Wednesday, January 8, 2025

Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

From The Hill The U.S. economy added 155,000 jobs in November, below estimates and cooler than October, but the labor market continues to maintain momentum. The unemployment rate held at 3.7 percent for the third straight month, the lowest level since December 1969, the Labor Department reported on Friday. Expectations has been for around 190,000 jobs to be added. Employment

Weekly Gas Storage: Draw Meets Expectations

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks fell by 63 Bcf last week, decreasing to 2.991 Bcf from 3,054 Bcf. This is 19.1% below the 3,695 Bcf that was in storage at this point last year and

Truck Orders Dipped in November, Build Backlog Remains at Record

From Commercial Carrier Journal CCJ‘s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more. Preliminary Class 8 truck orders in North America totaled 27,500 in November, according to FTR, with the market winding down after five consecutive months topping 40,000 orders. Novembers order total was the lowest of the year and the lowest since September 2017, but

Tellurian’s Driftwood LNG, Vitol Sign MOU for 15-year LNG Supply Deal

Yesterday, natural gas-based Tellurian Inc.’s (stock ticker: TELL) subsidiary company Tellurian Trading UK Ltd. entered into an MOU to supply 1.5 mtpa of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal. The transaction price is based on the Platts Japan Korea Marker (JKM) and is for a minimum term of 15 years. Under the MOU, Tellurian and

Senate Confirms McNamee for FERC Commissioner

From The Hill The Senate confirmed President Trump’s pick for a key energy agency Thursday over Democrats’ objections that he is too biased for the job. The 50 to 49 vote along party lines means Bernard McNamee, a Republican and former high-ranking political official at the Energy Department under Trump, can take his spot in the five-person Federal Energy Regulatory Commission

Oklahoma tax revenues hit 12-month high

From The Oklahoman Bolstered by an improving economy and increased oilfield activity, the Oklahoma state treasury has taken in a record $12.8 billion in gross tax receipts over the last 12 months, State Treasurer Ken Miller announced Wednesday. Those collections are $1.5 billion, or 13.1 percent, more than collections from the previous 12 months, he reported. The previous record for