The New Russian Sanctions Bill Is Washington’s Monument To Its Criminality
The New Russian Sanctions Bill Is Washington’s Monument To Its Criminality
Paul Craig Roberts
You are here
United States
Rig Count Rises By Just 2 As Goldman Expects Oil Market To Rebalance By Early 2018
With WTI heading for its best week since 2016, demand and inventory data is trumping production for now and today's Baker Hughes rig count data did nothing to change that as, following last week's 1 rig drop, producers only added 2 oil rigs in the last week to 766.
- *U.S. GAS RIG COUNT UP 6 TO 192 , BAKER HUGHES SAYS :BHGE US
- *U.S. OIL RIG COUNT UP 2 TO 766 , BAKER HUGHES SAYS :BHGE US
Judging by the lagged correlation to WTI, rig counts are stalling as expected...
Tobacco Stocks Are Getting Smoked, Here's Why...
U.S. tobacco stocks are getting smoked this morning (led by an 12% crash in British American Tobacco and Philip Morris) after an FDA statement said it plans to purse lowering nicotine in cigarettes to non-addictive levels.
Bloomberg reports,
The U.S. Food and Drug Administration will work to cut the amount of nicotine in cigarettes to nonaddictive levels, with the goal of preventing thousands of tobacco-related deaths a year. The surprise move sent shares of cigarette stocks plummeting.
US Orders Venezuela Embassy Families Out As Crisis "Showdown" Arrives
On Thursday, the U.S. government ordered family members of employees at its embassy in Venezuela to leave as the nation's political crisis deepened ahead of a controversial vote critics contend will end democracy in the oil-rich country. Similarly, Canada warned its nationals against non-essential travel to Venezuela and urged citizens already there to leave. As well as ordering relatives to leave, the U.S. State Department on Thursday also authorized the voluntary departure of any U.S.
Russia Retaliates: Orders U.S. To Cut Diplomatic Staff, Seizes Two Compounds
Just hours after the Senate overwhelmingly voted to enforce further sanctions against (mostly) Russia, North Korea and Iran, while binding Trump from undoing any measures against Moscow without Congressional approval, in the process infuriating not only the Kremlin but America's European allies, with Brussels warning repeatedly it will have no choice but to respond in kind, on Friday morning Russia’s Foreign Ministry ordered the United States to cut its diplomatic staff to 455 by Sept.