Podcasts about saudi russian

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news a sense of dread you might get looking at financial markets from the outside isn't being reflected in the activity of those markets.But first the worrying news. We should note that American benchmark mortgage interest rates topped 7.5% last week for the first time since November 2000. 8% rates seem in sight. So it will be no surprise to learn that mortgage applications were weak there last week, down a sharp -6% from the prior week, and down -22% from the same week a year ago.Holding that weaker theme, and after rising +180,000 in August, the pre-cursor ADP Employment Report of private payrolls was expected to rise +153,000 in September. But it rose just +89,000 which is a negative signal ahead of Saturday's US non-farm payrolls report. Weakness was shown in factory jobs, employment in the South, and by large firms. Analysts are expected the non-farm, payrolls to grow a modest +170,000 but there seems to be downside risks. At least the US Fed will like to see an easing. And equity and bond markets responded in that way with stocks up and benchmark bond yields easing back.But not every indicator out today is negative. The closely-watch ISM services PMI shows no such weakness for September. Yes it eased slightly, but it is just off its six month high and expanding at a healthy clip. Employment held up, but if there is a weakness it is a sag in the new order expansion levels.Having noted that, the new factory order data in the US for August came in much better than expected and reversing the slip in July. They were up +1.2% from the prior month, although only up +0.5% from a year ago.American crude oil stocks fell again last week, but petrol inventories jumped sharply. This surge has seen crude oil prices fall rather sharply today. The Saudi-Russian 1 mln bbl/day supply cut isn't having the impact they had hoped.And apart from oil, some other commodity prices are sharply lower today, notably for coal, and for wheat. All up, inflation relief.In Japan, the Markit services PMI was revised higher to 53.8 in September from 53.3 in the flash estimates, a 13th consecutive month of good expansion in their service sector. In South Korea, their latest factory PMI improved nicely as well, almost taking them out of contraction. It was an improvement that wasn't expected. Despite deep-seated cultural rivalry, it helps Korea that Japan is doing much better these days.In China however, office vacancy rates are now higher than they were under the country's severe zero-COVID restrictions, delivering a further blow to the nation's struggling property sector. They now top 27% in tech hub Shenzhen, 21% in Guangzhou, and a still-high 18% in Beijing. It was running 16% in Shanghai. New projects will be a very tough sell when vacancy rates are so high.Global passenger air travel is still recovering fast and is back to 96% of 2019 pre-pandemic levels. But the gains are uneven, dominated by radical changes in the nature of Chinese air travel, huge jumps in domestic travel there, and offset by very large falls in their international travel. The Chinese have become stay-at-homers. Asia/Pacific travel has a very long way to go yet to return to pre-pandemic levels.The UST 10yr yield starts today down -7 bps from yesterday at 4.74% as a correction sets in. We follow the Fear & Greed Index weekly, but we should perhaps note that it has jerked suddenly in the 'extreme fear' mode yesterday and today.The price of gold will start today at just on US$1820/oz and down another -US$4 from yesterday. This is another new low since February 2023.Oil prices have slumped -US$5 lower at just on US$84/bbl in the US. The international Brent price is just on US$86.50/bbl.The Kiwi dollar starts today at 59.2 USc and up +20 bps from yesterday. Against the Aussie we are softish however, now at 93.5 AUc and down -20 bps. Against the euro we have slipped marginally to 56.3 euro cents. That all means our TWI-5 starts today at just over 69.4 and down -10 bps.The bitcoin price has moved marginally higher today from yesterday, and it is now at US$27,524 and up a minor +0.4% from yesterday. Volatility over the past 24 hours has been low at just on +/-0.8%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

US inflation rose again last month: is the good news over? The Saudi-Russian alliance seems determined to get oil prices up to $100. That could mean €2+ for a litre or petrol and/or diesel. Interest rates look to be in 'higher for longer mode'. There is nothing good that flows from $100 oil - other than an economic slowdown/recession that will cut fossil fuel consumption & help, a little, the environment.Putin is building a new friendship circle, including fellow megalomaniacs from N. Korea and mad mullahs from Tehran.The advice to the next government everywhere, including UK, US and Ireland, is the same: build more houses. In the UK and Ireland that's gonna need big reforms of the planning system. Comedians - and serious journalists - are starting to tell jokes about Sunak's chances of winning the next general election. Are Ross O'Carroll-Kelly's D4 brothers-in-arms helping to shutter a 112 year-old cricket club? Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.

Featured speakers: Dr. Daniel Serwer (moderator), Dr. Abdullah Alshayji, Dr. Kristian Coates Ulrichsen, Anna Jacobs, and Professor Douglas London. Ever since the highly consequential meeting between President Franklin D. Roosevelt and King Abdulaziz of Saudi Arabia in 1945, the U.S.-Saudi relationship has steadily grown to become an important cornerstone of U.S. foreign policy in the Middle East. It is no secret that major challenges struck this relationship; policymakers in Washington and Riyadh traded harsh rhetorical blows over the 1973 oil embargo, the degree of Saudi Arabia's culpability for the 9/11 terrorist attacks, the U.S. invasion of Iraq in 2003, and most recently the murder of dissident journalist Jamal Khashoggi by Saudi operatives in Istanbul. In spite of these tensions, the partnership between the two states has endured. In 2022, after the Russian invasion of Ukraine and as the U.S. is engaged in talks with Iran to revive the JCPOA nuclear agreement, the two countries appear to have realized the need for closer coordination. Among many issues, the stability of global oil markets, the geopolitics of the Gulf region, and other shared security and economic interests have brought Riyadh and Washington closer together again. At time that U.S. and Saudi officials navigate the short-term ups and downs in their bilateral relationship, there have been signs of a deeper divergence of geopolitical interests. Over the past decade, the two countries have held opposite views on the Arab Spring, the war in Yemen, the implementation of the JCPOA, the degree of Washington's commitment to the security of the Gulf region, Saudi-Russian coordination in the oil market, and other topics related to the intra-GCC relations and domestic changes in Saudi Arabia. All of these topics have had an impact on the Saudi-American partnership. As the divergence becomes more obvious, Riyadh has pursued closer ties with Moscow and Beijing, and Washington has sought to form a more effective partnership with other Arab countries to balance its interests in the region. In 2022, what issues bring Washington and Riyadh closer together, or push them apart? Why is Biden visiting Riyadh after calling it a “pariah” state? Are the U.S.-Saudi relations institutionalized, or based on personal relations between the two countries' leaders? How have the foundations of the geopolitical relationship changed over the last decade? Is Saudi Arabia looking for a new superpower partner? Finally, how have economic issues, including the global transition to cleaner energy, changed the calculus of the two countries' relations?

Emma hosts Andrew Cockburn, Washington editor at Harper's Magazine, to discuss his recent book The Spoils of War: Power, Profit, and the American War Machine. Then, Emma is joined by Ken Klippenstein, investigative reporter at the Intercept, to discuss his recent piece "SAUDI-RUSSIA COLLUSION IS DRIVING UP GAS PRICES — AND WORSENING UKRAINE CRISIS". However, they begin by taking a step back to look at the developments of recent weeks, leading up to last night's Russian invasion of Ukraine, looking to how the Biden administration has signaled their response, from guessing correctly at Putin's aims yet still making every effort to ensure he followed through, to the consistent push for more and more intense sanctions, before Andrew dives into the actual conflicts at hand, in the Donbas region and elsewhere, and explores Putin's desire to pin everything to Nazis and communists. This fittingly leads them to look at the development of the foreign policy tactic of sanctions, first moving back to its emergence in the 1960s against the Cuban people, hoping to starve them into revolution, before they look at how it developed in a pseudo-technocratic manner, just as drone warfare did, with US officials presenting newer and newer sanctions as “precise” and “targeted,” despite everything about their effects suggesting the opposite. Next, they look at the long-lasting devastation that sanctions have wrought, even if eventually lifted – as we saw in Iran – and dive into their pointlessness as a completely unproductive involvement in this conflict. He and Emma then explore the evolution of the Military-Industrial Complex, which has driven up the Pentagon budget by ~5% per year since 1954 all while it is suggested that our actual “fighting strength” is dropping. Andrew Cockburn makes sense of this by re-situating how we look at the issue, exploring how the MIC and Pentagon are only understandable when viewed as moneymaking machines, as he walks through myriad examples, from the Air Force developing worse planes simply because they're costlier and employ more technological precision to Korean war tactics that centered on raiding communist trenches for clothing. They wrap up by tracking the consistent reaction to any dips in the Pentagon's budgetary growth (not budget; growth), alongside warmongering lies from the 60s “missile gap” to nuclear lies in the Middle East. Emma also walks us through the developments in Ukraine last night, tracking the invasion and what little we know about the death toll as she works her way through this tragedy. And in the Fun Half: Ken Klippenstein joins as he discusses his recent piece on the role of Saudi-Russian collusion in driving up gas prices and enflaming the crisis in Ukraine, from Saudi Arabia bolstering Russia's role in oil production (starting in 2015) to strengthen Putin's hand in advancing this conflict, to the easy decisions that the US could make in just moving away from 0il, as well as touching on Biden advancing sanctions against Yemen. Then, Emma is joined by Matt and Brandon as they take a call from Bro Flamingo and admire Laura Ingraham's Interruption Angle. Binder also takes on certain “leftists” refusal to acknowledge their weirdly pro-war excuses or take accountability for how they disseminate their own opinions, and he, Matt #2, Brandon, and Emma go back and forth on the role NATO should've or even could've played in the run-up, before Eric Adams, massive proponent of solitary confinement, rants on the importance of socializing in our well being. Lastly, they go off on the active violent incitement against Trans people by the right, from Marjorie Taylor Greene to Eric Prince, plus, your calls and IMs! Purchase tickets for the live show in Brooklyn March 26th and Boston on May 15th HERE:   https://majorityreportradio.com/live-show-schedule Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the AMQuickie newsletter here:  https://madmimi.com/signups/170390/join Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Support the St. Vincent Nurses today! https://action.massnurses.org/we-stand-with-st-vincents-nurses/ Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Matt's other show Literary Hangover on Patreon! https://www.patreon.com/literaryhangover Check out The Nomiki Show on YouTube. https://www.patreon.com/thenomikishow Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Check out The Letterhack's upcoming Kickstarter project for his new graphic novel! https://www.kickstarter.com/projects/milagrocomic/milagro-heroe-de-las-calles Check out Jamie's podcast, The Antifada. https://www.patreon.com/theantifada, on iTunes, or at https://www.twitch.tv/theantifada (streaming every Monday, Wednesday, Thursday and Friday at 7pm ET!) 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In this episode, part II of our series on the Coronavirus, your resident foreign policy nerds dive into the geopolitics of oil. We'll talk about the Saudi/Russian oil price war, the impact of COVID-19 on demand, and last week's historic international deal to cut oil production.  

The S&P surges higher this week, gaining 12% while all the world is dying. So why is the investor community happy to ignore the deaths of thousands and the recession sure to follow?The answer is simple...and yet not so simple.1) Stock valuations are pricing in a RAPID recovery from today's contraction, the scientifically named "V-shape"2) That recovery is informed by faith in a massive Federal Government intervention in the form of ongoing stimulus AND3) Jear Bear's equally massive backstop from the Federal Reserve in the form of easy money and corporate debt buy-ups4) The formation of a Saudi-Russian oil cartel propping up oil prices5) A structural exit from short positions on travel stocksAll of this is to say, friends, that the markets are highly optimistic now that the curve is flattening. Now...is that optimism well founded or not?

Kia ora,Welcome to a special Saturday edition of Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this where we focus on the international forces weighing on the New Zealand economy.Today we lead with news the giant American economy is still taking body blows.In the US, efforts to keep businesses operating and workers employed have so far failed to stop massive job losses as the economic impacts of the virus tear through their economy in devastating ways. Consumer sentiment is diving, as you would expect.The number of claims for unemployment benefits came in with another huge jump, adding +6.6 mln people last week to the prior week's +6.9 mln (itself revised higher). And don't forget the +3.3 mln in the week earlier than that. In these three weeks that is almost +17 mln people suddenly out of work on top of those that have had hours or pay cut but still retain their jobs. Officially, their unemployment rate has been said to jump to 5.5% (from 4.4% in March and 3.5% in February) but with plummeting participation, the labour force impacts will be far higher than that.The US Fed has vastly expanded its backstop lending to companies that are now in dire straits, chiming in with a new US$2.3 tln program on top of the trillions previously announced. It's a move so big that essentially, the US Fed now controls the US bond market. And it is a move that has the Fed supporting companies with risky debt situations. The Fed finds itself completely unsupported by the fiscal authorities, applying monetary solutions to a fiscal problem.And just how un-resilient the American Federal fiscal resources are, was emphasised today by the state of their financial position. The federal budget deficit grew 8% in the first six months of the fiscal year, as government spending outpaced federal tax receipts, and that was before the big hit expected from the pandemic. For the year to March, they had a budget deficit of -US$1.04 tln, up 20% in a year and 2¼ times higher than the situation this Administration inherited. By any standard, it’s a record of mismanagement in "the good times" making them uniquely vulnerable now "bad times" have arrived. They damaged rather than repaired the roof when the sun was shining.It is not only the Americans who are suffering. North of the border, more than 1 mln Canadian lost their jobs in March and that was double the level analysts were expecting and a breath-taking surprise. Officially, their unemployment rate jumped to 7.8% but of course with a labour force of 20 mln, and a rapid fall in the participation rate, the real jobless levels will be far higher than that.In China, their consumer price rises are moderating, taking their recent CPI jumps lower in March. Their CPI was up +4.3% and down from the February increase of +5.2%. Still, food prices rose more than +13% of which beef prices were up +22% and lamb prices up +12%. There were big falls for fuel, and for fresh fruit. Prices are not rising in the industrial sector however, in fact declining as deflation sets in there again after a brief respite.And new loans extended by Chinese banks surged in March, their aggregate financing hit a record high and their money supply grew at the fastest pace in three years, after a big pump of liquidity to support their economy. New bank lending climbed to NZ$670 bln in March, surging from NZ$215 bln in February.In Australia, their reserve bank has revealed (top of page 11) that extra cash had to be emergency trucked to bank vaults after depositors rushed to withdraw large amounts - in some cases millions of dollars - when the markets tanked last month because of fears about the pandemic.Worldwide, the latest compilation of Covid-19 data is here. The global tally is now 1,673,000 and up +208,000 this time on Thursday which is a rising tide. Now, more than 29% of all cases globally are in the US and they are up +83,000 since Thursday to 86,500. This is a faster rate of increase. Less than 6% of all US cases have recovered so far. China's recovery rate is now 94% and they claim they only have 5100 active cases nationwide now. Australia has now over 6200 cases, 5000 active, and while the rise in infection is slowing, deaths are not and now exceed 54.Global deaths now exceed 100,000. Death rates in Europe are frightening and rising; the death rate in Italy is up to almost 13%, in the UK to just over 12%, and in Spain is touching 10%. But they are much lower elsewhere in Europe. The US rate is up to just over 3.7% and now exceeds 18,000 people and about to soar past Italy's level.There are now 1283 Covid-19 cases identified in New Zealand, with another +44 new cases on Friday and lower than the +50 increase on Thursday. That is the lowest daily increase in two weeks. The number of clusters remains at 12. Now two people have died here, and there are 16 people in hospital with the disease, with five in ICU, and two of those are in a critical condition. The latest death is a woman in her nineties from a nursing home in Christchurch. 29% of all New Zealand cases have now recovered.In New York, equity markets ended Thursday up +1.5% and that caps a weekly gain of +4.6% for the S&P500. That means since the peak on February 19, the S&P500 is now down 'only' -17.6%, dragging the losses below the -20% bear market definition.The UST 10yr yield is down -4 bps at just on 0.73%. Gold is up sharply again, up by +US$44 to US$1,686/oz.US oil prices are a little lower at just on US$23/bbl, down -US$1/bbl. The Brent benchmark has stayed low at just on US$32/bbl. This fall comes despite a Saudi-Russian agreement to cut output, probably because the agreed cuts were far less than markets expected. And the US rig count took another steep drop in the past week, down to 602. That is a cumulative fall from 805 at the start of 2020 and down from 1,022 a year ago which was just after its recent peak.But the Kiwi dollar has strengthened further against the greenback, up now to 60.8 USc. On the cross rates we are lower however at 95.7 AUc. Against the euro we are little-changed at 55.6 euro cents. That means the TWI-5 is at 67 and its highest in a month.Bitcoin is now at US$6,875 and a -6 fall from where we left it on Thursday, a fall said to be based on "profit-taking".You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz.Tell your friends and email us a review - we welcome feedback.

US lawmakers from oil-producing states are trying to increase pressure on the White House to do something to help drillers getting hammered by plummeting prices -- from aggressive diplomacy to banning crude imports. We spoke with US Senator Lisa Murkowski, chairman of the Senate Energy and Natural Resources Committee. She expects producers in her home state of Alaska to take an immediate hit from current prices. Additionally, she said operations could be scaled back significantly after a case of coronavirus was confirmed this week on the North Slope.

Episode 17 - Join Brekkie & Russell for a discussion on the Energy Sector with Tantra Co-founder and Oil & Gas expert, Tom Kivisto: Recorded March 26th, 2020 Tom gives us an overview of the Energy sector with a brief history lesson on oil markets in the United States and abroad We discuss what effects the Corona Virus Pandemic is having on supply & demand in relation to oil Bitcoin as a hedge for oil producers in the United States The ongoing feud between the Saudis and Russians. Tom’s predictions on how the Corona Virus Pandemic and Saudi/Russian oil feud will play out and affect global oil prices Stay tuned. We will be releasing more “Market Watch” episodes in the days to come. To subscribe and listen to more episodes of Tantra Talks, click HERE. To learn more about our offerings click HERE. --- Send in a voice message: https://anchor.fm/tantra-talks/message

US lawmakers from oil-producing states are trying to increase pressure on the White House to do something to help drillers getting hammered by plummeting prices -- from aggressive diplomacy to banning crude imports. We spoke with US Senator Lisa Murkowski, chairman of the Senate Energy and Natural...

The stock market has experienced an extremely turbulent March and many experts already believe that the world is falling into another recession. While the Coronavirus scare has impacted world markets and supply chains, there is another reason that the world economy is struggling - an oil price war between Russia and Saudi Arabia. On March 9th, the global price of Brent Crude oil fell from almost $60 a barrel to below $32 a barrel. This large dip in prices all began when Saudi Arabia, Russia, and other OPEC countries met to discuss putting a floor under falling oil prices because of the Coronavirus. Moscow apparently decided to blow up their three year old pact to manage global oil supplies by refusing to sign on to the proposed cuts. This sent the prices spiraling down. Saudi Arabia then responded by slashing oil prices. In this episode, Drew and Alex talk about the reasons behind this confrontation between Russia and Saudi Arabia, and also the global implications. It appears that both countries are playing a game of economic chicken and Drew and Alex believe that the United States shale industry could be the most impacted by this price war. Also, other oil rich countries like Iraq, Nigeria, and Oman may be brutally hit by these price changes. Both Russia and Saudi Arabia appear prepared for a longterm battle, who will come out on top? 

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Coronavirus fears have shaken the global markets; the New York Stock Exchange even tripped a “circuit breaker” designed to halt trading and give investors a few minutes of perspective. Virtus Investment Partners’ Joe Terranova weighs in on market volatility and President Trump’s planned stimulus package. Volatility has also shaken Robinhood, the millennial-favored trading platform. Ariel Investments Chairman John Rogers has 37 years of experience investing through crises, and he’s thinking long term through this market roller coaster. Plus, RBC’s Helima Croft is fresh off a trip to Riyadh with her insights on the Saudi-Russian oil price war that has sent crude prices to multi year lows. Learn more about your ad choices. Visit megaphone.fm/adchoices

Chinese stocks and U.S. futures surge after Presidents Trump and Xi agree on a trade truce at the G20 summit in Osaka, calling a time-out on any fresh tariffs. President Trump also makes a historic visit crossing over the DMZ to meet North Korean leader Kim Jong-Un. We are live in Japan and at the World Economic Forum meeting in China with reactions from policymakers. Iran backs the Saudi-Russian plan to extend existing oil supply cuts, paving the way for a deal at the OPEC meeting in Vienna. CNBC sources confirm reports Deutsche Bank is planning to cut up to 20,000 jobs in a major overhaul.

Harold Hamm pulls out of OPEC Seminar: https://www.reuters.com/article/us-oil-opec-contl-resources/continental-resources-ceo-harold-hamm-pulls-out-of-opec-meeting-idUSKBN1JE1VWSeveral of the CEOs of American energy companies have decided not to attend the pre-OPEC meeting seminar organized by OPEC. Could this be to send a message to OPEC about the cartel's relevance (or non-relevance) to US energy producers? Hamm has met with OPEC oil ministers before in Houston. Other CEOs will still attend - Pioneer and Hess. Russian oil minister Alexander Novak also pulled out of his appearance and will not join OPEC in Vienna until later in the week.OPEC meeting Previewshttps://www.platts.com/latest-news/oil/london/saudi-arabia-russia-say-oil-market-cooperation-21086527https://www.cnbc.com/2018/06/16/russia-saudi-arabia-get-chummy-ahead-of-opec-may-affect-oil-prices.htmlhttps://www.reuters.com/article/us-usa-trump-oil/trump-iran-spar-over-oil-prices-ahead-of-opec-meeting-idUSKBN1J91IDWatch for the Saudi/Russian bromance. Al Falih and Novak are looking to push through a production increase but Iran and Iraq claim to be dead set against it.Saudi - Russian relationship is key here - the two oil ministers even met to prepare tactics while Putin and Mohammad bin Salman watched the Saudi-Russia soccer match together (spoiler alert - Russia won 5-0!!!)Overview of OPEC's activities since November 2016 when the group (along with Russia and others) agreed to a cut production by 1.8 million barrels per day.Ellen's forecast: Probable agreement to increase production a total of between 300,000 bpd and 600,000 bpd with possibly 1 million bpd increase as high end.WTI/Brent spread is 10$ - How will this be impacted by an OPEC production increase?Will China try to use US oil exports as a bargaining chip in ongoing trade "negotiations"/trade war? https://www.reuters.com/article/us-usa-trade-china-oil-graphic/chinas-tariffs-on-u-s-oil-would-disrupt-1-billion-monthly-business-idUSKBN1JE0CDIndia informs its refiners that they will no longer be able to pay for Iranian oil in euros: http://www.asianage.com/business/in-other-news/150618/iran-oil-payment-route-to-be-blocked-from-november-3.html?__twitter_impression=trueEllen on Axios: https://www.axios.com/newsletters/axios-generate-6326df6a-3c6a-441b-ac1a-f794e178c0fd.htmlalso on Thomson Reuters: https://blogs.thomsonreuters.com/financial-risk/trading/opec-and-the-future-of-oil-production-cuts/

Harold Hamm pulls out of OPEC Seminar: https://www.reuters.com/article/us-oil-opec-contl-resources/continental-resources-ceo-harold-hamm-pulls-out-of-opec-meeting-idUSKBN1JE1VWSeveral of the CEOs of American energy companies have decided not to attend the pre-OPEC meeting seminar organized by OPEC. Could this be to send a message to OPEC about the cartel's relevance (or non-relevance) to US energy producers? Hamm has met with OPEC oil ministers before in Houston. Other CEOs will still attend - Pioneer and Hess. Russian oil minister Alexander Novak also pulled out of his appearance and will not join OPEC in Vienna until later in the week.OPEC meeting Previewshttps://www.platts.com/latest-news/oil/london/saudi-arabia-russia-say-oil-market-cooperation-21086527https://www.cnbc.com/2018/06/16/russia-saudi-arabia-get-chummy-ahead-of-opec-may-affect-oil-prices.htmlhttps://www.reuters.com/article/us-usa-trump-oil/trump-iran-spar-over-oil-prices-ahead-of-opec-meeting-idUSKBN1J91IDWatch for the Saudi/Russian bromance. Al Falih and Novak are looking to push through a production increase but Iran and Iraq claim to be dead set against it.Saudi - Russian relationship is key here - the two oil ministers even met to prepare tactics while Putin and Mohammad bin Salman watched the Saudi-Russia soccer match together (spoiler alert - Russia won 5-0!!!)Overview of OPEC's activities since November 2016 when the group (along with Russia and others) agreed to a cut production by 1.8 million barrels per day.Ellen's forecast: Probable agreement to increase production a total of between 300,000 bpd and 600,000 bpd with possibly 1 million bpd increase as high end.WTI/Brent spread is 10$ - How will this be impacted by an OPEC production increase?Will China try to use US oil exports as a bargaining chip in ongoing trade "negotiations"/trade war? https://www.reuters.com/article/us-usa-trade-china-oil-graphic/chinas-tariffs-on-u-s-oil-would-disrupt-1-billion-monthly-business-idUSKBN1JE0CDIndia informs its refiners that they will no longer be able to pay for Iranian oil in euros: http://www.asianage.com/business/in-other-news/150618/iran-oil-payment-route-to-be-blocked-from-november-3.html?__twitter_impression=trueEllen on Axios: https://www.axios.com/newsletters/axios-generate-6326df6a-3c6a-441b-ac1a-f794e178c0fd.htmlalso on Thomson Reuters: https://blogs.thomsonreuters.com/financial-risk/trading/opec-and-the-future-of-oil-production-cuts/

Saudi-Russian summit...and a crucial pair of paragraphs...: King Of Saudi Arabia To Visit Russia In October   The post NEWS AND VIEWS FROM THE NEFARIUM SEPT 14 2017 appeared first on The Giza Death Star.

The Fed's Neel Kashkari says the central bank is totally committed to reaching 2% inflation. Bloomberg Gadfly's Lisa Abramowicz discusses the bond markets. And SGH Macro Advisors' Sassan Ghahramani explains how he successfully predicted the Saudi-Russian oil agreement. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

The Fed's Neel Kashkari says the central bank is totally committed to reaching 2% inflation. Bloomberg Gadfly's Lisa Abramowicz discusses the bond markets. And SGH Macro Advisors' Sassan Ghahramani explains how he successfully predicted the Saudi-Russian oil agreement.

Volatility Viewpoint: VIX outside of "Red Zone" indicates no recession, Goldman says. The Goldman Sachs analysis shows the VIX is currently in a “low and rising” phase, which tends to last about two months on average. VIX Options: Massive spread on Thursday - Paper buys Mar 27/35 vertical. Total 4.82m (3.15m Calls, 1.67m Puts) Earnings Volatility: AMZN: Bulls dominate Amazon options as earnings loom. Crude Oil: Talk of Saudi/Russian oil deal on production lifted markets earlier this week. OIV: 64. OVX: 63 Volatility Voicemail: Listener questions and comments Question from Andrew T. - Vega is pretty straightforward but is Gamma really a second-order Greek since it measures the rate of change of another Greek? Question from TBig - You guys always talk about VIX futures term structure and contango impacting products like VXX. But does the same not apply to USO and the contango in the crude futures? What about backwardation in both products - how does that impact ETFs? The Crystal Ball: Reckless prognosticating

Volatility Viewpoint: VIX outside of "Red Zone" indicates no recession, Goldman says. The Goldman Sachs analysis shows the VIX is currently in a “low and rising” phase, which tends to last about two months on average. VIX Options: Massive spread on Thursday - Paper buys Mar 27/35 vertical. Total 4.82m (3.15m Calls, 1.67m Puts) Earnings Volatility: AMZN: Bulls dominate Amazon options as earnings loom. Crude Oil: Talk of Saudi/Russian oil deal on production lifted markets earlier this week. OIV: 64. OVX: 63 Volatility Voicemail: Listener questions and comments Question from Andrew T. - Vega is pretty straightforward but is Gamma really a second-order Greek since it measures the rate of change of another Greek? Question from TBig - You guys always talk about VIX futures term structure and contango impacting products like VXX. But does the same not apply to USO and the contango in the crude futures? What about backwardation in both products - how does that impact ETFs? The Crystal Ball: Reckless prognosticating