Crypto News 

Singaporean Shipping Giants Partner IBM for Blockchain Trial

“Two major Singaporean maritime companies have inked a deal with technology giant IBM to explore and trial blockchain technology for supply chain networks” writes unknown author for cryptocoinsnews.com. Incidentally, IBM has already been working with the Port Authority of Singapore for early stage trials of blockchain technology for transnational container shipments.As the technology provider, IBM Singapore will use its Hyperledger Fabric platform, an open-source production ready blockchain software which saw its official release in July this year.The three parties will unite to work on proof-of-concept blockchain solutions to enhance the…

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News Oil 

Lack Of Supply Could Be Oil’s Next Big Catalyst

“But the tightening of the oil market is still proceeding, and there are some signs that the more pessimistic projections about oil prices could be overblown” reports etfdailynews.com. Nobody knows what the immediate future holds for imploding South American country, but the direction of the country’s oil production is clearly negative.Niger Delta communities have long been incensed that they see little benefit to the region’s crude oil production, a situation that shows no sign of changing.Chevron, Total and Repsol have begun to reduce their number of workers in Venezuela, although…

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News Oil 

Oil prices cut their losses ahead of U.S. supply data

“Concerns over growing U.S. shale-oil production weighed on the market, but prices found some support from the latest U.S. crude-supply forecasts” writes Markets Commodities Reporter for marketwatch.com. Analysts expect Wednesday’s Energy Information Administration report to show a seventh-straight weekly decline for U.S. crude inventories. September West Texas Intermediate crude CLU7, +0.06% fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel on the New York Mercantile Exchange. Source: marketwatch.com Share This:

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News Oil 

Oil prices head for 3-week low as supply worries persist

“Oil futures headed modestly lower on Monday, with continued concerns over a supply glut keeping prices under pressure after reports last week showed a rise in OPEC oil production” writes Markets Reporter for marketwatch.com. In other energy products, gasoline for September RBU7, -0.82%  slid 1% to $1.60 a gallon, while heating oil HOU7, -0.39%  for the same month dropped 0.6% to $1.62 a gallon, while September heating oil traded down by about a penny, or 0.4%, at $1.628 a gallon.Brent oil for October LCOV7, -0.56%  declined 40 cents, or 0.8%,…

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News 

‘A massacre’: At least 30 children die in Indian hospital after oxygen is cut off

“One by one, the infants and children slipped away Thursday night, their parents watching helplessly as oxygen supplies at the government hospital ran dangerously low” writes Annie Gowen Is for washingtonpost.com. The agreement expired July 31, and Pushpa discontinued the oxygen supply Aug. 4.The hospital owed $89,750 to a medical supply company called Pushpa Sales Pvt. Source: washingtonpost.com Share This:

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News Oil Stocks 

Stop believing these 5 oil myths and buy energy stocks: Michael Brush

“Energy investors continue to be more skittish than a cat on the loose at the Westminster Dog Show” writes Michael Brush for marketwatch.com. Meanwhile, large global energy companies cut back on investing in long-term projects starting in 2014, when the price of oil fell sharply.That is just 0.25% of expected 2020 oil demand, according to Adkins.Energy investors remain hyperfocused on U.S. inventories. Source: marketwatch.com Share This:

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Futures Markets News Oil 

Oil struggles for direction as investors ponder U.S. supply falls

“U.S. crude oil inventories fell by 6.5 million barrels to 1.15 billion barrels, according to the Energy Information Administration” writes Biman Mukherji for marketwatch.com. Oil futures were lacking direction on Thursday, following overnight gains on sizeable declines in U.S. crude inventories. Ice Gasoil rose 0.1% at $487.5/ton, while heating oil traded at $1.6541, up less than 0.1%.On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU7, +0.04%  slipped 3 cents to $49.53 a barrel. Source: marketwatch.com Share This:

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News 

All Three 2017 iPhone Models Have Entered Volume Production Ahead of Expected September Launch

“A new supply chain report today described strong July sales for component suppliers in the iPhone supply chain, hinting at an increase in momentum for production on the 2017 iPhones” writes Am Pdt for macrumors.com. Furthermore, sources speaking with DigiTimes have said that all three of the new iPhones — the “iPhone 8,” “iPhone 7s,” and “iPhone 7s Plus” — have now entered volume production.The supply chain sources mentioned that there “will not be shortages” for the LCD iPhone 7s and iPhone 7s Plus, but supply for the OLED iPhone…

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