Tryptophan anyone? If you have been in a turkey hangover throughout the weekend, now is the time to wake up. The calendar has officially turned to December (gasp!) and here in the northeast, we are wrestling with Mother Nature. From snow that is measuring in multiple feet to sheets of ice, it’s a smorgasbord of winter weather out there.
Why so crude? Crude oil prices fell last week but recouped some of their losses on Monday, trading around $56 a barrel. Reports that Saudi Arabia will push for greater output cuts when it meets with OPEC and non-OPEC allies later in the week helped to boost prices. Sources said that the oil producing nation will look to remove another 400,000 barrels a day (bpd) of output in addition to the 1.2 million bpd that the OPEC+ group is already withholding. Prices dropped last week due in part to Russia’s reluctance to commit to additional production cuts, as well as President Trump signing two bills to support Hong Kong protests against Beijing, which increased trade tensions between the U.S. and China. The Baker Hughes oil rig count fell last week, going from 671 to 668 and indicating decreased domestic production.
January Thaw! Spot prices for natural gas fell sharply on Friday as forecasts for warmer weather spooked traders who were hoping for increased demand heading into what is normally a cold season in the United States. – OilPrice
White House Christmas! Benjamin Harrison was the first to have a Christmas tree in the White House in 1889, but it wasn’t until 1895—four years after the White House was wired with electricity—that Grover Cleveland requested the first family’s tree be adorned with hundreds of multi-colored bulbs. – White House History
Cyber Monday! If you’re in the market for some new tech gadgets then you have probably been waiting until today to get the best deal. Wired put together this list of the best Cyber Monday deals happening. Happy shopping! – Wired
Sleeping Out! During the month of November, Marathon Energy raised money for a New Jersey chapter of The Covenant House, a non-profit organization that offers housing and other services to young people in need. This year we supported Sleeping Out America, a national event created to bring awareness to the issue of homeless children across the US. The local NJ chapter raised over $3,500 with the majority of its contributions coming from our generous employees at Marathon Energy. A very BIG thank you to everyone at Marathon who contributed to such an amazing cause.
And remember, if you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.