Roundup: LSU vice presidents / Oil prices / Black Friday shopping - Greater Baton Rouge Business Report
Roundup: LSU vice presidents / Oil prices / Black Friday shopping
Research and development: LSU has named two associate vice presidents to join its office of research and economic development. Professors Stephania Cormier and John Flake, who previously worked in LSU’s college of science and engineering, respectively, will be helping advance the university’s research priorities in their new roles. See the announcement from LSU.
Crude production: Oil prices tanked 4% this morning as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts, Reuters reports. Brent crude futures was down $3.39 to $79.06 a barrel, and U.S. West Texas Intermediate crude futures were down $3.26 to $74.51. Read the full story.
Black Friday local: Baton Rouge retailers, restaurants and even cocktail establishments are stepping up their strategies this year to compete with online and big box stores on Black Friday, Small Business Saturday and Cyber Monday. 225 has a list of those that will be open for those gifting holidays and what they’re offering.
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.