John Kemp's Weekly Energy Tweets; Jobs Report Pending -- April 7, 2016

Reminder: I'll be posting today's initial unemployment claims at this post.

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John Kemp: Saudi Arabia's king flying to Cairo to reassure Egypt about continued support. Article at Reuters.

Despite years of mutual frustration and disappointment over diverging priorities, Saudi Arabia and Egypt remain fundamental to each other's security, a message King Salman's visit to Cairo this week is intended to reinforce.

The rare foreign trip by the 80-year-old Saudi ruler will counter media commentary in both countries of discord between the richest Arab state and the most populous, to show Riyadh still backs Egyptian President Abdel Fattah al-Sisi. 

Gulf monarchies have lavished aid on Egypt since 2013, but have grown increasingly disillusioned at what they see as Sisi's inability to address entrenched corruption and inefficiency in the economy, and at Cairo's reduced role on the regional stage. 

At $30 oil, that "lavished aid" may not be so lavish any more. We've talked about this before.

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Tweeting now: Platts --  China targets 13% rise in natural gas, 7% fall in crude output for 2016.

Venezuela: sitting on top of the world's largest crude oil reserves and the country is now "giving" its workers "off" every Friday to save energy. And folks are still supporting Bernie Sanders here in the US.