Global Oil Production Had slight gains as major producers increased or maintained production while geopolitical tensions stayed relatively subdued outside of concerns over US sanctions on Iran. OPEC pumped 32.85 million barrels per day in September, a Reuter’s survey found, up 90,000 bpd from August’s revised level and the highest…
Global Oil Production held minor gains as major producers increased or maintained production while geopolitical tensions stayed relatively subdued. OPEC crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to US sanctions. The…
Americas US Economy in Q2 2018 came in at +4.1% – a strong number. Consumer spending, net exports and business investment were all highlights, though half of the +1.1% contribution from net exports (imports versus exports) was considered to be the Chinese pre-paying for soybeans before tariffs went into…
Global Oil Production …looked at gains as major producers increased or maintained production while geopolitical tensions were relatively subdued. Libyan fighting took a breather and their export terminals and oil field productions sputtered forward. The four closed ports reopened and, for example, the El Feel oil field was producing close…