37 Burst results for "opec"
Fresh update on "opec" discussed on Bitcoin Audible
"Critics alike were surprised when the boo kelly administration revealed. The rollout would begin just three months after it first announced the law politically book. Kelly's new ideas. Party has super majority in parliament and was able to pass the law quickly. Despite protests from the opposition but technologically no country had ever done this before details have surfaced that in july and august a collection of companies ranging from athena to open node two big. Oh the ibex. Makoto helped debris kelly administration create market and activate the chievo wallets chievo cashpoints and merchant relationships across the country. The government claims to have allocated approximately two hundred twenty three million dollars to finance the bitcoin rollout all taken from funds loaned by the central american development. Bank over the last three months do kelly administration has operated in an opec manner until the last second no one knew which companies were higher to build the apps. Atm's and back end. No one knows what the government is going to do with the bitcoin at bald knows exactly how the one hundred fifty million dollar trust established to provide liquidity for citizens who wish to trade. Their bitcoin for dollars is going to work instead of sharing these details in a traditional manner. Bu kelly leaks them live on occasion through his twitter account personifying digital populism at the same time that the bitcoin bill came into effect. Boo kelly's government also announced that it would be purging more than one hundred judges. The supreme court which boo kelly had stacked with his own supporters earlier. This year also ruled that he would be able to run for another presidential term in twenty twenty four violating the constitution the human rights foundation where i'm employed has been one of many international organizations to strongly criticized boo kelly's anti-democratic actions the contradiction a striking on the one hand. There is a government rolling out a new currency to. It's people that cannot be debased censored or remotely confiscated on the other hand. The same government is following the blueprint hugo chavez used in the two thousands in venezuela to consolidate power only much faster. The situation is filled with contradictions. A grassroots peaceful village based movement started in santa inspired a national forced top down law a money beyond government control was pushed by government that wants to control more and more of salvadoran society. A populist leader forced into law a bill that would not have stood a chance in a country like the us where the financial system exerts such a high degree of control over elected politicians..
Star Gymnasts Give Chilling Testimony on FBI Mishandling of Larry Nassar Case
"Our listeners. There will be descriptions of sexual assault here so if you need to skip ahead. Now's the time but with that. Let's go to christine brennan sports columnists with usa today. Abc news contributor. And she's actually been covering the story since it broke which is years now right christina. What stuck out to you about this testimony yesterday brad. The power is in the platform. A lot of what was said by. Simone biles and allie race men michaela maroney and mcnichols. A lot of it has been in reports or has been printed in newspaper stories and online it. Some of it was new but a lot of it wasn't. I've had to be taken in an ambulance. Because i pass out and i'm so sick from just the trauma and it might not even be after a hearing like this it just hits me out of the blue to have us be reminded of the horrors of larry nassar to see these incredible women especially simone biles. Everyone just watched her six weeks ago in tokyo and all that she went through there i worked incredibly hard to make sure that my presence could maintain a connection between the failures and the competition at tokyo twenty twenty that has proven to be exceptionally difficult burden for me to carry. It is a reminder That that this denver goes away. Never goes away for them and though it in that means it shouldn't ever go away for us and they're survivors of larry. Nassar have a right to know why they're wellbeing was placed in jeopardy by these individuals. Who chose not to do their jobs to date. No one from the fbi. The us opec or usa. G has faced federal charges. other than larry
Fresh update on "opec" discussed on The Sean Hannity Show
"Of different reasons. Most americans are concerned rightly so about inflation. You know why because you see inflation everywhere. The cost of filling your tank heating cooling your home and everything you buy now. I do my own shopping. Every all anecdotally. I can tell you right now. Meet prices are much higher. A pound of oscar mayer thick cut. Bacon is about two and a half dollars more than it was a gallon of. Gasoline is a buck fifty more than i was paying. Well hannity you can afford shut up. I'm just making the point. I can afford it. But i don't like to have to pay more when we especially when we have american jobs and american energy independence and not give a damn about what opec produces doesn't produce or the straits of hormuz. Now we have to worry about that again because. Joe biden is unmitigated disaster. The senate parliamentarian thankfully ruled against the democrats attempt to put amnesty in the reconciliation bill. You know disasters that is so now all of this now in biden realizes remember they kept. So there's there's no crisis at the border is a crisis at the border. It's not stopped. Nearly two million illegal immigrants..
OPEC Steadily Adds Back Production as Economy Recovers
"OPEC and its allies are adding more oil back to the market as demand recovers from the worst of the corona virus pandemic the group known as OPEC plus which includes the oil producing cartel and allied nonmember countries led by Russia have agreed to gradually increase production sticking to plans to add back four hundred thousand barrels of oil per day starting October first the group made deep cuts last year as demand for fuel plummeted with the pandemic prompting lockdowns and travel restrictions OPEC's de facto leader Saudi Arabia is looking to avoid a sudden price drop from adding too much back too soon so the group is moving gingerly as it restores production while prices had dropped ahead of the meeting but rose after and finished the day little changed I'm Ben Thomas
"opec" Discussed on Oil and Gas Startups Podcast
"National security advisor. Jake sullivan on the need for on the need for reliable stable global energy markets. And i'm going to read this out loud in case you haven't logged into. The white house looked at it but basically he says this is quote higher. Gasoline costs if left unchecked risk harming the ongoing global recovery. The price of crude oil has been higher than it was At the end of twenty nineteen before the onset of the pandemic well opec plus has recently agreed to production increases. These increases will not fully offset previous production cuts that opec impose during the prion democ until well into twenty twenty two at a critical moment in the global recovery. This is simply not enough. President biden made clear that he wants. Americans have access to affordable and reliable energy including at the pump. Although we are not a party to opec the united states will always speak to international partners regarding issues of significance that affect our national economic and security affairs in public and private. we're engaging with relevant opec members on the importance of competitive markets in setting prices competitive energy markets willinger reliable and stable energy splice and opec must do more Recovery so this is the. Us white house. The the biden administration calling on opec to increase output. Because they are seeing pressure in prices. Now i am. It is not a stretch to say that this is these. These price increases and inflation in the us in particular is what's driving this so it is not just oil prices. And we've talked about this in previous podcasts. I've talked about this law in presentations. In encountering talking with folks on phone and in in the industry this is one of the first times we've seen especially in my lifetime. I'm in the past twenty years that we've seen inflation high inflation so high food prices high High cost of living a high cost of wage increases in tandem with high oil prices. So we didn't have these levels of inflation necessarily all for all components. Won't we had seen really high oil prices before. And so i think these two things are really weighing and they know the administration knows that this is definitely going to impact on consumer sentiment. And it's definitely gonna impact actually help people feel about the ministration. How will the doing so that was a plea by our nationals secretary National security advisor. Jake sullivan on the need for reliable and stable. Global energy markets necessarily. There's a response in the press briefing which we'll get into because it was talked about opec was talked about quite a bit length so what was also interesting is albert government if you go on their website..
"opec" Discussed on WSJ Opinion: Potomac Watch
"Because i think to face up to it would be to challenge some of their some of their key policies. Well bill brings up this statement about opec plus and it is. I thought it was really remarkable. It's from national security advisor. Jake sullivan on wednesday. In here is what he said. Higher gasoline costs if left unchecked risk harming the ongo be ongoing global recovery He went on to say while opec plus recently agreed to production increases. These increases will not fully offset previous production cuts at opec plus and so he saying it's not enough and kim. I would throw out that. Some of the members of opec plus include such responsible global citizens as russia. Yeah i mean this is remarkable by the way. Just just think about this. Here is the biden guy. Saying fossil fuels are essential to economic growth. Really okay well. This is what a lot of republicans have been pointing out to the biden administration. Sense a came in trying to combat which has been what has been one of the most aggressive anti energy and ministrations in the history of the country. You know just. Since taking office this administration has killed the keystone excel pipeline is cancelled oil. Leasing in alaska his suspended oil leases on federal lands It just recently increased the fuel. Mileage standards for cars It's been using the endangered species act as a way to tie up land and therefore to further reduce drilling on private lands especially in the west And so you know. We have the united states Which is prior to this. Pandemic had become the world's largest oil producer Thanks to a lot of innovation But under biden policies were essentially Making that harder to do And now turning practically begging for opec plus including all of you said like those responsible players like russia and iran to send to pump more there and send their fossil fuels to us so either you believe that climate is a global problem and everyone needs to do something different Or you understand. That energy is a vital part of the economy and you allow people to do it responsibly. everywhere But these these these two messages from biden from mr sullivan are completely at odds with one. Another and that's not unnoticed. That's not gone. Unnoticed by american allies including canada. Here was the the statement from the premier of alberta jason kenney he said the same us administration that retroactively cancelled canada's keystone pipeline is now pleading with opec and russia to produce an ship more crude oil unquote and and bill was also notable that this statement about came right after the big climate report from the united nations And i i mean..
"opec" Discussed on WSJ Opinion: Potomac Watch
"Opinion pages of the wall street journal. This is potomac watch. Welcome back kim. i mean what. What's your view of of. How biden is attacking this issue so far or what he should do in response to these inflation concerns. Well at least for now. He's trying to pretend it doesn't exist. I mean that's why we have the transitory comments that are out there. You also quite remarkably have the administration suggesting that some of the policies that are coming down the road including yet more spending Is somehow going to remedy this. Which is It's crazy talk because again if the issue here is a supply problem and you are flooding zone out there with yet. More transfer payments and money and thereby stimulating demand You're not gonna make the problem better. You're gonna make it worse You know. I think one of the other things too is all of this biden. Talk is sending a signal political signal to the fed that the this administration berry a firmly does not want them to raise interest rates Because they know that's gonna make it harder for them to sell their spending. Things are going to become more costly And you know you have fed chairman jerome powell who his term is going to expire. He'd probably like another run. The fed's not supposed to engage in politics They're supposed to make decisions on the merits but we all know that this creeps in And so let's see what happens in september when it's going to have its next meeting There are some signs that they may have to taper But the white house so far is closing. Its eyes to this or suggesting remedies. That aren't going to help whereas it's not doing anything that might make a difference including pulling back on the spending lever. The fed does not seem so far at least inclined to change. its course But bill about this as a wild idea if we're worried about the cost prices in the economy rising. Here's something president could do by himself. You could take tariffs he could take. Trump's tariffs off of for example steel aluminum coming in from american allies Those lower prices would filter through the economy as as manufacturers bought lower-priced metals And then sold their products at lower prices. I mean there's there's something to me. That seems like a an obvious solution. I'm not sure how huge of an impact that would be but it would be hard to argue with the number of open job openings. That exist out there that that would be harming manufacturers at all. I think yeah. I mean i think the the rest of his constituency in the democratic party Might not go along with that. I mean they haven't been that enthusiastic about free trade. But i think you're right there inefficiencies but that we could address in some of these ways to mitigate what's happening but instead what looks like we're doing crazy things like Curtailing fossil fuel production down the road while begging opec to pump more so that we could lower our prices here The i think part of it comes from the Unlike you they they don't want to admit the basics of the problem that it that it is a problem they kind of recognize it but they can't face up to it..
"opec" Discussed on WSJ Opinion: Potomac Watch
"My wife had sent me to the supermarket and i got you know a few items that if you would ask me without. I didn't look at the price if you had asked me. I would say it's twenty twenty five bucks and it was closer to fifty bucks and so many people were repeating the same thing i mean. People are noticing. And i think that's why the the biden administration's claims that does not anything to worry about. I think that's going to be harder and harder to maintain. Because i think people are feeling it in their ordinary lives in the kind of things you point to kyle. I think suggests that we're going to have more of it. That is not remember so few people predicted that we would have what we're having now right. We were told it wasn't a problem and so forth. I think we're going to have more of it down the road. I don't see how we avoid it. The question then is whether it becomes a self fulfilling prophecy to some extent. I i mean. I look at the business pages and there was an interesting story. I think it was last month. About japan outlay mexican grill saying that. They raise their menu prices this year by around four percent and after that sales went up and he the the leaders of the company said they hadn't seen real pushback from customers They think they have real pricing power. That maybe they didn't before. And so the danger kim it seems to me is that if that becomes the new normal for people one percent here. Three percent there Then the result of that is if you think it's coming next month in the month after when your annual review comes around You're asking your boss for a raise. You're gonna demand at least what you think. Inflation is going to be And then the circle just goes around and around again. Yeah that's that's one possibility. And certainly that's a very interesting anecdote. And i think that one issue though is is that the way people react to inflation obviously Changes based on. What kind of product. You're looking to get especially those that are More of an option versus those that are a necessity so You know. I i don't eat it chipotle. Every day maybe it's just so good people are willing to pay for percent more for their burritos But but but it's also one of those goods that you could potentially forgo..
U.S. Calls on OPEC and Its Allies to Pump More Oil
"The white house is urging opec to boost oil production the group announced plans in july to gradually restore cuts made at the start of the pandemic by unleashing millions of barrels of crude over the next two years but in a statement today national security adviser. Jake sullivan said that those increases are not enough. As countries around the world worked toward economic recovery brent crude fell after the white house's announcement before later recovering the bite administration's move comes as it sought to push back against concerns about inflation
Biden Administration Sounds Alarm on Rising Energy Prices
"Energy prices keep rising and the by the administration's raising alarms both at home and abroad gas prices in the U. S. are up about a dollar from a year ago national security advisor Jake Sullivan says the higher gas costs are left unchecked they could hurt the global economic recovery he's calling on OPEC to move faster in restoring the global petroleum supply to pre pandemic levels the White House is also asking the FTC to look for any illegal actions in the domestic gas market that could be leading to higher prices at the pump the actions come with the administration's sensitive to rising prices across the economy a key talking points for GOP critics Sager mag ani Washington
Caller Concerned Inflation, Higher Priced Goods Will Get Worse Under Biden
"It. But Venezuela has arrived. And Leesburg, Virginia, My husband went to Costco last night here. By five. Okay? Hybrid by for his birthday, our tradition to grill for his birthday. Usually they're $40. Yesterday. They were $90. Wow. We did not have rib eyes last night. It's happening that's like almost double in price, and I'm very scared that it's just going to get worse and worse. I don't want to upset you, but it's definitely going to get worse and you can already see it as I say. People tell me they drive into McDonald's. You can't get anything for really Maybe one meal. A small meal for five bucks used to be able to get a lot for five bucks. You see, the cost of labor is going through the roof in order to keep people working. Even low skilled or no skilled labour because they're competing with the federal welfare state now. That is your tax dollars, So that's driving up prices. There's shortages of items that's driving up prices. And of course, inflation is driving up prices. I went also in Leesburg. To a gas station called sheets and I went to fill up my car. And the the premium price was unbelievable yet it's shot way up and it's not just them. I don't blame them. It's because we were energy independent. Prior to this man taking over and moving into the Oval Office. We're not energy independent anymore. You know, OPEC is back in action. And, of course, Russia gets their pipeline. What do you call these people? If you don't calm, American Marxist, What do you call them? Stupid? He's got dementia. Come on, folks.
Oil Prices Extend Gains After OPEC+ Talks Fail
"Well it it's standoff. Interesting choice of words Let me explain. What's going on here to the best of my ability in april of last year opec and its allies who together are known as opec plus or cartel all forgot choice. Awards there yeah. Yeah opec plus reduced its oil production by ten million barrels a day to support prices as demand dropped through the floor. A man demand dropped because of the worldwide pandemic well with demand rising now this year. Prices have risen. Well well over fifty percent. I believe the latest number. I've seen as fifty seven percent and now in recent days in an effort to curb that spike in oil prices. The opec plus group began discussions just last week to raise production by four hundred thousand barrels a month from august through december that would raise production by two million barrels. Those talks fell apart over the weekend. The opec secretary general set only only. The date of the next meeting will be decided. In due course kind of the equivalent of exactly exactly and oil prices continued to rise west texas intermediate this morning at seventy four dollars. Seventy five cents. A barrel brent crude at seven the world benchmark brent crude at seventy six dollars and a penny of barrel oil prices have risen to a six-year high as gail said earlier and with that energy stocks including shares of like occidental pete and conaco phillips they are higher as
"opec" Discussed on Wall Street Breakfast
"I'm your host. Steve brown our top stories today crisis for opec plus china crackdown and at record highs leading. Today's news saudi arabia and the united arab emirates headed into the boxing ring for another round on monday before opec plus called it quits on a production deal the unresolved spat between the longtime ally saw. Wti crude sore another two percent to near seventy seven dollars a barrel. Further squeezing an already tight oil market and raising concerns over inflation. Ed issues the current terms of baselines or the measure in which each country calculated production cuts. The uae feels its current level of three point two million bpd from april twenty twenty s to low and should be three point eight million bpd when the deal is extended into twenty twenty two but the saudis in russia have rejected any readjustments fearing that other opec members will issue similar demands. What's at stake. Abu dhabi attempting to force the group to accept its request or risk unraveling the alliance at the extremes of the equation. Crude prices could make an outsized move in either direction. Failure to reach a deal could mean crew could rise even higher but opec plus unity may also breakdown risking a free for all that could send prices crashing. That scenario played out last year when a disagreement between saudi arabia and russia prompted an oil price war months after the dispute was settled the uae stirred things up again by threatening to leave the cartel failing to come to a deal may provide some brief upside to the market with reports that output would remain unchanged explained analysts. At i n g however realistically it could also signalled the beginning of the end for the broader deal and so the risks that member start to increase output outlook. The tensions between abu dhabi in riyadh are going beyond oil. While the crown prince mohammad bin zayd and saudi crown prince mohammad bin salman once had very close relations to former husband flexing. Its own geopolitical. Aspirations via foreign policy moves towards countries like israel and yemen the saudis have also called for foreign companies to move the regional headquarters to riyadh many are now in dubai and following the opec standoff the kingdom move to restrict citizens travel to the uae in other news shares a global or off twenty five percent pre-market to eleven dollars and sixty cents as trading reopened after the july fourth holiday weekend. That's also seventeen percent below dis. Ipo price of fourteen dollars. Though many retail investors likely bought in a lot higher triggering. The plunge was a big data. Crackdown by beijing which ordered. Us listed chinese companies to be removed from app stores. Worldwide while existing users can still use the apps new subscribers have been halted while the chinese probes conducted. Dd said the uptake. Down in china may have an adverse impact on its revenue in china but his striving to rectify any problems improve. It's a risk prevention awareness at protect user's privacy and data security also often pre market action. Our truck hailing service full truck alliance co an online recruiting app kansan which are down sixteen percent and nine percent respectively both companies with public in the us. In june bigger picture fearful of their growing influence china is in the middle of a sweeping crackdown. On the nation's biggest tech firms. Last november beijing pulled the planned. Ipo of fintech giant ant group and in april. It hit alibaba with a record. Two point. Eight billion dollar fine over abusing its market. Dominance in may china's antitrust regulator also ordered dvd and nine other on demand transport companies to overhaul their practices ranging from price hikes to driver treatment current investigation china cyber unit is convincing a review of deedee and others to prevent data security risks safeguard national security at protect the public interest. The communist party back global times also wrote that appears to have the ability to conduct big data analysis of individual behaviors inhabits a feature that could require strict oversight by government that is highly concerned with social control. Dd is the most dominant ride hailing business. In china accounting for eighty eight percent of total trips in the fourth quarter of twenty twenty futures linked to the dow s and p. Five hundred and nasdaq are hanging close to the flat. Line following a big week for the major averages which notched fresh record highs in the wake of the us jobs report. Nonfarm payrolls for june showed a strong gain of eight hundred fifty thousand on friday but there appeared to be enough concerns to keep the fed from tapering. Its bond purchases for now while many expect the stock market gains to continue into the second half of twenty twenty. Others are more cautious. Analysts commentary the. Us economy is booming. But this is now unknown and asset markets reflected. What isn't so clear anymore. Is at what price this growth will accrue said michael wilson chief equity strategist at morgan stanley. Higher costs mean lower profits. Another reason why the overall equity market has been narrowing equity markets. Are likely to take a break this summer as things get up. Traders are also preparing for a more hawkish tilt at the federal reserve minutes from the fomc. Tomorrow could give some clues. On the direction of monetary policy as well as the tapering time-line besides the behind the scenes discussions many speculate additional remarks on qe and bottom mind could come jackson hole in august notable statistic over the past three months eighty five percent of all the quantitative easing worldwide had been conducted by the fed and the rising corona virus cases in israel where much of the population is inoculated with the pfizer vaccine suggests the jab may be effective in preventing mild illness from the delta variant. However it's still too early to precisely assess vaccine effectiveness according to ran bowser chairman of israel's national expert panel on kobe nineteen this is because exposure to the variant and the likelihood of being tested or not evenly distributed across the population while there are still over a low number of cases among fully vaccinated israelis.
China Orders Ride-Hailing Firm Didi's App Removed From App Stores
"Ordered APP stores to remove Didi Chuxing dealing a major blow to a ride hailing giant that just went public in the U. S. A couple of days ago, The cyberspace Administration of China announced the ban today, citing serious violations on DD Global's collection and usage of personal information. OPEC Plus, members
OPEC Ups Crude Production as Economies Recover
"The Packers upped its crude oil production levels as economies recover but pandemic concerns remain energy ministers from the oil cartel and allied to producing countries have decided during an online meeting to increase to two point one million barrels of crude per day output OPEC made a deep cuts last year it is restoring them bit by bit the move balance is key is that continuing the nineteen out breaks in some countries such as India a major oil consumer will suck to moan from recovering economies around the globe and weigh on prices I'm Charles de Ledesma
Energy ETFs are surging as crude oil tops $64 a barrel
"Oil futures are having quite a day of the OPEC plus cover to countries met today and decided to leave most of their existing oil production cuts in place. And that Spike the Texas tea features up about 5% right now, $64.33 a barrel The equity markets. Meanwhile, take a turn into the red Writer on 45 minutes Go after J. Powell, the Fed chairman spoke with the exception I should say of the energy stocks. Companies like Diamondback Marathon has Chevron all up between 2.5 and 10%. But there are more losers than gainers right now. Among the activities After a Powell warned that the reopening economy could cause inflation to pick up at least temporarily. Not that he's all that worried about it. At the moment about the 10 year Treasury yield sure took a jump after that, now up at 1.5 to 6%. The S and P. 500 is down. 47 of the Dow is down to 61. But NASDAQ is down to 66. Now the NASDAQ is in the red for the year checking volatility at the at the CBO. We the vics is now up about seven. And half
Oil Rally Stumbles On OPEC Uncertainty
"After a major sell off overnight. We're just short of $63 a barrel RBC, saying that the Saudis are going to signal on March end to their one million barrel per the output cut. Just in the last few moments. We also had another call out from and said they're looking at potentially 750,000 barrels a day that could be taken out. So we wait to
Long-serving Saudi oil minister Ahmed Zaki Yamani dies at 90
"Long time. Saudi oil minister Shake Zaki Yamani He led the kingdom through the 1973 oil crisis, has died in London at the age of 90 food in Mecca. You money had been appointed Saudi oil minister during the 19 sixties as the wealth that oil brought to Saudi Arabia was starting to pour in. He was instrumental in setting up the oil producers organization. OPEC Throughout his long career, he remained a voice of moderation in OPEC, but by 1973 Arab demands for oil to be used as a weapon in the Israeli Palestinian conflict could no longer be denied. 1975 and OPEC meeting in Vienna was infiltrated by the international terrorist Carlos The Jackal Shake your money had been marked for assassination on was only reprieve when last minute concessions were made. To BBC Sebastian Usher the
Long-serving Saudi oil minister Ahmed Zaki Yamani dies at 90
"Made Zaki Yamani has died in London at the age of 90 shake. Imani was best known for his role as head of the oil cartel OPEC in the 19 seventies. He was the face of the oil embargo in 1973 when oil prices quadrupled. He also survived being taken hostage and marked for assassination by Carlos the Jackal. BBC news.
Oil price rally continues as WTI crude hits one-year high
"Wt I crude oil continuing to gain although we're off session highs We've got evidence that OPEC plus is continuing to whittle down on global inventories. Chinese stockpiles now at the lowest level in nearly a year, and earlier today, the government in the states reported that Crude stockpiles in the most recent week. We're down by a million
Saudis Take Charge of Oil Market With Surprise Output Cut
"Cutting its oil production by million barrels per day as the state of the global economy remains tenuous most other members of opec will keep their production stable. More from npr's camilla domino. Some oil producing states are eager to boost their oil output as they hope vaccines will eventually restore oil demand but saudi arabia. The leader of opec is worried about pumping too much oil too soon. So the saudis announced a surprise cut which will reduce saudi revenue but prop up oil prices overall. Here's saudi energy minister prince abdulaziz bin. Someone tweak other cartel members will hold production steady while opec ally. Russia will increase output slightly. Us producers who do not participate in opec cuts will benefit from the saudis pushing prices up already. Us crude prices hit fifty dollars for the first time. Since february camilo domino's npr news wall street. The dow is up
US stocks rise in morning trading as 2020 winds down
"Right now. They are moving higher this morning of this holiday shortened trading week. Looking at Dow Futures are up. 80 points a trading his thin by the way, But on the agenda today for investors pending home sales data will be out 9 a.m. your time. Oil, pushing higher on the third weekly decline in screwed stockpiles Oil $48 a barrel, However, trading is thin, too, in that market inventory data will be out later this morning. OPEC meets early next week We're the group will decide whether to add an extra 500,000 barrels a day of supply to the market in February, Saudi in Russian officials have reiterated their commitment to the group's agreement to support oil market stability. And Apple has a lead over Amazon is this year's best performer among large tech stocks. Apple is now up 84% for the year after rising 13% this month, according Donahoe Bloomberg Business on NewsRadio, some 40 ktrh
How Will Natural Gas Fare in the Energy Transition?
"Welcome occurred oil on a wild ride today. After opec slashed global oil demand forecast for next year the organization citing harsher corona virus crackdowns across the globe energy so the worst performing sector this year. But our next guest says there's one name the space that is fueling up for some gains. Let's welcome back kate fateh. Ceo of grace capital. Kate great to see you again. You're looking at chenier energy. What's your top reason to be engineer. So okay bottom line. The world needs energy. Okay so there's a energy demand story and then those chenier money story. We all want energy the comfort of knowable sources. But this is not possible. Can we need an src. Balance sustainability and reliability and cost Energy gas. Natural gas is the way allergy can play the role chenier exports allergy globally. If you can believe it melissa. Twenty five percent of energy globally still comes from coal. Imagine natural gas replacing all of that. So that's the energy story in terms of chenier seven percent growing dividend. They probably went through the worst environment for energy this year and they made it valuation this cheap. The fundamentals are good. There's no commodity price risk. These are take or pay contracts. Okay that means they get paid no matter what there's no volume whisk there's no price rates so that that's why electioneer and that seven percent dividend is therefore covered karen. You've looked at this name in the past. I'm just wondering if i hear what you're saying about tigger pay contracts and that that's a steady stream of income which is good and investors like what about the longer term biden administration if they're against fracking. We'll see maybe they supply of natural gas available to be in a pipeline ship decreases. Does that worry you. At least you know we have the. Us is awash natural gas. We probably have a hundred year supply of natural gas fracking. No fracking so natural in. It's really cheap. Natural gas is like really cheap. Right now So it's not something that keeps me up at night. Do you have to believe kate. In the overall energy story in order to believe in chenier or can you see the sector overall sputtering little bit if you will. If they're more lockdown place in the short term yes you can see that bottom line. The world needs energy. i would love for. It's all come from solar wind. Biomass were not there yet. And we're not going to be there for a while so you need energy. Natural gas is better than coal gases. Better than oil. And that's why. I think chenier is the way to play it again. You don't want you're not worried about the price will going up going down. What's going to happen opec this that note kate. Great to see you thank you.
Deadlocked on oil production cuts, OPEC and its allies to resume talks
"Heard right now Lower $44 a barrel as OPEC haggles over output policy. OPEC's discussions are now focusing on proposals for a gradual easing of production cuts over several months following talks between Russia, Saudi Arabia and the United Arab
"opec" Discussed on Wall Street Breakfast
"Oil demand ac- normalizing to previous levels by twenty twenty two. There is no doubt that nicola will be closely watched next week with the expiration of a share lockup and the company facing a deadline for completing anticipated partnership deal with general motors. Shares of nicole has been swinging wildly over the last few weeks. And we'll large technical selling pressure after december. I if insiders decide to take profits including founder and former chairman trevor shares of nicola are up more than forty percent over the last six weeks the week ahead could see more focus on the implications for the tech sector of a biden presidency and gop senate geopolitical risk has been hanging over the heads of apple cisco and semiconductor vendors highly exposed to china from a supply. Chain perspective reminds wedbush securities. Analyst dan ives. In addition there is also alphabet and facebook. Which could face less regulatory pressure under a split government scenario a second key dynamic. Play out in the tech world over the next twelve to eighteen. Months is the secular growth areas around cloud and cybersecurity. That are seen eye-popping demand trends. We have not witnessed in our twenty plus years of covering tech stocks on the street noted. Ives he says stalwarts. Such as microsoft and salesforce are front and center on this cloud path while the underlying infrastructure and platforms enabling. This shift. Stand to be major benefits of this spending surge. Global look alibaba. Tencent and by do look position. Strategically to benefit from the acceleration of cloud spending across the us europe and asia pacific us auto retail sales for november are expected to be up nearly three percent from a year ago when adjusted for the same number of selling days. According to a forecast from truecar fleet. Sales are expected to be down. Twenty one percent. During the month average transaction prices are projected to be up nearly five percent from a year ago. Total sar is expected to decrease four percent from a year ago to sixteen point..
What Is The Future Of The Oil Industry?
"Oil, and gas powered a century of economic growth and damaged the planet's climate in the process which leaves the oil and gas industry in an existential panic in the short term, demand is down because of the pandemic in the long term. Well, there are two new reports out offering very different visions of the future NPR's Cumulus Domino ski covers energy and joins us now hi Camilla. Tell us about these two new reports where are they coming from? Yes, so they offer very divergent perspectives and let's start with the idea that oil will come roaring back. This is assuming that once the pandemic is over, someday, it will be over and the economy will recover oil will come back a demand will be there. The developing world is GONNA guzzle more and more of it back to business as usual. This is the view that was laid out by OPEC, cartel of oil exporting countries in their annual report called the Wu. then. Yeah the WOO WOO oil. Then there's different version of the future that was laid out by the International Energy Agency which a very influential group they said maybe that happens, but maybe the world takes action on climate change and if appropriate action is taken, oil demand could start going down and might even have peaked already. So is the main divergence in these two reports the assumptions about whether the world will take climate change seriously and to to slow it down. Yeah. That's the fundamental disagreement in this debate has been around for a long time while the World Act aggressively when will that happen? When will oil peak but right now this pandemic, which is you know we use the word unprecedented so much but something unprecedented has happened. There's a dramatic drop in demand for oil massive job losses across the sector, and that has made some people wonder could something else unprecedented happened? Could this unusual moment lead to an unusual level of action from world? Governments Arrive Faster or are you OPEC and you look at this and say the pandemic is just a blip and we'll be back to normal once it's over I'll note to there's there's one thing that both sides and pretty much everybody agrees on which is that the current pledges, the policies that are in place from world governments now are not enough to keep global warming at the two degrees Celsius that was committed to Paris or to shift the world meaningfully away from relying primarily on oil. So. That would require a huge transition from from what's currently happening or oil companies making those kinds of transitions i? Mean they have to make decisions today based on which one of these two futures they think is the most likely, right? Yeah. Absolutely, and you can see that split playing out a company's just to take two examples Exxon is doubling down on fossil. Fuels predicting a future in which there is still robust demand for gas and they. They'll be there to meet it meanwhile BP formerly British Petroleum they're they're projecting the world might be moving really aggressively and in they want to be there pivoting renewables trying to figure out how to make money money on a world that's transitioning away from their core product Some investors Nicole about so companies right now are placing their bets betting everything on which version of the world they think is more likely. It's hard to imagine any higher stakes here not only the future of those massive companies but like the future of the planet potentially literally I mean Exxon is right on the future is a lot like the present we're. Burning lots of oil which has had the disastrous climate consequences that we see unfolding and if BP and a lot of European super majors are correct. Then governments around the world might penalize carbon emissions, promote renewables. It would mean huge shifts in the energy industry, but it would help prevent the worst impacts for the planet like you said, NPR's Domino Ski. Thank
"opec" Discussed on Bloomberg Radio New York
"Production cuts which came on top of the OPEC plus supply curbs will cease at the end of this month as the medical coverage that means the cartels told supply reduction this month old almost eleven million barrels a day will taper gradually in the coming months it created a better atmosphere for mold pretty get a mold understanding here yeah hope and wish that everybody conduct themselves in a more appropriate to and most of the limited way I would say not appropriate but most committed way so it said its purpose that's good morning this we're gonna come out he's the chief economist at Abu Dhabi commercial bank got Monica would you say that enough has been done from OPEC plus at this point to put a firmer floor under these oil prices I think so or anything oil prices move above forty dollars a barrel of Brent crude it's both the supply side a document from hospital so by death but also the greater confidence on on Tremont as the company's stock create clothes and the other side of the company economic activity that still remains the number of questions how that goes full lips the buildup in momentum into models but I think a big part of of the communication from the Saudi oil minister it is that they want to make sure that all countries meet that quota production costs well other than the button being on site they radiate UAE and Kuwait okay good morning tea it's Manistee thing that Darren lies perhaps part of the carrot and stick I applied by society the UAE and Kuwait when they pulled back side he's going to pull back from the acts of violence three counts that they made in June so to a certain extent this is you know a carrot and stick they they had what one point two million barrels all of additional reduction in I put yeah and I think that really shows that the educational caught reading was was hit with the news by the main uses to help rebalance the market and again if we look at the message after the OPEC plus meeting one side of it is to to increase confidence in the oil market that Jackson's extend the the initial two month production caught by another month before tapering the overall production by the group but Wilson it's it's very much that all the producers boss how flight behind making that commitment need to get to that level and the the the longer that the G. C. C. countries could produce less than that committed amount will will will allow others to to not meet that commitment so it is very much balancing bringing confidence back into the oil market but making sure they don't carry a greater burden are they happy then money so you have this whole debate as to what extent the Saudi economy is getting affected by all these disruptions one important indicators of course the three month cyber war and also the I or the United Arab Emirates in terms of the helpful financial conditions of what is your analysis what we've been looking for it because he is the cricket team in the banking system if you remember the twenty fifteen to twenty sixteen I've heard the G. C. C. it's called fly again because of the low oil prices usually the quickest heating the banking sector dry out the company reporting requirements increase on this time around we haven't seen that happening making sure that the conflict between the banking sector would be one of the key pillars of the policy responses especially in the UAE patrol says in part the ingredients well you know because the liquidity measures to increase government deported sitting in the seat you eat that creep going eight coal over things and making sure that they are liquidity said bye to continue to end the real economy I'm trying to put the real economy hearing this kind of it nineteen crisis when I was not the time the cuts I mean that seems to be that the sentiment from around the world yet you look at the restructuring that sad Saudi Arabia implemented think one of my GA's yesterday said the site was essentially kitchen sinking everything that they really wanted to try and achieve under this umbrella how do you how do you analyze that kind of thinking well I believe he I mean you're looking at a space to fight they called me only one flight across the Arabian house because it makes sense the widening in the fiscal deficit so we've seen for the P. eighteen truckloads in on this week quite a help in increasing and you can't help but at the other hand you you have to balance it with providing essential support to the economy to try and limit the the extent of the ticket nineteen crisis and again going back to oil prices finding support for the oil price it's great to be central to Saudi Arabia for the hospital reduce the pace of of physical attraction for quiet at the time but that you know the government remains the key driver to mom couldn't they called me so you're you're walking in a very very close balancing act and I'm a big part of Dr Olson's bomb and making sure that there's ample liquidity in the banking system they increased injected the culprit did this man plan has that this is an area that looked very tense he asked what is going to run a number by you and in fact the Bloomberg survey suggests that for the budget balance in the twenty twenty one the forecast is for a deficit to the tune of about eight point three percent it does that add up with what you factor you we've been crunching what prompted a large deficit and we we expected to be in in the double digits we we expected to be around fifteen percent of GDP by our current estimate of course it is oil prices continue to gain momentum stocks will be critical but also one thing that will be very important if I how much is the government going to pull back spending even though they announced that the reforms inmate that we've discussed before a critical point that the finance minister has made is that actual government spending will be in line with with the budget it's about because you're going to see increased spending related to healthcare and and the support system so you know I I think that you know that that is still the law requirement for government spending awful console already implying a deeper cuts and then been mentioned by the finance minister says that holds I think he's very critical for the deficit but given level eleven and the outlook for oil this yeah I think it's double digit deficit looks likely in our view okay Monica I stern warning them on economic chief economist at Abu Dhabi commercial bank thank you for joining yes if and.
"opec" Discussed on Wall Street Breakfast
"No great surprise but jobs are going to be a major focus again next week after over. Six million jobless claims came in J. P. Morgan forecast another seven million. Unemployment claims will be coming down next week and some estimates even higher other economic reports of note include the Jolt Update and a check on consumer prices while the FOMC. We'll drop the minutes from it's latest meeting to the delight of fed-watchers in earnings news is a small group. But simply good foods reports on the sixth greenbrier Revlon Levi Strauss and Lindsey report on the seven price smart on the eighth and Delta Airlines shock medications and W forty report on April ninth in. Ipo News no hence company going public next week but IPO share lockups expire unbiased HP financial and Vir biotechnology analysts can also start covering Amara. The biotech stock closed at over fifteen dollars on Friday after the IPO. Was priced at sixty dollars per share in Emma News. The tender offer on the forty seven Gilead Sciences deal expires April. Sixth shareholders vote on the Annex. Ter- International West go international merger on April eighth and look for more indications that the CAESARS entertainment Eldorado resort steel and Delphi Technologies Warner combination. We'll make it to the finish line. Traffic at Costco stores has finally tailed off. Just a bit. Amid social distancing efforts the retailers report on March sales has the potential to be quite the head-turner as a reminder costco so US comparable sales soared twelve percent in February as the consumer stockpiling trend. I started to take off and the consensus mark for COSCO'S Q. Two comparable sales. Us candidate and international. Is that a healthy nine point. Three Percent Buckle Kato Price. Smart are also in line to issue monthly sales reports airline. Traffic reports will start arriving next week could include some color on the devastating impact of the pandemic unload factors earnings and the government aid late on Friday jet blue warned of a crash. Crunch Delta Airlines said it's burning through sixty million a day and United Airlines. Set the high water for distress by disclosing that. It's losing one hundred million a day. It's likely to be another week of volatile trading for airline carriers the car on April seven through the eighth has switched to an online format due to the pandemic the All star roster of speakers includes executives from mercedes-benz. Google iheartmedia Lincoln Ford an Intel. The expected timeline and uses for five G. Bay cellular connectivity into cars could be an interesting topic. The restaurant industry will be put to the test again next week. As operators continue to look for takeout and delivery work arounds to keep at least some revenue coming in analysts expected industry could look different on the other side of the pandemic..
"opec" Discussed on KOMO
"Perfect storm if you will on Wall Street got the continued worries over corona virus we also have two major OPEC nations Russia and Saudi Arabia refusing to lower production levels even though demand is down because of the corona virus and what's happening right now is we're seeing oil prices I think they take twenty percent today when you see something like that happen investors get nervous when investors get nervous they sell and it sold to the point that it triggered the first brief stop in trading in twenty years today more than twenty years so those were automatic brakes the kick in anytime there's a swing that gets up to be a little too high for the market's liking absolutely that's what happens what happens is when we drop below and we're talking about the S. and Peter not the Dow the S. and P. when it drops below seven percent one of those automatic tripwires is activated and trading will stop for fifteen minutes that's what happened right after the opening bell today no it had it dropped thirteen percent it would have tripped another one of those trip wires if you will and if it drops below twenty percent trading would have ended for the day now that didn't happen but the market's never really recovered much from that seven percent drop in fact they closed lower than that tomorrow are the experts predicting some bargain hunting that's always a possibility when we see the market forcing the markets closed you know this low but then again you don't know what's going to happen tomorrow if you have the stomach for campus over to either to buy the dip you know a lot of a lot of experts would probably say go for it but for the average investor it's probably time to to kind of hold on right now you know that's a good point holding on for right now and at some point lease the experts are saying with all this pent up demand that they're obviously going to be some institutional traders are going to have to get their money back into the market absolutely I mean it and and that's a lot of times you know when people do come back into the market they they do it when it's it's this lo and the bilo and the you know and they wait for high but then again most of us you know are not are not that kind of a savvy investor so if you have questions right now it may be the time to talk to a financial professional find out what your risk tolerances and make changes accordingly at that point A. B. C.'s Derry helping her time now to guess the como afternoon sound bite what I want but I just stop right now holy mackerel so be the first caller to identify who sent it in with a fifty dollar gift card to Daniel's broiler the official sponsor of happy hour with the finest appetizers and drink specials from four to six.
"opec" Discussed on KTRH
"Posted on social media sites by people who should know better the reason the stock market took a plunge today nothing dramatically changed in the corona virus discussion the reason the stock market took a plunge today was because the OPEC meeting went so badly over the weekend and the Russians walked away from that's why they halted trading earlier that's why there was a selloff but the long term players I'm not going to give you financial advice but never ever will I do that but I will give you my opinion as to what's happening in the market my opinion as to what's happening in the market is a lot of people are frightened as people tend to do and they go oil prices down problems with OPEC coronavirus fears and there's immediate selloffs but the long term investors are going to be buying this week and I don't know how long the long term is going to take but three to six that that's my prediction with Gerry why do you think there is but let me go back for sure based on your experience as a P. would you call yourself a Pullman knowledges you said you're a long dark what what what correct I'm a pulmonologist and critical care physician all right so one of the things that keeps coming up in this is that elderly male smokers are at greater risk in people with COPD what about the corona virus is it the if you have a weakened respiratory system what about that is the problem well it was influence or any respiratory disease whether it's a bacterial pneumonia or viral pneumonia the likelihood of getting a more severe reaction when your lungs are compromised is intuitive and I think that when risk influenza coronavirus are respiratory illnesses people with respiratory diseases that have just a more difficult time fighting that off and to have more serious consequences so he is if you were predicting where this coronavirus thing goes do you think we've leveled off I mean they're they're two different questions and you kind of alluded to those one of them is how contagious is this thing and the second was you use the term virulent or deadly or dangerous so it could be very contagious but not so deadly or not nearly as contagious but very deadly and out of those permutations and combinations which where are we I'm not sure we know all our basic we there is a sense that this may be more contagious just because of how quickly it is reportedly being spread in different areas of the world not here in the United States but in different areas even that I'm not sure who's has been will well today is I don't think we have a sense yet is it more very light is it is it really more disease producing move and say employing the self and the numbers with employees are staggering we don't have those kinds of numbers with coronavirus are you making any changes in your personal life to your behaviors as a result of this no your answer but no do you think having some simple simple contagion respiratory droplet wash your hands clean services simple things are probably doing anyway and when most people are doing when there's an influenza I'll break I think those are those are reasonable but I don't really see any superb over the top when does the flu season typically start soon we'll usually starts in the United States around December sometimes early in November but around December and will make its way into early spring March April so we're not out of the woods yet well the numbers or the two cities here are posting for up to this week but we're still we still have some influence of this being reported yes I read over the weekend that on February twenty eighth the of each year the who the World Health Organization gathers together doctors from around the world and they discuss what strain they think is most likely for this year once they agree on this is the strain we predict for this year then they go back and begin building stocks of that to be ready by October to begin flu shots and that that's the reason that it's only about thirty five percent effective is they often get it wrong is that what you understand to be the case memories of the influenza isn't there this year's best gas from last year's influenza and expected or anticipated mutations of the virus that's why you typically seen forty to sixty percent success rate in some years when we got it wrong like a couple years ago at around ten percent and so vaccines can certainly help but it it's not covering everybody from the peninsula do you get the flu shot every year I do because working at hospitals they mandate that you do but two years ago I got the flu shot and then I personally got wins and and having to work through it but if I do get the flu shot because it's mandated by governmental now and the hospital mandates that any act many people working there have to have a flu vaccine do you have any I would not have normally this last year but where do you yeah the bottom line is yes I used to get a flu vaccine do you have any life hacks as two good ways to improve our immunities overall things that you actually buy into I was reading that vitamin C. is over rated that we think it's the panacea but it's not have any thoughts on that I do not think it is a panacea you know this is interesting in that you know I keep saying that word but all our medical advances we've medicine cannot cure the common cold this is certainly not the common cold but what I'm saying is that our our insights on treating viral illnesses and the medications we have for treating viral illnesses do not compare to those we have in the bacterial world we have lots of different antibiotics moulder coming out all the time but we just don't have that same capability with viruses and so we rely on our intrinsic body's ability to to fight things off why don't we have that same ability that's a good question I I know they are working on that part of it is just the nature of the virus the virus is very small much smaller particle it replicates differently than bacteria it's a really a completely different organism and it is completely different from correct seem to still seem to be the more the more logical initial approach but then we do have some antiviral things we give for influenza it is just that it really has not been satisfying however can you hang on for a minute yeah I want to ask you if you're the king president appoints you the king of our entire corona virus in anti flu.
"opec" Discussed on WSJ What's News
"Our main story this morning CAPAC the oil cartel members and partners are all gathered in Vienna today for the start of a two-day meeting. It's a big moment for the past few months. It's members have cut oil production all in an effort to increase oil prices. Now the question is if the prolong those cuts or if the let them expire. Ask planned in March David. Dari is at the meeting in Vienna. So David Walk me through the backdrop of these talks. What have we seen in terms of oil prices and oil production so the backdrop of this meeting is over the past few years OPEC and its allies have been implementing oil production cuts? This time around is is An expected increase in supply in the first quarter of twenty twenty including but not limited to rising. US show production on also. They're all all fares about demand not limited to uncertain economic data in part linked to the China trade war oil prices. I would pass you. Today's have resumed on hopes. That OPEC may deepen its but they are historically speaking relatively low on one extra element of this. That meeting is that Saudi Aramco the world's most profitable company is going to be announcing a IPO price on Saudis. Best interests to support prices because in some part the success of the I I is linked to stupidity of oil prices. So who are the factions factions at this meeting the factions at this meeting four and two maybe three broad categories. You've got the Saudis and it's in their best interests to to support or prices as much as possible They've got the ARAMCO. IPO TO PROTECT On they've been over complying with The cut quotas. They agreed to pardon pretty much full. Most of the period of time. This deals being in place. You've got the Russians who are the leaders of the plus function and In OPEC plus on data really want to cut from much longer on a certain debt. Really want more deeply They are working on concessions from the rest of our plus for that content sites they just want enormous new pipeline with China on the base wants to produce as much as they can but they see the benefit in supporting our Saudi allies on the third main function is probably the under complying OPEC nations and particularly the Iraqis on the Nigerians. When when the Iraqi minister arrived in Vienna choosing night he was quite put about about the idea of Deepa cuts? Even Iraq hasn't been fully complained for most of the deal so far. So that's a little bit like saying let's let's go to a more expensive restaurant but the service can pay now. Haven't we been reporting that instead of a cut. Saudi Arabia and the run up to the meeting has been threatening to unleash even more well oil. How does that factor into these discussions? The Saudis have grown. Pretty tight of shouldering more more than that fast. Sheriff these cuts on their own and in the days before this meeting that even threatened to do away with cut soul together ramping up. Production and essentially crushing global news prices. You some of the spoken to so that would be a moral victory for the Saudis. They don't necessarily think it's option though seriously. Consider Okay so the meeting concludes tomorrow. What our market's GonNa make of all of this? There are three possible. Brewed outcomes uh-huh and for markets. At least on Friday number one would be a barish out can probably a rollover of just three months. I taking deal to June twenty twenty. I don't think that would be enough to support oil prices right now and nor does anybody else that seems a middle way option. Might be a a six month rollover with not the cuts and even then some of the people have been. You don't think that would be enough and a sort of third basket of options uh-huh either extending by twelve months or deepening cuts on the figure. Full hundred thousand barrels a day extra has been touted that would take cuts two point six million barrels a day cut. Either of those last two options would probably be taken quite well by markets. You can find Oliver reporting on the OPEC meeting as it progresses up under.
"opec" Discussed on WSJ What's News
"Opec has agreed to extend production cuts into the first quarter of twenty twenty the agreement comes after russia and saudi arabia announced over the weekend that they would maintain output put levels help support the oil market wall street journal's oliver griffin has more from vienna what we know now is a member nations wishing various countries like saudi arabia iraq and iran they have agreed to extend that the production of one point two million barrels a day so the next nine months which will take us into twenty twenty how is it will be otake plus meeting on choose day which will confirm whether or not allied nations which is led by russia biggest producer among series known member countries have also signed up to be agreement opec meeting him during heightened tensions in the middle east end among members of opec tensions in opaque come from regional issues between ties like the gulf states and iran 'em included in that is it raining concern russia which isn't amend the i'll be cartel has a bit too much influence on the group's decision making a blight 'em to that extent consensus of between member nations is also being touted fire on his refusal to endorse ater don't get time partnership between are packed handy russian lead on ice griffin says those tensions are influencing steps opec is taking down into places you're making specifically to ways how that might affect eight longer term deal with russia now obviously with russia being healthy lodge producer it is it's important to the group's naked on without i liked nation but while iran is not keen on the idea of russia having quite so much influence amongst those nations it was kind of joking act so members of that group to sort of show it won't be derailed by iran deciding not to get on board with that number ten partnership opec conclude this meeting in vienna on choose day again wall street journal oliver griffin on what we can expect we can sort of gas that russia will agree to a road i hope this nine months caught which will sort of corral v other allied nations into green to do so is well how is it the concern will be whether or not russia will later maybe cheat on her innate slightly on that and that will mean they do not comply with those cuts on produce more than they had said they would not say whether or not they maintain that agreement throughout the rest of the nine month period wall street journal is also reporting that opec is negotiating a long term deal to cooperate with russia for the latest details on this developing story please head to our website wsj j dot com now onto a ron which announced monday that it had breached the limits set by the twenty fifteen nuclear agreement on its enriched uranium stockpiles iran had earlier threatened to exceed the three hundred kilograms cap amid rising tensions with united states joining me now from brussels with more details is wall street journal reporter lawrence norman lawrence this also comes as the five five remaining countries in the nuclear pact that being france.
"opec" Discussed on World News Analysis
"Atlanta. Announced by open. What about the United States? We know the United States is now the world's largest oil producer. How do you see the US adamant behind this issue? And also the future of OPEC. I just think the United States is very happy to see this disputes and the fictions have happening an OPEC because. In the United States of long did not like like the work of they wanted to week and Opie. I think such a move taking other would make the United States have you because this would endanger of at least to the unity of the open. And OPEC members will have their official meeting this Thursday and Friday. What should we look at from this meeting? I think they will try to be little custodian move day was try to make the days, it's mind, and of the of have changed their mind understand to pick. They would they would announce special move with not in danger or affect the unity of of of of all these propaganda issues will be used, but I think they will try very hard to keep the cuts out as your station. Been to talk and bigger issue is that cut har- says is trying like to focus on natural gas oil away from oil Saudi Arabia says a beliefs is future must be diversify rather than solely relying on. All you do. We have a clear picture of the energy diversification. Plant in the Middle East. Drugs has been going have been going on for a long time. But unfortunately, have anything of and then the depending on all was the main thing, and maybe she on the cuts of is depending also on God. Exposed. So I don't think. The the the the governments of the disease all of the go come have a clear plan of on how to divested by because they don't have only they only have all your gun and guys. I don't know what they could do something. How could they do something about these tuitions? Thank you very much, professor.
"opec" Discussed on World News Analysis
"Biggest exporter of liquefied natural gas, global financial analysts, Peter Dixon of the Comerzbank system. Hostas in doesn't have much effect on OPEC's influence over the oil market. You know, I don't think it makes a big difference certainly with regards to crude Qatar is very small player in this guy. I think we can only look at their decision to leave OPEC some full of symbolic gesture quite what the tell us this what entire show OPEC. Members are expected to cut oil supply at a meeting in Vienna minister of state of energy affairs. Asad I'll copy said caught har- would steal attend the groups meeting on Thursday and Friday, adding that a decision to exit OPEC was not political. I think Qatar has been on the great pressure from some of its neighbors in the Gulf for some time now. So it is slightly surprising. That is pulling out then claiming told a political issue. I it strikes me can only be that peck members Saudi Arabia and United Arab Emirates and the fellow Arab states, but rain and Egypt have imposed a political and economic boy cut on cut har- since June twenty seventeen the accused cut har- of supporting terrorism a charge denied by Doha. Now, we have Saad Joe what professor of the Lyndon school of. Economics and political science. I senior fellow with the Middle East center. So professor Joa. What do you think Qatar want to quit OPEC at at this moment because we heard cutters? Energy ministers. Say the move is not a political. They are just trying to focus more on natural gas. What you could say what you wants to say. But this this move is boxing, long political move goes. Chillers that. Cuts rooms to give an example, the other Gulf country that they are not going to stay and does this actions on on the Bill how about for a long time this move, by the way could be them. If they think again, he moved to of leaving open, then they could take another day remove of movie and even the cons of community constant. So I think it's the bullet could move and very dangerous indication to the unity of the country. Estimator oil exporter, which leaves the alliance. Isolating caught Har what might Saudi Arabia think about is. Are there any major geopolitical consequences where going to see? Well, I think Saudi Arabia is worried about this move because oh go up not that big member of the OPEC. I mean big export volume in this in this is Asian but denies ation. So, but it could leave to other countries using this is this of basin like Ron, and this could weak and even more of especially when they feel that the oh the decision is in decisions in OB of them Nate by those Abia by. Imbalance by the unite. Now, it's being argue the move by Katara doesn't have much effect on OPEC's influence, but still this country has been a member of OPEC for fifty seven years. So what could be the implication of this move on OPEC and also the general world oil market. As I said, it's not a general in his because the share cut that husband in this action plan is not that big. But as I said, it could lead to other countries to leave the Belgian this happened in two thousand eight degrees here. Left of denies Asian although came by to to all day should again. But it's good to something like that. And this good. I've been this could endanger the unity of the addition also that ten members producing countries have not I've done member of OPEC who are cooperating with up when they see such who maybe they decide not to anymore with any reduction of Oriel ex..
"opec" Discussed on Green Connections Radio - Insights on Innovation, Sustainability, Clean Energy, Leadership, Entrepreneurship, and Careers w Top Leaders, Women
"Well that's a generally good business trudgy to begin with which we could talk about for hours i think actually to be honest with you but let me back up a second why should the american american business people an american consumers care about aramco and ipo ipo will probably be the largest in the world as of yet in fact it will be it is likely the most valuable company certainly the most valuable oil company and it's important to understand not just for markets and for you know investing in stock market and things like that but one of their issues that it brings up is that oil is still an extremely important commodity and even as different economies are shifting towards using other sources of fuel we've been seeing growth of electric cars we are seeing much more pivoting towards natural gas then oil to feel power plants things like that and you'd still well is very important not just for transportation but the saudis in fact have been investing very heavily in petrochemical plants that make plastic and no matter how renewable energy sources are we all plastic and so it's important to realize that these are the kinds of things that affect their daily lives and where they come from and how they're being used and what the future is with them well that's a very good point i mean there's a big movement to reduce plastic obviously as you well know but people forget that plastic actually is made from petroleum based products of really glad you pointed that out how much control does opec really have today pick certainly has a lot less control over the oil market than we think it has and then it has had in the past at times when oil supplies are tight meaning there isn't a whole lot of extra supply in the world opec definitely has more influence especially because so d arabia has always had much more significant reserve capacity than other producers so that means that it's able to increase its capacity beyond what it's producing see their capacity is about twelve.
"opec" Discussed on The Kinda Sleepy Podcast
"Damn it larry that's another nazi ism we got i can't put it on a teeshirt each game wipe with like with this person paint it only of him out of the don't think this is why we can't have nicely this is also widely as won't visitors in case you wonder hill back we got satellites shut up to medium she said white women a but shane opec you know she opec but also okay let's talk about outrage culture for just a second i don't want to get to wrapped up in his we only got a little bit of time we we took away low time today but i had a really good time talking about everything we talked about lewis and daca check us out on youtube items wrote tune in radio after the night we should be on iheartradio so uh were definitely all facebook we're all over the place so you guys can check us out all over the place so um list this talk about outrage culture why is it that some people seem first of all mop like gazza snap boycott black panther now i'm going to black panther address like as a as a moaned in i'm going to blacked out the drizlycom a special forces in the will carling army in at pavel as wrong which you that did you this isn't seraphic of these iran challenges that europe and you believe me that thing i think is an apple impede this should never have a piece or or look anyway let's talk about outrage coach do you think that there are some people on this planet in this is special specifically in american interest rates in america that just seek for things to be mad about may.
"opec" Discussed on View From the Gutters Comic Book Club
"His name begins with an old it's i think it's a win something now uh okay i can't remember with something like oliver something that's the guy can't remember and i too lazy yeah as sites sicopp reallife sicopp r l p c the uh prepared with it isn't as it is uh it is currently uh four days from christmas and i am now working where our esteemed mr pension the junior used to work which is the packaging store so my life has been filled with boxes and shipping and oh my fucking god i'm so tired but i i'm just going to fucking open arrest on a cardboard box tomorrow i swear to cut to get a nap so that's the excuse me above do a sense but our lcp are are opec yes our opec are opec which means and that's that whole thing is like there is a look on her on the countesses phase when he leaves 'cause that all seen was kind of ignoring me until the got to the end and i was like all shooter you just got play i was like okay all right unknown to take this trip with you so man and you know and there are the few moments like when the countess's bursting out of her made bed and one guard is like we have to go in asia perrine the others like no we just hit the knockout care spa yes god thank dead that zia because that whole escaped i was like i swear to gallup she escapes i'm done with this fucking story budgeted animals like we all knew that this series toasty deconstruct is it does knocked down a few of the superhero troops like the escaping villain like the secret identity that it's like okay that's why we're not pointing over all the superhero tropes just the ones that makes sense yeah probably the one roughest scene for me is.