Sara Wise/Axios has the data and chart. There is a lot of interest in whether the U.S. can grow oil production even faster as western countries try to ostracize Putin. The U.S. Energy Information Administration just increased its production forecast for the year to 13 million barrels per day. Stay on top of the economic and market trends. You can subscribe for free. The latest outlook has a much smaller upward revision for 2022. At the S&P Global conference, oil executives said that investor demands for returns are limiting growth velocity even at attractive prices. Ryan Lance, the CEO of ConocoPhillips, said that the industry will respond to this. You will see the growth, but people are going to have a focus on returns. Lance warned that whatever we start doing today doesn't get produced for 12 to 18 months from today. With supply chain challenges, it makes any kind of attempt to grow now very, very difficult. Oil prices go up as the U.S. ban Russian energy imports. Do you like this article? You can get more from Axios for free. More than one million BMW cars and SUVs in the US are being recalled to fix a problem that can cause engine compartment fires. The 3 Series, 5 Series, 1 Series, X5 X3 and Z4 vehicles are included in the recall. There could be an electrical short in the positive crankcase ventilation valve heater, according to documents posted Wednesday by the U.S. National Highway Traffic Safety Administration. Rivian expects to deliver only 25,000 vehicles this year, which is less than the 40,000 Wall Street expects. The golf courses are worth a visit. A temporary bridge linking Shenzhen to Hong Kong opened over the weekend, and Hong Kong is rushing to build facilities for COVID-19 patients. Authorities in Hong Kong have deployed medical and construction workers from the mainland to help contain the outbreak of the virus. There is a huge building site next to fish ponds and wetlands in the rural Hong Kong district of Lok Ma Chau, which is close to the border with China. The Turkish President told the U.S. President that it was time to lift the sanctions on Turkey's defence industry. Turkey wants to purchase 40 new F-16 fighter jets and modernise its existing fleet, according to a statement from the office of the president. The United States removed Turkey from the F-35 programme after it acquired Russian missile defence systems. The man tried to cross the border in California with 52 lizards and snakes hidden in his clothing. The man was pulled out of his truck at the San Ysidro border crossing for additional inspection after arriving from Mexico. There were snakes and horned lizards. They found out who he is after diner wouldn't serve him. Baseball Commissioner Rob Manfred canceled 93 more games on Wednesday, seemingly cutting off the chance to play a full 162-game schedule and threatening locked out players with loss of salary and service time. As the sides narrowed their economic differences, they became bogged down over the management's attempt to gain an international amateur draft. At 6:30 p.m. on the 98th day of the Lockout, Manfred announced two more series had been canceled. NASA is keeping an eye on the asteroid that is set to pass by Earth on Friday. The asteroid is expected to fly past Earth around 4.1 million miles away. The post A 1,600-foot-wide asteroid is about to buzz past Earth appeared first on BGR. I need to see five things happen in order for me to feel more confident about a sustained, new uptrend and increase my exposure to equities. You can plan and plan at these mansions. Red heads need more anesthesia and less opioids. Redheads have a different pain tolerance than people with red hair. You can see indoor and outdoor temperatures. It is an alarm clock as well. The SEC and prosecutors say that John and Tina Barksdale were a fraud. Things you didn't know about the show. If Russia retaliates against Western sanctions using oil as a weapon, the oil market could become even more volatile. Australia has been increasing its defence spending over the past few years as China looks to increase its presence in the region. The number of defence personnel in Australia will rise to 80,000, the highest level since the Vietnam War, as a result of the purchase of nuclear submarines from the United States and Britain. The United States, Britain and NATO are important partners for Australia, according to Defence Minister Peter Dutton. Poland had a deal for a fighter plane. Being a single parent is difficult, but these fathers are showing how they do it by going above and beyond for their children. The outlook for the stock market, investing strategies for the current business cycle, and the impact of inflation on the U.S. economy are some of the topics discussed by Emily Roland on Yahoo Finance Live. The Texas court tossed out the state's appeal of an order preventing child welfare officials from investigating the parents of a trans teenager. The Texas 3rd Court of Appeals dismissed Attorney General Ken Paxton's appeal of a judge's temporary order that halted the investigation into the parents of a 16-year-old girl. The first report of parents being investigated after Abbott's directive was the lawsuit. MarkNewton, head of technical strategy at Fundstrat, said that the move was accompanied by a nearly 5-to-1 breadth and that it was normal for huge rallies within big downtrends. The recent negative retail sentiment has helped drive a near-term bottom. In the short-term, he says stocks may fall further. The awards were not that deserved. There was a risk of a radiation leak at the nuclear power station. George R.R. Martin said he made less progress in the next book than he did in 2020. Rivian's stock fell more than 12% on Thursday after the electric-vehicle maker posted a larger-than- expected quarterly loss.Axios
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