Elon Musk has responded to a Belarusian opposition plea to use his lever “to stop dictatorship”. People on Twitter were full of ideas about how the extravagant billionaire can help. Belarus is facing the worst wave of anti-government protests the country has seen in decades, and the opposition could use …
Read More »Oil drops with IEA question Outlook refers to weakness ahead
(Bloomberg) – Oil fell the most in almost a week, as investors assessed the International Energy Agency’s declining forecasts for global oil demand, in part due to a delay in air travel. Load error US crude futures lost steam and fell 1% on Thursday after closing at a high of …
Read More »Why Novavax Stock jumped today
What happened Shares of Novavax (NASDAQ: NVAX) Gained 7% on Thursday after the biotechnology company struck a development and supply alliance with SK Bioscience, a subsidiary of the South Korean giant SK Group. So what SK Bioscience will produce the antigen component of Novavax’s experimental COVID-19 vaccine, NVX-CoV2373. The two …
Read More »Trail Blazers Vs. Nets score, takeaways: Portland sounds 8-seeded with another huge night of Damian Lillard
After months of planning, and two weeks of boiling games in the NBA’s Disney World bubble, it all came down to the Portland Trail Blazers’ matchup with the Brooklyn Nets on Thursday night. And after an unbelievable back-and-forth game, the Blazers claimed a place in the play-in series with a …
Read More »Oil prices will spike because linear extrapolations have never worked for oil markets
Welcome to the oil extraction edition of Oil Markets Daily! Back in March / April when the Saudis declared a world oil price war, analysts and pundits began predicting how global oil inventories would reach tank tops. The reason was that, if demand dropped by ~ 30 mb / d …
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