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  • Feb 11, 2025

EIA raises US oil production forecast for 2025

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report, but it maintained its estimate for demand growth. The EIA said it now expects U.S. crude oil production to average 13.59 million barrels per day (bpd) in 2025, up from its prior estimate of 13.55 million bpd. The agency held its estimate for U.S. consumption of petroleum and liquid fuels steady at 20.5 million bpd in 2025.

  • Feb 11, 2025

Market conditions still not ideal for Aeromexico IPO in New York, CEO says

MEXICO CITY (Reuters) -Market conditions are currently not ideal for Mexican airline Aeromexico to list in New York, the firm's CEO said on Tuesday, after plans to go public were delayed last year. Aeromexico CEO Andres Conesa told journalists the carrier would list "as soon as market conditions allow," but did not explain further. "We aren't in a rush," Conesa said, adding the initial public offering (IPO) would come "whenever shareholders decide to sell."

  • Feb 11, 2025

Klarna and Deel eye IPOs, and Stripe embraces crypto

Welcome to TechCrunch Fintech! This week we’re looking at how fintech heavyweights such as Klarna and Stripe are incorporating crypto into their strategies, which companies are planning for IPOs, one fintech’s Super Bowl ad, Stripe’s new lead of startups and venture capital, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Image Credits:Klarna Klarna CEO Sebastian Siemiatkows

  • Feb 11, 2025

Powell says there's no rush to ease more given strong economy

"The economy is strong overall and has made significant progress toward our goals over the past two years," Powell said, with a 4% jobless rate considered around the level of full employment, and inflation lower though still more than half a percentage point above the Fed's target. "We know that reducing policy restraint too fast or too much could hinder progress on inflation," Powell said, reiterating language used after the Fed at its January meeting held interest rates steady.

  • Feb 11, 2025

Fed Chair Powell: 'I believe' Treasury payment system is safe

Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.

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