- A + A SHANGHAI/LONDON (Oct 3): Commodities face a daunting array of challenges in the final stretch of a turbulent year after capping their first back-to-back quarterly loss since 2019. Demand disruption as central banks hike rates to fight inflation, Europe's energy crisis, extreme weather risks, and deep policy uncertainty in China are among the major features that investors will need to navigate. In the near term, traders are focused on the Organization of the Petroleum Exporting Countries and allies (Opec+) this week as the alliance weighs a major supply cut, while gas markets will be on alert as Moscow escalates tensions with Europe. Elsewhere, Hurricane Ian's impacts are under scrutiny as US President Joe Biden heads to Florida, while China is off for a week-long break as the pivotal Communist Party congress looms in mid-October. Goldman Sachs Group Inc now reckons that commodities are caught up in a negative feedback loop driven by the dollar and shifts in … [Read more...] about What to watch as commodities face crisis-wracked run to year end
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Share to Twitter Share to Linkedin As the first woman to run a big American oil company, Vicki Hollub has quickly made Occidental Petroleum leaner, smarter, gentler--and poised to gusher cash for the next half-century. South Curtis Ranch is an 11,000-acre "unit" that Occidental Petroleum operates in the Permian Basin, a 300-mile swath of West Texas and southeastern New Mexico that produces a quarter of America's oil. Here, cattle placidly masticate as hundreds of 20-foot-tall "nodding donkeys" suck up oil and gas from deposits 2 miles down. Oxy's pumps are gray with red tops--a well-gauger might describe his day as having been spent "chasing redheads." North winds whip up dust from truck tires crunching on the work roads. A storm-chasing group issues a flaming-tumbleweed warning. That's no joke to Vicki Hollub, the chief executive officer of Occidental. Just 5-foot-5, Hollub strides with authority to a lineup of nervous roughnecks, all men. She shakes … [Read more...] about The Changing Face Of Big Oil
Share to Twitter Share to Linkedin Joe Carbone, Founder & CEO of Eastward Partners . The past few years have taught us a lot. The pandemic forced us all to look at the way we operate in our day-to-day lives. Mental health has become a top priority, work-from-home policies are the new normal, a record number of workers quitting started the "great resignation," "quiet quitting" is now a career strategy, and what they all have in common is that they have had a major impact on expectations of both employees and employers. Another major change is that tough conversations that used to happen in person are now often taking place during video meetings. As an employee, confronting your supervisor about a concern or challenge you're facing can either be character-shaping or soul-destroying. But whether you're in a virtual or office setting, it is ultimately up to you on how you handle your career. Below are my tips on how you can prepare to have a … [Read more...] about Eight Tips On Having A Difficult Conversation With Your Boss
Share to Twitter Share to Linkedin Andy Techmanski (center) briefs a Whitefish crew on the ground in Puerto Rico. Courtesy Whitefish Though Puerto Rico canceled his controversial contract last weekend, Whitefish Energy CEO Andy Techmanski is still working to restore the island’s power — and his reputation. Just days after Hurricane Maria devastated Puerto Rico, Andy Techmanski, the CEO of Whitefish Energy, arrived and offered his assistance to the Puerto Rico Electric Power Authority (PREPA) to help repair the island’s devasted power grid. He first connected with PREPA after Hurricane Irma’s glancing blow a few weeks prior had knocked out power to parts of the island. Then Maria completed the devastation. Techmanski was ready to get to work. After two decades building power transmission systems across the U.S., U.K., Middle East and western Canada with the likes of Quanta Field Services, Techmanski launched Whitefish three years ago … [Read more...] about Is That $300 Million Puerto Rico Power Contract ‘Whitefishgate’ Or Just a Red Herring?
Share to Twitter Share to Linkedin Rich Kinder, 2012. (By Matt Hawthorne, for Forbes.) After 18 years at the helm of the pipeline giant that bears his name, Richard Kinder is stepping down this summer from his CEO position. To commemorate the occasion, Kinder agreed to sit down for a kind of exit interview. We discussed his legacy, the importance of learning from history, and his thoughts on where the energy industry stands today. This Q&A has been edited for length and clarity. Q: That bust of Winston Churchill is in a prominent position on your desk. What's he mean to you? I've always had that bust. In my view he's a real leader. Probably the greatest person of the 20th century in in terms of the direct contributions of one individual. If he had not been in the place he was in May 1940 I think other leadership might have struck a separate peace with Hitler and the whole world of history would be different. Without the U.K. we … [Read more...] about The Interview: Billionaire Rich Kinder On Leadership, Legacy And Energy Security
Share to Twitter Share to Linkedin Makeup is bought, these days, online. With so many brands on the market, we depend entirely on product photography to see and understand a product—whether it’s a pair of jeans, a necklace, or a tube of fire engine red lipstick. But some photographers, like Miami-based photographer Tsour Lee Adato create click-worthy, buyable images that sell makeup, perfume and jewelry with his company, Pro Photo Studio . DTC brands reach their audience entirely based on their choice of good photography and video—and often, art supplies, hair dryers and post-production tricks are used to make them look magical. In fact, Adato’s Tiktok account, @productphotography has been gaining steam for taking us behind the Wizard of Oz’s curtain, so to speak, when it comes to seeing how these images are made, behind the scenes in his Florida photo studio. “People are looking online, and they are buying with their eyes,” said Adato. … [Read more...] about Behind-The-Scenes Tricks Product Photographers Use to Sell Makeup
A dominating performance from Erling Haaland and Manchester City sees the reigning champions just one point behind league leaders Arsenal. Striker Erling Haaland led Manchester City to a thumping 6-3 victory over Manchester United in the derby on Sunday with three goals and two assists at the Etihad Stadium. While that was a 10/10 performance in a big game against arch-rivals, the focus point of his brilliant performance is the record he smashed. RECORD BREAKER Erling Haaland becomes the 1st player in @premierleague history to score a hat-trick in 3 successive PL home games Quickest players to 3 PL hat-tricks E HAALAND apps M Owen apps R Van Nistelrooy apps F Torres apps A Cole apps pic.twitter.com/3BT1vcagex — Sky Sports Statto (@SkySportsStatto) October 2, 2022 His third treble in eight matches for the reigning Premier League champions makes him the fastest to reach the feat, and by quite a margin! The previous record, held by Liverpool striker … [Read more...] about Record-breaking Erling Haaland heading towards unchartered territory
A dominating performance from Erling Haaland and Manchester City sees the reigning champions just one point behind league leaders Arsenal. Striker Erling Haaland led Manchester City to a thumping 6-3 victory over Manchester United in the derby on Sunday with three goals and two assists at the Etihad Stadium. While that was a 10/10 performance in a big game against arch-rivals, the focus point of his brilliant performance is the record he smashed. RECORD BREAKER Erling Haaland becomes the 1st player in @premierleague history to score a hat-trick in 3 successive PL home games Quickest players to 3 PL hat-tricks E HAALAND 8️⃣ apps M Owen 4️⃣8️⃣ apps R Van Nistelrooy 5️⃣9️⃣ apps F Torres 6️⃣4️⃣ apps A Cole 6️⃣5️⃣ apps pic.twitter.com/3BT1vcagex — Sky Sports Statto (@SkySportsStatto) October 2, 2022 Close His third treble in eight matches for the reigning Premier League champions makes him the fastest to reach the feat, and by quite a margin! … [Read more...] about Record-breaking Haaland heading towards unchartered territory
FORT MYERS, Fla. — People kayaking down streets that were passable just a day or two earlier. Hundreds of thousands without power. National Guard helicopters flying rescue missions to residents still stranded on Florida’s barrier islands. Days after Hurricane Ian carved a path of destruction from Florida to the Carolinas, the dangers persisted, and even worsened in some places. It was clear the road to recovery from this monster storm will be long and painful. And Ian was still not done. The storm doused Virginia with rain Sunday, and officials warned of the potential for severe flooding along its coast, with a coastal flood warning in effect Monday. Ian’s remnants moved offshore and formed a nor’easter that is expected to pile even more water into an already inundated Chesapeake Bay and threatened to cause the most significant tidal flooding event in Virginia’s Hampton Roads region in the last 10 to 15 years, said Cody Poche, a National Weather Service meteorologist. The … [Read more...] about In Hurricane Ian’s wake, dangers persist, worsen in parts
Share to Twitter Share to Linkedin America forgot - or more precisely, ignored - the 10th anniversary of the 2012 terrorist attack on the US mission in Benghazi, Libya. This past September 11, news coverage was dominated by the death of the Queen, and Donald Trump’s legal problems. In the background, there were ritualistic tributes to the victims of the 2001 attacks. But there was virtually no mention of the “other” 9/11, on its second significant anniversary, or those who sacrificed their lives: Ambassador Christopher Stevens, Glen Doherty, Sean Smith and Tyrone Woods. In some way, this isn’t at all surprising. Most Americans associate “Benghazi” not with the attack, but a years’-long, mind-numbing partisan melee, that appeared to have no meaning beyond politics. But ten years later, Benghazi’s absence from discussion should be, if not surprising, then very worrying. Because it reflects how little energy has been spent in the years since, reflecting on what … [Read more...] about America Skipped Benghazi’s 10th Anniversary. This Is Why It Matters.