NDIC Website Remains Off Line For Third Day -- May 11, 2022

Putin's War:

• flagship sunk, early in war
• Putin's yacht confiscated in Italy
• now this: Ukraine destroys Putin's "parade boat"

Scroll down for more.

NDIC oil and gas website: remains off-line. Third day.

Oil:

• ESG: COP shareholders reject proposal for stricter emissions targets. Link here.
• WTI below $100; gasoline and diesel at record highs; refiners not complaining;
• US crude oil production: EIA forecast for record 12.8 million bopd,
• would surpass previous record of 12.3 million bopd (2019, the year before the pandemic)
• Reuters says an increase of 720,000 bopd. 

European diesel: I don't follow this, but all products measured in "mb" -- so when I see a minus 11.47 mb for diesel compared to a plus 3.65 mb for crude oil, this gets my attention:

Spare capacity: blog theme; more evidence:

• Saudi, UAE: "use all energies amid capacity crunch"; link here.

Market:

• RIVN: reports later today. Update, May 10, 2022, 9:35 a.m. ET.
• DIS: reports later today
• XOM: investments paying off; 
• , Barron's paywall
• could generate $50 billion free cash flow this year after CAPEX
• ample to cover $15 billion annual dividend and $15 billion share re-purchases
  

Dividend announcements:

• OVV: 25% increase; now 25 cents/share;
• CAH: was 49.1 cents; now 49.6 cents

Netflix: in this incredibly competitive market, I just don't see this working --

• ad-supported Netflix, "a more-affordable" subscription model
• link here for more.

911:

• first question "everyone" is asking, "Why wasn't this done ten years ago?"
• nice to see but the article did not give me a warm fuzzy
• ATT says wireless 911 calls can identify location within 50 meters (0.248548 furlongs)
• previously no better than 10 miles; say what?
• link here for more.
  

Putin pays respect to American heroes on "Victory Day." Can't make this up. Many examples at linked site. Here's one: