- Story Log
User | Time | Action Performed |
---|---|---|
-
Blinken: Oil prices may bump up after Saudi action, then settle
BLINKEN: OIL PRICES MAY BUMP UP AFTER SAUDI ACTION, THEN SETTLE
— *Walter Bloomberg (@DeItaone) September 6, 2023
- Comments
- Subscribe
-
- Older Stories
Australia financial regulator ASIC has put out an interesting announcement that it is “taking aim” at the broad distribution of over-the-counter (OTC) derivatives and other ...
Contacts from most Districts indicated economic growth was modest during July and August. Consumer spending on tourism was stronger than expected, surging during what most contacts considered the last stage of pent-up demand for leisure travel from the pandemic era. But other retail spending continued to slow, especially on non-essential items. Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending. New auto sales did expand in many Districts, but contacts noted this had more to do with better availability of inventory rather than increased consumer demand. Manufacturing contacts in several Districts also noted that supply chain delays improved, and that they were better able to meet existing orders. New orders were stable or declined in most Districts, and backlogs shortened as demand for manufactured goods waned. One sector where supply did not become more available was single-family housing. Nearly all Districts reported the inventory of homes for sale remained constrained. Accordingly, new construction activity picked up for single-family housing. But multiple Districts noted that construction of affordable housing units was increasingly challenged by higher financing costs and rising insurance premiums. Bankers from different Districts had mixed experiences with growth in loan demand. Most indicated that consumer loan balances rose, and some Districts reported higher delinquencies on consumer credit lines. Agriculture conditions were somewhat mixed, but reports of drought and higher input costs were widespread. Energy activity was mostly unchanged during the final months of the summer. Labor Markets post: *Fed’s Beige Book: Economic Activity Was Modest During July, Aug. Fed’s Beige Book: Job Growth Was Subdued Across the Nation *Fed’s Beige Book: Consumer Spending on Tourism Stronger Than Expected post: *Fed’s Beige: Most Districts Said Price Growth Slowed Overall post: Fed’s Beige Book: Nearly All Districts Indicated Businesses Expectations That Wage Growth Will Slow Broadly in Near Term Fed’s Beige Book: Fed Districts Saw Mixed Data on Loan Demand
Industrial action by Australia's Offshore Alliance (OA) union at Chevron's 8.9mn t/yr Wheatstone LNG, 15.6mn t/yr Gorgon LNG and Wheatstone gas platform has been delayed by 24 ...
-
- Newer Stories
Saudi Arabia raised prices for its crude oil to Asia for the fourth month in a row, indicating a tightening market after the kingdom once again extended its unilateral supply ...
Giant oilfield services company Schlumberger Ltd (NYSE:SLB) will grow its revenue by $5B in the current year and by a similar amount in 2024 thanks to a recent resurgence in ...
post: United States API Weekly Crude Oil Stock $USD Actual: -5.521M Expected: -1.429M Previous: -11.486M - https://t.co/orvmA6Wqwk post: API: Crude: -5.52 Jet: -0.25 Gasoline: -5.09 Distillate: +0.31 (Have not seen Cushing yet) #API #CrudeOil #OOTT #OilAndGas #Gasoline
- Story Stats
- Posted: Sep 6, 2023 2:55pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 225