Commodities
Qatar’s Energy Minister Saad al-Kaabi dropped a bombshell on Monday (Dec 3) – Doha would leave OPEC on January 1, 2019. Clearly, it was a big news, considering that the small kingdom has been an official OPEC member since 1961. The timing of the announcement was suspicious – just days before OPEC and its allies are scheduled […]
... written on Dec 04 2018Dow Jones Industrial Average (DJIA) futures skyrocketed 463 points after the world’s two biggest economies – United States and China – agreed to a ceasefire on their bilateral trade war at the G-20 summit in Argentina. Stocks in Asia, as do commodities like oil and copper, also jumped higher on hopes a possible new China-U.S. […]
... written on Dec 03 2018The U.S. Senate took a dramatic step on Thursday, moving to block U.S. involvement in the Saudi war in Yemen and sending a powerful message to Riyadh – the US-Saudi relationship is on the rocks. For Crown Prince Mohammed bin Salman, life goes on as usual as he can’t bring the dead back to life, […]
... written on Dec 02 2018What do these 21 states – Texas, Alabama, Arizona, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, New Mexico, New York, Ohio, Oklahoma, South Carolina, Tennessee and Virginia – have in common? They have joined the US$1.99 club – where at least 1 station sells fuel at less than two bucks a […]
... written on Nov 30 2018Trump Willing To Give Saudi Crown Prince A Free Pass On Khashoggi’s Murder – In Exchange For Rewards
Donald Trump appears willing to give a brutal murderer a free pass, because his administration has everything to gain by pretending that Crown Prince Mohammed bin Salman wasn’t involved at all in the gruesome murder of Saudi journalist Jamal Khashoggi. From the beginning, the U.S. president has made it known that he isn’t a fan […]
... written on Nov 22 2018After a record 12-session consecutive declines, oil prices finally finished higher on Wednesday last week. But it could only crawl up for 3 days before giving up. That’s not a very convincing bull after the black gold plunged about 25% since early October, essentially entering the bullish market. The commodity won’t enter a bull market until […]
... written on Nov 20 2018WTI Crude prices dropped for a ninth consecutive session on Thursday, essentially falling into a bear market, and it could get worse. In fact, the U.S. oil prices have plunged over the last 5 weeks since early October. And if the U.S. oil benchmark continues to drop like a rock in a “ferocious” bear market, […]
... written on Nov 09 2018By the end of the trading session on Monday, the Dow Jones Industrial Average (DJIA) had travelled more than 900 points. The Dow fell 245.39 points to 24,442.92, erasing a 352-point gain. The NASDAQ Composite Index plunges to its lowest since April. It was so bad that Amazon.com Inc. founder – Jeff Bezos – lost a staggering US$8.2 […]
... written on Oct 30 2018Had journalist Jamal Khashoggi been an ordinary Saudi critic, very few would care about his disappearance. After all, U.S. President Trump has publicly made it know his anti-Muslim stance even before his 2016 Presidential Election. Donald Trump has also made it know that he doesn’t really care about human rights, let alone climate change or […]
... written on Oct 15 2018Emboldened by America’s economic strength and China’s economic slowdown, President Donald Trump has thrown his challenge again by declaring that his administration will impose 10% tariffs on US$200 billion worth of Chinese imports, scheduled to go into effect on September 24th (next Monday). The tax will then skyrocket to 25% beginning January 1st, 2019. […]
... written on Sep 18 2018
