Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
imaginima/E+ via Getty Images U.S. crude oil ( CL1:COM ) and petroleum product inventories have dropped to their lowest point in more than two decades, falling to 1.573B barrels as of late May 2026. This marks the lowest overall stockpile level since May 2004. The sharp decline is largely driven by surging U.S. crude exports to Europe and Asia, aiming to fill supply gaps caused by the ongoing war ...
imaginima/E+ via Getty Images U.S. crude oil ( CL1:COM ) and petroleum product inventories have dropped to their lowest point in more than two decades, falling to 1.573B barrels as of late May 2026. This marks the lowest overall stockpile level since May 2004. The sharp decline is largely driven by surging U.S. crude exports to Europe and Asia, aiming to fill supply gaps caused by the ongoing war with Iran and shipping blockades in the Strait of Hormuz. In addition, to combat rising domestic fuel costs, the government has continued to heavily draw down the Strategic Petroleum Reserve. SPR stocks recently plunged by 8M barrels in a single week to hit 357.1M barrels, its lowest level since January 2024. Commercial crude inventories also fell by 8M barrels to 433.7M barrels, sitting 3% below the five-year average. Seeking Alpha More on Crude Oil Futures, United States Oil Fund LP ETF Commodities: Dwindling Oil Inventories Leave Market Increasingly Vulnerable Investment Strategy For The Upcoming Inflationary Recession Oil Fundamentals - U.S. Shale Output Growth Will Not Come To The World's Rescue This Time Around U.S. House of Representatives votes to restrict Trump's military actions in Iran Middle East war drains U.S. oil inventories to lowest since 2004; analysts warn of price spike ahead
Broadcom Earnings: Stock Decline Is an Overreaction to Conservative Guidance Morningstar Broadcom: A Golden Buying Opportunity (NASDAQ:AVGO) Seeking Alpha Broadcom stock sinks nearly 15% as AI chip forecast disappoints Yahoo Finance Earnings Call Summary | Broadcom(AVGO.US) Q2 2026 Earnings Conference Moomoo Broadcom Stock Sank Like This Only 3 Times In Its History: Each Was A Buy - Advanced Micro...
Broadcom Earnings: Stock Decline Is an Overreaction to Conservative Guidance Morningstar Broadcom: A Golden Buying Opportunity (NASDAQ:AVGO) Seeking Alpha Broadcom stock sinks nearly 15% as AI chip forecast disappoints Yahoo Finance Earnings Call Summary | Broadcom(AVGO.US) Q2 2026 Earnings Conference Moomoo Broadcom Stock Sank Like This Only 3 Times In Its History: Each Was A Buy - Advanced Micro Devices (NASDA Benzinga Broadcom: AI guidance gap reveals the cost of sky-high expectations Proactive financial news AVGO Stock Headed For $319B Market Cap Wipeout, But Analysts Eye Buying Opportunity Stocktwits Will Broadcom Stock Recover After Its Guidance Disappointment, Or Should You Cut Your Losses? Yahoo Finance Broadcom Q2: AI Demand Still Points To A Strong FY2027 Ramp (NASDAQ:AVGO) Seeking Alpha
Microsoft (NasdaqGS:MSFT) has introduced xPilot with Hanshow, a retail-focused platform that applies real-time AI to physical store operations. The solution uses Azure and Microsoft Fabric to connect in-store data with retailer business systems, supporting digital twins and AI agents for store execution. Rainbow Department Store is one of the early adopters, providing a live testbed for operationa...
Microsoft (NasdaqGS:MSFT) has introduced xPilot with Hanshow, a retail-focused platform that applies real-time AI to physical store operations. The solution uses Azure and Microsoft Fabric to connect in-store data with retailer business systems, supporting digital twins and AI agents for store execution. Rainbow Department Store is one of the early adopters, providing a live testbed for operational and process improvements in brick and mortar retail. For investors watching Microsoft at a...
rlesyk/iStock Editorial via Getty Images Canadian National Railway ( CNI ) said Thursday it reached an all-time monthly record in May for propane shipments moving from South Beamer, Alberta, to Watson Island , British Columbia, increasing 40% Y/Y and breaking the previous monthly record set in August 2024. CN Rail ( CNI ) said its record-setting performance was supported by train length optimizati...
rlesyk/iStock Editorial via Getty Images Canadian National Railway ( CNI ) said Thursday it reached an all-time monthly record in May for propane shipments moving from South Beamer, Alberta, to Watson Island , British Columbia, increasing 40% Y/Y and breaking the previous monthly record set in August 2024. CN Rail ( CNI ) said its record-setting performance was supported by train length optimizations, enhanced network efficiency, and strong execution across the Alberta-to-British Columbia corridor . The company said it is committed to working closely with Pembina Pipeline ( PBA ) as demand for Canadian propane exports remains strong. Earlier this week , CN Rail ( CNI ) said it achieved its highest-ever monthly grain shipments, moving 2.96M metric tons of grain from Western Canada in May, driven by sustained export demand, ample grain supply, and efficient operations across its network. More on Canadian National Railway Canadian National Railway Shareholder/Analyst Call - Slideshow Canadian National Railway: Don't Play On Railroad Tracks, Own Them Canadian National Railway: A Great Buy For A Volatile Market
Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains. Dangote Group has begun construction at the Lekki site on a new facility that will be able to process 700,000 barrels a day of crude oil, according to David Bird, chief executive...
Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains. Dangote Group has begun construction at the Lekki site on a new facility that will be able to process 700,000 barrels a day of crude oil, according to David Bird, chief executive officer of Dangote Petroleum Refinery & Petrochemicals. It will be online by the end of 2028 and bring the complex’s total capacity to a massive 1.4 million barrels a day, he said. The existing refinery has had a big impact on global fuel markets, allowing Africa’s most populous country to cut its dependence on imports of refined products like gasoline . It has also helped shield Nigeria from Iran war-related supply shocks and provided crucial jet fuel cargoes to Europe to ease a crunch there. A larger site will open up more export and trading opportunities. “Piling and site preparation is already well underway,” Bird said in an interview on the sidelines of S&P Global’s Middle East Petroleum & Gas Conference in London this week. “We will have steel coming out of the ground by the end of the year.” Dangote has already announced plans to increase the current plant’s 650,000 barrels-a-day capacity, already among the largest in the world, to 700,000 barrels a day. Together with the new facility, the total capacity would be more than three times larger than Europe’s top refinery and match that of Reliance Industries Ltd. ’s Jamnagar facility in India, the world’s biggest single-site complex. Dangote sold the idea of the current plant as a way for Nigeria, the continent’s top oil producer, to stop sending barrels to Europe only to be refined and shipped back as costly imports. The opening of the facility outside Lagos was announced in 2023, seven years late , with operations starting in early 2024. “Will it appear and will it operate successfully? Yes,” said Alan Gelder , senio...
(Bloomberg) -- Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding H...
(Bloomberg) -- Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissTru
Every company that runs away with a market eventually needs one thing it can never admit to wanting: a real rival. Competition is what keeps a leader sharp, keeps customers from feeling trapped, and keeps regulators from circling. A monopoly looks great on a spreadsheet and terrible in a headline. ...
Every company that runs away with a market eventually needs one thing it can never admit to wanting: a real rival. Competition is what keeps a leader sharp, keeps customers from feeling trapped, and keeps regulators from circling. A monopoly looks great on a spreadsheet and terrible in a headline. ...
Artificial intelligence has turned semiconductor stocks into the market’s biggest winners. Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), and other chipmakers have captured investors’ attention as demand for AI infrastructure continues to climb. But what if one of the fastest-growing chip businesses isn’t actually a semiconductor company at all? That’s the quest...
Artificial intelligence has turned semiconductor stocks into the market’s biggest winners. Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), and other chipmakers have captured investors’ attention as demand for AI infrastructure continues to climb. But what if one of the fastest-growing chip businesses isn’t actually a semiconductor company at all? That’s the question investors should ... Amazon’s $50 Billion Chip Secret: Why It Could Become Nvidia’s Biggest AI R
England are upbeat going into the toughest fixture in international football but the hosts’ threat will be amplified by the returning Bonmatí The equation sounds simple: avoid defeat on Friday and England will qualify automatically for the Women’s World Cup. The reality of the task ahead is far more complicated. Facing the world champions, Spain, like the Serra de Tramuntana mountain range that to...
England are upbeat going into the toughest fixture in international football but the hosts’ threat will be amplified by the returning Bonmatí The equation sounds simple: avoid defeat on Friday and England will qualify automatically for the Women’s World Cup. The reality of the task ahead is far more complicated. Facing the world champions, Spain, like the Serra de Tramuntana mountain range that towers into the sky behind the Estadi Mallorca Son Moix, is an imposing barrier between the Lionesses and Brazil 2027. A positive result in Mallorca would do more than guarantee England a shot at glory next summer. It would send a powerful statement that England remain a force to be reckoned with if they can tame the game’s greatest technical midfield, again. Continue reading...
A dollar put into the Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) on the last trading day of 2025 was worth about $1.51 by the close on June 1, 2026. The same dollar in the S&P 500, via SPY, was worth about $1.11. That is the entire article in two numbers, and if you have ... PSCT Has Doubled in a Year While the S&P 500 Returned 28.7% – Here’s Why
A dollar put into the Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) on the last trading day of 2025 was worth about $1.51 by the close on June 1, 2026. The same dollar in the S&P 500, via SPY, was worth about $1.11. That is the entire article in two numbers, and if you have ... PSCT Has Doubled in a Year While the S&P 500 Returned 28.7% – Here’s Why