Baker Hughes oil rig count up 2 to 597
The weekly Baker Hughes rig count shows: Oil rigs, up 2 to 597 Nat Gas rigs unchanged at 153 Total rigs 752, up 2 on the week.
The post-mortem on the $800 billion US Paycheck Protection Program is damning
A commonly-heard refrain from those lamenting inflation is that the government gave workers too much money during the pandemic and that 'nobody wants to work anymore’. Well workers weren’t the…
US May consumer credit outstanding +22.35B vs +31.9B expected
Prior was +38.07B (revised to +36.76B) Revolving +7.42B Non-revolving +22.35B It’s interesting that credit growth is slowing but it’s likely to do with slowing goods purchases, including autos and appliances.
IN RUSSIA10:23, july 9, 2022
In the Russian Federation will create a monitoring service for preferential business lending programs Moscow. July 9th INTERFAX.RU – The Russian government plans to create an information platform for viewing information about…
Sberbank predicted the ruble exchange rate on Friday
Ruble could strengthen to 60 RUB/$1 on Friday – Sber CIB Dollar / ruble exchange rate on the Moscow Exchange at intervals of 1 minute Dollar / ruble exchange rate on Forex…
Copper falls in price due to the threat of a recession
Copper slipped below $7,500 a tonne as fears of a global economic slowdown added pressure on industrial metals and accelerated their decline from record highs set just a few months…
Commodities cheaper before recession, but not for long
Prices for oil, metals and wheat are declining The military conflict in Ukraine cut off the flow of raw materials, which was already limited due to disruptions in supply chains,…
The threat of a recession slowed down the rally in commodity markets
Commodities, from grain to oil, are losing ground, and hedge funds are betting on further declines. Commodity prices are falling from all-time highs as investors cancel bullish bets on everything…
FGE: capping Russian oil prices is an 'absurd’ and 'impractical’ idea
The proposed cap on export prices for Russian oil shipped by sea is „an absurd and impractical idea,” said FGE chairman Fereydun Fesharaki. According to the expert, even if European…
Wells Fargo thinks US recession is already here
According to Wells Fargo, there is no longer any need to worry about the risks of a recession in the US, because the recession has already arrived. The bank’s investment…