The American Petroleum Institute (API) has estimated a crude oil inventory build of 3.639 million barrels for the week ending November 21, compared to analyst expectations of a 418,000-barrel draw in inventory. Last week saw a build in crude oil inventories of 5.954 million barrels, according to API data. After today’s inventory move, the net …
Top oil producers that are cooperating with the Organization of the Petroleum Exporting Countries (OPEC) on output cuts are pressuring OPEC, but OPEC needs to come up with the “right” call to safeguard the global economy which is “very fragile,” International Energy Agency (IEA) Executive Director Fatih Birol said on Tuesday. The Turkish energy expert …
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Rising U.S. stocks could quickly reverse themselves on the slightest shift in momentum There are two pieces of news on the U.S.-China trade deal for investors to know today. First, China is promising more protection for intellectual property. Second, despite contradictory media reports about a trade deal, there is some credibility to Gao Lingyun, an …
Continue reading “Optimism over U.S.-China trade deal could easily turn into pessimism”
Hong Kong (CNN)Hong Kong’s protest movement grabbed the world’s attention with million-strong rallies and city-stopping unrest. But it won big on the weekend by staying silent. The landslide victory for pro-democracy candidates in Sunday’s district council elections is a stinging rebuke to the city’s government — and an example of what protesters can achieve given …
Continue reading “Hong Kongers the depths of their discontent and their power”
Betting against bonds has not, to say the least, worked well for the last 40 years or so. The yield on the 10-year Treasury TMUBMUSD10Y, +0.92% was close to 16% in 1981. This year it’s fallen below 1.5%. Yields move in the opposite direction to prices. So the new Goldman Sachs call for a “baby …
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(Bloomberg) — Defense Secretary Mark Esper asked and received the resignation of Navy Secretary Richard Spencer on Sunday over his handling of the case of a Navy SEAL accused of war crimes in Iraq that angered President Donald Trump. “I was not pleased with the way that Navy Seal Eddie Gallagher’s trial was handled …
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SINGAPORE (Reuters) – Oil prices rose on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their bitter trade war. West Texas Intermediate (WTI) crude CLc1 rose 26 cents, or 0.45% to $58.03 a barrel …
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BEIJING (Reuters) – China and the United States are ‘very close’ to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, said on Monday, discounting “negative” media reports. China also remains committed to continuing talks for a phase two or even a phase three deal …
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The news comes amid recent reports about the Russian military boosting its high-tech research, and plans to create multifunctional robotic machines for elaborate combat tasks by 2025. Russia’s defence industry is developing new strategies for robots in possible urban combat, as well as in coastal warfare, a source in the sector stated on Sunday. According …
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‘Window is Closing’ MOSCOW (Sputnik) – The US Congress plans to block the further construction of the Russia-sponsored Nord Stream 2 natural gas pipeline by passing a defence bill that would extend sanctions on the project’s European partners, the US Defenсe News media outlet reported, citing US Senator Jim Risch. Risch, who is the chairman …
Continue reading “US Lawmakers Push for Nord Stream 2 Sanctions as Project Nears Completion”