Senin, 06 Agustus 2018

Canada's Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles

Today's Breaking News:
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US GDP Turbocharged After Record Saving Rate Revision: Why That Could Be A Problem
Last week, the US Bureau Economic Analysis unleashed some statistical goalseek magic that would make Beijing thoroughly fabricated economic "data" blush for days: as part of the comprehensive GDP revision carried out every five years by the Commerce Department's BEA, US economic history was rewritten and in a shocking development, the annual saving rate was revised higher by 1.6% on average since 2010, with the 2017 US savings rate doubling overnight, from 3.4% to 6.7%. Read More >>

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Turkish Lira Tumbles To Fresh Record Lows, Bonds Crash As Actions Speak Louder Than Words
Specifically, the last few days have seen Turkey retaliate to US sanctions by freezing the assets of several US government officials, which has now been followed up by the Trump administration launching a review of Turkey's duty-free access to U.S. markets under the Generalized System of Preferences after Ankara imposed retaliatory tariffs on U.S. goods in response to American steel and aluminum tariffs. Read More >>

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Canada's Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles
Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy oil tumbled to a nearly five-year-low relative to the U.S. benchmark price. Read More >>






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