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  • OPEC and allies prepares to pump more oil just as market recovery teeters

    From bnnbloomberg.ca

    From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a particularly delicate challenge for the OPEC cartel and its partners, who next week plan to resume some of the crude output halted during the depths of the pandemic. While the alliance is eager to ramp up oil sales after successfully reviving prices, the relapse in the world economy means that extra supply is arriving at a fragile moment, and could send the market lower again. “We’re in quite a finely balanced place in terms of the scope to ... (full story)

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    Florida total coronavirus cases up 9,007 on Friday - state health dept

    From @PriapusIQ|Jul 31, 2020|1 comment

    tweet at 10:32am: FLORIDA TOTAL CORONAVIRUS CASES UP 9,007 ON FRIDAY - STATE HEALTH DEPT FLORIDA REPORTS RECORD INCREASE IN COVID-19 DEATHS FOR FOURTH DAY IN A ROW - REUTERS TALLY https://t.co/U1KjHPQFBZ

    Iraq and Nigeria make no further oil output curbs in July - Reuters survey

    From @breakingmkts|Jul 31, 2020

    tweet at 10:31am: IRAQ AND NIGERIA MAKE NO FURTHER OIL OUTPUT CURBS IN JULY - REUTERS SURVEY tweet at 10:31am: OPEC JULY OIL OUTPUT RISES 970,000 BPD MONTH-ON-MONTH TO 23.32 MLN BPD AS SAUDI ARABIA AND OTHER GULF STATES END VOLUNTARY OUTPUT CUTS - REUTERS SURVEY OPEC STATES BOUND BY OPEC+ CUTS COMPLY WITH 94% OF PLEDGED REDUCTIONS IN JULY (VS REVISED 111% IN JUNE) – REUTERS SURVEY

    Exxon is confident in maintaining dividend for at least a year

    From @breakingmkts|Jul 31, 2020

    tweet at 10:26am: exxon is confident in maintaining dividend for at least a year

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    Eurozone GDP shrinks at the fastest rate in history, losing 12.1% in the second quarter

    From markets.businessinsider.com|Jul 31, 2020

    Eurozone GDP fell by 12.1% in the second quarter of the year, its biggest single quarter drop in history as the coronavirus' true impact on the continent's economy emerges. GDP ...

    2 US oil executives released from Venezuela prison to house arrest

    From cnn.com|Jul 31, 2020

    Two American oil executives held in an overcrowded Venezuelan prison for almost three years have been placed in house arrest, a sign that the embattled government of Nicolas ...

    Hoyer: US House to remain in session until a deal reached on relief legislation

    From @zerohedge|Jul 31, 2020

    tweet at 12:28pm: US DEMOCRAT HOUSE HOYER: THE US HOUSE IS TO REMAIN IN SESSION UNTIL A DEAL REACHED ON THE CORONAVIRUS RELIEF LEGISLATION. - CBS NEWS. tweet at 12:35pm: HOYER SAYS U.S. HOUSE EXPECTED TO MEET AT SOME POINT DURING AUGUST AS CORONAVIRUS AID BILL NEGOTIATIONS CONTINUE

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  • Posted: Jul 31, 2020 10:59am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 76
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