OPEC Production Hits New 2017 High In July -- IEA -- August 11, 2017

Active rigs:

$48.43↓	8/11/2017	08/11/2016	08/11/2015	08/11/2014	08/11/2013
Active Rigs	57	33	70	194	184

RBN Energy: a new, more competitive era for LNG shipping.

I'm shocked! Shocked! From The Wall Street Journal -- global oil supply grows on higher OPEC output despite deal. Cartel's crude production hit new 2017 high in July -- IEA.

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The Market And Energy Page, T+203

Dividends! six energy stocks set to raise dividends as oil prices stabilize -- the story is a bit weak on specifics, but mentions these companies, some of them simply in passing. Take this article with a grain of salt. The six companies: XOM, COP, Marathon (MPC), ONEOK, WMB, and KMI.

Enerplus: not surprising, considering results in the Bakken. Enerplus posts a 2Q17 profit after reporting a loss a year earlier. Adjusted, EPS, 24 cents per share. 

More restaurant closings: from Syracuse.com, data points --

• parent company, DineEquity: IHOP and Applebee's
• will close 160 locations 
• originally only 40 - 60 Applebee's locations expected to close; now 105 - 135 locations 
• IHOP: 20 - 25, up from the original 18 expected
• in another story, it was reported that although both will close locations, they will open some new locations, also

JCP: losses mount; misses estimates; stock craters.

AAPL: shares took big hit yesterday when the Dow pulled back 250 points; today it's up a percent or two.

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

Tea leaves: scrolling through energy news this morning, the tea leaves suggest --

• traders think the worst is over for oil
• oil companies can adjust to any oil price, as long as it remains stable; WTI seems to be stabilizing; seems to have a new floor -- $45, and the trend is up
• global storage inventories dropping albeit very, very slowly, but on a reasonable track
• "fast and fury" already "old news" -- except on CNN and MSNBC (neither of which are followed by investors)
• being ignored: the end of the US driving season is upon us

Backwardation: the current buzzword on the street. See Reuters article via Rigzone.