Energy Week

Episode 128 - South’s Economy Outperforms Nation | OPEC+ Faces Growing Pressure | Oil prices decline after China economic data disappoints


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Link to Shale Round Table
https://youtu.be/JubBfpWYUMs

With Fewer Covid-19 Restrictions, South’s Economy Outperforms Nation
 https://www.wsj.com/articles/with-fewer-covid-restrictions-souths-economy-outperforms-nation-11602927000
- But were they really measuring the south in terms of the economy?
- College football open in the south

OPEC+ Faces Growing Pressure to Change Course as Ministers Meet
https://ca.finance.yahoo.com/news/opec-faces-growing-pressure-change-230100119.html

Exclusive: OPEC+ fears second virus wave could lead to oil surplus in 2021
https://www.reuters.com/article/global-oil-opec/exclusive-opec-fears-second-virus-wave-could-lead-to-oil-surplus-in-2021-idUSKBN27124E

- concerned about the fact that 2 million bpd more about to come onto the market in January
- Libya also increasing production - 500,000 bpd on the market already
- Novak’s messaging very different this time than it was in late-February and early-March

China warns it will take Americans hostage if DOJ doesn’t drop charges against researchers
https://nypost.com/2020/10/18/china-warns-it-will-take-americans-hostage-if-charges-arent-dropped/

Oil prices decline after China economic data disappoints
https://www.cnbc.com/2020/10/19/oil-markets-coronavirus-china-economy.html

- Tensions rising between China and US but no sign that China won’t be buying US oil or soybeans

Europe's COVID-19 outbreak is cascading out of control, and nations are slamming vast regions into lockdown again
https://www.businessinsider.com/europe-coronavirus-outbreak-smashes-records-new-restrictions-covid-19-2020-10
- oil prices have been relatively stables

IMF reveals 2021 forecasts for oil prices and the Middle East economy
https://www.cnbc.com/2020/10/19/imf-reveals-2021-forecasts-for-oil-prices-and-the-middle-east-economy.html
- Middle East and Central Asia may see a 4.1% contraction this year
- Could India get a bump in economy if US moves supply chains towards India away from China

OPEC Should Take The Win On Oil Price Stability
https://www.forbes.com/sites/ellenrwald/2020/10/19/opec-should-take-the-win-on-oil-price-stability/#54e41fb74de2

Link to Shale Round Table
https://youtu.be/JubBfpWYUMs

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Energy WeekBy Ryan Ray

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