3 Burst results for "nine two million barrels"
"nine two million barrels" Discussed on World Oil's Daily Brief
"Need for an answer after months of discussion, thousands of lost jobs in the industry prices. So this host asked the pointed questions of the Prime Minister but still could not get a straight response about how he's going to stop the bleeding of the industry. And she said, this is extremely disappointing and we expect more from our prime minister now, the CEO of Noaa Charlene Johnson also said despite being presented with facts about the important contribution, our industry makes to Newfoundland and Labrador and Canada and his government's previous investment in a pipeline. Prime Minister did not directly answer any questions but instead may vague references to helping the province and and here's the key line that he said to those folks rather to the radio host that was related. These folks that I think has the. An uproar and that is he made a comment. The way the world is going now I know, but you folks out there. But when I hear a comment like that, it sounds like some kind of green new deal comment and you and I know that the folks off-the-record up there are wondering whether true his turn into a full Lhasa Ming a Greenie up there and if so they're very concerned about what's going to happen to the hydrocarbon industry in Canada's a whole and especially their province and in. The fight they can't get a straight answer out of them just infuriates them even more. So you know say what you will about the US President Donald Trump you may not like what the man has to say but at least usually after he says something, you know where you stand one way or the other, and that's all that the folks in Saint, John's are asking for is a statement of declarative statement I either going to do this or I'm not going to do it, but he refuses to do that. Well in that statement about we'll have to see which way the winds blow or whatever it actually specifically was. Is One of those terrible cop-out statements which he's basically throwing up his hands and saying, you know I'm just going to sit back and let this do whatever it's going to do and. You say things like that. When you know the outcomes not going to be positive but then you can say, well, Hey, you know it was all these outs outside forces beyond our control Cetera Cetera. What allows response however now ever you know there's always a. Corollary, and sometimes maybe you want things to be a little more hands off and I suppose that our neighbors to the southbound in Mexico. May agree with that statement, I guess PEX IS GONNA be revising its budgetary plans for twenty twenty one and I think that some of the Shenanigans of the current and previous administration. May Have some small role in that, but it's going to be. Change you can believe in down in Mexico next year. Well, that's for sure and it it looks like now that Preliminary. Output goal of two point zero to seven million barrels. A day is a bit of a stretch it. It says here. Mecca pex. The state oil company Mexico produced on average one point six, nine, two, million barrels a day between January and July that's below the target of one point three, million a day expected by the Finance Ministry. So together with lower selling prices and we know how those have been. The production shortfall..
"nine two million barrels" Discussed on Bloomberg Radio New York
"And D. A. B. days total eight as a happy to join you Matt this morning yeah thank you so much I'm here by the way to interview Aksel vapor the chairman at UBS which I'm pretty excited about a spell yeah centering all of the high net worth individuals that they serve and Bernie Sanders yesterday put out a plan to tax the billionaires he hopes to cut their wealth in half within the next decade very interesting so I want to ask axle how mobile are these people finally this morning the top stories vying for investors attention all center around political risk in the U. S. Donald Trump is facing a formal impeachment inquire a or inquiry as you might say in the U. K. and there you have your own Supreme Court lawmakers are gonna get back to work after the Supreme Court in the U. K. ruled that the prime minister Boris Johnsons pro rogation was unlawful or really you know what I find interesting. the really the queen is the one who I guess. yes shouldn't have pro road to parliament well that won't hold her responsible because she's just the queen he's responsible because he will at has been said to give her a bad information yeah he gives the advice she does the suspending of parliament on the advice of Polly. isn't she her own autonomous song will lead this country this is the constitutional issue that things are done by convention she the queen usually stays out of politics us that's the issue and lots of cool is of course for the resignation not just of boys Johnson but if of his own advises and leadership by we're gonna get down I she to Anna and rates in just a moment to get into all of this impulse the Supreme Court and zero make is coming back to parliament actually this morning at eleven thirty AM loans in time out live music to walk you through the market's very briefly because as you mentioned it's all about political turmoil in the U. K. and also in the US and not house hate risk appetite you're saying it for example the use of six hundred down by who is one point one percent if it's one hundred dot seven tenths of one percent we saw a lot of red eye for the Asian markets off to the S. and P. five hundred yesterday fell the most in a month off to the house speaker Nancy Pelosi announce that formal impeachment process against the president I'm plenty of all the things that to watch out for we had come in some how he co Kuroda a potential for more interest rate cuts in October the sauce the speculations of that I had a big impact of five year government bonds in Japan in terms of US youth right now we tried it once but six four percent said just slightly lower in terms of you as a German videos on negative sixty one basis points will sit down one and a half percent this morning other things that we've been looking at this morning the dollar continues to strengthen up two tenths of one percent the Japanese yen on the back foot down to ten twenty one oh seven sport twenty eight and the pound down now four tenths of one percent the cable at one twenty four thirty six but interesting I know that you've probably been following this amount which is that bitcoin down significantly over three percent to twenty eight thousand three hundred and forty and gold is it takes a hit but was still close to a has seven year high what in. and the gold spot price one thousand five hundred and thirty one for colds a bit coin got absolutely crushed yesterday literally decimated and then some falling from nine thousand seven hundred sixty five dollars down today to eight thousand three to fifteen dollars for this kind of volatility is nothing new for. the traders let's get down to an ad words right now she is standing by on the green in Westminster and as we were talking about at the top of the show the U. K. Supreme Court has ruled that prime minister Boris Johnson gave bad advice to the queen and then she for some reason took that advice. and now she's not being held responsible but he is thing about the clean. yes I just don't understand because she's not just the queen of England which is a pretty big deal she's the head of the church I mean she's there by divine intervention the ideas god to put her there well and yeah that sounds like the. yes a victim of the faith rather than the forty seconds I have to give you the latest let me get that that the court should be valid but is that part of the space to be her chief advisor and if he's getting bad advice to the queen of isis was seen to be a little close your park in the north and that's why we think call for him to resign called for his advisers to resign because of the people like difficult so many coming to resign his advisers sale at all because it takes we small to resign Weiner he described what we had to clean coal yesterday the case no sign that any of those people are getting anywhere we will be looking for something the flight back from New York and he bought a we get if you're going to speak in the house of Commons that like that day but we will have a statement from Jacob recalls the leader of the house and Michael Davis at this morning the government will fax out eight plan form he at parliament will stop the state from eleven thirty AM local time the question really is what will the rebel alliance that grouping that loose grouping of opposition and Pete and experience easier you nineteen only in the speech of blocking the video will they remain United will they find all the common core and what kind of legislative possible otherwise we'll take we'll we'll be taking the pieces that that's what we will cancel him with. yeah if it was going to get anymore complicated is it you know it it basically is thank you so much on and with a law firm Westminster force this morning and I'm pleased to say that we have joining us this morning Ben page who is the CEO of it so summary of the posing great with us and you know who can potentially owns a some of the questions around what happens next and especially the only do we are we likely to be into election tied to nine the U. K. we are exactly when as okay given us the opposition have said that they on to me Judy going to try and check on that lex and by winning if it's of no confidence in the house of Commons but no one is one is coming up so lately the opposition parties in the house of Commons wanted to be off to they've absolutely guaranteed there's a new deal brexit happens on the thirty first does does not happen on the thirty first of October but at the what's interesting is that until this latest a judgment by the Supreme Court all of the stuff that has gone before the fire the theory the perfect the canceling of parliament eccentric hasn't actually shifted the polls say Boris Johnson remained with about ten often off putting and the weather most accurate in may at the European elections with a ten point lead over labor and so it may be that despite the public agreeing that the Supreme Court was right is not actually going to change the price of fish in terms of political support but we'll see. can I I don't know too terribly much about parliamentary procedure what happens if Boris Johnson resigns now doesn't that leave the United Kingdom without a prime minister would they have to hold elections sooner than later well no because then they'll put in fairy the opposition can then put somebody for to form a government say that if if he's not going to if if if nobody else came forth and said the Conservative Party and that wasn't possible given that they've now not because a majority if the other side could cobble together a compromise and there the name of Margaret Beckett former deputy leader the labor party's been town to this morning as a sort of compromise neutral candidate just to get us through the thirty first of October deadline and extends the net discussions with the European Union so that we don't believe that would be a possibility but to be quite honest the chances of Boris Johnson resigning unless somebody that she puts a gun to his head I think almost zero this is a man who is what dole is like gold he's not going to give up but you know and when he's not going to what you know on the front page of the newspapers you know that that counting the number of days that he's been in office anymore he to resign he would be you know the shortest by medicine as it said but the other point is that if he knows everything Daily Mirror till. yes I try to to move these favors only seven again the headlights the the other thing though is that either you we schedule over the issue that it would be another conservative who would potentially take it because if boys still somewhat to reside it would be somebody from his own party you could then potentially tries to lead ceases stages right absolutely it's just it's just not clear this even another scenario where he gets suspended from the how the prime minister get suspended from the house of Commons for a few day the contempt of parliament say they'll be all sorts of aids today but ultimately we have to see what after all of this dust more of this is going through all the conservative still ahead in the polls yeah this is lance you know that's that's very shy she is what Boris Johnson won't he won't selection to try and secure a majority to get free will this from his perspective okay grace of thank you so much for joining us this morning that Sir Ben page is the chief executive officer of itself Mari I've got to come in here with some breaking news on oil you may see price fluctuation now Saudi Aramco has reached production capacity or come back to production capacity of more than eleven million barrels a day ahead of schedule so it's it is self imposed schedule was a deadline that that they have beaten by about a week according to people with knowledge of the situation he declined to be identified Bloomberg's Anthony to power reporting this all important oil headlines to Saudi Arabia Ramco has restored production capacity of more than eleven million barrels a day ahead of schedule OB cake is the field of course that was attacked by Iran according to the United States Germany France the UK etcetera it has four point nine two million barrels a day of capacity as a as available now and courageous has one point three million barrels a day of capacity as available now. now but over all Saudi Aramco capacity now exceeds eleven million barrels a day in the coming out with this headline if we look at oil prices here we see Brent crude now coming down to sixty two dollars and eight cents a barrel which makes sense because the limited capacity was really the concern on the supply demand curve and we see NYMEX WTI coming down to fifty six fifty two okay so let the geopolitical risk is said she isn't isn't as being in all guess who's here that on to see if you can buy whose from JP.
"nine two million barrels" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Detroit. Two two. Oil prices down by about a half a percent right now on the NYMEX WTI trades at sixty four dollars and thirteen cents a barrel could tell us more about the world of energy is havi Blas our chief energy correspondent for Bloomberg Intelligence, and he joins us from London And you can follow heavier on Twitter @ havi are Blas too. All right havi Oblas two before we get to oil, I just want you to baby speak a little bit about a photo that courtesy of your handiwork. I was able to see on Twitter having to do with Davos and the crowd that was looking to get into the main hall where President Donald Trump eventually gave his speech. He just tell me a little bit about that. I was hoping that you have forgotten about it. Not at all. I thought that was really something because it crush of people to get in. Uh, as you described, I think as sort of like a rock concert. Uh yeah, I was about. An an hour before President Trump wants to leave it in this speech at at the World Economic Forum in Davos, Switzerland, and. I have been in many dabbles meetings, and I have never seen that lobby area in front of the congress hall when all the biggest speeches happen. So pack And now what if before I Speight and I have seen people Lima krone. Kale. I you know, you, you don't see that on any kind of fell almost like a feud yet bags. I assume say a couple of decades bag being a teenager and go into a rock concert undertaken. All the has juice been together crashing into the doors on it. So I tweeted that was quite strongly now the NFL, like Tina is going into a concert at the main defendant. These would see yours. I'm be your nerves. So the most powerful men and woman on the planet in the in the wall of business, I'm finance. So that was quite something to my surprise. I was actually as leaping over my dead President Trump. I suppose it was on Air Force One. So the tweet, so how on out recruited? And then I wake up with five 25,000 notifications on. Mike, two-time timelines to my truck Well, all right. So dad that you become as sort of a at Twitter, Twitter, poster child, A every utterances is going to be a picked over. So be careful here when we talk about energy and maybe we can kind of link this to a President Donald Trump because one of his, uh, signature, uh, sort of uh, perspectives is to allow more drilling in the Arctic a national wildlife refuge to, uh, push more drilling off the coast of the United States, both the Eastern and the West Coast, and also a He's been a big, a cheerleader for a domestic oil production. What is the the change in the US soil production doing to global investments while where we SCN is the US production out almost a ten million barrels a day does the highest since 1979 actively US production. He's just within a whisker of that level. Live was put today by the Energy Information Administration. The a statistical arm of their Department of Energy at nine point nine two million barrels of azo It is going to be two million bar. So they within next two or three week, And that is what is being distorted by President Trump of energy dominance. I 20 percent on broadly has long little four for that. You in these ten million barrels a day, The as his deregulating the to and he's lowering taxes, but I will not have an impact until property a few months alone for now with a taxation. Probably we can see more investment and certainly the deregulation of the sector and a low in drilling off-shore of the United States that's going to take the if not the case to increase production of the country. But certainly we have seen a big increase in production of the United States, and that's one of the recent that despite all the efforts about or pay by cutting production, We Estienne see oil prices really struggling to break new ground. And yet we saw Bram Brice as they you'd Obam benchmark. Dumping about seventy dollars, But that was really short leave because people I studied to pay attention that out while OPEC. It's cutting provokes shale producers in Texas announced wedding, the United States, And really romping output. All right. So what does that tell you about a forecast as it just difficult to predict what I mean? I'm is always difficult to predict what the future price of anything is going to be, but we're going to get results from Royal Dutch Shell tomorrow, and will also get results from Chevron and Exxon of the remainder of the week Wh. What can you tell us about the future of oil prices? Why? I think that we're going to have very good results. Ford up for the trip three company that you mentioned. We have Royal Dutch Shell reporting before the opening of the market tomorrow morning kitty, London, and we have I Exxon on on on Chevron doing likewise before the opening of the market in New York on Friday, The Q force would be a good Monfort all the oil companies prices when Ob, We have good production number from the everyone. So I I'm expecting that priority will on a quarterly basis, Brody, we're going to see the strongest quarter scenes. At least meet two thousand fourteen intense avoid prices for two thousand eighteen a clearly we have seen a big push to watch the upside for an OPEC. Provoked show guts, led by Saudi Arabia with his cutting, even more than is said that he was going to do. But at the same time, We're going to have a ceiling from the US shale producers, which they're gone out really palm a lot more oil. The property. The market was expecting only two, three, four months ago. So broadly where we're going to see prices in in a in a very narrow range, probably with a sixty dollar floor because of OPEC production cards. But any any tender we go about seventy maybe seventy five dollars for brain. We're going to see a huge incentive for US producer producers to two to bump more and unsettling. The price will be cop there. Thank you very much for being with us heavier pluses, our chief energy correspondent for Bloomberg Intelligence. You can follow him on Twitter at Javier Blas two and you can also check out his photographs of from his attendance at the Dover's. World Economic Forum last week, uh, interesting photographs into some images of the excitement that was generated by the arrival And the speech of President, Donald Trump. The did.