NEWS

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Nornickel, the world’s largest palladium producer, reported a huge jump in first half profit with higher palladium prices offsetting a decline in nickel, copper and platinum prices. expects a global palladium deficit of 600,000 troy ounces for 2019.

Crude oil inventories grew two weeks in a row the EIA reported +1580k bbls with Gasoline drawing -1412k Bls. Cushing showed a draw of -1504k bbls. US production rose again on the Barry shutdowns returning 100k to 12.30 mbpd  off the record high of 12.40 mbpd.

California is considered the world's largest marijuana market and it's legal cannabis market is currently on track to grow 23% in 2019 to $3.1 billion and to reach $7.2 billion in 2024, a 19% compound annual growth rate (CAGR) over the next five years.

Leading digital assistants, Google Assistant, Siri, and Alexa were put through Loup Ventures Annual Digital Assistant IQ Test. They asked the 800 questions with Google Assistant able to correctly answer 93% of them vs. Siri 83% and Alexa 80%.

EIA reported a lower than expected build of +49 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

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