Submitted by OIl & Gas 360 via OilPrice.com,
Proved oil and gas reserves down 11.8 percent and 16.6 percent, respectively, from year-end 2014.
EIA has downgraded its estimates of proved oil and gas reserves in the U.S., according to its Crude Oil and Natural Gas Proved Reserves, Year-end 2015 report, released today.
Following the shooting death of the Russian ambassador to Turkey, The US State Department has issued a travel 'Security message' warning US citizens to avoid the area near the Embassy compound "due to an ongoing security incident."
Ankara, #Turkey - ongoing security incident near US Embassy. All US citizens should avoid area near Embassy compound until further notice. pic.twitter.com/5EABdgBO4o
— Travel - State Dept (@TravelGov) December 19, 2016
Having recently (before the election) found that stock buybacks have tumbled to the lowest level in 5 years, coupled with the lowest amount of insider buying since 2011, this morning TrimTabs Investment Research reported what regular readers already know, namely that U.S. equity exchange-traded funds received a record $97.6 billion from Tuesday, November 8 through Thursday, December 15, promptly TrimTabs to ask if "investors are all-in on US stocks?"
Following last week's report that Saudi Arabia is starting to apply pressure on the incoming Trump administration by hinting it could move the Aramco IPO away from New York to some still undeteremined venue due to concerns the recently passed Sept 11 law could make business in the US problematic, on Sunday Saudi Arabia's foreign minister said he has been lobbying US legislators to change a law allowing victims of the September 11, 2001 attacks to sue the kingdom.
Global markets begin the last full week of trading of the year in subdued fashion, with U.S. equity futures rising 0.1%, to 2,258.5, European shares decline halting two straight weeks of gains, and Asian shares hitting a four-week low. The Dollar extends losses, yen and gold rise amid geopolitical concerns as the fallout from China's seizure of a U.S. continues to reverberate. Volumes are thinning before the December holiday season and end of the year, with trading in German bund futures about half the average for the past five days.