Australian Energy Minister: We only have 18 days of gasoline; 16 days of diesel and 14 days of aviation fuel

Panasonic said to layoff 12,000 employees

US experiences largest weekly crude oil draw in history, drawing down 17.9 million barrels from the SPR & crude inventories combined — EIA

Amazon withdraws plans for four data centers on the 122-acre former GWU Ashburn campus in Loudoun County after buying it for ~$427M

The Federal Reserve is experiencing a service disruption delaying ACH payments across the entire U.S. banking system

Papa John’s pizza to close 300 locations nationwide

Alaska Air Suspends Guidance, Citing Nearly $200/bbl Jet Fuel Costs

Tom Lee’s Ethereum loss approaches $10 billion

Airlines will be able cancel flights in advance over fuel shortages, under new proposed plans

South Korea halts trading for 5 minutes after 5% slide in KOSPI futures

The decision to ban Russian gasoline exports for Russian producers from April 1st for 6 months has reportedly been made - Tass

API Inventory Moves for 05/05 Crude Oil -8.1 million (exp. -2.8 million) Gasoline -6.1 million Cushing -1 million SPR -5.2 million

US third quarter GDP estimate data release cancelled PCE - September, moved to December

200% margin requirement put on crude $CL

Retail sales data release postponed to mid-January, new home sales data postponed, housing starts report delayed to January 9th - scheduled for today

Delta Air Lines Ends Flights Between Los Angeles & Anchorage Amid High Fuel Costs

Philadelphia proposes closing 20 schools in $2.8B facilities plan