President Trump mulled easing Iran sanctions, which prompted John Bolton to tender his resignation
Actual: -6.912M Forecast: -2.686M Previous: -4.771M
Crude oil stocks are expected to decline by -2.686M this week. If we look at last week’s data; oil stocks dropped by -4.771M barrels. It will be important for oil prices.
Actual: 2.3% Forecast: 2.2% Previous: 2.1%
Actual: 1.8% Forecast: 1.7% Previous: 1.7%
Strong growth in non-OPEC supply in 2019-2020 highlights need for producers to support market stability to avoid potential oversupply. August oil output rose by 136,000 bpd m/m to 29.74 mbpd led by Saudi boost. Forecasts 2020 demand for its crude averaging 29.40 mbpd, stead...
TRUMP SAYS U.S. FEDERAL RESERVE SHOULD LOWER INTEREST RATES DOWN TO ZERO, OR LESS
Warns producers not to pump too much crude amid waning global economic growth 2020 global oil demand growth seen at 1.08 mil bpd (previously 1.14 mil bpd) The downwards forecast revision is due to the ongoing economic slowdown
IfW now sees German economy expanding by 0.4% this year (previously 0.6%) Sees 2020 GDP at 1% (previously 1.6%) Notes that German economy likely shrank by 0.3% in Q3 Therefore, falling into a technical recession DIW now sees German economy expanding by 0.5%...
Maintains that Germany is prepared for a no-deal Brexit China upholding human rights is essential while adding that US-China trade conflict is hitting Germany and affecting German export
We are looking at getting a good deal that works for the UK The deal will be different to the existing one
1. OPEC Monthly Report Pay attention to the OPEC monthly report today. The OPEC monthly report will provide investors with an update on the cartel's outlook on world demand and supply at a time when investor expectations are running high that OPEC and its all...
US Pres. Trump fires national security adviser Bolton, oil falls sharply
U.K.: CLEAR THAT IRAN BREACHED ASSURANCES OVER RELEASED TANKER IRAN'S AMBASSADOR SUMMONED TO FOREIGN OFFICE IN LONDON
UK PM Johnson says the UK will exit the EU on October 31st
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