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Home > Energy Week > Episode 126 - Trump is up and so is oil | Exxon smeared by Bloomberg | Saudi's planning for $50 oil?


	Podcast:		Energy Week
	Episode:		Episode 126 - Trump is up and so is oil \| Exxon smeared by Bloomberg \| Saudi's planning for $50 oil?
	Category:		Government & Organizations
	Duration:		00:42:08
	Publish Date:		2020-10-06 05:05:03
	Description:		https://shor.by/WarRoom14DayFreeTrial Oil rebounds on Trump health update, Norway shutdowns https://www.cnbc.com/2020/10/05/oil-markets-donald-trump-coronavirus.html - probably related more to stability/instability than Trump being diagnosed with a virus that the vast, vast majority of people survive - Oil is mirroring the stock market - Libya and Norway oil cancel each other out - Libyan oil will impact OPEC’s overall numbers Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents https://finance.yahoo.com/news/exxon-plan-surging-carbon-emissions-090019610.html - Exxon isn’t actually planning to increase emissions in a nefarious way, its documents just show that the company forecasts that its emissions will rise as it expands it business. - Basically, Exxon is continuing to expand its business but BP and Shell are abandoning the fossil fuel business wholesale Exxon to cut 1,600 jobs across Europe as oil rout weighs https://uk.reuters.com/article/uk-exxon-mobil-layoffs/exxon-to-cut-1600-jobs-across-europe-as-oil-rout-weighs-idUKKBN26Q276 Equinor shuts in four North Sea fields on strike action https://www.argusmedia.com/en/news/2147112-equinor-shuts-in-four-north-sea-fields-on-strike-action - strike because workers want more pay - If this was West Texas, It would be easy to replace them Column: Hedge funds resume oil sales https://www.reuters.com/article/oil-global-kemp/column-hedge-funds-resume-oil-sales-kemp-idUKL8N2GW30U - Hedge funds more bearish now Asia's jet fuel margins hit 2-month highs on warmer demand for kerosene before winter www.reuters.com/article/asia-oil-jetfuel/refile-asias-jet-fuel-margins-hit-2-month-highs-on-warmer-demand-for-kerosene-before-winter-idUSL4N2GW15H Saudi Arabia’s budget based on $50 oil, Goldman Sachs estimates https://www.worldoil.com/news/2020/10/5/saudi-arabia-s-budget-based-on-50-oil-goldman-sachs-estimates - Analysis is that oil will $50/barrel - Is that at all likely? https://www.forbes.com/sites/ellenrwald/2020/10/02/oil-prices-are-waiting-to-rise-but-stimulus-will-not-be-the-cure/
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