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Saudis Reduce Oil Pricing in Sign Demand Recovery Is Struggling

(Bloomberg) — Saudi Arabia cut pricing for oil sales to Asia and the U.S. for October shipments, a sign that the world’s biggest exporter may see fuel demand wavering amid flare-ups in the coronavirus.State oil producer Saudi Aramco is cutting its benchmark Arab Light crude more than expected and lowering the grade to a discount for the first time since June for buyers in Asia. It’s the second-consecutive month of cuts for barrels to Asia. Aramco will also trim pricing for lighter barrels to northwest Europe and the Mediterranean region.Aramco is reducing pricing to Asia for October shipments of the …read more […]

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11 Largest Beer Companies in The World in 2020

With everything 2020 has thrown at us so far, starting with the death of Kobe Bryant, teasing World War III, the biggest pandemic in over a century which, as at the time of writing this article, had infected over 26 million people and killed over 850,000 people, and now the death of a cultural icon […] …read more […]

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Citgo, Phillips 66 May See Weeks of Downtime From Laura’s Damage

(Bloomberg) — Oil refineries owned by Citgo Petroleum Corp. and Phillips 66 in Louisiana may be facing many more weeks of downtime as they wrestle with the loss of power and damage related to Hurricane Laura’s assault on the area last week.Citgo has assessed the damage to its Lake Charles refinery, which has a capacity of 418,000 barrels a day, as moderate to severe, according to the Louisiana Department of Environmental Quality. Phillips 66 told the department the damage to its 260,000 barrels-per-day refinery is mild to moderate.Extended downtime for the two refineries, which represent about 4% of U.S. crude …read more […]

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Bill Gates Snubs Tesla In Post About Electric Vehicles

Bill Gates is using his recent popularity to advocate for electric vehicles, climate change and other things beyond just coronavirus treatments and vaccines. In his latest blog post, he rather snubbed Tesla by naming four of its competitors but avoiding Tesla (TSLA). Bill Gates on electric vehicles… He reminded readers of one of his other recent blog […] …read more […]

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Here’s How Airlines Can Attract Passengers Again

(Bloomberg Opinion) — A refrain I’ve heard a lot these past six months is how great it’s been not to have to travel. People who were frequent fliers before the pandemic usually add that they now realize that, thanks to Zoom and its rivals, a lot of travel isn’t truly necessary anymore. Maybe some of it never was.Yes, lawyers need to conduct trials in person — but it’s a waste of time and money to fly across the country for, say, a one-hour scheduling conference. Sales representatives might need to fly to a client’s location to close a deal, but …read more […]

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Bumble IPO: Stock Rumored to Come in 2021

Is a Bumble IPO coming to the market? Rumors say it is. According to sources, the company is talking to banks about going public. And it’s hoping to raise its value beforehand.
But is Bumble stock a good investment opportunity? Here’s what we know…
Bumble IPO: The Business

Tinder co-founder Whitney Wolfe Herd founded Bumble in 2014. Bumble is a location-based dating app. Users are able to swipe on potential matches and match if both people swipe right. However, the woman must message first. The idea is to challenge social norms of heterosexual relationships and empower women. For same sex relationships, either party …read more […]