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Sunday, September 19, 2021

Platts’ Five Major Commodity Themes For 2020

Authored by Martin Fraenkel via S&P Global Platts, What will be the biggest drivers and concerns for global commodity and energy markets in 2020? S&P Global Platts president Martin Fraenkel shares his outlook. This year has been marked by a tug of war between geopolitical tensions and macroeconomic concerns, rangebound commodity prices and – perhaps…

Iran Holds Major Air War Games As Additional US Forces Arrive In Gulf

Iran is in the midst of what's been described in state media as a massive joint air defense exercise encompassing an area of area of 416,000 square kilometers across central Iran, which is roughly the size of California, designed also the simulate the expanse of the Persian Gulf and Strait of Hormuz areas.  Newsweek noted late…

Major Hedge Fund Capitulates On Tesla Short As David Einhorn Accuses Musk Of “Significant...

After Tesla stock soared following its unexpectedly, inexplicably strong Q3 earnings, spiking as much as $80/share in late October amid a violent short squeeze which pared the company's year-to-date slide, even some of the most hardened Tesla shorts have had no choice but to throw in the towel after the EV-maker’s third-quarter results allayed - at…

In Major Announcement ISIS Confirms Baghdadi Death & Names New Leader

update: Moments ago the ISIS media channel Al-Furqan Foundation released its awaited "big announcement" which it first teased 24 hours ago. The terror group has confirmed Abu Bakr al-Baghdadi's death and declared a new leader, named as Abu Ibrahim al-Hashimi al-Qurayshi. Al Jazeera reports of the new statement: The Islamic State of Iraq and the Levant (ISIL, also known…

One Bank Finds Major Cracks In The Leveraged Credit Market

In many ways, the fact that the leveraged loan market has been so remarkably stable, despite the occasional high profile blow up, in a time of relentless redemptions from loan funds which have seen weekly outflows for nearly one full year resulting in $22BN in outflows YTD... ...  coupled with dropping rates, both of which…

Major Blaze At Iran Oil Refinery Raises Suspicions Of Saudi Revenge Attack

A section of Iran’s sprawling Abadan oil refinery in the southwest of the country went up in flames Saturday, and state media sources reported the emergency was under control as of Sunday morning.  State media is describing it as "a fire in a canal carrying waste from Iran’s Abadan oil refinery," with Iranian official broadcaster IRIB saying, “The…

Iran Vows Major War Even If US Conducts “Limited Strikes”

Just after on Friday Pentagon leaders presented Trump with numerous "military options" for a response to Iran following last week's twin attacks on Saudi Aramco facilities, Iran has again put the US on notice that any "limited attack" will assuredly lead to major war. The briefing on “options” for responding to Iran were followed by…

EV Makers Face One Major Problem

Authored by Irina Slav via OilPrice.com, If one listens to statements from carmakers with ambitious EV plans, one’s left with the impression that the world is in for a true automotive revolution and that those of us in their middle age right now will actually live to see a world with an almost entirely electric…

Mapping All The Major Bitcoin Forks

The emergence of Bitcoin took the world by storm through its simplicity and innovation. Yet, as Visual Capitalist's Ashley Viens details, plenty of confusion remains around the term itself. The Bitcoin blockchain - not to be confused with the bitcoin cryptocurrency - involves a vast global network of computers operating on the same distributed database…

Manhattan Goes Dark: Major Power Outage Hits NYC On Anniversary Of 1977 Great Blackout

Update: Manhattan, from Midtown south, remains in darkness. The following 'before' and 'after' images show the extent of the blackout... I took the second picture yesterday. There’s a difference of 24 hours and 27 minutes based on the camera roll time stamps. #blackout #NYCblackout Manhattan pic.twitter.com/xV0jXtCRs4 — Aziz Musa (@AzizJM) July 14, 2019 And all…

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