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Elevated U.S. natural gas working inventories puts downward pressure on prices

Henry Hub natural gas spot prices averaged $2.02 per million British thermal units in January according to the U.S. Energy Information Administration. Typically, January natural gas prices are among the highest of the year; however, warmer-than-normal January temperatures across much of the northern hemisphere contributed to the lowest average January spot price in many years. After beginning 2018 and 2019 with low U.S. working natural gas inventories, EIA forecasted that normal winter temperatures in the first quarter of 2020, along with production growth, would bring total inventories back over the five-year average this winter. So far this winter, temperatures have actually been warmer than normal, and EIA estimates that in January there were 18% fewer heating degree days in the United States than the prior ten-year average. As a result of reduced space heating demand, U.S. natural gas working inventories ended January 9% above the five-year average, higher than previously forecasted. In its February Short-Term Energy Outlook, EIA forecasts that at the close of the April-October injection season, working inventories will reach almost 4.1 trillion cubic feet on October 31, which would be the highest end-of-October inventory record on level. Expecting inventories to remain elevated as winter heating season winds down, EIA forecasts that Henry Hub natural gas prices will average $2.21 per million British thermal units in 2020, down from $2.57 per million British thermal units in 2019. In 2021, EIA expects natural gas prices to increase, reaching an average annual price of $2.53 per million British thermal units.




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More OPEC supply and less global liquid fuels demand puts downward pressure on prices

In its March 2020 update, the U.S. Energy Information Administration (EIA) significantly revised its Short-Term Energy Outlook for global oil supply, demand, and prices compared with the February Short-Term Energy Outlook. These updates largely resulted from updated data and assumptions about the effects of the 2019 novel coronavirus disease (COVID-19) on global oil demand and assumptions regarding the Organization of the Petroleum Exporting Countries (OPEC) crude oil production following its meeting on March 6. EIA now forecasts that OPEC will target market share instead of a balanced global oil market. As a result, EIA expects that OPEC crude oil production will increase to an average 29.1 million barrels per day in the second and third quarters of 2020. EIA forecasts that global demand for liquid fuels will grow by 0.4 million barrels per day from 2019 to 2020, down from the 1.0 million barrels per day increase EIA previously forecasted in February. The revised March estimate is driven by EIA's expectations of slowing economic growth, primarily related to the effects of the coronavirus outbreak. EIA expects the decline in global liquid fuels demand, combined with the increase in OPEC production, to result in significant global oil inventory builds in the first half of 2020-putting continued downward pressure on prices. EIA forecasts Brent oil prices will average 43 dollars per barrel in 2020 and 55 dollars per barrel in 2021.




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Call for renewed government focus on achieving fiscal balance and sustainably cutting the costs of doing business - 17 Feb

Governments must apply renewed focus to achieve fiscal balance and sustainably reduce the cost of delivery.




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Australia making progress on carbon, but more work to do - 12 Oct

Australia will need to nearly double its historic rate of decarbonisation, if it is to meet its goal of a 26 percent decrease in carbon emissions.




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Australia and its Allies Do More With Less - 15 Oct

As global challenges increase, Australia’s defence budget is growing, while the US and most other allies have been decreasing their defence resources.




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Major banks results: cash earnings down but fundamentally still strong - 5 May

Australias four major banks delivered combined cash earnings of $14.9 billion for the first half to March 2016.




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World's top 40 miners down but not out - 7 June

The world's top 40 mining companies were in a race to the bottom in 2015, with falling market capitalisations and net losses leaving them slower, lower and weaker, according to PwC's Mine 2016 report released today.




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Microsoft makes it easier to get started with Windows Virtual Desktops

Microsoft today announced a slew of updates to various parts of its Microsoft 365 ecosystem. A lot of these aren’t all that exciting (though that obviously depends on your level of enthusiasm for products like Microsoft Endpoint Manager), but the overall thrust behind this update is to make life easier for the IT admins that […]




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Don’t expect to see Windows 10X dual-screen devices this year

With Windows 10X, Microsoft introduced a new version of its flagship operating system last October that was specifically designed for dual-screen devices. The original plan was to launch the first set of Windows 10X dual-screen devices before the 2020 holidays, and in February of this year, it announced a slew of tools to help developers […]




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Google’s Duo video chat app gets a family mode with doodles and masks

Google today launched an update to its Duo video chat app (which you definitely shouldn’t confuse with Hangouts or Google Meet, Google’s other video, audio and text chat apps). There are plenty of jokes to be made about Google’s plethora of chat options, but Duo is trying to be a bit different from Hangouts and […]




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Low crude oil prices, record-high inventories, and low demand drive gasoline prices down (5/6/2020)

On April 27, 2020, the U.S. average regular retail gasoline price was $1.77 per gallon (gal), the lowest price since February 2016. On May 4, the U.S. average gasoline price increased slightly to $1.79/gal. The United States declared a national emergency on March 13 in response to concerns regarding spread of the 2019 novel coronavirus disease (COVID-19). From March 16 to May 4, the U.S. average regular retail gasoline price fell by $0.46/gal. The lower gasoline prices reflect low crude oil prices, low gasoline demand, and rising gasoline inventories. ...




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Facebook to add gift cards, jobs and donation tools to its COVID-19 Community Help hub

Facebook is expanding its Community Help hub to better serve local communities amid the COVID-19 pandemic. The hub has already seen significant usage by those requesting food, supplies and information about local resources, as well as use by volunteers and groups willing to lend a hand. Now, Facebook is adding more features to the hub […]








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Don’t wait to plan your exit, even if it’s years away

Startup founders have a million things to worry about every day. Finding product-market fit, great talent and and a sustainable plan for constant growth are top of mind, but perhaps most importantly, they need to keep the lights on, whether it’s by raising venture capital or managing cash flows while bootstrapping. The flip side to […]




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As private investment cools, enterprise startups may try tapping corporate dollars

Founders hunting down capital in the middle of this pandemic may feel like they’re on a fool’s errand, but some investors are still offering financing, even if the terms might not be as good as they once were. One avenue that appears to remain open: corporate venture capital. The corporate route offers its own set […]




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Should You Microdose to Treat Depression?

Speaking with a psychopharmacology expert to find out whether psychedelics are ready for their mainstream moment.




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Index and Credo lead a $2.75M seed in anti-fraud tech, Resistant AI

Prague based Resistant AI has nabbed a $2.75M seed round. The security startup’s machine learning technology is designed to be deployed on top of AI systems used for financial decision making to protect customers in markets such as financial services and ecommerce from attacks such as targeted manipulation, adversarial machine learning and advanced fraud. The […]




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5 Recession-Resistant Franchise Sectors You Should Consider During an Economic Downturn

Invest in an industry that can withstand an economic downturn.




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McDonald's Is Set to Lose $3.4 Billion in Value After the CEO Was Fired Over a Relationship With a Subordinate

McDonald's on Friday fired its CEO, Steve Easterbrook, for violating its policy of having a relationship with an employee.



  • News and Trends

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Launch Your Home Business With a .store Domain

There's an easier way to make your web business stand out.




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The First Question to Ask Yourself If You Want to Be an Entrepreneur but Don't Know Where to Start

And how the answer will help you determine the idea for your new business.



  • Starting a Business

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Meet Omaze, the Celebrity-Endorsed Juggernaut That Has Raised Over $100 Million for Charity

Co-founder Matt Pohlson is just getting started.



  • Starting a Business

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4 Things You Can Do Right Now to Generate Leads and Sales Online

Some timely advice for restaurants and retailers struggling to stay open during the pandemic.




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Yelp Adds GoFundMe Donation Button for Struggling Local Businesses

Look for the "Donate" option on the web and in the app to help support restaurant, nightlife, beauty and fitness operators.




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Imelda Staunton likens her time filming Downton Abbey: The Movie to 'a box of chocolates'

Imelda Staunton has gushed about her time filming Downton Abbey: The Movie.




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Downton Abbey star Laura Carmichael nearly QUIT acting before landing the part of Lady Edith Crawley

The actress, 33, told Town And Country that the part in the period drama has 'changed all her life' as she also met boyfriend Michael C. Fox on the show.




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The real princess of Downton Abbey: Princess Mary will be character in new period drama movie

The princess, daughter of George V and Queen Mary,  will be played by Kate Phillips in the feature-length adaptation of Downton Abbey which will use her home in West Yorkshire in its set.




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Downton Abbey bosses tease fans by releasing behind-the-scenes footage

The film's producers have allowed eager fans a glimpse of the stunning scenes behind the highly- anticipated period drama Downton Abbey: The Movie.




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Hugh Bonneville teases the possibility of a second Downton Abbey movie

The actor, 55, teased the possibility of a second Downton Abbey movie being made in the future, as he discussed the feature film with The Mirror on Wednesday.




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Lord Carnarvon who owns the castle featured in Downton Abbey claims the Queen is a fan of the show

George Herbert, the eighth Earl of Carnarvon and owner the grand castle which features in Downton Abbey, has revealed that the Queen is a fan of the hit show.




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Downton Abbey movie FIRST LOOK: Countess Crawley clashes with old foe Imelda Staunton

Dame Maggie Smith's Dowager Countess Crawley and  Downton Abbey newcomer Imelda Staunton are set to  face off in a battle of wills in a new dramatic new teaser clip from the upcoming film




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Come dine at Downton: Chocolate and vanilla striped blancmange

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe




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Come dine at Downton: Clover club 

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe books




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Come dine at Downton: Sardine salad

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe books




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Come dine at Downton: Filets mignons lili

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe books




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Come dine at Downton: Chicken a la creme paprika

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe




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Come dine at Downton: Kedgeree

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe books




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Come dine at Downton: Gin Rickey  

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe




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Come dine at Downton: Lobster cutlets

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe books




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The Downton Abbey cast reveal the new film's most startling secrets

The star with two left feet. Why producers had to call in the Army. And the twist that had the actors reeling. Imelda Staunton, Allen Leech and the Downton Abbey cast reveal the film's most startling secrets




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Holly Willoughby and Phillip Schofield get the giggles as they announce Downton Abbey special

This morning will air a special episode from Highclere Castle - the location used as Downton Abbey in the TV series and forthcoming movie.




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Laura Carmichael looks chic as she attends Downton Abbey's photocall in Hamburg with Hugh Bonneville

Laura Carmichael and Hugh Bonneville and Laura Carmichael looked in fantastic spirits as they attended the photocall for the movie in Hamburg, Germany on Wednesday.




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Downton Abbey movie EXCL: Thomas Barrow fumes as he is DEMOTED for returning Carson

In an exclusive first look at the film Thomas struggles to hide his fury as he asked to step aside, and snaps that he 'won't be a sort of anything.'




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Downton Abbey's Elizabeth McGovern and creator Julian Fellowes talk about the movie

The actress, 58, and writer, 70, appeared on Friday's Good Morning Britain where they also teased a potential sequel for the film.




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Downton Abbey's Michelle Dockery Hugh Bonneville head to Radio 2 studios

They play father and daughter duo, Robert Crawley, Earl of Grantham and Lady Mary Crawley in Downton Abbey. 




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Downton movie producers sign lucrative multi-million pound deals ahead of film's release 

The Downton Abbey movie is more than just a film- it's the heart of multi-million-pound merchandising industry, as companies seek a little aristocratic gloss to help sell their products.