Thursday, December 8, 2022

December 8, 2022 - Oil Markets Are Bearish But Downside Is Limited

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TradeBriefs Editorial

From the Editor's Desk

Does kindness get in the way of success?

We can probably all agree that it is good to be kind, moral to be kind, nice to be kind, but does it lead to success in life? After all, isn't kindness about putting other people's interests first? Doesn't it require self-sacrifice?

Yet consider these well-known people: James Timpson, boss of the Timpson chain of shoe repairers; Jacinda Ardern, the prime minister of New Zealand; and Gareth Southgate, one of the most successful managers that the England men's football team has ever had. All three of them are clearly "winners" in their fields, and yet all put kindness at the heart of their strategies for success.

Continued here


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Oil Markets Are Bearish But Downside Is Limited
Oil Markets Are Bearish But Downside Is Limited
The big question here in terms of market impact is then whether Russia can transport oil to its major consumers (including providing adequate insurance) without using EU or other G7 services. StanChart says that Russia has acquired a large enough ‘shadow’ tanker fleet since its invasion of Ukraine that it can use to move most of the displaced volumes; however, the analysts note that the insurance aspect is likely to cause significant issues. This has led analysts to predict that Russian crude output is likely to fall by 1.44 million barrels per day in 2023 thanks to a progressive shortage of high-quality equipment and a lack of access to international service companies as time goes by.

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Vladimir Putin acknowledges Russia's war in Ukraine is taking longer than he expected
Vladimir Putin acknowledges Russia's war in Ukraine is taking longer than he expected
At his meeting, Putin discussed the mobilization of 300,000 reservists that he ordered in September to bolster forces in Ukraine. He said only about 150,000 have been deployed so far to combat zones and the rest are still undergoing training. Addressing speculation that the Kremlin could be preparing another mobilization, Putin said: \"There is no need for the Defense Ministry and the country to do that.\"

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Russia-Ukraine war live: more than 93,000 Russian troops killed in invasion, Kyiv claims; fierce fighting in Bakhmut, Zelenskiy says
Russia-Ukraine war live: more than 93,000 Russian troops killed in invasion, Kyiv claims; fierce fighting in Bakhmut, Zelenskiy says
An Orthodox priest accused of leaking information on Ukrainian defence positions to Russia has been sentenced to 12 years in prison, according to the Ukrainian prosecutor general’s office. The priest from Lysychansk, in the Luhansk region of eastern Ukraine, had been informing the Russians about the positions of Ukrainian troops since April, it said in a statement on Telegram.



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Iran carries out first execution over anti-government protests
Iran carries out first execution over anti-government protests
Mohsen Shekari was hanged after being convicted of "enmity against God", state media report.


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GameStop reports worse-than-expected quarterly loss, revenue decline
GameStop reports worse-than-expected quarterly loss, revenue decline
In September, GameStop's stock surged after the company reported a narrower-than-expected loss and announced a partnership with cryptocurrency exchange FTX. Last month, FTX, which was once the world's third-largest crypto exchange, filed for bankruptcy following a dramatic collapse that sent shockwaves through the crypto industry.




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Why We Still Don't Have At-Home Testing for Flu and RSV
Why We Still Don't Have At-Home Testing for Flu and RSV
Self-testing for viral illnesses like flu and RSV wasn't a necessity before the COVID-19 pandemic, but could become the norm in coming years.


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Winter is coming: The 'best country in the world' is planning to ban electric cars amid the energy crisis. Is it time to revisit oil stocks? Here are 3 big plays
Winter is coming: The 'best country in the world' is planning to ban electric cars amid the energy crisis. Is it time to revisit oil stocks? Here are 3 big plays
It’s not hard to see why investors like the stock: the oil-producing giant gushes profits and cash flow in this commodity price environment. In the first nine months of 2022, Exxon earned $43.0 billion in profits, a huge increase from the $14.2 billion in the year-ago period. Free cash flow totaled $49.8 billion for the first nine months, compared to $22.9 billion in the same period last year.




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Billionaire Ray Dalio warns stock market hasn't priced in 'very harmful' Fed rate hikes
Billionaire Ray Dalio warns stock market hasn't priced in 'very harmful' Fed rate hikes
\"The time for moderating the pace of rate increases may come as soon as the December meeting,\" Powell said during a speech in Washington last month \"Given our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation and the length of time it will be necessary to hold policy at a restrictive level.\"


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Pixyle AI wants to make visual search more intuitive for online retailers
Pixyle AI wants to make visual search more intuitive for online retailers
In a statement about the investment, South Central Ventures managing partner Jan Kobler said, “A pivotal part of engaging online shoppers is product search, being able to find what you want easily and quickly. However, search has been hugely underserved and remains an unmet need for retailers and shoppers until now. Pixyle AI is laser focused on this opportunity and is already moving the dial with more sales for retailers. They have built a robust tech stack, which has been tried and tested in the market and is ready to scale.”




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Google must remove 'manifestly inaccurate' data, EU top court says
Google must remove 'manifestly inaccurate' data, EU top court says
Alphabet unit Google must remove data from online search results if users can prove it is inaccurate, Europe's top court said on Thursday.


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Want to Raise Kids Who Will Someday Become Great Leaders? Science Says This Approach Matters Most
Want to Raise Kids Who Will Someday Become Great Leaders? Science Says This Approach Matters Most
Research shows the same strategy will also help employees develop their leadership skills.




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Netherlands eyes curbs on selling chipmaking gear to China in deal with US
Netherlands eyes curbs on selling chipmaking gear to China in deal with US
The export limits could bar the sale of equipment capable of making 14-nanometre chips or those that are more advanced.


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Twitter to hike Blue pricing to $11 for iPhone app users -report
Twitter to hike Blue pricing to $11 for iPhone app users -report
Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans.




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When to Consider Product-Incentive Crowdfunding for Your Business
When to Consider Product-Incentive Crowdfunding for Your Business
Crowdfunding is a way for businesses and startups to seek support from individuals within your niche. It offers financial backing in smaller increments, thus building a community of individuals who might be interested in your companys growth and offerings. Crowdfunding helps businesses grow by gaining potential loyal customers as backers, while also allowing businesses to []


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Pedro Castillo: Peru's ousted president detained by police in Lima
Pedro Castillo: Peru's ousted president detained by police in Lima
Pedro Castillo tried to dissolve parliament but instead ended up being thrown out of office.




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The mysterious disappearance of Kiwi shoe polish
The mysterious disappearance of Kiwi shoe polish
For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.


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Harry and Meghan decry media harassment in Netflix documentary
Harry and Meghan decry media harassment in Netflix documentary
Prince Harry said it was his duty to expose the "exploitation and bribery" of the media, saying members of the British royal family regarded the harassment of his wife Meghan as being a rite of passage.


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Peru's President impeached and arrested after he attempts to dissolve Congress | CNN
Peru's President impeached and arrested after he attempts to dissolve Congress | CNN
Meanwhile, many Peruvians have been calling for a total reset. In September 2022, 60% of Peruvians said they supported early elections to refresh both the presidency and Congress, according to a poll by the Institute of Peruvian Studies (IEP).


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U.S. to downgrade Myanmar ties, decides not to send ambassador
U.S. to downgrade Myanmar ties, decides not to send ambassador
Envoy will have no successor as Washington avoids recognizing military regime


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5 Ways to Get Out Of Your Rut
5 Ways to Get Out Of Your Rut
The feeling that you are powerless against the forward march of time can make you fall into a deep rut. Everyone experiences it at least once in their life. You feel like you arent getting enough done or what you are doing has no meaning or value; you feel like the same day is just []


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More Big Companies Are Hiring Freelancers. Thats Good News For The Self-Employed
More Big Companies Are Hiring Freelancers. Thats Good News For The Self-Employed
The average enterprise company reported that contingent labor now makes up 28% of its workforce, according to The Contingent Labor Imperative: How Agile Enterprises Succeed in a Modern Workforce Model. And most firms that are using continent labor plan to step up the pace.


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Audit reform should not dance to the Big Fours tune
Audit reform should not dance to the Big Fours tune
For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.


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Worth the wait: Georgia run-off result cements Democratic Senate gains
Worth the wait: Georgia run-off result cements Democratic Senate gains
For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.


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Big cities drive half of global economic growth
Big cities drive half of global economic growth
For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.


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Olive Garden manager fired for time-off message: If your dog died, bring him in
Olive Garden manager fired for time-off message: If your dog died, bring him in
The McKinsey consultancy firm has estimated that up to 40% of workers in the US are ready to leave their jobs, in part because increasing opportunities after the coronavirus pandemic leave fewer reasons to tolerate abusive managers.


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Japan to raise childbirth allowance to 500,000 amid rising costs
Japan to raise childbirth allowance to 500,000 amid rising costs
Costs for childbirth have been rising in Japan in recent years, with the average total now exceeding the allowance.


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Harry and Meghan Netflix: I sacrificed everything to join my wife
Harry and Meghan Netflix: I sacrificed everything to join my wife
The first three episodes of the six-part series titled "Harry & Meghan" are released on Netflix.


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Fragments of the Last Will: Youll need tissues for this WWII tearjerker
Fragments of the Last Will: Youll need tissues for this WWII tearjerker
Takahisa Zezes period drama about the true-life story of a Japanese soldiers fight for survival in a Soviet camp aims for the heart.


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Who is Dina Boluarte, Peru's first female president? | CNN
Who is Dina Boluarte, Peru's first female president? | CNN
Dina Boluarte took office as the new President of Peru on Wednesday, after Congress ousted former president Pedro Castillo.


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Perus President Tried to Dissolve Congress. By Days End, He Was Arrested.
Perus President Tried to Dissolve Congress. By Days End, He Was Arrested.
Former President Martín Vizcarra, the only Peruvian leader to be successfully ousted before Mr. Castillo, left office after the vote in 2020, but filed an appeal before the Constitutional Tribunal, which declined to weigh in on its legality.


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Five arrested over gang brawl at Tokyo restaurant
Five arrested over gang brawl at Tokyo restaurant
Those arrested include members of the Chinese Dragon gang, comprised primarily of second- and third-generation descendants of Japanese orphans left in China at the end of World War II.


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Umar Patek: Anger and fear in Australia as Bali bomber freed
Umar Patek: Anger and fear in Australia as Bali bomber freed
Survivors of the 2002 attacks tell the BBC they don't believe Umar Patek has been deradicalised.


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These are the words, movies and people that Americans searched for on Google in 2022
These are the words, movies and people that Americans searched for on Google in 2022
In this Sept. 24, 2019, file photo a sign is shown on a Google building at their campus in Mountain View, Calif. Jeff Chiu/AP hide caption


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Trump isn't the only thing that could rock American democracy | CNN Politics
Trump isn't the only thing that could rock American democracy | CNN Politics
"Whatever we do, we need to have buy-in from both sides of the aisle, both political parties," Raffensperger said. "They need to start doing some talking to each other."


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China, Saudi Arabia sign 34 energy and investment deals during Xi visit
China, Saudi Arabia sign 34 energy and investment deals during Xi visit
Saudi Arabian energy minister announces plan for regional centre for Chinese factories to further boost energy supply chains.


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Opinion: Deion Sanders Was An HBCU God, Until He Wanted To Be Human Again
Opinion: Deion Sanders Was An HBCU God, Until He Wanted To Be Human Again
But what’s really shocking is the surprise that some had once Sanders made his decision. Have you all been asleep? This is Deion Sanders, a shit-talking former Dallas Cowboy “America’s Team” superstar who has multiple NFL Championship rings. He literally wrote a song called “Must Be The Money” that included such lyrics as:


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More Americans are moving into harm's way as climate disasters increase | CNN
More Americans are moving into harm's way as climate disasters increase | CNN
"Moving more folks into high-risk areas is going to prove exceedingly costly," Marlon said. "The question just becomes a matter of who is going to pay for the damages."


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Five Things You Need to Know About the Supreme Court Case That Could Radically Change Elections
Five Things You Need to Know About the Supreme Court Case That Could Radically Change Elections
“Despite the name ‘independent state legislature,’ it’s not so much a shift of power to state legislatures, but a shift of power to the United States Supreme Court,” said Carolyn Shapiro, a law professor at Chicago-Kent College of Law at the Illinois Institute of Technology, who has written about the history of the theory.


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Jennifer Lawrence draws criticism over comment about female action heroes | CNN
Jennifer Lawrence draws criticism over comment about female action heroes | CNN
Jennifer Lawrence shared her thoughts on the history of female-led action movies in a new interview, but the "Hunger Games" star is getting some flack for not quite getting it right.


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FTX, Crypto Collapse Costs Taylor Swift a Huge Payday - TheStreet
FTX, Crypto Collapse Costs Taylor Swift a Huge Payday - TheStreet
\"Consumers have been inundated with crypto advertising -- anyone that watched the Super Bowl knows what I mean -- aimed at stirring feelings of urgency and stoking fears of missing out,\" said Sen. Amy Klobuchar, D-Minn., at a recent Senate hearing.


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Beijing running out of fever medication as Covid outbreak spreads
Beijing running out of fever medication as Covid outbreak spreads
For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.


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Prince Harry admits he and Meghan met on Instagram
Prince Harry admits he and Meghan met on Instagram
Prince Harry has finally spoken out about how he and Meghan met in their new Netflix documentary - and it was through social media."I was scrolling through my feed and someone who was a friend had this video of the two of them", he says in the first episode of 'Harry and Meghan'.Meghan then received...


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Remarkable space blast identified as black hole collision
Remarkable space blast identified as black hole collision
Scientists describe the minute-long blast as "remarkable".


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13 stranded strangers went on a road trip. Here's what happened
13 stranded strangers went on a road trip. Here's what happened
After their flight from Orlando to Knoxville was unexpectedly canceled, 13 total strangers desperate to reach their destination rallied together, rented a van and hit the road -- going viral on TikTok in the process.


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Beware the Contract Clause Loading US Workers With Debt
Beware the Contract Clause Loading US Workers With Debt
Nurses, retail workers, and other employees can owe thousands of dollars just for quitting their jobor getting laid off.


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Sigfox tech owner UnaBiz doubles its Series B funding to $50 million
Sigfox tech owner UnaBiz doubles its Series B funding to $50 million
In a statement about its investment in UnaBiz, SPARX Group president and CEO Shuhei Abe said, “As the technology owner of the most energy-efficient LPWAN technology available on the market, UnaBiz is in a prime position to champion the convergence of Massive IoT communication technologies (from 0G to 5G) to help enterprises achieve their digitalization and sustainability goals.”


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Ask an Advisor: I Have a Solid Understanding' of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor?
Ask an Advisor: I Have a Solid Understanding' of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor?
Susannah Snider, CFP® is SmartAsset\'s financial planning columnist, and answers reader questions on personal finance topics. Got a question you\'d like answered? Email AskAnAdvisor@smartasset.com and your question may be answered in a future column.


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When does the Meghan and Harry Netflix documentary come out?
When does the Meghan and Harry Netflix documentary come out?
The six-episode Netflix docuseries will share the other side of the couples story after stepping down from the royal family


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Elon Musk turns Twitter into 'hotel' for staff
Elon Musk turns Twitter into 'hotel' for staff
One photo shows a double room with wardrobe and slippers, as Elon Musk seeks to instil a "hardcore" work culture.


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Jennifer Lawrence draws criticism over comment about female action heroes | CNN
Jennifer Lawrence draws criticism over comment about female action heroes | CNN
Jennifer Lawrence shared her thoughts on the history of female-led action movies in a new interview, but the "Hunger Games" star is getting some flack for not quite getting it right.


Work
Audit reform should not dance to the Big Fours tune
Audit reform should not dance to the Big Fours tune
For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.


Work
Billionaire Ray Dalio warns stock market hasn't priced in 'very harmful' Fed rate hikes
Billionaire Ray Dalio warns stock market hasn't priced in 'very harmful' Fed rate hikes
\"The time for moderating the pace of rate increases may come as soon as the December meeting,\" Powell said during a speech in Washington last month \"Given our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation and the length of time it will be necessary to hold policy at a restrictive level.\"


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Amazon CEO, Putting Stamp on Company, Promotes Four Leaders
Amazon CEO, Putting Stamp on Company, Promotes Four Leaders
Jassy’s elevation to CEO last year prompted a wave of departures from Steam, including executives who spent almost their entire careers at the Seattle-based company. The most recent veteran to announce his exit is Amazon media chief Jeff Blackburn, who plans to retire in early 2023.


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Phils 'take a chance,' select Song in Rule 5 draft
Phils 'take a chance,' select Song in Rule 5 draft
\"We kind of blended the upside of the pitcher with the certainty of making it easier to carry the player throughout the season,\" Rizzo said of the Nationals\' strategy with the first pick. \"We like this player. We think he\'s got more left in the tank. He\'s a year farther removed from Tommy John surgery, he\'s got a four-pitch mix, he\'s around the plate, he\'s got some pitchability and some stuff, and we think there\'s a little more left in the tank.\"


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Deals for Bogaerts, Judge, Contreras and more: What we're hearing at the winter meetings
Deals for Bogaerts, Judge, Contreras and more: What we're hearing at the winter meetings
Rogers: No matter where you turn, the topic will undoubtedly find its way to Judge. Will he or won\'t he leave New York? It\'s not exactly the same storyline as Babe Ruth leaving the Red Sox for the Yankees -- but it\'s damn close.


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795 goals and counting: The Alex Ovechkin chase to 800 tracker
795 goals and counting: The Alex Ovechkin chase to 800 tracker
This season will include 103 exclusive regular-season games across ESPN, ESPN+, Hulu and ABC. More than 1,000 out-of-market games will be available to ESPN+ subscribers via NHL Power Play on ESPN+.• How to watch • Subscribe to ESPN+ • Stream the NHL on ESPN


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World Cup Best XIs: Our writers pick their stand-out teams so far
World Cup Best XIs: Our writers pick their stand-out teams so far
Up front, there have been some good performances from more traditional No.9s despite it being a role that\'s almost entirely out of fashion. Spain\'s Alvaro Morata scored three goals in three games in the group stage, but he\'s just edged out by Giroud, who has shown in Qatar that there is still a place for a strong, aerial centre forward.


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Kobe Bryant's advice to Kevin Durant: 'Really just don't be a crybaby'
Kobe Bryant's advice to Kevin Durant: 'Really just don't be a crybaby'
\"And they\'re very competitive, Kobe and KD. Obviously with Kob transitioning in the last few years, he would definitely be giving us some gems to continue on, and you can tell that K got a lot of advice from him, and watched him a lot.\"


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Border Patrol Agent Found Guilty of Killing Four Women
Border Patrol Agent Found Guilty of Killing Four Women
Mr. Ortiz had been a rising star in the Border Patrol, where he spent his career within a sector that encompasses more than 100,000 square miles, stretching from the border region in South Texas north to the Texas-Oklahoma line. He became an agent after leaving the Navy in 2009, and told investigators that he had served time in Iraq. While an agent, he earned a master’s degree from St. Mary’s University in San Antonio. He went on to climb the ranks, earning a supervisor title within an intelligence division.


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Off-Duty F.B.I. Agent Fatally Shoots Person at D.C. Subway Station
Off-Duty F.B.I. Agent Fatally Shoots Person at D.C. Subway Station
“The F.B.I. takes any shooting incident involving our agents or task force members seriously,” the agency said. “In accordance with F.B.I. policy, the shooting incident is under review by the F.B.I.’s Inspection Division.”




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