Top story:
- Apple iPhone 15 first day availability -- opens to rave reviews;
- US Fed does not raise rates but spooks major indices with "promise" for one more rate hike before the end of 2023
- higher rates not only "for longer," but perhaps for "forever"
- investors across the board now skittish; narratives in question;
Top international non-energy story:
- “Peace talks” — normalization of relations between Saudi Arabia and Israel — on-going
- Putin has clearly ceded southern Asia area of influence to the Chinese;
- Russian-Ukraine war continues
- Putin's HQ Black Sea Fleet destroyed, missile attack
- Biden promises Zelenskyy ATACKMS
Top international energy story:
- coal shipments to China hitting all-time high;
- folks starting to ask: what if “renewable narrative” fails?
- $100-oil
Top national non-energy story:
- UAW expands nationwide strike; one full week complete
- not agood sign for families walking the picket lines that union leadership had to expand the strike
- Ford starting to capitulate or a head fake / agreeing to some UAW demands (?)
Top national energy story:
- WTI: closes above $90 for the week
- OKE takeover of MMP (Magellan) complete; largest merger in quite some time
- most analysts, it appears, think it was a great deal for all affected
Focus on fracking: most recent edition.
Top North Dakota non-energy story:
- ND governor still in the national presidential GOP campaign -- but Trump grows stronger in the polls
Top North Dakota energy story:
Bakken economy:
- holding in there -- but active rigs running about 32
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