Chevron Agrees to $5 Billion Takeover of Noble Energy
https://www.wsj.com/articles/chevron-nears-5-billion-takeover-of-noble-energy-11595239202
- first major oil deal since shut downs
- will expand Chevron’s footprint in Colorado, Permian and Eastern Med and Africa

Israel approves pipeline deal to sell gas to Europe
https://www.reuters.com/article/us-israel-europe-natgas/israel-approves-pipeline-deal-to-sell-gas-to-europe-idUSKCN24K0FN
- pipeline should be complete by 2025 and will diversify Europe’s source of natural gas

OPEC Has New Competitor as China Ships Oil From Swelling Storage
https://www.bloomberg.com/amp/news/articles/2020-07-17/opec-has-new-competitor-as-china-ships-oil-from-swelling-storage
- China is shipping crude oil out of storage
- why? Slightly higher OSPs from Saudi Arabia
- shipped 500,000 barrels each of Oman crude to two South Korean importers

Oil pipeline explodes in west Iran - report
https://www.jpost.com/middle-east/iran-news/oil-pipeline-explodes-in-west-iran-report-635506

Iran explosion: Blast hits power plant in Isfahan province
https://www.independent.co.uk/news/world/middle-east/iran-power-plant-explosion-blast-isfahan-province-a9626796.html

Companies Set to Chronicle Troughs of the Pandemic as They Report Earnings
https://www.wsj.com/articles/companies-set-to-chronicle-troughs-of-the-pandemic-as-they-report-earnings-11595163601

Two Million Saudis Lose Cash Aid When They Can Least Afford It
https://www.bloomberg.com/news/articles/2020-07-15/two-million-saudis-lose-cash-aid-when-they-can-least-afford-it
- people willing to go on the record criticizing the government’s policies

Russia And Saudi Arabia Are Rooting For Biden. Here’s Why
https://www.forbes.com/sites/ellenrwald/2020/07/20/russia-and-saudi-arabia-are-rooting-for-biden-heres-why/#2d928e1aed61
- A Biden presidency is Russia and Saudi Arabia’s best bet for higher oil prices
- Biden could restrict permitting for new wells on federal land significantly and that would curb oil production significantly.

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