First things first: Jay Powell's annual "Jackson Hole" speech -- rates will be lower for longer.
Headlines:
- thousands of Swedes receive false-positive Covide-19 results due to faulty test kits from China; shipped around the world -- ZeroHedge;
- Aramco's cash squeeze may delay partnership with India's Reliance -- S&P Global;
- US natural gas power generation hits record -- oilprice.
- Saudi Arabia sees oil revenues plunge in June, 2020 -- oilprice.
- three oil majors that bet big on renewables -- oilprice.
- environmentalists slam Norway's plan to expand Arctic oil drilling -- oilprice.
- US oil exports to China soar 139% in July, 2020 -- oilprice.
- TSLA hits $400 billion; there are only seven companies in the S&P 500 worth more -- Barron's.
Going swimming. Good luck to all. I should be back mid-morning.
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