Podcasts about petroleum exporting countries opec

The Organization of Petroleum Exporting Countries (OPEC) was established in 1960 to give oil-producing nations more control over their resources and influence global oil prices. Initially formed by five countries—Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela — OPEC has grown to include 12 member countries, with 10 additional nations cooperating under the OPEC+ alliance. The organization has played a critical role in stabilizing oil prices and shaping the global energy market. Skip Montreux and Dez Morgan kick off a two-part series on OPEC, starting with an in-depth discussion on the organization's founding in 1960. They examine the reasons behind OPEC's creation, its structure, and how it operates. Listeners looking to enhance their business English, Skip and Dez's discussion offers valuable insights into both OPEC and business English. Key points include: OPEC's formation in 1960 marked a shift in control over oil resources from Western companies to oil-producing nations. The organization's mandate is to coordinate petroleum policies among member countries and ensure stable prices globally. OPEC+ includes 22 countries, which together produce 59% of the world's oil. Do you like what you hear? Become a D2B Member today for to access to our -- NEW!!!-- interactive audio scripts, PDF Audio Script Library, Bonus Vocabulary episodes, and D2B Member-only episodes. Visit d2benglish.com/membership for more information. Follow Down to Business English on Apple podcasts, rate the show, and leave a comment. Contact Skip, Dez, and Samantha at downtobusinessenglish@gmail.com Follow Skip & Dez Skip Montreux on Linkedin Skip Montreux on Instagram Skip Montreux on Twitter Skip Montreux on Facebook Dez Morgan on Twitter RSS Feed

Egypt is looking to attract some USD2 bn in foreign direct investment from EU countries in its industrial sector by the end of 2024. Also, Egypt seeks to increase its exports to the EU by 10% by the end of this year, rising from EUR11.5 bn in 2023, to EUR12.6 bn in 2024.The CBE sold EUR610 mn one-year treasury bills on Monday, with an average yield of 3.75%, which is 0.25% less than the previous bid of 4.00%.The government has approved a EGP7 bn of subsidized loans for pharma companies, offering them financing at an interest rate of 5-7% to help streamline meds production and secure necessary imports.State grains buyer GASC has purchased 280k tons of wheat in a tender that closed yesterday, locking in just c. 7% of the 3.8 mn tons it aimed to purchase.Egypt will set up a logistics zone in Rwanda, after the Rwandan side allocated the necessary land near its border with Tanzania. The move will help facilitate Egyptian companies' access to the Rwandan market.A government official said that Egypt's imports of Israeli natural gas increased by about 5% during August to about 890 mn cubic feet per day, compared to 850 mn cubic feet at the beginning of last July, pointing out that the coming weeks will witness an increase in the volume of imports to a level ranging between 920 and 950 mn cubic feet per day, which is determined in coordination between the two sides.CBE data revealed that the balance of bonds and sukuk issued abroad held by non-residents amounted to about USD29.8 bn by the end of 2023.GAFI has approached the final stage of allocating an industrial zone to a group of Chinese investors on the Mediterranean coast, to establish factories specialized in agricultural manufacturing, automobiles, spinning and weaving.ESRS received from the European Trade Commission on 8 August 2024 a Notice of initiation of anti-dumping investigations concerning imports of hot-rolled flat steel (HRC) originating in Egypt, India, Japan and Vietnam. The investigations are initiated based on a complaint submitted by the European Steel Association (EUROFER). This implies a significant risk on ESRS where two-thirds of the company's HRC exports are directed to European countries, representing around 14% of total revenues. SWDY denied rumors to change the company's listing currency in the EGX from EGP to USD.The Ministry of Local Development has shortened the procedures for obtaining building permits in the governorates to 8 steps instead of 15 procedures previously.MASR achieved solid 2Q24 sales of EGP6.0 billion, up 71.3% y/y and expectedly down 59.6% q/q following a strong 1Q24 that had been fueled by pre-devaluation demand. This brought 1H24 sales up 294.0% y/y to EGP20.9 billion.MASR established a real estate asset management subsidiary called Doors and is opening a branch in Saudi Arabia soon.The government is in talks with Eni to build a regasification unit, with investments of about USD150 million, in Damietta.The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for demand growth this year to 2.11 million barrels per day (bpd) in its monthly market report released on Monday.TCI Sanmar Chemicals expressed interest in establishing a new ethylene receiving and transport station at West Port Said Port, with an investment of USD150 million. COMI has acquired 45% of Global Corp securitization issuances, which amounts to EGP610 mn. Easy lease, Al Ahly Capital leasing arm, is planning to execute a capital increase plan of EGP350 mn over the next 2 years (as a first step towards a probable IPO by 2027).CICH can trade in carbon emissions reduction certificates in the voluntary carbon market after it got the greenlight from the FRA.The CBE is finalizing the technical infrastructure needed to allow mobile contactless payments. 

Research compiled for a new book reveals five overarching themes such as "Appreciation of the Bi-Polar Peril of Price Instability" and "Recognizing the Long-Wave Cycles of Alternative Asset Classes".(This will be of interest to academics, trustees, institutions, and individual investors.) Today's Stocks & Topics: INQQ - India Internet & Ecommerce ETF, Market Wrap, DD - DuPont de Nemours Inc., EXPE - Expedia Group Inc., Five Key Lessons Taken from the Study of U.S. Financial History, RMD - ResMed Inc., The Beige Book, MELI - MercadoLibre Inc., Stock Valuation, Organization of the Petroleum Exporting Countries (OPEC), MOD - Modine Manufacturing Co., OVV - Ovintiv Inc.Our Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/* Check out eBay Auto: www.ebay.com* Learn more at hackerone.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

It is exactly 50 years since the Organisation of the Petroleum Exporting Countries (OPEC) imposed an oil embargo on America, turning a modest inflation problem into a protracted bout of soaring prices and economic misery. Now the stagflation of the 1970s – portmanteau of slowing growth and elevated inflation – is reawakening. In this week's podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA) at MUFG, discusses MUFG's latest commodities thought leadership report that provides a comprehensive examination into the commodities outlook alongside our updated forecasts – see here for the full report. Disclaimer: www.mufgresearch.com (PDF)

Recording date: 12th July 2023Nickel prices hanging in similar $20,500 - $21,000 range.  LME Inventories after bump up showing decline again at very low levels - 40,000 tonnesIndonesia Investment Minister Bahlil Lahadalia on Friday gave the latest updates on Indonesia's proposal for a global nickel cartel, saying that it has had intense talks with some unnamed countries. Resource-rich Indonesia has been proposing a group of nickel-producing countries that operates in a similar manner to the Organization of the Petroleum Exporting Countries (Opec). The Opec says it aims to coordinate the petroleum policies of its member states and keep the oil markets stable. And Indonesia wants to see a similar group for nickel, which is a key ingredient for electric vehicle (EV) batteries. "There are three countries whom we already have been intensely communicating with," Bahlil told reporters in Jakarta on Friday, commenting on the progress of the Opec-style nickel group. The minister, however, refused to disclose the name of the said countries. When asked about their initial response to the plan, Bahlil said: "[they thought] it was a great idea, but we still need to work on the details of the proposal." The Corruption Eradication Commission (KPK) recently revealed that about 5.3 million tonnes of nickel ore from Indonesia were sent illegally to China from January 2020 to June 2022.Big couple of weeks for Ardea ResourcesNon-binding MOU signed with a Japanese Consortium consisting of Sumitomo Metal Mining, Mitsubishi Corporation and Mitsui & Co. to develop the Kalgoorlie Nickel Project - Goongarrie Hub.  SMM strength is HPAL processing so logical partner for this project and best positioned for success outside of IndonesiaArdea Resources Kalgoorlie Nickel Project global Mineral Resource Estimate (using a 0.5% Ni cut-off grade) now stands at 854Mt at 0.71% Ni and 0.045% Co for 6.1Mt of contained nickel and 386kt of contained cobalt.  Total resource contains over 6 million tonnes of nickel. This is Australian laterite different than what you see in tropical areas like Indonesia.Mining optimisation studies have projected production of approximately 30,000t of nickel and 2,000t of cobalt per year for more than 40 years.  Capital cost is A$3.1 billion.  The project generates Post-tax NPV7 of A$4,980M and IRR of 23%,  Average Annual EBITA of A$800M, Project pay back within 3.1 years Direct cash cost after Co by products of US$5,763/t Ni in MHP over life of mine. Metal Prices were $US25,000 for nickel, $60,000 for cobalt. Nice to see but a little on high side – cobalt will be challenged by all of the HPAL capacity coming online before nickel as ratio of production (roughly 10:1 is less than half total supply of  c.20:1A well-known former Sudbury mining executive is back in the news and is taking on a new role as chair of the newly formed Energy Transition Metals Board with Vale Base Metals, which calls itself one of the world's largest producers of responsibly-sourced nickel, copper, cobalt and platinum group metals. Mark Cutifani was previously chief operating officer (COO) at CVRD Inco, but he left Sudbury in 2007 to become chief executive officer (CEO) of AngloGold Ashanti, and then became CEO of mining giant Anglo American, one of the largest mining companies on the planet.  Poseidon Nickel – focus has been at Silver Swan / Black Swan – now on its way.  They also had past producing mines at another location Emily Ann / Maggie Hays.  New target At Maggie Hays West, Nickel has been intersected at the base of the WUU. Best results include:PLJA075 28m @ 0.66% Ni, 187 ppm Cu from 20m including 4m @ 1.32% Ni, 134ppm Cu from 40mPLJA076 8m @ 1.18% Ni, 143 ppm Cu from 40mPLJA078 24m @ 0.88% Ni, 220 ppm Cu from 12m including 12m @ 1.16% Ni, 256ppm Cu from 20mPLJA080 4m @ 0.52% Ni, 744 ppm Cu from 36mPLJA081 7m @ 0.70% Ni, 588 ppm Cu from 40m (EOH).

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European space rocket Ariane 5 gears up for its final lift-off and Singaporean bank UOB makes a winning bet on Taylor Swift fans.

The Organisation of the Petroleum Exporting Countries (OPEC) says global oil demand will rise to 110 million barrels a day in about 20 years, pushing the world's energy demand up by 23%. The former chief executive at the car firm Audi has been given a 21-month suspended sentence by a court in Germany for his role in the diesel scandal in 2015. Rupert Stadler has also been fined nearly a million pounds, over the use of software, which made diesel cars appear less polluting than they really were. Zimbabwe's annual inflation doubled to close to 176 percent in June, after the local currency tumbled against the US dollar and food prices rose.

The world of macro seems to be relatively quiet these days, but there are still some notable events happening in the cryptocurrency and geopolitical spaces. ETH is making gains this morning, while there was some fear, uncertainty, and doubt (FUD) yesterday regarding CZ possibly being arrested due to rumors surrounding a Cobie encrypted message.Meanwhile, Elon managed to push DOGE up to around $0.10 simply by changing the Twitter logo to the Doge sign!On the geopolitical front, there are moves against the US from Saudi Arabia, which has teamed up with China to cut supply for the Organization of the Petroleum Exporting Countries (OPEC). The dollar has weakened in comparison to global currencies, and it seems like there could be a coordinated attack on the US. In addition, Finland has joined NATO, and with a massive border share with Russia, this spells trouble for Russia as its major regions are in the north, and Finland's alliance will hinder any movements there.As for the financial markets, gold is moving in conjunction with BTC/ETH, and the recent moves are not necessarily a result of stock market activity. Rather, they seem to be due to the degradation of the US dollar. The G7 is also being flipped by the five BRICS countries, led by China, in terms of world contribution as measured by GDP. The population in BRICS is massive and accounts for 30-40% of the total world population.In the world of NFTs, Nakamigos are experiencing a pullback, while Gucci has teamed up with Bored Ape Yacht Club (BAYC) to create a limited edition digital and physical necklace. The collaboration was announced on the official Gucci Twitter account and covered by Vogue, making it a notable event. Interestingly, Gucci is accepting $APE as currency for the necklace.BusterScher shared some of his unique collectibles, including a request to be a brigadier general signed/accepted by Abraham Lincoln, a bond receipt from George Washington, and a Warren Buffet-signed letter to a pastor, which is a rare specimen. He also shared an original Titanic photo, which is possibly the earliest known photo of the sunken unsinkable ship. Additionally, he showcased his original artworks and backgrounds from season 1 of SpongeBob, which were all hand-painted.Finally, the team will be attending the Proof of People event in New York on the 12th and 13th of April. The first PoP happened last year and celebrated art, life, and culture in the web3 world. Refraction DAO was on stage to share about the performances and the venue at Zero space.GM Hosted on Acast. See acast.com/privacy for more information.

Both the Dow and S&P500 extended their rally into a fourth consecutive session as investors digested news of surprise crude production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and their key producing allies (a group known as OPEC+) that saw oil prices soar and potentially muddy the inflation picture - Dow gained +327-points or +0.98%. Health insurance giant UnitedHealth Group Inc was the leading index performer, rallying +4.57% after the Center for Medicare & Medicaid Services on Friday (31 March) announced updated payment rates. The agency said that Medicare Advantage plans would see an increase in revenue of more than 3% from 2023 to 2024. The advance notice of the payment scale had pegged the increase at just over 1%. Separately, Chevron Corp gained +416%, tracking strong crude prices. Walmart Inc (+0.84%) convenes a two-day investor meeting beginning tonight AEST . The broader S&P500 added +0.37%, with Energy (up +4.91%) the clear outperformer and leading seven of the eleven primary sectors higher. Marathon Oil Corp jumped +9.93% and Conocophillips +9.26%. Tesla Inc fell -6.12% after reporting on Sunday (2 April) that it delivered 422,875 vehicles in the first quarter, just shy of the 432K units projected by analysts. The technology centric Nasdaq eased -0.27%. The small capitalisation Russell 2000 dipped -0.01%.

Both the Dow and S&P500 extended their rally into a fourth consecutive session as investors digested news of surprise crude production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and their key producing allies (a group known as OPEC+) that saw oil prices soar and potentially muddy the inflation picture - Dow gained +327-points or +0.98%. Health insurance giant UnitedHealth Group Inc was the leading index performer, rallying +4.57% after the Center for Medicare & Medicaid Services on Friday (31 March) announced updated payment rates. The agency said that Medicare Advantage plans would see an increase in revenue of more than 3% from 2023 to 2024. The advance notice of the payment scale had pegged the increase at just over 1%. Separately, Chevron Corp gained +416%, tracking strong crude prices. Walmart Inc (+0.84%) convenes a two-day investor meeting beginning tonight AEST . The broader S&P500 added +0.37%, with Energy (up +4.91%) the clear outperformer and leading seven of the eleven primary sectors higher. Marathon Oil Corp jumped +9.93% and Conocophillips +9.26%. Tesla Inc fell -6.12% after reporting on Sunday (2 April) that it delivered 422,875 vehicles in the first quarter, just shy of the 432K units projected by analysts. The technology centric Nasdaq eased -0.27%. The small capitalisation Russell 2000 dipped -0.01%.

In this episode we explore the rapidly evolving energy landscape in the United States and how it is disrupting the traditional dominance of the Organization of the Petroleum Exporting Countries (OPEC). From the boom in shale oil and gas production to the increasing adoption of renewable energy sources, to the Strategic Petroleum Reserve, the podcast delves into the key drivers behind this shift and what it means for America's energy independence and the global oil market. And do the countries the US has targeted this century ( Iraq, Iran, Venezuela, Libya and Russia) have something in common? Join Rob and Ruairi as they talk about the challenges and opportunities that lie ahead for America's energy future. Get ready for a thought-provoking and insightful discussion on the future of energy and America's role in shaping it.

What is happening in the "de-fi" world. Looks more like a scene from Caligula than a trading exchange. We are allowing children to play with matches - who is really the stupid one? Everyone is "F" ing everyone. Bombs flying - rumors and reality. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Hey - What happened to the Red Wave? ---- Everything is gamed... - Crypto meltdown - just one week and then... - We are not talking about Musk or Twitter - Sick of the topics - New Tax In Mass - Greed - The Favorite Sport of Americans (and the world) Market Update - HUGE YUGE Rally - One Two Punch - Inflatio0n and gridlock hopes ---- More Rally on light PPI and Manufacturing prices - - Short Squeeze too - offsided flip-flop - Yields drop, USD drops - Market FLY - China supposedly easing up on COVID restrictions again and ..... helping real estate market - Biden's College Loan Forgiveness Program shot down - DXY down 3.5% last 5 days. 10-Year under 4% You know what is going on? - Asexual Finance - - Everyone is just creating things out of nothing - screwing each other and themselves - - One big "F" Job that yields nothing - - Lesson learned with FTX - don't kids matches unless you want them to start a fire. ---- OH and massive amount of losses --- It is the NON-Boomers that are screwing this all up BOMBS - Wartime News - Seems that market freaked out at 2PM Tuesday - Reports that 2 missiles veered off course and hit town in Poland - Then there was reports that Ukraine shot down and pieces hit areas in Poland - Then reports that all unconfirmed - markets rally back Massachusetts Tax - The new law creates a 4% tax on annual income above $1 million, on top of the state's current 5% flat income tax, aiming to fund public education, roads, bridges and public transportation. - How many will be leaving? - Where will they be going to? Gridlock? - What happened to the Red Wave? - House will ensure more gridlock than we have now - even though Dems have majority in Senate - What does the Biden scramble look like now through inauguration of new leaders? FTX meltdown - Whatever we know - I don't think we know anything - Days to take down 2nd largest Crypto exchange (without any conspiracy additives) - Bitcoin/Ether down 20% last week - crypto markets in disarray - It is NOT the coin - it is the little greedy bitches that have been allowed to play in this environment with no regulation - All of a sudden there is odd money movements/withdrawals. What about the transparency???? - Now potentially $$ missing ($1billion) - Mysterious outflows and: --- High-net-worth users are paying astronomical prices for NFTs on FTX at a time when the broader crypto and digital collectible market has nosedived. In one case, a collectible that traded near $9 three weeks ago sold for $10 million on Friday. Another NFT that was similarly priced a month ago, sold for $888,888.88 this week. (Somehow a way to move $$$ from FTX?) Retailers Reporting this week - Tuesday: Home Depot and Walmart (before the bell) - Wednesday: Lowe's and Target (before the bell) - Thursday: Macy's and Kohl's (before the bell); Gap (after the bell) Oil - OPEC Cuts Growth Forecast - Trims demand growth in 2022, 2023 by 100,000 bpd - Says global supply was in surplus in second, third quarters - OPEC Oct. output fell by 210,000 bpd, exceeding pledged cut - Saudi Arabia reports smaller drop in its October output - Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast.

This week highlights from Coin Bureau's YouTube channel focus on two critical macroeconomic issues - China and its stance on Taiwan and concerns around global oil prices. Both of these factors will be weighing on any investor's portfolio in some way.   You'll almost certainly be aware of the fact that China has long coveted Taiwan and aims to unite the two countries - by force, if necessary. This dispute has rumbled on for decades, but tensions are currently higher than they have been for a long time. As Chinese president Xi Jinping consolidates his absolute power by securing a third term in office - meaning he is effectively president for life if he so chooses - the likelihood that China will make its move is becoming uncomfortably high.    In the first part of today's episode, we look at some of the main reasons as to why China could be on the brink of invading Taiwan. As US president Joe Biden has repeatedly pledged military support for Taiwan in such an eventuality, the stakes could not be higher for all three countries and the wider world. As we'll see, there are many reasons why China could be readying for a strike and just as many reasons why such a move would have dire consequences for the world.    Next up, we take a look at why oil prices are also something we should all be concerned about (there's not much in the way of good news this week, sadly). The Organisation of the Petroleum Exporting Countries - OPEC - the powerful international cartel that sets global oil prices, recently decided to cut production by 2 million barrels a day, meaning the price of oil is set to climb. This obviously has serious consequences for the global economy.   There's also the uncomfortable fact that the US has recently tapped its Strategic Petroleum Reserve - SPR - to make up for the disruption to oil production caused by Russia's invasion of Ukraine. This has helped to combat inflation caused by rising energy costs and insulate Americans from higher prices at the pump. But it also means that the US has decreasing amounts of oil in reserve for an emergency, such as, for instance, a war with China over Taiwan.    So, find a safe spot behind the sofa and have a listen.   We hope you enjoy the show.   Producer for iHeartMedia: Noel Brown Editor: Semir Mutapcic Theme music composed by: Noel BrownSee omnystudio.com/listener for privacy information.

The world has been pushed to the brink of recession following OPEC's decision to cut oil production from next month, experts have warned Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and their allies, including Russia agreed to slash output by two million barrels per day (bpd) just ahead of the peak winter season. The US accused the global oil group, led by Saudi Arabia, of joining hands with Russia to drive up oil prices. Following this announcement, the International Energy Agency (iEA) warned that the decrease in oil output could plunge the world into recession as higher crude oil prices will increase energy security risks worldwide. --- Send in a voice message: https://anchor.fm/you-betterknow4/message

The world has been pushed to the brink of recession following OPEC's decision to cut oil production from next month, experts have warned Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and their allies, including Russia agreed to slash output by two million barrels per day (bpd) just ahead of the peak winter season. The US accused the global oil group, led by Saudi Arabia, of joining hands with Russia to drive up oil prices. Following this announcement, the International Energy Agency (iEA) warned that the decrease in oil output could plunge the world into recession as higher crude oil prices will increase energy security risks worldwide. --- Send in a voice message: https://anchor.fm/you-betterknow4/message

Emily Tamkin in Washington DC and Ido Vock in Helsinki are joined by Alix Kroeger, a freelance journalist in Kyiv and the former international managing editor of the New Statesman.Central Kyiv was attacked by Russia this week. As Alix reports, this was the first time the capital has been attacked since Russia launched its full-scale invasion of Ukraine. The team discuss the devastation wrought by the strikes, the response from the city's residents, and what it signals about Vladimir Putin's willingness to raise the stakes after Russia's recent setbacks. Next, they head to Olkiluoto Island in Finland, where amid the energy crisis following Russia's invasion, the country has opened Europe's largest nuclear reactor and the world's first permanent disposal site for nuclear waste. They discuss Ido's recent visit to the site, the process for the disposal of the spent fuel, and the controversies that surround it. Then in You Ask Us, a listener asks why the Organisation of the Petroleum Exporting Countries (Opec) group is reducing oil exports now, in apparent support of Russian interests.Further reading:Alix Kroeger reports Russia's war returns to KyivIdo Vock writes Russian strikes on Ukraine's cities are an implicit nuclear threat. Hosted on Acast. See acast.com/privacy for more information.

Georgia Senate candidate Herschel Walker found himself in hot water this week after it was reported the former football star paid for a partner of his to have an abortion. This week, President Joe Biden visited Puerto Rico and Florida after Hurricane Ian left both areas devastated. A new term for the Supreme Court has begun. The court is set to hear new cases at a time in its history when many are questioning its legitimacy in light of its right-wing turn.Meanwhile, the White House is accusing the Organization of Petroleum Exporting Countries (OPEC) of siding with Russia following its invasion of Ukraine. But experts say the Biden administration probably won't take any action against Saudi Arabia.We get into all this and more during the News Roundup. Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A.

Peter Zeihan. Ukraine, Kherson a Turning Point, China will Never Overtake Us, Oil Cuts, What Comes Next.   Ukraine Push Back: Kherson, a Turning Point? | Peter Zeihan Ben Hodges This is Why China will never overtake the U.S | Peter Zeihan Major Oil production Cuts in an Energy Crisis | Peter Zeihan [This Will Shock Everyone] "Most People Have No Idea What's Coming Next"- Peter Zeihan   Ukraine Push Back: Kherson, a Turning Point? | Peter Zeihan Ben Hodges https://youtu.be/gr3akenQHs0 GEONOW 49.1K subscribers Ukrainian forces are poised to rout Russian defensive formations around the critical southern city of Kherson. This comes weeks after a planned counter offensive went into effect, but on the heels of significant gains made against Russian troops in Ukraine's northeast, which saw Kyiv recapture Izium and and the strategic rail hub of Lyman. The battle for Kherson will represent a significant bellwether in the current phase of the Ukraine conflict. Russia's best troops and equipment are stationed there. If they dissolve, as have other fronts in recent weeks, not only does this have significant implications for Russia itself but the capture of advanced Russian equipment by Kyiv's forces will represent a larger and more significant transfer than nearly anything NATO has provided up to this point. 00:00:00 Peter Zeihan 00:02:16 Ben Hodges 00:11:30 End ✔ https://geonow.substack.com/ ✅ Subscribe: https://bit.ly/3slupxs

The Rich Zeoli Show- Full Show (10/05/2022): 3:00pm- According to a Bloomberg report, the Organization of the Petroleum Exporting Countries (OPEC) has voted to cut oil production by 2 million barrels per day—despite the Biden Administration's numerous attempts to persuade the intergovernmental organization to produce more oil. Secretary of Transportation Pete Buttigieg stated this is “one of many reasons why America's energy security will benefit from homegrown clean energy.” 3:25pm- Will OPEC's decision to reduce oil production while demand in the Western-world increases have an impact on the 2022 midterm elections? During a hilarious rant, a self-described Democrat from Florida said he's voting for Ron DeSantis because of the Governor's performance in the aftermath of Hurricane Ian.  3:40pm- Jimmy Failla—comedian & host of “Fox Across America”—joins the show to talk about Nancy Pelosi's appearance on late-night television, Stacey Abrams denying her election denial, Trevor Noah exiting the Daily Show, and Elon Musk getting yelled at for trying to stop a war. PLUS, why did one of the best wide receivers in football choose to play for the Miami Dolphins? No state income tax! 4:05pm- While appearing on ABC's Good Morning America, Congresswoman Cori Bush (D-MO) defended the “defund the police” movement calling “police violence” a serious problem in America. According to the Daily Wire, Rep. Bush has “spent more than $300,000 for private security” since 2021.  4:15pm- According to the New York Post, Albany's progressive District Attorney David Soares has acknowledged that his previously implemented soft-on-crime policies resulted in crime rates rising. Will other progressive District Attorney's follow his lead and admit to errors in their prosecutorial strategies? 4:30pm- Michael Torres—Deputy Editor of Real Clear Pennsylvania—joins the show to discuss two of his most recent articles, “Political Malpractice in PA Governor's Race” and “Pennsylvania Democrats' Abortion Mirage.” Torres explains that despite Pennsylvania democrat candidates campaigning heavily on abortion access, polling data suggests likely voters don't consider it their top priority—with 45%, according to Emerson College polling, naming the economy as their most important issue. Abortion stands at only 14%.  4:45pm- Members of the media, particularly MSNBC's Joy Reid, have attempted to politicize Hurricane Ian—using the natural disaster to hammer Florida Governor Ron DeSantis. Reid called DeSantis a hypocrite for seeking federal aid in the aftermath of Hurricane Ian when in 2013 he voted against a Hurricane Sandy relief package. However, as Reason.com points out the 2013 package had not been budgeted for by Congress, explaining: “he didn't object to the aid per se, arguing instead that it should come with spending offsets. The money DeSantis is asking Biden to release, meanwhile, is disaster relief funding that's already been appropriated and budgeted for. It's there to be spent.” 5:05pm- While appearing on Fox News, Gov. Ron DeSantis addressed Vice President Kamala Harris' recent statement that the Biden Administration should distribute Hurricane Ian disaster relief based on “equity”—prioritizing “our lowest income communities and our communities of color.” DeSantis condemned Harris' comment and accused the VP of needlessly politicizing the tragedy.  5:25pm- A G-League basketball player has gone viral on social media—not because of his play on the court, but because of his unique name: Steeve Ho You Fat. 5:40pm- Dr. Michael Busler—Professor of Finance at Stockton University—joins the show. Prior to Hurricane Ian making landfall, President Joe Biden warned the oil industry against using a natural disaster to boost their prices. Dr. Busler defines “price gouging” and explains that federal laws restricting the practice would not actually reduce demand for a given product. In fact, increased prices often result in a rationing of scarce resources and prevent a lucky-few from hoarding much needed materials during emergencies.  6:05pm- In the Wall Street Journal's opinion editorial section, Professor William J. Magnuson stated that the best way for the West to combat oil scarcity stemming from Russian sanctions and OPEC restrictions, would be to allow American business—specifically the oil industry—to resolve the energy shortage via innovation, reduced regulation, and subsequent increased production.  6:20pm- While meeting with President Joe Biden as part of the administration's Task Force on Reproductive Health Care Access, Secretary of Education Miguel Cardona claimed that contraception and abortion were necessary components to a student's success in college.  6:30pm- Speaking with CNN, Stacey Abrams stated that she never denied losing her 2018 gubernatorial election against Brian Kemp. However, numerous clips over the past four years indicate that claim isn't accurate.  6:50pm- A recent VICE News documentary attempted to portray convicted sex-offenders in a sympathetic-manner. However, at the conclusion of the film, it was revealed that one of the offenders interviewed sent lewd photos to a VICE News producer.

The Rich Zeoli Show- Hour 1:   3:00pm- According to a report from journalists Devlin Barrett and Perry Stein of the Washington Post, federal agents are in the process of investigating Hunter Biden—the son of President Joe Biden—and believe they have acquired enough evidence to “charge him with tax crimes and a false statement related to a gun purchase.” Will Hunter Biden actually face prosecution?   3:35pm- According to a Bloomberg report, the Organization of the Petroleum Exporting Countries (OPEC) has voted to cut oil production by 2 million barrels per day—despite the Biden Administration's numerous attempts to persuade the intergovernmental organization to produce more oil. In response to OPEC's decision, the Biden Administration announced it would release an additional ten million barrels from the strategic petroleum reserves. In September, Forbes wrote that the nation's petroleum reserves were already at their lowest level since 1984.

3:00pm- According to a report from journalists Devlin Barrett and Perry Stein of the Washington Post, federal agents are in the process of investigating Hunter Biden—the son of President Joe Biden—and believe they have acquired enough evidence to “charge him with tax crimes and a false statement related to a gun purchase.” Will Hunter Biden actually face prosecution?   3:35pm- According to a Bloomberg report, the Organization of the Petroleum Exporting Countries (OPEC) has voted to cut oil production by 2 million barrels per day—despite the Biden Administration's numerous attempts to persuade the intergovernmental organization to produce more oil. In response to OPEC's decision, the Biden Administration announced it would release an additional ten million barrels from the strategic petroleum reserves. In September, Forbes wrote that the nation's petroleum reserves were already at their lowest level since 1984.    4:05pm- While speaking at a seminar hosted by University of Southern California's Center for Health Journalism, Dr. Anthony Fauci defended the National Institutes of Health's (NIH) continued funding of gain-of-function research—specifically research conducted by the non-governmental organization EcoHealth Alliance. EcoHealth has been accused of failing to report an experiment in Wuhan which resulted in the creation of a bat virus that, according to Science.org, “made mice sicker.”    4:30pm- On Wednesday night's Late Night Show, host Stephen Colbert and Dr. Anthony Fauci went shopping for Halloween candy. Colbert asks the hard-hitting questions, like: “What's your favorite candy?”   4:40pm- Pastor William Devlin—International Human Rights Advocate—joins the show to talk about an upcoming rally he has organized to support Mark Houck. Houck, a pro-life activist known for peacefully protesting outside of abortion clinics, recently had his home raided by the Federal Bureau of Investigation and Department of Justice. He was arrested for violating the “Freedom of Access to Clinic Entrances Act.” 5:05pm- On Wednesday, CBS Evening News aired a segment decrying the removal of several children's books from a school library in Jamestown, Michigan. According to those supporting their removal, the books contained sexual content inappropriate for children.    5:10pm- Assistant Producer Daniel reveals that Neumann University recently decided to remove Charlie and the Chocolate Factory from its school's library. What did Willy Wonka do to offend people??? Actually, there might be a few controversial things…   5:20pm- According to the Wall Street Journal Editorial Board, “more than a dozen environmental outfits, including Greenpeace and the Union of Concerned Scientists, wrote to big tech companies to blame them for ‘amplifying and perpetuating climate disinformation.'” Recently, Melissa Fleming—the Communications Undersecretary for the United Nations—bragged about partnering with Google to manipulate search results on climate change.    5:40pm- Paul J. Larkin—Senior Legal Research Fellow in the Meese Center for Legal and Judicial Studies at the Heritage Foundation—joins the show to discuss President Biden's announcement to issue a blanket pardon for people convicted of simple marijuana possession. Is this an abuse of the President's pardon capabilities?    6:05pm- During Supreme Court oral arguments for Merrill v. Milligan and Merrill v. Caster—cases which will determine whether Alabama's new congressional map is a violation of the Voting Rights Act—Alabama Solicitor General Edmund G. Lacour argued that his state's redistricting was made in a “race neutral manner.” Based on her questions, Justice Ketanji Brown Jackson seemed to believe that the 14th Amendment was not meant to be “race neutral or race blind.” In his retort to Justice Jackson, Lacour stated: “the 14th Amendment is a prohibition on discriminatory state action…it is not an obligation to engage in affirmative discrimination in favor of some groups...”   6:35pm- Alexandra Wilkes—Communications Director for New Jersey GOP—joins the show to talk about an investigation into the National Women's Soccer League which concluded players experienced sexual misconduct and emotional abuse. One of the teams in the league, Gotham FC, is owned by New Jersey Governor Phil Murphy and his wife Tammy. https://www.njgop.org   6:50pm- Who Won Social Media? + Rich Zeoli's Final Thought!

The Rich Zeoli Show- Hour 1: 3:00pm- According to a Bloomberg report, the Organization of the Petroleum Exporting Countries (OPEC) has voted to cut oil production by 2 million barrels per day—despite the Biden Administration's numerous attempts to persuade the intergovernmental organization to produce more oil. Secretary of Transportation Pete Buttigieg stated this is “one of many reasons why America's energy security will benefit from homegrown clean energy.” 3:25pm- Will OPEC's decision to reduce oil production while demand in the Western-world increases have an impact on the 2022 midterm elections? During a hilarious rant, a self-described Democrat from Florida said he's voting for Ron DeSantis because of the Governor's performance in the aftermath of Hurricane Ian.  3:40pm- Jimmy Failla—comedian & host of “Fox Across America”—joins the show to talk about Nancy Pelosi's appearance on late-night television, Stacey Abrams denying her election denial, Trevor Noah exiting the Daily Show, and Elon Musk getting yelled at for trying to stop a war. PLUS, why did one of the best wide receivers in football choose to play for the Miami Dolphins? No state income tax!

Organisation of Petroleum Exporting Countries (OPEC+) agreed to its deepest cuts to production since the 2020 Covid pandemic, despite opposition from many countries. The 2 million-barrel-per-day cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago on fears of a global economic recession, rising US interest rates and a stronger dollar. What is the impact on India? Does the government have plans to work this production cut? Listen in to find out! --- Send in a voice message: https://anchor.fm/business-line/message

Hour 1 -  Good Wednesday morning! Here's what Nick Reed covers this hour: The Organization of the Petroleum Exporting Countries (OPEC) and Russia are considering significantly cutting oil production which could lead to a spike in oil prices. Over the year, the Biden Administration has bragged about gas prices. However, when prices go up, the White House then claims, "The President doesn't control gas prices." Fox News correspondent Peter Doocy asked the press secretary if the president is responsible for the past week's uptick in gas prices after Biden took a victory lap when gas prices fell in recent months. In response to Doocy's question, Jean-Pierre immediately reverted to the old White House policy of blaming Russian President Vladimir Putin for pain at the pump.

Use code GUIDANCE250 to get $250 off tickets to Blockworks' London Digital Asset Summit: https://blockworks.co/events/digital-asset-summit-2022-london/ Rory Johnston, investor at Price street and author of Commodity Context, joins Jack Farley to share his outlook on the price of oil, the commodity at the heart of the turmoil in financial markets and the global economy. Johnston explains why he thinks oil will trade “flat to down” in the short-term as he notes that China's zero-covid policy has sharply curtailed oil demand but that may change in 2023. He argues that the release of millions of barrels of oil from the Strategic Petroleum Reserve (SPR), the U.S.' stockpile of emergency oil reserves, has drastically changed the supply dynamics and has likely depressed the price. Johnston also shares with Farley his views on other important drivers of oil market such as the proposed price cap, sanctions on Russian oil, and the response function from U.S. shale oil producers and the Organization of Petroleum Exporting Countries (OPEC). NOTE: This interview was filmed on September 23rd, a day where the price of oil fell by as much as 7%. -- Follow Rory Johnston on Twitter https://twitter.com/Rory_Johnston Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/ForwardGuidance Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) Introduction (00:13) Why Is Oil Crashing? (05:41) Demand Destruction & Recession Risk (12:46) Is The Backwardation In Oil (16:44) Biden's Release of Strategic Petroleum Reserve (27:21) Price Cap On Russian Oil (36:18) The Gasoline Crisis (39:56) Coal (42:53) Volatility and Illiquidity In Oil Markets (46:57) European Electricity Prices (50:17) Natural Gas Unit Economics (54:02) The Mechanics Of A Price Cap on Russian Oil (1:02:18) U.S. Shale (1:11:49) Is Oil Going To Go Up? (1:14:21) How Would A Recession Impact The Price Of Oil? (1:16:35) About Commodity Context (1:18:43) Closing Thoughts On Twitter Sentiment (1:20:57) Outro -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

According to the latest data from the Central Energy Fund, the price of 95 unleaded petrol is expected to fall by around R2.28 a litre in the first week of September. The price of 93 petrol could drop by around R2.12 a litre. Diesel could be reduced by more than a rand a litre. The price of illuminating paraffin is also on track to fall by just over a rand a litre. The fuel prices are usually adjusted on the first Wednesday of a month, and determined by the price of oil and the rand-dollar exchange rate. Earlier this month, petrol looked set for a R2.60 cut next week, while diesel was also due for a decrease of more than R2. However, the outlook changed after the oil price recovered from lows reached earlier this month, and the rand also lost ground. After hitting a high of $123 a barrel in March, following Russia's invasion of Ukraine, oil prices slumped to $92 earlier this month amid concerns about the weak state of the world economy and the possibility about a new nuclear deal between Iran and the West. A deal would mean that Iran's crude output of 2.5-million barrels per day would no longer be under international sanctions and help relieve supply constraints that have been pushing up prices. But on Monday, Brent crude oil was back above $100 per barrel after Saudi Arabia, the largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), warned about possible production cuts. Meanwhile, the rand, which started the month at around R16.60/$, has since crashed through R17. It was trading at around R16.92 on Monday. Earlier the day, the US dollar surged to a 20-year high against a basket of currencies after Federal Reserve Chair Jerome Powell indicated that interest rates would be kept higher for longer to bring down inflation in the US. Markets are now pricing in a 75-basis-point rate hike in the US in September.

The Organization of Petroleum Exporting Countries (OPEC) continues to influence global energy systems, despite challenges to its unity and market share. Just this year, global leaders called upon OPEC to increase output to bring down oil prices.  But the organization comes under tremendous scrutiny for many of the decisions it makes, with some arguing that it has not done enough to address oil price spikes and others questioning its role generally.  For a look at how OPEC is navigating the current oil crisis and the broader clean energy transition, host Jason Bordoff spoke with His Excellency Mohammad Barkindo.  Barkindo has served as secretary general of OPEC for the last six years, with his term set to end in July. His tenure at OPEC has coincided with major upheavals in the global oil market, including the supply glut of the mid-2010s, the COVID-19 pandemic, and the war in Ukraine. He previously represented Nigeria at OPEC and held various senior roles at the Nigerian National Petroleum Corporation.  The pair discussed OPEC's role amid political turmoil, rapidly fluctuating energy markets, changes within the oil industry, along with Barkindo's reflections on his time at OPEC's helm.

In this week's episode, host Daniel Raimi talks with Helima Croft, a managing director and the Head of Global Commodity Strategy and Middle East and North Africa Research at RBC Capital Markets. Croft talks about how the oil market has responded to historical events in the past and how current events have been influencing the oil market today. Croft and Raimi's conversation ranges from Russia to Europe to China to Saudi Arabia to Texas and beyond. They discuss how the Organization of the Petroleum Exporting Countries (OPEC), Ukraine, and the US government have responded to recent high oil prices; the implications of sanctions on Russian oil and gas; and how the perception of Russian sanctions may vary across the international energy sector. References and recommendations: “The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources” by Javier Blas and Jack Farchy; https://global.oup.com/academic/product/the-world-for-sale-9780190078959 “Syriana” the movie; https://www.imdb.com/title/tt0365737/ “Crude Volatility: The History and the Future of Boom-Bust Oil Prices” by Robert McNally; http://cup.columbia.edu/book/crude-volatility/9780231178143

On 14th September, some of the interesting events that took place were: 1960: The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, on 14th September by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization. 2000: Microsoft's Windows Me was released for retail sale on September 14, 2000. https://chimesradio.com    http://onelink.to/8uzr4g   https://www.facebook.com/chimesradio/   https://www.instagram.com/vrchimesradio/   Support the show: https://www.patreon.com/chimesradio See omnystudio.com/listener for privacy information.

In this episode, Mark is joined again by Thanh Cung from Julius Baer's Portfolio Management team. We hear their thoughts on the start of the Q2 earnings season - where we expect to see record high earnings growth, the continued rotation in equity markets - a key theme in our mid-year market outlook - and most notably the reversal in the so called 'reflation trade' seen in Q2. To close the discussion on equities, Mark and Thanh also discuss Julius Baer's recent downgrade of the value segment of equities - comprising sectors such as energy - to neutral. Finally, following recent talks among the Organization of the Petroleum Exporting Countries - OPEC - and other key oil producers such as Russia to lift oil production, Thanh explains what impact this could have on the current oil market cycle.

Dr. Yousef Alshammari, is the CEO and Head of Oil Research at CMarkits, London UK. He is a former Research Fellow in energy economics at the Organisation of Petroleum Exporting Countries (OPEC). He has been hosted for more than 200 TV shows with Al-Arabiya, CNBC Arabia, Sky News Arabia, Asharq Bloomberg, and CGTN. He is a writer at Forbes Middle East, CGTN and Oilprice.com, and his articles have been featured by multiple business news websites including MarketWatch, NASDAQ, and Business Insider.  He obtained his PhD in Chemical Engineering from Imperial College London where he  worked on designing innovative processes for clean hydrogen generation from heavy oil fields. Following that, he pursued his postdoctoral research in energy economics at the IAEA, KAUST, and the University of Vienna. He was awarded a research fellowship from King Faisal Centre for Research and Islamic Studies (KFCRIS) chaired HRH Prince Turki Alfaisal, and SABIC. He has also been a peer-reviewer for research papers at Energy Policy and the International Journal of Hydrogen Energy, and he published a wide range of research papers in the field of energy technology and energy economics. Yousef is an assistant professor of energy economics at Prince Mohammad bin Fahd University in Saudi Arabia, and he taught more than 800 Saudi students including some of the first female engineering students in the country.He has been a recipient of many international prizes including the World Energy Congress Prize (2016) for TOP20 research papers for his work on the impact of low oil prices on carbon capture and storage, and the UK Alumni Award for Professional Achievements (2017). In 2017, he was honoured as a Young Global Changer by the G20 Global Solution Summit in Berlin, Germany, and in 2018, he was honoured for his long-term leadership services as a board member of Future Energy Leaders by the World Energy Council.Further reading:LinkedIn profilehttps://www.linkedin.com/in/dr-yousef-alshammari-0ab23340/?originalSubdomain=ukHow COVID-19 Will Impact The Future Of Fuel Demand (October 2020)https://www.forbesmiddleeast.com/leadership/opinion/how-covid-19-will-impact-the-future-of-fuel-demandAchieving 80% greenhouse gas reduction target in Saudi Arabia under low and medium oil prices (February 2017)https://www.sciencedirect.com/science/article/abs/pii/S0301421516305717

I start this week with a classic rant… and say what a lot of people are thinking about political correctness in our society.  Luke Jacobi, director of operations at Benzinga and host of Power Hour, explains how Reddit's WallStreetBets became one of the most powerful forces on Wall Street… and how Benzinga grew into one of the biggest financial media companies in the world. He also shares a couple under-the-radar ideas he likes right now. [14:52] Daniel and I discuss the latest regulatory crackdowns in China… and break down why you must pay attention to regulations and geopolitics when investing. We also consider Robinhood's upcoming IPO… and whether we'll be buying shares. Finally, we go over the latest Organization of Petroleum Exporting Countries (OPEC) meeting... and the impacts of not reaching a deal on production. [43:48] ---------------------------------------------------------------- Enjoyed this episode?   Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/   Wall Street Unplugged podcast is available at: --iTunes: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   Twitter: https://twitter.com/frankcurzio Facebook:. https://www.facebook.com/CurzioResearch/ Linkedin: https://www.linkedin.com/in/frank-curzio-690561a7/ Website: https://www.curzioresearch.com  

Last week, the Center on Global Energy Policy held its annual Global Energy Summit, which featured an all-star cast of energy leaders, policymakers and experts speaking on the most pressing energy and climate issues we face today. This year, in a virtual setting, speakers hailed from every corner of the world including Africa, South Asia, the Middle East, Europe, Latin America, and North America. In the weeks to come, a few of those conversations will be shared in podcast form.  In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Dr. Fatih Birol, Executive Director of the International Energy Agency, who discussed key findings from the Agency’s groundbreaking new report on pathways to creating a global net-zero energy economy by 2050.   Dr. Fatih Birol has served as Executive Director of the International Energy Agency since September 2015, has been at the IEA for a quarter century, and is widely recognized as one of the foremost global figures in the energy world. He is also chair of the World Economic Forum’s Energy Advisory Board and serves on the U.N. Secretary-General’s Advisory Board on Sustainable Energy for All. Before the IEA, Dr. Birol worked at the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna. He earned a BSc degree in power engineering from the Technical University of Istanbul and received an MSc and PhD in energy economics from the Technical University of Vienna. 

US equity markets fell for a second consecutive session, shrugging off some solid corporate earnings releases and with re-opening plays such as airlines and cruise line operators led losses – Dow down -256-points or -0.75% , with Boeing Co (down -%) and Nike Inc (-%) both dropping more than >4%. International Business Machines (IBM) Corp rose over +3.79% after posting better-than-expected first quarter earnings per share (EPS) and revenue after the closing bell of the previous session. The broader S&P 500 lost -0.68%, with Energy (down -2.66%) leading seven of the eleven primary sectors lower. The more defensive Utilities (up+1.32%) and Real Estate (+1.12%) both advanced over >1%. United Airlines Holdings Inc fell -8.53% after the carrier recorded its fifth consecutive quarterly loss after the close of the previous session. American Airlines Group Inc fell -5.48%, while cruise operators Carnival Corp (down -4.35%) and Norwegian Cruise Line Holdings (-4.36%) both fell over >4%. The Nasdaq -0.92% Apple Inc (down -1.28%) launched a new iMac and iPad with its M1 chips at a spring event overnight. The small capitalisation Russell 2000 index fell -1.96%. In merger and acquisition (M&A) news, Kansas City Southern soared +15.25% after The Wall Street Journal reported that Canadian National Railway Co (-6.76%) was planning to make a buyout bid for the railroad operator of ~US$30B, which would top Canadian Pacific Railway Ltd.'s previously agreed on buyout bid.•In US corporate earnings, Netflix Inc dropped over >8% in extended trading after the streaming video company posted disappointing subscriber growth for the March quarter. For the period, Netflix added 4M net new subscribers, falling well short of the company's guidance target of 6M, while the company sees just 1M net additions in the June quarter. Netflix finished March with 208M subscribers, up 14% from a year ago. For the March quarter, Netflix reported revenue of up 24% from a year ago to US$7.16B and slightly ahead of the company's projection of US$7.1B. Profits were US$3.75 per share, ahead of the company's estimate of US$2.97 a share. Netflix forecast June quarter revenue of US$7.3B, just below the current Wall Street consensus at US$7.4B, with profits of US$3.16 per share (above the current consensus analyst estimate at US$2.69 per share). Railroad operator CSX Corp fell over >1.5% in after hours trading after reporting that first quarter revenue fell -1% to US$2.81B (versus consensus forecasts for US$2.79B), citing “difficult operating conditions”. Net income fell more than >% to US$706M or US$0.93c versus consensus analyst estimates for US$0.93c. President and chief executive James Foote noted that “the strengthening economic momentum is providing added visibility into volume growth. Johnson & Johnson rose +2.33% after reporting first-quarter profit and sales that topped expectations, citing strength in its pharmaceutical business and continued recovery in medical devices. The company also reported US$100M in first-quarter sales of its COVID-19 vaccine that's on hold in the U.S. while health regulators investigate a rare blood-clotting issue. Abbott Laboratories fell -3.6% despite exceeding earnings expectations during a quarter in which sales of its COVID-19 tests made up 20% of total revenue. Consumer staples group and Dow constituent Procter & Gamble Co settled +0.83% higher after posting better-than-expected third quarter earnings and flagged that it would be raising prices on certain product categories. Fellow Dow component Travelers Companies Inc rose +0.87% after posting quarterly figures that topped consensus forecasts, raised its cash dividend and approved an additional US$5B of share buybacks. Aerospace and defence giant Lockheed Martin Corp fell -1.12% despite exceeding consensus first quarter earnings per share (EPS) estimates by 4%. Philip Morris International gained +2.54% after the tobacco group reported better-than-expected first-quarter profit and revenue. Baker Hughes Co, Chipotle Mexican Grill Inc, Haliburton, Lam Research Corp and Verizon Communications Inc are among companies slated to report tonight AEST. •The Travel and Leisure and Banking sectors both dropped -3.7% to lead all major sectors and major European bourses lower, leaving the benchmark pan-European Stoxx 600 index (which includes UK equities) nursing a -1.90% decline. Germany's DAX fell -1.55% . Bayerische Motoren Werke (BMW) AG fell -3.36% . France's CAC -2.09%. French food group Danone SA fell -1.8% after posting a -3.3% fall in first-quarter sales but maintained its goal of returning to profitable growth in the second half of the year Interim co-Chief Executives Veronique Penchienati-Bosetta and Shane Grant said that the company “continue to expect a return to like-for-like sales growth in the second quarter, and to profitable growth in the second half of 2021". French car parts maker Faurecia rose 1% after first-quarter sales beat market expectations, underpinned by strong growth in China. In broader stock moves, Austrian chipmaker ams AG tumbled 13.26% after a media report that it lost some business from Apple Inc. Sandvik AB (down -2.56%) said that order intake increased organically in the first quarter by +12% to SEK 25,847M (~US$2.97B) "...driven by strong momentum in mining and continued improvement in short-cycle businesses." Sandvik runs a mining equipment business, alongside machine tooling and materials technology business. Mining accounts for 40% of the company's revenues. "We continued to see strong momentum in mining with accelerating demand for our equipment, parts and services. The order intake level for Sandvik Mining and Rock Solutions was at an all-time high, driven by organic growth of +36% year on year," said Sandvik Chief Executive Officer (CEO) Stefan Widing in a news release. The European Medicines Agency said its safety committee concluded that a warning about unusual blood clots with low blood platelets should be added to the product information for Johnson & Johnson's coronavirus vaccine, but said the benefits outweighed the risk. In economic data, the German producer price index (PPI) for March•London's FTSE 100 shed -2.00%. Associated British Foods Plc fell -5.93% after adjusted operating profit almost halved from the same period last year. Rio Tinto Plc fell -2.2% following the iron ore major's first quarter operations review. In economic data, labor market data for March recorded that UK unemployment rate unexpectedly declined for a second consecutive month to 4.9% despite tight nationwide COVID-19 lockdown measures. Consumer price inflation (CPI) and producer price inflation (PPI) figures for March are released tonight AEST. •Base metals weaker across-the-board – copper lost -0.53% to ~US$4.23/lb after rising as much as +1.1% to US$9,483 per tonne or ~US$4.30/lb earlier in the session, and flirting with the US$9,617 per tonne level hit in February (which was its highest since August 2011). The most-traded June copper contract on the Shanghai Futures Exchange rose as high as ¥69,750 yuan (~US$10,737) per tonne, not far from its February peak of ¥71,080 per tonne (which was its highest since March 2011) before settling +1.1% higher at ¥69,450 per tonne. Elsewhere, nickel fell -0.84%, aluminium -0.80% and zinc -1.46%. The People's Bank of China (PBoC) yesterday (20 April) left their benchmark one year loan prime rate (LPR) unchanged for a twelfth consecutive month at 3.85% as widely expected (while the five-year rate also remained steady at 4.65%). •Benchmark spot iron ore (62% fines) jumped +US$7.81c or +4.30% to US$189.61mt . China's most traded iron ore futures contract (September delivery) rose over >4% yesterday (20 April) to hit a new record high of ¥119.05. The World Steel Association released its Short Range Outlook for 2021 and 2022 yesterday (20 April) and forecasts that steel demand will grow by 5.8% in 2021 to reach 1,8740.0M tonnes, after declining -0.2% in 2020. The association forecasts steel demand to see further growth of 2.7% to 1,924.6M tonnes in 2022.•Gold futures (June delivery) added +US$7.80 or +0.4% to US$1,778.40/oz, reversing an earlier decline as US Treasury yields receded. Silver futures (May delivery) unchanged at US$25.84/oz. •Oil prices retreated as record cases of COVID-19 in India (the world's third-largest importer of oil) dimmed the outlook for the nation's economy and energy demand, while there was apparent progress in the Iran's nuclear deal negotiations - WTI fell -US$0.94c or -1.5% to US$62.44/barrel, with the May contract expiring at the conclusion of the session. Last night's session marked the one-year anniversary of a negative price close for the front-month WTI crude futures contract. On 20 April, 2020 the May WTI crude plummeted -306% or -US$55.90, to settle at negative -US$37.63/barrel. The new front month June WTI contract fell -US$0.76c or -1.2% to US$62.67/barrel. Brent shed -US$0.48c or -0.7% to US$66.57/barrel. India's Prime Minister Narendra Modi held an address to the nation on Tuesday (20 April), ruling out a nationwide lockdown as a measure to curb the pandemic and urging states to ensure that lockdowns are only chosen as the last resort, according to the Hindustan Times. Elsewhere, Bloomberg reported that Iran's President Hassan Rouhani said negotiations toward a nuclear deal were 60% to 70% complete. Meanwhile, the U.S. House Judiciary Committee's move on the No Oil Producing and Exporting Cartels Act of 2021, known as NOPEC, called attention to long-running efforts to by the U.S. to make it illegal for the Organisation of Petroleum Exporting Countries (OPEC) to manipulate oil prices. The NOPEC bill would make it illegal for any foreign state to act collectively to limit oil production or set prices. After the markets' close, the American Petroleum Institute (API) released their latest weekly inventory data, recording a +436K barrel increase in US crude stoc

The House of Representatives and the Ministry of Finance on Tuesday disagreed over the procedure for the payment of the sum of N2.8billion to the Organization of Petroleum Exporting Countries (OPEC) in 2017.The Ministry appeared before the Public Accounts Committee of the House in the ongoing investigative hearing on audit queries by the Auditor-General of the Federation on Ministries Departments and Agencies.Permanent Secretary of the Ministry, Aliyu Ahmed, said the payment was made by the Minister following a memo by OPEC requesting the said amount.Ahmed said the amount was released from the office of the Accountant General as payment of Nigeria’s contribution to the OPEC fund for international development in 2017.He said it was a routine payment and there are hundreds of international organizations, so if they had to resort to the president for every approval, it would be unmanageable and cost more.

Recorded: July 14, 2020 Moderator: Patrick Ryan, President, Tennessee World Affairs Council [If you appreciate the work we do to inspire an understanding of the world please become a member or donate to the Tennessee World Affairs Council (www.TNWAC.org). Thank you!] The global energy market is in turmoil. Inventories are high and demand is low. We recently saw a negative price call for crude oil and fully laden tankers are sitting at anchorages waiting for customers. The International Energy Agency said oil demand was “down nearly 5% in the first quarter, mostly by curtailment in mobility and aviation which account for nearly 60% of global oil demand. By the end of March, global road transport activity was almost 50% below the 2019 average and aviation 60% below. The energy market fallout from the pandemic, and the crash in oil prices, has threatened the economic stability of numerous countries, especially those in the Organization of Petroleum Exporting Countries (OPEC). Some have sought to ensure market share through price slashing over production, worsening the inventory glut. This Global Dialogue episode with veteran journalist, author and scholar Thomas Lippman will aim to sort through the global energy crisis and to discuss his new book, “Crude Oil, Crude Money.” It, “tells the untold story of how Exxon, Mobil, Chevron, and Texaco teamed up with the CIA and Department of State to thwart the plans of Greek shipping magnate Aristotle Onassis, who almost managed to reshape the Middle East.” About Thomas Lippman Thomas W. Lippman is an author and journalist who has written about Middle Eastern affairs and American foreign policy for four decades, specializing in Saudi Arabian affairs, U.S.- Saudi relations, and relations between the West and Islam. He is a former Middle East bureau chief of the Washington Post, and also served as that newspaper’s oil and energy reporter. Throughout the 1990s, he covered foreign policy and national security for the Post, traveling frequently to Saudi Arabia and other Middle East countries. He has been a frequent visitor to Saudi Arabia for many years. Before his work in the Middle East, he was the Washington Post correspondent in Vietnam and Cambodia. Lippman is the author of numerous magazine articles, book reviews and op-ed columns about Mideast affairs, and of eight books about the Middle East and Islam. His latest book, Crude Oil, Crude Money: Aristotle Onassis, Saudi Arabia, and the CIA,” was published in 2019. Lippman has appeared on all major US television networks, NPR, the BBC, and many television stations overseas. He has lectured on Gulf regional affairs at the U.S. Air Force Special Operations School, at the National Defense University, at the State Department’s Foreign Service Institute, and at the Brookings Institution. He has also been also a consultant to film producers, the Central Intelligence Agency, the National Counterterrorism Center, and corporations that do business in the Gulf. Lippman is an adjunct scholar at the Middle East Institute in Washington and was an Edward R. Murrow Fellow at the Council on Foreign Relations.

The oil market recently saw something that it had never seen before. For the first time in history, the prices slid to less than zero on 20th April. Because of a supply glut in the wake of the global coronavirus crisis, and a demand slump, US crude oil futures collapsed to less than $38 per barrel. Desperate traders were paying to get rid of oil. So much so that President Donald Trump had to intervene and announce that the US would add 75 million barrels to its strategic petroleum reserves. The Organization of the Petroleum Exporting Countries (OPEC), also stepped in along Russia and other allies, and announced a cut in production. The shock of the “negative oil prices” was felt across the world, with stock markets globally reacting negatively to the development. For perspective, it should be noted that crude oil prices hovered around $100 a barrel in international markets between 2010 and 2014, even going as high up as $128 in 2012. Even at the start of this year, they were close to $67 per barrel. So what has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let’s take a Deep Dive With AKB to understand.

A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war.

The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two producers from the Organization of the Petroleum Exporting Countries (OPEC) raised the stakes in a standoff with Russia that has hammered global crude prices. The extra oil the two Gulf allies plan to add is equivalent to 3.6 percent of global supplies and will pour into the market at a time when global fuel demand in 2020 is forecast to contract for the first time in almost a decade due to the coronavirus outbreak. Oil prices have almost halved since the start of the year on fears that OPEC states would flood the market in OPEC's battle with Russia after Moscow rejected the bloc's call last week for deep output cuts and a pact on cutting output that has propped up prices since the 2016 oil-market collapse. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

A weaker rupee, soaring crude oil prices and Q4 earnings will affect the market sentiment on Friday ahead of a long weekend. About 18 companies will declare their March quarter numbers for the year 2018-19, including YES Bank, HDFC Asset Management Company, HDFC Life Insurance, Hero MotoCorp, and Piramal Enterprises. Markets remained flat for the most part of Thursday’s trading session but witnessed heavy sell-off during the last trading hour. Benchmark indices, S&P BSE Sensex and NSE Nifty50 tanked 324 points and 84 points, respectively. While the Sensex settled at 38,731 level, Nifty managed to hold above the psychological level of 11,600 to end at 11,642.  Markets will remain shut on Monday on account of Phase 4 of the 2019 Lok Sabha polls where Mumbai goes to vote. In the forex market, the rupee slipped 39 paise to close at 70.2 per dollar.   GLOBAL CUES Oil prices, which touched $75 per barrel in the intra-day trade on Thursday, dipped in the early trade on Friday on the expectation of higher supply by Organization of Petroleum Exporting Countries (OPEC) countries to offset curb on Iran export. Brent crude futures were at $74.00 per barrel at 6:45 am, or 0.4 per cent, from their last close.   Asian shares got off to a subdued start ahead of the release of US’ GDP numbers, due later in the day. Moreover, the Bank of Japan (BoJ) held its monetary policy steady at a rate review on Thursday and said its super-low rates will last another year.  MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 per cent. In the overnight trade, US stocks ended mixed. The Dow Jones Industrial Average lost 135 points to close at 26,462, while the S&P500 slipped 1 point to end at 2,926 level. Nasdaq gained 17 points to settle at 8,119 level.

Republicans have spent years warning us that voter fraud is rampant. Despite no evidence that this is the case -- election fraud in the United States is in fact rare –President Trump has warned us repeatedly about hordes of Mexicans and other illegals attacking this pillar of our Democracy, the GOP has put legislation into place in states across the country to make it harder to vote, arguing that it's necessary to protect the sanctity of elections. They take voter fraud seriously, they say. It's become one of their core issues. So, we would expect that faced with a rare case of potentially serious and pervasive electoral fraud, they would jump on it -- insist on an investigation, figure out exactly what happened, punish wrongdoers and close whatever holes in the system led to the abuses. So, here's their chance. Allegations of flagrant absentee ballot fraud in a North Carolina district have thrown the Election Day results of one of the nation's last unresolved midterm congressional races into question. Unofficial ballot totals showed Republican Mark Harris ahead of Democrat Dan McCready by 905 votes in the 9th Congressional District. But the state elections board refused to certify the results last week in view of "claims of numerous irregularities and concerted fraudulent activities" involving mail-in ballots in the district. What's going on in NC? Ministers from Opec the oil cartel that controls roughly a third of global production, and its allies including Russia and Kazakhstan, will meet in Vienna this week to decide how to respond to the 30 percent plunge in oil prices to around $60 a barrel over the past two months. What are the projection for the US and international implications as US production is booming? Will the latest Senate briefing on the Kashoggi murder have an impact? But for Saudi Arabia, which remains the world's top oil exporter and the cartel's de facto leader, that decision has been complicated by the murder of Jamal Khashoggi. - Senators emerged from a closed-door briefing with the CIA director on Tuesday and accused the Saudi crown prince of complicity in the murder of journalist Jamal Khashoggi. Qatar has announced that it is withdrawing from the Organization of Petroleum Exporting Countries (OPEC) on Jan. 1 after nearly 60 years of membership. This is jarring news to energy markets but understandable at two levels: operational and political.Two police departments in the New England region of the United States canceled their annual visit to Israeli police forces and engagement in training, amid pressure from organizations affiliated with the Boycott, Divestment and Sanctions (BDS) movement. The Vermont State Police and the Northampton Police Department in Massachusetts both canceled their planned trip to Israel for a training program just days before it was supposed to start. What does this signal about the pressure from the BDS movement? Vermonters for Justice in Palestine, announced in a press release today that Vermont State Police Director Colonel Birmingham canceled the trip in response to a petition created against it. GUESTS:Bob Phillips — Executive Director for Common Cause. Common Cause North Carolina is a Raleigh-based nonprofit and nonpartisan organization dedicated to encouraging citizen participation in democracy.Dr. Jack Rasmus — Professor of economics at Saint Mary's College of California and author of Central Bankers at the End of Their Ropes: Monetary Policy and the Coming Depression, who also writes at jackrasmus.com.Wafic Faour - Works with Vermonters for Justice in Palestine works to support the Palestinian people in their struggle for human rights and to end the illegal, immoral, and brutal Israeli occupation through education, advocacy, and action.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza. The dollar was higher on Friday against most major pairs and is mixed on Monday as US traders got back in action after the Thanksgiving holiday. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency. Oil prices tumbled as fears of oversupply put losses at more than 11 percent despite the best efforts of the Organization of the Petroleum Exporting Countries (OPEC) to once again stop the decline with a probable production cut agreement. Global growth concerns are reducing expectations of energy demand with the trade war between the US and China a growing concern ahead of the G20 meeting in Argentina later this month.

Dollar Mixed as EU Trade Spat Escalates The US dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in Europe boosted the single currency but the rally was short lived after the Trump administration announced a review of US-EU trade that could result in a 20 percent tariff on European car imports. Oil prices surged after the Organization of the Petroleum Exporting Countries (OPEC) and other major producers agreed to increase supply at the end of their collective meeting in Vienna. The Canadian dollar became the worst performer against the US dollar as inflation and retail sales disappointed on Friday.

The U.S. Markets started out the week on a mixed note on continuing trade tensions between the U.S. and China. The Dow Jones Industrial Average and S+P 500 Index shed some points while the NASDAQ Composite ended fractionally positive. West Texas Intermediate crude oil increased, settling at $65.85 a barrel, and Energy stocks stepped up as a result. Indices closed in the red zone on Tuesday, amid continuing trade tensions. In housing news, starts rose 5% in May to an annual pace of 1.35 million, exceeding estimates of 1.31 million. Results were again mixed mid-week, with the Dow closing slightly in the red zone, the S+P 500 rebounding, and the NASDAQ traded to a new record level. China trade tensions continued to weigh heavily on the market Thursday, despite Department of Labor reports showing new jobless claims fell by 3,000 to 218,000 in the week ended June 16. Indices were mixed again Friday, with the Dow and S+P 500 stepping up while the NASDAQ shed some points. Oil prices jumped up after the Organization of the Petroleum Exporting Countries (OPEC) reached an agreement to increase output. For the session, West Texas Intermediate crude added 4.58% to settle at $68.78 a barrel.

Dollar Higher After Fed Hike and Dovish ECB** The US dollar is mixed against all major pairs on Tuesday. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced new tariffs on Chinese goods on Friday. Oil prices plunged as supply might be on the rise with heavy anticipation on the Organization of the Petroleum Exporting Countries (OPEC) meeting on Friday.

In episode 143 of Informed Choice Radio, Martin is searching for the Santa Rally and explaining why investors should pay it no attention at all. There is also a roundup of the latest personal finance news and an update from the world of Informed Choice. Searching for the Santa Rally Stock markets often have a pretty good time of it in December. This is known as the Santa Rally or December Effect. It was first recorded by Yale Hirsch in his Stock Traders Almanac back in 1972, and since then it’s been frequently observed by investors and analysts. New research by Schroders has found stockmarkets are more likely to rise in December than during any other month. The research looked at nearly three decades worth of data before confirming the existence of a Santa Rally. In this episode of Informed Choice Radio, Martin is searching for the Santa Rally before explaining why investors should ignore it. Personal finance news update -House price growth has slowed to its lowest rate since January. -Bank of England governor Mark Carney has issued a warning about high levels of household debt. -For nearly three in ten women, the inability to support themselves or their families financially is their greatest financial fear. -The Organization of the Petroleum Exporting Countries (Opec) have agreed to cut output. -An influential committee of MPs have criticised HM Revenue & Customs over its lack of scrutiny on whether tax reliefs are being used effectively. Get answers to your personal finance questions Do you have a personal finance or investing question for Martin? Email martin@icfp.co.uk or ask on Twitter @martinbamford. You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.

On Wednesday morning in Vienna OPEC is holding a meeting, aimed at halting the biggest decline in oil prices for a generation. Back in September, the Organization of Petroleum Exporting Countries reached a tentative agreement to restrict output - but they still haven't hammered out individual output targets for each nation. We spoke to Amrita Sen of Energy Aspects about the biggest and most influential producer - Saudi Arabia. The old certainties about politics in America have been turned on their heads, including the twin beliefs that organised labour delivers votes for the Democratic Party candidate, while evangelicals deliver votes for the GOP. This time round things were less cut and dried, as Mitchell Hartman of Marketplace reports. Lithium - or white petrol as it's becoming known - is a hot commodity. Demand for the metal could triple in the next ten years - driven particularly by a rise in demand for batteries in products like smartphones, laptops and electric cars. On Tuesday a group of leading carmakers - including Ford, BMW and Porsche - announced they wanted to build a Europe-wide network of charging stations for electric vehicles - and that's music to the ears of lithium producers like the Canadian firm Wealth Minerals. The company's chief executive Henk Van Alphen spoke to the BBC's Jon Bithrey. A group of American developers has chosen a patch of countryside in the Netherlands to build a self-sustainable eco-village. Its marketing pitch is pretty straightforward -off the grid and the ideal antidote to the crazy congested urban lifestyle, as Anna Holligan reports. (PHOTO CREDIT: OPEC logo shown at an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo)

The Organization of Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization of 13 oil-exporting nations that coordinate petroleum policies of member states. OPEC has exercised large control of the global oil market since its inception in 1960. However, it is now confronting major challenges, including changes to the global oil market and tensions between member... The post OPEC in Crisis appeared first on Matters of State - International Relations Podcast.