Columbus, OH

CBS Pittsburgh

The world could have a glut of oil by the end of the decade because of rising production combined with declining demand as consumers and businesses switch to electric vehicles and renewable energy, according to a new report from the International Energy Agency.The International Energy Agency said Wednesday that the world's total oil supply capacity is expected to rise to about 114 million barrels a day by 2030, which the group said would amount to "staggering" 8 million barrels a day beyond projected demand. That type of spare capacity hasn't been seen outside the COVID-19 lockdowns of 2020, when economies across the...

The world could soon see a massive oil glut. Here's why.

U.S. oil production has been flat for the past 10 months, but is still on track to set a new annual record in 2024. Rystad Energy predicts near-zero global oil supply growth this year, marking the first time since 2020. Despite flat growth, the U.S. will set a new oil...

U.S. to Set New Oil Production Record, But 2025 Looks Bleak

Brazil's oil production has started to recover following a plunge earlier this year as many offshore platforms underwent planned repairs and maintenance work. After a 25% drop in Brazilian output at the beginning of the year, platforms are returning from maintenance and producing more oil. Earlier-than-expected starts to some projects are also set to help Brazil recover its oil output later this year, and production could exceed forecasts, some analysts say.

Brazil's Oil Surge Set to Challenge OPEC's Market Strategy

[Stay on top of transportation news: Get TTNews in your inbox.]. U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey. More than 50% of oil executives told the Dallas Fed they foresee lower domestic crude...

Shale Executives See Takeovers Squeezing US Oil Production

Claudia Chee, 32, has a love for all things Costco. She's furnishing her new apartment with items from the store. She created the Instagram account @CostcoClaudia, where she models clothing and shares her experiences. She earns about $7,000 a month as an influencer, as well as around $5,000 a month from her job as a piano teacher.

I bought all my furniture at Costco for $5,000: Take a look inside

Fox Business

Experts talk to FOX Business about what prices will be like at the gas pump this summer as travel picks back up. The insight comes just weeks away from the Fourth of July.

Gas prices: What to expect this summer

SM Energy is reportedly in talks to acquire XCL Resources in a deal that has been valued at $3 billion. XCL Resources is a major player in Utah’s Uinta Basin, a shale formation that has not been getting as much attention as the Permian but is a contributor to the U.S. total in light, sweet shale crude.

Another Billion-Dollar U.S. Oil Acquisition Is on the Horizon

Fremont, CA

At 32, after 12 years of living rent-free with my parents in the San Francisco Bay area, I was ready to move into my own place. I had saved $400,000 and had the flexibility to make the leap, but whether it was uncertain streams of income, wanderlust and mostly, the financial benefits of staying put, something had been holding me back. Until November 2023, when I visited a friend at their Fremont, California, apartment complex.

33-year-old pays $2,146/month for 556-square-foot studio in California furnished 'almost entirely with Costco': Take a look inside

Missouri State

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CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

Construction material prices fell 0.9% in May and are up 2.1% on a year-over-year basis, according to Associated Builders and Contractors. Prices in May were 41% higher than in February 2020. Nonresidential construction material prices fell 0.8% from April to May and increased 2.2% compared with one year ago. Softwood...

Construction material prices fell for the first time since December 2023

Texas State

Breckenridge Texan

Average gasoline prices in Texas have risen 5.9 cents per gallon in the last week, averaging $3.09/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 4.7 cents per gallon higher than a month ago and stand 3.7 cents per gallon lower than a year ago. The national average price of diesel has risen 1.4 cents in the last week and stands at $3.77 per gallon.

Price of oil, hurricanes could lead to higher gas prices

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

CNBC's Phil LeBeau joins 'Squawk Box' to report on Boeing as the plane maker announces plans to buy fuselage maker Spirit AeroSystems in a $4.7 billion deal.

Boeing to buy Spirit AeroSystems in $4.7 billion deal

Reuters

LONDON (Reuters) - China's copper scrap imports have soared due to shortages of concentrate that is processed into refined metal used in the power and construction industries, but record high prices mean U.S. shipments are likely to pause.

Record copper prices likely to pause U.S. scrap shipments to China

(Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast. The 20 vessels loaded were less than the 22 ships...

Canada’s Trans Mountain Oil Pipeline Just Shy of Target for First-Month Loadings

A new price cap from energy regulator Ofgem takes effect but bills are likely to rise again before winter.

Energy prices fall but relief may be temporary

The New York borough of Manhattan is the most expensive place to live in the U.S. — and the cost of living in the No. 2 place isn't even close. The cost of living in Manhattan is more than twice the national average. The second- and third-most expensive places are Honolulu and San Jose, California, but in comparison, they are much more affordable. Manhattan is 24% more expensive than Honolulu and 30% more expensive than San Jose.

The 10 U.S. places with the highest cost of living—No. 1 costs more than double the national average

For decades, the United States has been a net consumer of energy, using up more energy than it produces. However, a sharp increase in oil and gas production following the shale boom as well as the ongoing renewable energy revolution has helped change the energy trajectory over the past 15 years. And now the U.S. Energy Information Administration (EIA) has reported that U.S. energy production exceeded consumption by record amounts in 2023.

U.S. Energy Production Chalks Up Another Record

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

NewsBreak

U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday

U.S. crude oil rose above $82 per barrel as prices gained ahead of the Fourth of July. Though oil prices have risen, the average price for...

U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday

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