Oil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. "We are still in that phase" of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a "very sizable" rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Oil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024.
"We are still in that phase" of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a "very sizable" rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Amazon Web Services (AWS), the company's cloud-computing division, said on Wednesday it would open a development centre in Kenya's capital Nairobi, creating jobs in software development, cloud support, and software engineering. Sometimes dubbed the "Silicon Savannah", Kenya is one of Africa's biggest technology hubs, hosting offices of some of the world's tech giants alongside thriving startups. "This centre will enable the local market to tap into an incredible pool of technical talent," said Uwem Ukpong, vice president of global services at AWS.
RockCreek CEO Afsaneh Beschloss says markets are moving closer to a neutral sentiment between fear and greed. Speaking on "Bloomberg Markets," Beschloss also discusses the outlook for bond yields and gives her investment advice.
Crude oil prices have reversed course, after [hitting their highs of the year](https://www.wsj.com/livecoverage/stock-market-today-dow-09-27-2023/card/u-s-crude-oil-hits-highs-of-the-year-ga3njzj1AbWh46FDiiMb) last week.
The upgrades to the Pixel phones - popular with photography enthusiasts and consumers who prefer the stock Android experience - could make them more attractive to shoppers planning their holiday season purchases. Google beefed up the Pixel line up with its latest mobile processor, Tensor G3, which brings several machine learning and generative AI models natively on the device. The AI features can help users with photography, summarizing web pages and blocking out spam calls, executives said at Made by Google event in New York on Wednesday.
U.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan application volumes to the lowest in 27 years, a report on Wednesday said. The average weekly rate on a 30-year fixed mortgage hit 7.53% in the week ended Sept. 29 from the week prior's 7.41%, according to data released by the Mortgage Bankers Association (MBA). The increased rate was accompanied by a 6% fall in home loan applications.
The company started testing these tools in May, giving access to a select group of advertisers in a "testing playground". The tools will be available in Meta's Ads Manager and their rollout will be completed next year. The rollout marks the Facebook and Instagram owner's first foray into bundling generative AI technology into its products for mining vast stores of past data to generate new content like prose, art and software code.
U.S. oil prices and energy stocks, including ExxonMobil along with Warren Buffett-backed Chevron and Occidental Petroleum, fell Wednesday as the Energy Information Administration's (EIA) reported crude oil inventories decreased by more than 2 million barrels last week, but swelling gasoline stockpiles.
Netflix plans to raise the price of its ad-free streaming tier following the conclusion of the ongoing actors strike, according to the Wall Street Journal. The move would follow similar price hikes by competitors.
