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News & Articles By Sterling Ashworth
11/02/2026
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By Sterling Ashworth
New York City Private Sector Sheds 30,000 Jobs as Restaurant Pressure Mounts
New York City’s (NYC) private sector lost approximately 30,000 jobs in August and September, according to a report from City Comptroller Mark Levine [1]. Total private-sector losses over the past year reached roughly 32,000 [2]. September accounted for about 23,000 of the cuts, following 7,400 in August, according to the comptroller’s office [1]. Hospitality and […]
10/30/2026
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By Sterling Ashworth
Aramco Floods Europe with Discounted Oil After Pipeline Crisis
Saudi Aramco is offering additional crude oil to European refiners for October and November loading, according to Bloomberg, which cited a person familiar with the matter [1][2]. The state-owned oil giant is making late-October spot cargoes available at a discount to its official selling price, with shipments loading from the Red Sea port of Yanbu […]
10/29/2026
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By Sterling Ashworth
Saudi Oil Exports Fight Back: East-West Pipeline Resumes Flows Amid War Risks and Shipping Disruptions
Energy Minister Prince Abdulaziz bin Salman has announced that Saudi Arabia’s East-West pipeline has moved 5.8 million barrels of crude as of Oct. 6 [1]. The figure marks a significant step in the kingdom’s effort to restore its Red Sea export corridor after a prolonged disruption. The pipeline carries crude across Saudi Arabia to the port of […]
10/29/2026
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By Sterling Ashworth
Poll Finds Half of Americans Skipping Meals as Grocery Prices Rise
Half of Americans reported skipping meals because of rising food prices, according to a survey conducted in August by financial firm Self Financial. The poll included around 1,000 respondents, the report stated. Federal data cited in the report show grocery prices rose 28% from September 2020 to September 2026. Over the same period, ground beef […]
10/29/2026
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By Sterling Ashworth
Data: 221 Small U.S. Trucking Companies File Bankruptcies This Year
Two hundred twenty one small trucking companies in the U.S. have filed for bankruptcy in 2026 alone, according to data compiled by Bloomberg [1]. The wave of failures has reached individual operators who spent decades building businesses. The bankruptcy tally reflects a contraction that has persisted across the freight sector, according to the Bloomberg-compiled figures. […]
10/29/2026
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By Sterling Ashworth
Europe Faces Early Winter Stress Test as Cold Snap Forecast Pushes Natural Gas Prices Toward 100 Euros per Megawatt-Hour
Benchmark Dutch TTF natural gas prices climbed above 97 euros per megawatt-hour on Monday, the first time at that level since the 2022 energy crisis, according to Bloomberg. The move came as meteorologists forecast temperatures across parts of continental Europe to fall 2 C to 3 C below normal starting this weekend, the report stated. […]
10/28/2026
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By Sterling Ashworth
Saudi Aramco Evacuates Dhahran Headquarters After Alarm
Saudi Aramco evacuated its headquarters in Dhahran on Oct. 22 after an alarm at the complex, according to people familiar with the situation. Staff were asked to work from home, the people said, speaking on condition of anonymity to discuss security matters [14]. The reason for the alarm was not immediately known, and it was […]
10/26/2026
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By Sterling Ashworth
French Unrest, Italian Trucker Blockades Disrupt Supply Chains as Europe Faces Debt Pressures
Social unrest in France has plunged President Emmanuel Macron’s government into turmoil, while trucker demonstrations in southern Italy are disrupting food deliveries and transportation, according to reports from ZeroHedge and local Italian media outlets. The developments are converging with mounting concerns about sovereign debt across Europe, the reports stated. Italian trucker demonstrations on the A1 […]
10/25/2026
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By Sterling Ashworth
U.S. Government Unloads Heating Oil Reserves As Winter Approaches
The Department of Energy (DOE) announced on Wednesday, Oct. 21, that it will offer a heating oil exchange of up to 315,000 barrels of ultra-low sulfur distillate from the Northeast Home Heating Oil Reserve, according to a department statement [1][2]. The solicitation is structured to mitigate supply chain challenges disrupting fuel oil supply and to keep […]
10/22/2026
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By Sterling Ashworth
Saudi Arabia Postpones Investment Conference
Saudi Arabia plans to make its flagship Future Investment Initiative a hybrid event, allowing executives to attend remotely after deadly weekend attacks on Riyadh airport, Reuters reported on Wednesday, citing two people familiar with the matter [4]. Wall Street executives privately relayed safety concerns to organizers, including the head of the kingdom’s sovereign wealth fund, […]
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