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You might not see it in Amazon.com Inc.’s stock price today, down 2%, but the surprise appointment of Andy Jassy to replace founder Jeff Bezos as the tech giant’s new chief executive is getting positive reviews among investors and analysts across the globe.
Jassy, currently CEO of Amazon Web Services Inc., the company’s now massive cloud computing unit, will start his new job this summer as Bezos becomes what’s likely to be a very active executive chairman focused on special projects. Although fewer people know Jassy well, he commands respect from those who do as well as those who just know that he has built a $50 billion cloud giant in just 15 years.
Oil Prices Mixed, But IMF Predicts Vaccine-Fuelled Demand Growth Recovery
by Ship & Bunker News Team
Tuesday January 26, 2021 Meanwhile, no more Trump is proving good for Iran exports: File Image/Pixabay Crude trading on Tuesday was mixed due to the familiar worries over Covid infection rates and indecision surrounding the highly-anticipated
$1.9 trillion
White House pandemic relief package – but that didn t prevent some analysts from predicting an upswing in demand growth for 2021. Brent ended Tuesday s session up
3 cents at
16 cents to settle at
$52.61. As U.S. democrats were reportedly trying to convince republicans of the need for more stimulus than already proposed,
Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over
Winter’s Worst Cold Drives February Natural Gas Futures Higher
Weather outlooks increased the likelihood of robust heating demand
LNG export levels gathered new momentum
Cash prices climbed for a third straight day
Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over the weekend. The weather outlooks increased the likelihood of robust heating demand the rest of January and into early February, fueling futures.
The February Nymex gas futures contract settled at $2.656 on Tuesday, up 5.4 cents day/day. Both the domestic and European weather models produced forecasts that, if they hold up, could make the coming two weeks colder than the five-year average. On Monday, the prompt month surged 15.6 cents.