Monday, July 24, 2017

The Energy And Market Page, T+185 -- July 24, 2017


July 25, 2017: update on "today's joke": oil rises 1% after Saudi "vows" to cap crude exports next month. Russia continues to support cuts; OPEC putting pressure on Nigeria.

Original Post

Today's joke: this came via a John Kemp tweet -- OPEC and non-OPEC promise to try harder to reduce exports and cut excess global inventories (wink, wink). 

Halliburton beats forecasts; 23 cents vs 19 cents forecast.

Payday! KKR to pay $66.50 / share for WebMD; $2.8 billion deal.

Mission Impossible: OPEC's goal to "sustain" oil prices -- whatever that means.

Reality sucks: it's still incredibly hard to build an EV startup -- "green energy site." I only read the opening line and the first thought that came to mind: Tesla sucked all the venture capital out of the EV sector. No wonder it's "incredibly hard" to build an EV startup.

Even China has a gasoline, diesel problem (too much): China announces surge in gasoline, diesel exports to ease domestic glut.

The Rock teams with Apple's Siri -- FBN.

Mike Filloon: anticipating today's OPEC meeting.  Interests me not.

Disclaimer: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on what you read here or what you think you might have read here.

The Sports Page

Did anyone even watch the final stage of the bicycle race in France?

The Jordan Spieth highlights winning The Open were simply incredible -- the birdies and the eagle on the last five holes. The Wall Street Journal view.

And, of course,  the NASCAR race at Indianapolis -- all six hours of it -- was the frosting on the cake, won by Kasey Kahne, taking on Keselowski ("Pat, I'd like to buy a 'k'.") mano a mano and winning. The big race: to beat the setting sun -- Indianapolis has no lights; cannot race at night.

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