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Saudi Arabia Reroutes Oil Exports as Houthi Strikes Target Yanbu

Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia's Gulf export terminals over the weekend, the highest tanker count observed since at least June, according to data compiled from the European Union's Sentinel-2 satellite. Overall Hormuz traffic kept falling over the same weekend, nonetheless. Just a dozen commodity vessels crossed the strait, down from 35 a week earlier, and Thursday's crossings totaled four tankers against a 10-day moving average of 16, Kpler data cited by Reuters showed.…

OilPrice.comOilPrice.com•Charles Kennedy21 Sept

Bloomberg Analyst Warns Crypto Faces a Lose-Lose Scenario

Mike McGlone stressed that, since 2017, crypto has been performing poorly with increasingly high volatility levels, and that the reason behind this behaviour could be linked to a hawkish turn by the Federal Reserve and an overstretched SPX index valuation. McGlone Warns About Crypto’s Demise As The Fed Turns Hawkish Mike McGlone, Senior Commodity Strategist […]

Bitcoin.com NewsBitcoin.com News•Sergio Goschenko21 Sept
  • neutral toward Bloomberg · 98%

Apple Fitness+ Layoffs Reported Ahead of Potential 'Major' Changes

Apple laid off a "handful" of Apple Fitness+ employees last week, according to Bloomberg 's Mark Gurman . "This is widely seen within the Fitness+ organization as the beginning of more drastic cost-cutting measures and other major changes to the service in the months and years ahead," he said. Tags: Apple Fitness Plus , Mark Gurman This article, " Apple Fitness+ Layoffs Reported Ahead of Potential 'Major' Changes " first appeared on MacRumors.com Discuss this article in our forums

MacRumorsMacRumors•Joe Rossignol21 Sept
  • neutral toward Apple · 98%

A Shorter Apple Pencil Was Supposed to Launch Alongside iPhone Duo

A shorter Apple Pencil for the iPhone Duo was in development, but Apple scrapped it due to "technical problems ahead of mass production," according to Bloomberg 's Mark Gurman . Instead, Apple said the iPhone Duo will gain support for the existing USB-C version of the Apple Pencil later this year. Related Roundup: iPhone Duo Tags: Apple Pencil , Mark Gurman Buyer's Guide: iPhone Duo (Coming Soon) Related Forums: iPhone , iPad Accessories This article, " A Shorter Apple Pencil Was Supposed to Launch Alongside iPhone Duo " first appeared on MacRumors.com Discuss this article in our forums

MacRumorsMacRumors•Joe Rossignol21 Sept

M6 Pro Chip Result on Geekbench is Likely Fake

A supposed Geekbench result for an unreleased M6 Pro chip surfaced this week, but it is likely fake. Geekbench creator John Poole informed MacRumors that he uncovered "internal inconsistencies" that lead him to believe that the M6 Pro result might not be legitimate. Bloomberg 's Mark Gurman previously reported that Apple plans to skip M6 Pro and M6 Max chips entirely. This article, " M6 Pro Chip Result on Geekbench is Likely Fake " first appeared on MacRumors.com Discuss this article in our forums

MacRumorsMacRumors•Joe Rossignol19 Sept

Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge

Saudi Aramco has told European term customers they will receive no Saudi crude in October, even as the kingdom pushes roughly 60 million barrels back through the Persian Gulf after damage to its East-West pipeline. At least two European refiners were told their October allocations are zero, Bloomberg reported Friday. People familiar with the decision said it applies to all European term buyers. While Saudi Aramco seems to have found a way to move some of the crude that was stranded by the East-West pipeline, Europe is on the wrong side of the workaround.…

OilPrice.comOilPrice.com•Julianne Geiger18 Sept

LNG Tankers Push Through Hormuz Again as Qatar, UAE Fight Supply Crunch

At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship transfers outside the Strait offshore Oman, tanker-tracking and satellite data compiled by Bloomberg showed on Friday. The uptick in LNG cargoes managing to exit the Strait of Hormuz signals that the LNG exporters in the Persian Gulf, mostly Qatar and the United Arab Emirates (UAE), are intensifying efforts to have LNG supply push through the chokepoint after months of near-total halt of shipments. While…

OilPrice.comOilPrice.com•Charles Kennedy18 Sept

China Pushes Coal Miners to Lift Supply as Prices Climb

China’s government has called on local coal miners to maintain a stable production rate after a jump in spot prices for thermal coal earlier this month. Thermal coal prices on the spot market recently climbed to the highest in three years, Bloomberg said in a report today, putting pressure on the government in Beijing to act. China has been reducing the share of coal in its energy mix, but the fuel remains vital, with a share of 49.7% in power generation over the first half of the year. This is the first time coal has dipped below 50% of…

OilPrice.comOilPrice.com•Charles Kennedy18 Sept