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Trump says he wants to negotiate a nuclear deal with Iran after imposing ‘maximum pressure’
President Donald Trump on Wednesday said he wants to negotiate a nuclear deal with Iran after reimposing a “maximum pressure” campaign on the Islamic Republic. Trump said in a Truth Social post that work should begin on such a deal “immediately.” The president said reports that the U.S. and Israel are working together to attack Iran are exaggerated. “I would much prefer a Verified Nuclear Peace Agreement, which will let Iran peacefully grow and prosper,” Trump said in the post. The president withdrew the U.S. in 2018 from the nuclear deal negotiated by President Barack Obama, called the Joint ... (full story)
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- From prnewswire.com|Feb 5, 2025|4 comments
Economic activity in the services sector expanded for the seventh consecutive month in January, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 52.8 percent, indicating expansion for the 53rd time in 56 months since recovery from the coronavirus pandemic-induced recession began in June 2020. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In January, the Services PMI® registered 52.8 percent, 1.2 percentage points lower than the seasonally adjusted December figure of 54 percent. The Business Activity Index registered 54.5 percent in January, 3.5 percentage points lower than the seasonally adjusted 58 percent recorded in December. After seasonal adjustments, this is the 56th consecutive month of expansion for the index. The New Orders Index recorded a reading of 51.3 percent in January, 3.1 percentage points lower than the seasonally adjusted December figure of 54.4 percent. The Employment Index remained in expansion territory for the fourth consecutive month; the reading of 52.3 percent is a 1-percentage point increase compared to the seasonally adjusted 51.3 percent recorded in December. “The Supplier Deliveries Index registered 53 percent, 0.5 percentage point higher than the 52.5 percent recorded in December. This is the second consecutive month the index has been in expansion territory, indicating slower supplier delivery performance. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.) “The Prices Index registered 60.4 percent in January, a 4-percentage point decrease from December’s seasonally adjusted reading of 64.4 percent. The index has registered two consecutive readings above 60 percent after being below 60 percent since February 2024. The Inventories Index was in contraction territory in January for the third month in a row, registering 47.5 percent, a decrease of 1.9 percentage points from December’s figure of 49.4 percent. The Inventory Sentiment Index expanded for the 21st consecutive month, registering 53.5 percent, up 0.1 percentage point from December’s reading of 53.4 percent. The Backlog of Orders Index remained in contraction territory for a sixth consecutive month, registering 44.8 percent in January, a 0.5-percentage point increase from the December reading of 44.3 percent. “Fourteen industries reported growth in January, five more than the previous month’s total. The Services PMI® has expanded in 23 of the last 25 months dating back to January 2023. Th post: ISM Services 52.8, Exp. 54.0 ISM Employment 52.3, Last 51.3 ISM Prices Paid 60.4, Last 64.4 ISM New Orders 51.3, Last 54.4ISM: US services activity shrinks in January The activity in the service sector in the United States shrank in January, the Institute for Supply Management (ISM) said in its report on Wednesday. The Services Purchasing Managers' Index (PMI) fell from 54.1% in the previous month to 52.8%, below analysts' expectations. According to the report, the Business Activity Index declined by 3.5 percentage points from December and reached 54.5%. The New Orders Index decreased from 54.4% in the prior month to 51.3% in January. The Employment Index jumped by 0.1 percentage points to 52.3%. On the other hand, the Inventory Sentiment rose by 0.1 percentage points month-on-month to reach 53.5%. "Fourteen industries reported growth in January, five more than the previous month’s total … Slower growth in the Business Activity and New Orders indexes led to the lower composite index reading. Poor weather conditions were highlighted by many respondents as impacting business levels and production," ISM Services Business Survey Committee Chair Steve M
- From eia.gov|Feb 5, 2025
Below average temperatures in the eastern United States during the week of January 19, 2025, resulted in high demand for electricity. On January 21 at 6:00 p.m. eastern time, ...
- From @DeItaone|Feb 5, 2025
post: FED'S BARKIN: NOT HEARING CEOS TALK ABOUT RECESSION post: BARKIN: CEOS SAY THERE'S SO MUCH POLICY UNCERTAINTY
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- From streetinsider.com|Feb 5, 2025
U.S. crude oil refinery inputs averaged 15.3 million barrels per day during the week ending January 31, 2025, which was 159 thousand barrels per day more than the previous week’s average. Refineries operated at 84.5% of their operable capacity last week. Gasoline production decreased last week, averaging 9.2 million barrels per day. Distillate fuel production decreased last week, averaging 4.6 million barrels per day. U.S. crude oil imports averaged 6.9 million barrels per day last week, increased by 467 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.6 million barrels per day, 2.8% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 593 thousand barrels per day, and distillate fuel imports averaged 159 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 8.7 million barrels from the previous week. At 423.8 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. Total motor gasoline inventories increased by 2.2 million barrels from last week and are slightly above the five year average for this time of year. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories decreased by 5.5 million barrels last week and are about 12% below the five year average for this time of year. Propane/propylene inventories decreased by 4.8 million barrels from last week and are 2% below the five year average for this time of year. Total commercial petroleum inventories decreased by 2.7 million barrels last week. Total products supplied over the last four-week period averaged 20.6 million barrels a day, up by 3.3% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.3 million barrels a post: EIA: US GASOLINE STOCKPILES ROSE IN THE LATEST WEEK TO THE HIGHEST SINCE JANUARY 2024.WTI Extends Losses After Biggest Crude Inventory Build In A Year Oil prices are leaking lower this morning after surging yesterday on Trump's "maximum pressure" plan for Iran as traders weigh the effect of a US-China trade war on demand. “Trump tariff chaos and trade war is no good for global growth and oil demand growth,” said Bjarne Schieldrop, chief commodities analyst at SEB AB. “But supply disruptions, as so often before, can then rapidly and suddenly turn everything around.” API reported yuuge builds for Crude and gasoline overnight but a large draw for Distillates (cold weather?)... API • Crude +5.025mm • Cushing +110k • Gasoline +5.4mm • Distillates -7.00mm DOE Crude +8.64mm - biggest build since Feb 2024 Cushing -34k Gasoline +2.23m - 12th straight weekly build Distillates -5.47mm - biggest draw since March 2021
- From mining-technology.com|Feb 5, 2025
As the world transitions toward cleaner energy sources and grapples with critical political shifts, 2025 is shaping up to be a pivotal year for the power sector. According to ...
- From fxempire.com|Feb 5, 2025
Natural gas markets continue to go somewhat sideways as the market is in the midst of consolidation and trying to sort out where to go next. After all, the trade war spat had ...
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- Posted: Feb 5, 2025 10:10am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 88