Four people were injured today when a large fire broke out at Exxon’s Baytown, Texas, refinery. The cause of the fire has not been disclosed.
Oil prices rose more than 1.5% Wednesday on news of a larger-than-expected crude draw last week. Crude futures were marginally higher in late morning trading, with WTI up 0.3% at $72.99/bbl and Brent up 0.4% at $75.56/bbl. U.S. natural gas was 8.4% lower at $3.64/MMBtu.
Spanish industrial production prices rose at a record 33.1% annual pace in November to a new all-time high, largely the result of skyrocketing energy prices.
Global oil and gas discoveries are on pace for their lowest level in 75 years in 2021, with discovered volumes hitting just 4.7 million barrels at the end of November compared to 12.5 billion last year.
The U.S. government approved Pemex’s purchase of Shell’s oil refinery in Deer Park, Texas, in a deal to be concluded early next year.
Singapore and Thailand have suspended their programs for quarantine-free travel to many countries with a COVID-19 health pass.
Australia reported 8,200 new COVID-19 infections Thursday, a record.
COVID-19 cases in Japan have plummeted nearly 100% since September, baffling researchers as case counts pick up across the globe.
Global COVID-19 fatalities this year surpassed combined deaths from tuberculosis, HIV and malaria by a large margin:
COVID-19 Omicron cases in South Africa’s Guateng hotspot appear to have peaked, while those who contracted the variant were 80% less likely to be hospitalized compared to other strains, new data suggests.
A new British study suggests people with the COVID-19 Omicron variant were 15% less likely to be hospitalized compared to Delta.
M. Holland will be closed tomorrow in observance of Christmas. We wish all a wonderful holiday!
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