Around The Barrel – Crude Oil and Gasoline Outlook

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  • #21855
    TradersCom
    Keymaster

    Oil rallied into the report as money flowed…

    [article]1714[/article]

    #21859
    TradersCom
    Keymaster

    New Saudi oil minister Prince Abdulaziz bin Salman says no radical change in oil policy

    Says OPEC+ agreement, with the will of everybody, will survive
    “The pillars of Saudi policy” do not change
    Hopes that 2H 2019 will be better than 1H 2019 with regards to oil production

    Prince Abdulaziz the son of Saudi Arabia’s King Salman was appointed new oil minister this weekend. . The move to appoint him as oil minister is a bit unprecedented as the royal family has not traditionally been involved in the appointment to such positions.

    #21863
    Truman
    Participant

    Meeting between Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and President Donald Trump for September 12 postponed after 90-yr-old Emir admitted to a hospital in the U.S

    #21873
    Helmholtz Watson
    Participant

    Trump fires John Bolton as National Security Advisor

    Trump: I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions, as did others in the Administration, and therefore I asked John for his resignation, which was given to me this morning. I thank John very much for his service. I will be naming a new National Security Advisor next week.

    #21883
    Truman
    Participant

    More negative pressure on CL_F Brent oil …

    Reports that President Trump weighed easing Iran sanctions prompting Bolton Pushback and eventually firing

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