do not be so easily fooled Shanghai March 2022 COVID: And Shanghai today: The gross domestic product (GDP) of China rose by 6.3% year on year in the second quarter of 2023, according to a preliminary report released by the country’s National Bureau of Statistics (NBS) on Monday. The Chinese economy grew by 0.8% …
Russia could deliver on at least part of its pledge to reduce oil exports next month as its western ports are planned to ship up to 200,000 barrels per day (bpd) lower crude volumes in August compared to July, Reuters reported exclusively on Friday, quoting sources with knowledge of the export plans. Russia said last …
Oil prices are set to post a third consecutive weekly gain, with Brent nearing $81 and WTI changing hands for $76.41. Bullish sentiment is building in oil markets despite continued economic headwinds and the IEA reducing its oil demand growth forecast. Supply disruptions in Libya, Saudi Arabia’s production cut, and signs of lower Russian oil …
Confusion abounds.. the fednow payment system is not Not NOT digital money. its a digital money transfer system updating the already in existence SWIFT wire transfer notification system Hate to break it to you… But you are already in a cashless society. 80% of all transactions in the US are now done by either digital …
The annual inflation in the United States stood at 3.0% in June, going down from 4.0% registered in May and coming in slightly lower than analysts forecast, the US Bureau of Labor Statistics revealed in its report published on Wednesday. Like in May, this change was the smallest 12-month increase since the period ending March …
Continue reading “US inflation down to 3% in June But CORE is up to 4.8%”
The price of Russian ESPO crude, which goes to China, rose to the highest in seven months as Chinese buyers rushed to buy it ahead of an announced 500,000-bpd cut in exports next month. Per Reuters, ESPO is currently trading at a $4 per-barrel discount to Brent crude, which puts it $6 above the G7 …
The Energy Information Administration (EIA) revealed on Tuesday that the crude oil production for 2023 is expected to rise 670,000 barrels per day (bpd) to 12.56 million bpd this year, less than a prior projection. As per crude oil prices, the agency sees the Brent spot price at an average of $78 per barrel in …
https://youtu.be/aQG7EOElBQg San Francisco Federal Reserve Bank President Mary Daly stated on Monday that the additional monetary tightening could be “needed” this year, stressing that it is premarture to declare victory on achieving balance between demand and supply. “It’s a very reasonable projection to say that a couple more [rate hikes] will be necessary,” Daly emphasized. …
This latest Wall Street rally can only be described in one word DESPERATION. What they know and don’t want you to know is the FACT inflation is not under control. AND the Fed will raise Fed Funds rates to over 7%. Their is plenty of blame to go around. It all started with the pandemic …
Continue reading “The Fire Breathing Inflation Dragon Will Burn YOU!”
The oil futures market has strengthened, suggesting that a market tightening may be on its way. Sparked by cut announcements from both Saudi Arabia and Russia, spreads in oi derivatives markets have started to show strength. In recent days, prompt spreads have strengthened, swaps contracts linked with physical supply have surged, and the premium of …
Continue reading “Middle East Oil Prices Climb on Chinese Buying”