Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event

Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event

When two black swans collide and third is en route. Folks, it is just warm-up lap. $2.5 Trillion wiped out as world stocks crash most since 2008. Bank of America, Citigroup, Deutsche Bank, Commerzbank down 14 percent, British Petroleum crashed...
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Markets Crash In Worst Week Since Lehman Event

Markets Crash In Worst Week Since Lehman Event

Friday’s market performance has traditionally been the weakest, even during the meltup phase ahead of the recent coronacrash, and as such it will probably not come as a surprise that today’s overnight rout which followed the biggest 6-day correctio...
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Gasmaggedon sweeps over global gas market

Gasmaggedon sweeps over global gas market

China’s state-owned gas importers are considering declaring force majeure on LNG imports, which would amplify the turmoil in global gas markets. Shipments of oil and gas are backing up at Chinese ports, which is creating ripple effects across the world....
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EU could waste €29bn on gas projects

EU could waste €29bn on gas projects

32 schemes eligible for funding despite being unnecessary under move from fossil fuels. The European Union risks wasting €29bn (£25bn) of taxpayers’ money by overinvesting in gas projects which will be unnecessary under Europe’s climate action plans, ac...
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Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Maybe as some kind of Christmas gifts $1.5 Trillion In $100 Bills Have Disappeared from circulation. Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to.....
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African countries walk away from Paris-backed Franc

African countries walk away from Paris-backed Franc

Macron blasts colonialism: Grave mistake & fault of France. Emmanuel Macron delved into his country’s imperial past, saying France’s territorial conquests were a mistake that should be fixed – including by welcoming African countries reforming the c...
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Chevron’s $11 Billion Impairment

Chevron’s $11 Billion Impairment

From Chevron’s press release: “As a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity price outlook, the company will reduce funding to various gas-related opportunities including Appa...
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Federal Reserve Proposes New Rule To Let Inflation Run Hot

Federal Reserve Proposes New Rule To Let Inflation Run Hot

Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation. It has now considered launching a new rule that would let inflation run above its 2% target to...
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Oil Service Stocks – Uninvestable

Oil Service Stocks – Uninvestable

Interest In Oil Service Stocks At A “Career Low”, Piper Warns. Collectively, the consensus view is that the oil service sector remains un-investable. There have been few sectors dripping with apathy of late quite like the oil services sector. On ...
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Diamond Industry in Crisis: De Beers Slashed Prices by 5%

Diamond Industry in Crisis: De Beers Slashed Prices by 5%

De Beers Jewelers, the world’s largest diamond miner, has slashed rough diamond prices by 5% as global markets remained oversupplied into the start of the holiday season. The entire industry is on the brink of a downturn amid weaker consumer...
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US Shale In A State Of Stall – CapEx Collapse Imminent

US Shale In A State Of Stall – CapEx Collapse Imminent

The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting...
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The $47 Trillion Slow Death Sentence For Oil & Gas

The $47 Trillion Slow Death Sentence For Oil & Gas

The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $47 trillion in value, will be fully implemented. So one assault will come by breakthrough new technologies and another by banks. Around 130 internati...
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Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia

Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia

What appears to be the most devastating Yemen Houthi rebel attack on Saudi Arabia to date, took place overnight on the world’s largest oil processing facility as stunning videos emerged of massive explosions rocking the major Aramco Buqyaq facility a...
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BNP Research: Tough Road Ahead for Oil

BNP Research: Tough Road Ahead for Oil

New research, led by Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management, shows that oil needs a long-term breakeven price of USD 10 – 20/barrel to remain competitive in mobility in his report Wells, Wires and...
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Aramco second round: Select Lazard, Moelis for World’s Biggest IPO

Aramco second round: Select Lazard, Moelis for World’s Biggest IPO

Lazard just sent dealmakers from London, Paris, Houston to pitch. Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant’s second attempt at the world’s largest initial public offering, people with knowledge of the matter...
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