The Biden administration will be freezing liquified natural gas exports (NG=F) and suspending licenses to export LNG from the US. Lipow Oil Associates President Andy Lipow details natural gas producers' options to abide by President Biden's carbon emission standards. Lipow also weighs in on oil (CL=F, BZ=F) following escalations in the Red Sea as Yemen Houthi rebels claim responsibility for a missile attack on an oil tanker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
The Biden administration will be freezing liquified natural gas exports (NG=F) and suspending licenses to export LNG from the US.
Lipow Oil Associates President Andy Lipow details natural gas producers' options to abide by President Biden's carbon emission standards.
Lipow also weighs in on oil (CL=F, BZ=F) following escalations in the Red Sea as Yemen Houthi rebels claim responsibility for a missile attack on an oil tanker.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Barrons.com
Subdued crude oil prices are a big reason behind cheaper gas. Frigid temperatures knocked out demand for gas across the country, according to figures from OPIS, the Oil Price Information Service. In fact, demand appears to have fallen to its lowest point in a year, according to Tom Kloza, global head of energy analysis at OPIS.
Bloomberg
(Bloomberg) -- Senator Joe Manchin blasted the Biden administration’s move to halt the approval of new licenses to export US liquefied natural gas and vowed to use his power as the chairman of the Senate Energy and Natural Resources Committee to investigate. Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionFed’s Preferred Inflation Gauge Cools on Robust SpendingUN Court Tells Israel to Protect Gaza
Reuters
Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The reductions will impact positions across all of its business and enterprise operations, the spokesperson said in a statement to Reuters, adding that the cost-cutting actions will include hiring freezes and voluntary separations. "We're driving cost reduction in our direct cost base through supply chain optimization, factory productivity and also on 1LMX-driven efficiencies," Lockheed Martin CFO Jay Malave said in the company's post-earnings conference call on Tuesday.
Bloomberg
(Bloomberg) -- The White House freeze on new natural gas-export licenses starkly divides terminal developers into two camps: those who can move forward with multi-billion-dollar investments and those stuck in limbo.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageTrump Hit With $83.3 Million Payout for Defaming CarrollOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionFed’s Preferred Inflation Gauge Cools on Robust SpendingUN Court Tells Israel to
Associated Press Finance
Pornographic deepfake images of Taylor Swift are circulating online, making the singer the most famous victim of a scourge that tech platforms and anti-abuse groups have struggled to fix. Sexually explicit and abusive fake images of Swift began circulating widely this week on the social media platform X. The deepfake-detecting group Reality Defender said it tracked a deluge of nonconsensual pornographic material depicting Swift, particularly on X. Some images also made their way to Meta-owned Facebook and other social media platforms.
The Wall Street Journal
Daniel Pinto, who is Dimon’s right hand as president and chief operating officer, is giving up day-to-day control of the corporate and investment bank. Dimon said he and Pinto would continue to “jointly manage our company.” The surprise twist is who is taking over for Pinto: a duo of Jennifer Piepszak, who will move from the consumer-banking side of the house, and Troy Rohrbaugh, who has been running the markets division.
Reuters
Elon Musk’s SpaceX is facing a negligence lawsuit brought by the wife of a worker whose skull was fractured during a 2022 rocket engine malfunction. The Jan. 18, 2022, engine malfunction involving Francisco Cabada was among the worker injuries detailed in a Reuters investigation of SpaceX late last year. Reuters documented at least 600 previously unreported workplace injuries at Musk’s rocket company: crushed limbs, amputations, electrocutions, head and eye injuries and one death.
Bloomberg
(Bloomberg) -- Tesla Inc. investors haven’t had a stretch this bad in a long time time. Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsUN Court Tells Israel to Protect Gazans, Avoids Cease-FireFed’s Preferred Core Price Gauge Cools Amid Robust SpendingShares of Elon Musk’s electric-vehicle giant have dropped 26% this month, wiping o
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