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Fitch Ratings: US private credit default rate hits record high in Q2 2026.The U.S. Senate voted 49-50 to reject a resolution that would have required President Trump to halt hostile actions against Iran without congressional authorization.July 31 – According to the Wall Street Journal, sources familiar with the matter revealed that a data center developer partnering with Anthropic is in advanced talks to borrow $15 billion to build a large data center campus and power plant in Texas, with Google providing financial guarantees and chips for the project. Under the agreement being discussed, a syndicate led by Morgan Stanley will provide a $15 billion loan to Nexus Data Centers for the construction of the campus in Hubbard, Texas. The campus will be equipped with its own natural gas power plant capable of generating 1.6 gigawatts of electricity. The deal could be announced as early as today. Sources said that to help Nexus raise debt financing, Google has guaranteed billions of dollars in lease and electricity payment obligations for Anthropic in case the startup defaults. However, one source indicated that Googles support is limited, covering only the minimum amount required for banks to complete the financing. These guarantees cover four data center lease contracts that Anthropic has already signed, along with corresponding power purchase agreements, with electricity to be supplied by an on-site power plant serving the campus.Moodys upgraded Micron Technology (MU.O)s senior unsecured rating to Baa1 with a stable outlook.According to Israels i24News, sources say that the US strikes against Iran on Wednesday were just the tip of the iceberg of future anticipated actions.

The U.S. Strategic Petroleum Reserve Has Fallen to Its Lowest Point Since 1987

Charlie Brooks

May 17, 2022 09:50

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The volume of crude oil in the U.S. Strategic Petroleum Reserve (SPR) decreased by 5 million barrels during the week ending May 13.


Stockpiles from 1987, to 538 million barrels in the Strategic Petroleum Reserve (SPR).


According to the data, approximately 3.9 million barrels of sour oil and 1.1 million barrels of sweet crude were discharged onto the market.


President Joe Biden announced in March the largest release ever from the U.S. emergency oil reserve, 1 million barrels per day (bpd) of crude oil for six months, in an effort to reduce gasoline prices that had skyrocketed due to Russia's invasion of Ukraine.


Prior to that, the United States had agreed to release 30 million barrels of SPR oil in March and 50 million barrels from SPR in November.


The price of a barrel of crude oil in the United States has increased by over 25 percent to nearly $114 due to market concerns about a supply shortage. This week, retail gasoline and diesel prices reached all-time highs as fuel demand returned to pre-pandemic levels and refining capacity fell.


The 180 million-barrel discharge was the third time in the previous six months that the United States had tapped the Strategic Petroleum Reserve.


Winners of the most recent SPR auction were Valero Energy Corp (NYSE:VLO), Motiva, Exxon Mobil (NYSE:XOM), Shell (LON:RDSa), Phillips, and Marathon Petroleum Corp. (NYSE:MPC).


According to U.S. Customs data, ship tracking, and an industry source, at least three vessels carrying crude oil from U.S. emergency stocks set sail for Europe in April as European refiners rushed to replace Russian crude supplies.

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