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Tag Archives: US

With pleading, threats and praise, US pushes Saudi Arabia to stop the oil bleeding: Fuel for Thought

“You can love me or hate me/I swear it won’t make me/Or break me/I’m going wherever the money take me” – Lil Wayne A dozen years after Louisiana-bred songwriter Lil Wayne rapped that verse on a bonus track on his album “Tha Carter III,” a strong mix of love and hate is being directed at Saudi Arabia from US oil state lawmakers. US President Donald Trump last Thursday, for example, tweeted of a global, Saudi-coordinated supply cut of 10 million b/d or more...

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Coronavirus threatens US plastics recycling as states cancel collections

The coronavirus pandemic has created a wave of complications for the recycled plastics industry and hampered short-term supply of plastic waste, with several US areas suspending recycling programs, and concerns about transmission creating problems for waste processors. Ten states in the US currently have “bottle bills”, or mandatory container buyback programs. Now, eight of these ten states – Connecticut, Iowa, Maine, Massachusetts, Michigan, Oregon, New York, and Vermont – have temporarily...

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22/3/20: COVID2019 in Numbers

Updating numbers for Corona Virus infections and related deaths: Next up, comparing Italy and U.S. numbers in terms of their dynamics from the start of the infection detections in each country (date 30) to today: Note, while the U.S. infections dynamics have overtaken Italy already, U.S. death rates remain well below those in Italy. This is due to a range of factors, none of which are particularly satisfactory for the U.S. healthcare system assessment:Italian demographics and deaths...

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Why Saudi Arabia’s oil price war is doomed to fail: Fuel for Thought

Oil price wars rarely achieve their objectives. Saudi Arabia and Russia racing to out-pump each other is unlikely to be any different. Instead of declaring a victory in seizing market share back from their common rivals in the form of US shale, the main protagonists in Moscow and Riyadh are more likely to cause long-lasting damage to petrodollar economies already under pressure from demand destruction caused by climate change action and the onslaught on the global financial system from the...

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China reopens its doors to US LPG, but path to recovery may be slow

After an eighteen-month hiatus, Chinese liquefied petroleum gas (LPG) buyers are peering west again, as the country looks to the US to fill its burgeoning import demand. Propane and butane, key feedstocks for plastics and synthetic rubber, were hit hard by the prolonged trade spat between the US and China, which resulted in tariffs across a raft of raw materials and manufactured goods. Resumption of US-China trade flows has been the talk of the Asian LPG market since March 2, as Beijing...

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Sources of Imbalance and the Pushback Against New Divergence

The US dollar's surge alongside gold has eclipsed the equity market rally as the key development in the capital markets.   Even the traditional seemingly safe-haven yen was no match for the greenback.  The dollar appeared to have been rolling over in Q4 19, as the sentiment surveys in Europe improved, Japanese officials seemingly thought the economy could withstand a sales tax increase, and data suggested the Chinese economy was gaining some traction.   However, 2020 has begun...

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Commodity Tracker: 5 charts to watch this week

The ongoing outbreak of coronavirus, known officially as COVID-19, continues to dominate commodity and energy market developments, as illustrated by this week’s pick of charts from S&P Global Platts news editors. Plus, key trends in EU and US electricity markets. 1. COVID-19 stalls Chinese workers’ return to manufacturing centers…     What’s happening? China’s coastal provinces are heavily dependent on migrant labour from other provinces. Every year millions of these...

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Canadian crude oil train derailments, closing USGC arb threaten rail exports

Many analysts have forecast that strong US Gulf Coast demand will help boost rail shipments of Canadian crude oil to records this year. But recent pricing dynamics and new regulations following the second derailment of a Canadian crude train in two months highlight the risks facing the most optimistic projections. Alberta Premier Jason Kenney estimated in a recent interview with S&P Global Platts that crude-by-rail shipments out of Western Canada would average 500,000 b/d this year, a...

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Markets and the Pathogen in the Week Ahead

The infectious and mortality rates of the new coronavirus have become the main force driving the pendulum of investor sentiment toward fear. The move is all the more dramatic as the investors had been positioned for a continuation of the historic bull market in equities and eager to take on new risks.The coronavirus has surpassed the earlier precedents of SARS (2003) and the Swine Flu (2009). The World Health Organization declared an international health emergency, which will free...

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