There are 22 days left in 2019! No pressure. And if you’re like many who are planning to take some time off for Christmas or Hanukkah, then you’ve got two full work weeks and some change before we drop the ball, make our resolutions, and dive headlong into 2020. Time to stay focused, and finish strong.
Why so crude? Crude oil prices jumped last week but fell slightly on Monday, trading around $59 a barrel. Prices were up on news that OPEC+ had agreed to bigger output cuts than anticipated, with Saudi Arabia committing to a cut of 400,000 barrels per day of their own supply. This boosted the market to its largest weekly gain since mid-June. Investors were slightly bearish to start the week as data showed exports in China declined for the fourth-straight month, raising concerns that oil demand could falter. The Baker Hughes oil rig count fell last week, going from 668 to 663 and indicating decreased domestic production.
Less Demanding! Natural gas futures gapped lower early Monday, which means the weather forecasts over the weekend came in on the seasonal-to-warm side. The move wasn’t much of a surprise after the midday run of the American weather model dropped a huge amount of demand from its long-range forecast, and the late European model held firm in its milder stance. – FX Empire
Eel Power! The Christmas tree at the Tennessee aquarium is being powered by an unusual energy source – an electric eel. Miguel Wattson is the resident eel and through a special system that connects his tank to a nearby tree, the natural shocks he produces when he is looking for food or when he is excited are being channelled to power holiday lights. – The Guardian
National Football League and Amazon Web Services Team Up to Transform Player Health and Safety Using Cloud Computing and Artificial Intelligence. The partnership aims to leverage AWS’s artificial intelligence (AI) and machine learning (ML) services to provide a deeper and more profound understanding of the game than ever before, making transformational change possible in football, other sports, and potentially other industries. – Amazon
Marathon Energy was a proud sponsor at The Upstate Foundation’s Annual Gala on November 22nd. The Upstate Foundation focuses on providing quality patient care, medical education, and biomedical research in and around Syracuse, New York. Members of our team attended the annual black-tie event, seeing first hand how impactful the organization is, year after year.
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.