News Oil 

Oil prices rally as OPEC and Russia reach a deal to cut production

“On Thursday, the Energy Information Administration said U.S. crude supplies fell by 7.3 million barrels for the week ended Nov. 30” writes Markets Commodities Reporter for marketwatch.com. The recent decline in crude prices also comes as jitters pegged to international trade relations between China and the U.S. escalated, and raised concerns about demand for oil.Global benchmark February Brent crude LCOG9, +3.48%  rose $2.80, or 4.7%, to $62.86 a barrel on ICE Futures Europe. Source: marketwatch.com Share This:

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News 

Watch: SpaceX launches resupply mission to International Space Station 

“The food bars were replaced and the launch is now ready to go” writes Michael Sheetz for cnbc.com. CRS-16 was delayed earlier this week when “mold was found on food bars for a rodent investigation,” NASA said in a blog post on Monday.ET. Please refresh the page if you do not see a player above at that time.] SpaceX is set to launch its latest mission for NASA from Florida on Wednesday, sending supplies and experiments to the International Space Station. Source: cnbc.com Share This:

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News 

China worries about hog supply as African swine fever reaches Beijing

“Authorities would make the transport of piglets easier, while still controlling the risk of spreading African swine fever, he said” writes Midwest Communications Inc for 95kqds.com. The Beijing city government sought to reassure the public, noting that African swine fever cannot spread to humans, and that meat sold at city markets undergoes “strict inspections”. “The complexity and time-span to control the spread of African swine fever will increase significantly once there is an interactive infection between wild boars and domestic pigs.”.  Source: 95kqds.com Share This:

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News 

Natural gas suffers biggest one-day percentage drop in more than 15 years

“Natural-gas futures dropped roughly 18% Thursday, on track to relinquish their gains from just a day earlier as a weekly rise in U.S. supplies of the fuel came in at nearly double the five-year average” writes Markets Commodities Reporter for marketwatch.com. December natural gas NGZ18, -16.93%  dropped by 87 cents, or 18%, at $3.967 per million British thermal units.Prices on Wednesday had marked a spectacular climb of about 18%—their biggest such increase in more than 14 years—as cold weather forecasts continued to feed concerns about tight U.S. supplies. Source: marketwatch.com Share…

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News Stocks 

Owens-Illinois announces dividend, more than $300 mln more for stock buybacks

“OI, +3.39% announced early Wednesday plans for a regular quarterly cash dividend, as well as a $313 million expansion to an existing stock buyback program” writes Emma Court for marketwatch.com. The stock was inactive in Wednesday premarket trade.The company, which manufactures and supplies glass containers for beverages, will pay a dividend of 5 cents per share on Feb. 12 to shareholders of record on the close of Jan. 22. Source: marketwatch.com Share This:

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GBP News 

Patients and industry fret over drug supplies, if no Brexit deal

“LONDON (Reuters) – Consumers and the pharmaceuticals industry alike are anxious about medicine supplies, if there is no deal on Britain’s departure from the European Union” writes Midwest Communications Inc for 95kqds.com. The finding comes as pharmaceutical industry leaders are grappling with details of how to secure drug supplies in the event of a disorderly exit on March 29, 2019 — both in Britain and continental Europe.Large pharmaceuticals companies already have stockpiling programs in place, in some cases building up many months of extra supply. Source: 95kqds.com Share This:

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U.S. pigs out on bacon, ribs as trade wars cut chicken demand

“The chicken company, owned mostly by JBS SA , reported third-quarter net sales fell 3.4 percent to $2.7 billion” reports businessinsider.com. Tyson is building a $300 million plant to process 1.25 million more birds a week after struggling to keep up with chicken demand last year.Kerry Wilson, a Florida mom, is taking advantage of the increase in beef and pork supplies.”With all that pork on the market,” Roenigk said, “it has spilled over to affecting consumers’ demand for chicken.”.  Source: businessinsider.com Share This:

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Futures News Oil 

Oil prices drop as data show U.S. crude supplies up a fourth week in a row

“The Energy Information Administration reported Wednesday that domestic crude supplies rose by 6.5 million barrels for the week ended Oct. 12” writes Saefong William Watts for marketwatch.com. Oil futures dropped Wednesday, on track for the lowest settlement in more than three weeks, as U.S. government data revealed a sizable climb in domestic crude supplies for a fourth week in a row.Analysts surveyed by S&P Global Platts had forecast a rise of 1.88 million barrels, while the American Petroleum Institute on Tuesday reported a decline of 2.1 million barrels in crude…

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News Oil 

Oil finishes higher on U.S.-Saudi tensions, concerns over tighter crude supplies

“Worsening tensions between the two nations could result in a curtailment of global crude production from one of the most significant members of the Organization of the Petroleum Exporting Countries” writes Saefong William Watts for marketwatch.com. Domestic crude supplies were forecast to climb by 1.88 million barrels for the week ended Oct. 12, according to analysts surveyed by S&P Global Platts.S&P Global Platts said that the fields in the Saudi-Kuwait “Neutral Zone” were expected to produce some 500,000 barrels of oil a day.Prices also got a boost after S&P Global…

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