEB 4.3%

UNIVERSITY OF MICHIGAN SURVEYS OF CONSUMERS 5-YEAR INFLATION OUTLOOK PRELIM MARCH 3.9% VS FINAL FEB 3.5%

[unusual_whales @unusual_whales]

"Goldman Sachs, $GS, slashes 2025 GDP forecast on negative tariff impact," per CNBC

[Craig Fuller 🛩🚛🚂⚓️ @FreightAlley]

So far, there no signs that tariff threats are driving inflation. A lot of the data suggests the opposite.

The lack of clarity around tariffs appears to be causing businesses to pull back investment sharply. Watching the freight charts in recent days has me highly concerned.

[Anas Alhajji @anasalhajji]

Study:

If EPA tailpipe emissions regulations and federal clean vehicle tax credits are repealed:
🚗Sales of battery electric vehicles could drop about 30% in 2027 and 40% in 2030 relative to a scenario where current policies are continued.

🚗The share of battery electric vehicles in new light vehicle sales could drop from about 18% to 13% in 2026 and 40% to 24% in 2030.

🚗Cumulatively, 8.3 million less EVs and plug-in hybrids could be on U.S. roads in 2030.

🚗As much as 100% of planned construction and expansion of U.S. electric vehicle assembly and half of existing assembly capacity could be at risk of cancellation or closure.

🚗Between 29% and 72% of battery cell manufacturing capacity currently operating or online by the end of 2025 would also be unnecessary to meet automotive demand and could be at risk of closure, in addition to 100% of other planned facilities.

Link: https://t.co/M7YNHx1T6h