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Commodities
Matthew V. Veazey

Baker Hughes Count Shows 400+ USA Rigs

Baker Hughes Co. (NYSE: BKR) on Friday reported the total number of rotary drilling rigs operating in the United States hit 402 this week – a five-unit week-on-week increase. The most recent U.S. rig count reflects a four-unit increase in oil rigs (to 309), a

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Commodities
World Oil

World’s largest oil importer running out of storage capacity

By Aaron Clark and Sharon Cho on 2/26/2021 PetroChina storage tanks (Bloomberg) –China’s oil stockpiles have risen to around 100 days worth of net imports, making it increasingly challenging to find extra storage tanks and facilities to hold supplies, two people with knowledge of supply

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Technology
Yahoo Finance

Berkshire Hathaway Reports Q4 2020 Earnings

Berkshire Hathaway reported Q4 2020 results on Feb. 27, 2021. Earnings per share (EPS) were $23,015. EPS were up by 28.5% year-over-year (YOY). EPS beat the consensus estimate of $16,177.03 by 42.3%. Net investment gains were $30.8 billion, up by 24.6% YOY. Net investment gains

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Saturday’s News Links

[Reuters] Biden scores legislative win as House passes $1.9 trillion COVID-19 relief plan [Reuters] Investors jumping the gun as TIPS, futures flag early Fed tightening [Reuters] Wall Street Week Ahead: Investors weigh new stock leadership as broader market wobbles [Yahoo/Bloomberg] Texas’s Power Market Is $1.3 Billion Short After Energy

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Commodities
Yahoo Finance

Biden's stimulus checks bill could cut your taxes by $3,100

Biden’s stimulus checks bill could cut your taxes by $3,100 Congress has President Joe Biden’s pandemic rescue package moving on a fast track to give Americans another big dose of relief. The legislation just cleared the U.S. House and now goes to the Senate. Along

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