The famed investor, who called it quits on his namesake “The Gartman Letter” last week after 30 years, said Donald Trump’s multiple trade wars and other threats mean it’s time to raise cash Dennis Gartman said he won’t give up TV, radio or print interviews, even as he ceases publication of his newsletter. Dennis Gartman …
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Saudi Arabia shocked the oil market on Friday, with its energy minister Prince Abdulaziz bin Salman pledging to voluntarily cut even more oil production than its new quota, according to S&P Global Platts. Under the existing oil production quota, Saudi Arabia had agreed to keep production under 10.311 million bpd—a cut of 322,000 bpd. But …
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A ministerial committee of OPEC and its partners led by Russia recommended that the OPEC+ oil production cuts be deepened by 500,000 bpd, two sources told Reuters on the sidelines of the OPEC meeting in Vienna. The Joint Ministerial Monitoring Committee (JMMC) of the OPEC and non-OPEC countries with representatives of the leaders of the …
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Aramco has priced its highly anticipated initial public offering at 32 riyals ($8.53) per share. State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Saudia Arabia’s Crown Prince Mohammed bin Salman. Aramco priced its …
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Surge in registration of younger U.K. voters The British pound has been on a roll of late, climbing against both the dollar on expectations the Conservative party will secure a majority in the Dec. 12 general election. The pound on Thursday reached a fresh five-month high against the U.S. dollar. With a majority in …
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Global oil-producing group OPEC and its allies are meeting in Vienna, with expectations raised over whether the alliance will make further cuts to its output at the two-day gathering. The 14 members of OPEC and a group of allied non-OPEC producers led by Russia (collectively known as OPEC+) are expected to at least keep production …
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Summary of Weekly Petroleum Data for the week ending November 29, 2019 Total commercial petroleum inventories decreased last week by 4.9 million barrels last week. Total products supplied over the last four-week period averaged 21.2 million barrels per day, up by 0.3% from the same period last year. U.S. crude oil refinery inputs averaged 16.8 …
Trump is the laughing stock of world leaders. at one time our leaders had the worlds respect and fear, with trump their is neither Justin Trudeau, Emmanuel Macron and Boris Johnson were caught on a hot mic at the Buckingham Palace NATO reception yesterday evening, appearing to gossip about Donald Trump and the length of his …
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EXECUTIVE SUMMARY The impeachment inquiry into Donald J. Trump, the 45th President of the United States, uncovered a months long effort by President Trump to use the powers of his office to solicit foreign interference on his behalf in the 2020 election. As described in this executive summary and the report that follows, President Trump’s …
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The American Petroleum Institute (API) has estimated a crude oil inventory draw of 3.72 million barrels for the week ending November 28, the biggest draw since September. After today’s reported inventory move, the net inventory moves so far this year stand at a draw of 2.98 million barrels for the 49-week reporting period so far, …
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