Markets Insider

The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues, Goldman Sachs predicted.

The US will be an oil production powerhouse through at least 2026, Goldman Sachs says

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million barrels per day a year ago.

US oil production just hit a record high

Canada just got a commodity-driven economic surprise. The country’s data hub, Statistics Canada, released numbers Tuesday that said the country exported C$638 million ($432 million) more in goods and services than it imported in June, far more than the C$2 billion trade deficit that Bloomberg reports economists had been expecting. The products driving the increase? Oil and gold.

Canada exported so much gold and oil in June that it got a surprise trade surplus

(Bloomberg) — China’s export engine, vital for keeping the country’s growth target of around 5% within reach, is now threatened by signs of sagging US demand, just as Beijing is also struggling to jolt its own consumer economy. Sales abroad have been a rare bright spot for...

U.S. Slowdown Imperils China’s Path to Export-Driven Recovery

The Independent

 Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year was $220.7 billion, up from $218.6 billion the year before. Profits in 2023 were $61.9 billion, nearly $5 billion higher.“The decrease was primarily a result of lower crude oil volumes sold, weakening refining margins and lower finance and other income,” Aramco said in a filing on Riyadh's Tadawul stock exchange. “This was partially offset by higher...

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

Florida State

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L. Cane

Astute Floridians may already know that 2023 was a very difficult year for the trucking industry and 2024 is proving to be difficult for trucking in Florida. Specifically, according to Costa Systems, in 2023, 80,000 trucking companies shut down operations. And in Florida in July of 2024, three trucking companies filed for bankruptcy and one laid off dozens.

FL Trucking Hit Hard - Three Trucking Companies File For Bankruptcy & Another Lays Off In July 2024

Sen. Elizabeth Warren sent a letter to Tesla Chairperson Robyn Denholm on Thursday concerning CEO Elon Musk and possible breaches of his fiduciary duty to the company. Warren wants to know whether the board has ever bothered to investigate Musk's use of Tesla resources to benefit his other companies, including SpaceX and xAI.

Tesla's board faces questions from Elizabeth Warren about Musk's corporate 'entanglements'

Louisiana State

Mississippi State

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. States in the Deep South...

The 5 States With the Lowest Gas Prices

Cost Has Dropped 9.7¢ Over Three Consecutive Declines. The national average diesel price dropped 1.1 cents to $3.768 a gallon, according to Energy Information Administration data released July 29. Highlights. Weekly Trends: Diesel’s national average price has now dropped for three consecutive weeks, totaling 9.7 cents over this period....

Diesel Price Dips 1.1¢ to $3.768 a Gallon

UPS will soon acquire a nearly 50-year-old delivery company based in Mexico as part of the company’s plan to become the top delivery service in the world. UPS has entered into an acquisition agreement with Estafeta, which is expected to close by the end of the year. The acquisition of Estafeta will include six Boeing 737-400 freighters, along with maritime, railway, and trucking services, reported AirCargoNews.

UPS to acquire nearly 50-year-old Mexican delivery company

BMO is offering up to $500 in cash bonuses on its Smart Advantage Checking Account, Smart Money Checking Account and Relationship Checking Account. If you open an account by September 9, you can cash in on one of the account bonuses, provided you meet some requirements. Here's what you need to know.

BMO is offering three checking account bonuses of up to $500 — here's how to get it

Auto suppliers are grappling to find workers and facing higher expenses, even as the Federal Reserve signals that labor supply and demand are in balance in the economy for the first time in years. “It’s certainly alleviated, but is it where we were pre-COVID on costs and availability, which weren’t...

Auto suppliers continue to grapple with worker shortage, high costs

CNBC's Megan Cassella joins 'The Exchange' to discuss the latest developments in political news leading up to the 2024 presidential election.

Harris aide: Harris believes Fed should make decisions independent of the president

The OPEC+ group boosted its oil production in July and increased the overproduction above its implied target as the three producers that have pledged to compensate for exceeding quotas continued to pump well above their respective ceilings, according to the Platts OPEC+ survey from S&P Global Commodity Insights. OPEC+ saw...

OPEC+ Boosts Oil Production Despite Vows to Cut

Chris Pyle spends the entirety of his workdays wearing a white tank top and boxer shorts, sitting in a recliner. It's an unusual setting for a mechanic, but a profitable one. Pyle started answering strangers' questions about their gas and diesel engines on JustAnswer as a side hustle in October 2006.

45-year-old mechanic quit his full-time job for his side hustle—now he makes $14,200 a month: My paycheck is 'very consistent’

South Carolina State

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Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Warren, MI

Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup. The company has not announced a vehicle to replace the truck. The layoffs are expected to start as soon as...

Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Texas State

Breckenridge Texan

Average gasoline prices in Texas have fallen 10.2 cents per gallon in the last week, averaging $3.00/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 5.9 cents per gallon lower than a month ago and stand 46.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 2.3 cents in the last week and stands at $3.76 per gallon.

Watching crude oil's recovery

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