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US oil rigs down 6 in the past week. I'm surprised to see oil rigs dropping despite higher recent oil prices but producers are showing discipline. That certainly adds some downside risks to year-end US production estimates. US gas production has also been dropping fast and that's a big reason why natty is up almost 6% today. • Oil rigs 499 vs 506 prior • ...
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Since peaking in mid-April, crude oil prices have slumped nearly 10% in the spaces of just a few weeks. The sharp drop reflects in part the removal of war risk premium that was slowly priced in as the tensions in the Middle East intensified with Iran and Israel attacking each other directly. But as tensions have eased and hopes for a ceasefire between ...
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A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, said the profits and losses on his trades were reported on a daily basis to ...
Date | 1:41pm | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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1:41pm | Actual | ||||||||
Fri May 3 | |||||||||
Fri May 3 | 2:45am | FR Industrial Production m/m | -0.3% | 0.3% | 0.2% | ||||
4:30am | UK Final Services PMI | 55.0 | 54.9 | 54.9 | |||||
8:00am | BZ Industrial Production m/m | 0.9% | 1.2% | 0.1% | |||||
MX Gross Fixed Investment y/y | 12.5% | 12.6% | 14.6% | ||||||
8:30am | US Average Hourly Earnings m/m | 0.2% | 0.3% | 0.3% | |||||
US Non-Farm Employment Change | 175K | 238K | 315K | ||||||
US Unemployment Rate | 3.9% | 3.8% | 3.8% | ||||||
10:00am | US ISM Services PMI | 49.4 | 52.0 | 51.4 | |||||
1:00pm | US Baker Hughes Oil Rig Count | 499 | 505 | 506 | |||||
Sat May 4 | |||||||||
Sat May 4 |