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IEA report: Global oil supply hit a record high in August despite Iran, Venezuela fallout

  • Global oil supply hit a record high in August at 100 million barrels per day (bpd).
  • Higher output from OPEC managed to more than offset seasonal declines from non-OPEC members, which nonetheless increased year-on-year, led by the U.S.
  • August saw OPEC’s crude supply hit a nine-month high of 32.63 million bpd, despite falls in production from major players Venezuela and Iran.

OTHER NEWS

Trump says Schiff ‘helped write’ whistleblower complaint, after House panel admits advance knowledge

3/10/2019, 6:06 AM

https://www.politico.com/news/2019/10/02/democrats-subpoena-ukraine-documents-019708 https://www.businessinsider.com/trump-says-democrats-wasting-time-on-bullshit-over-impeachment-2019-10

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The US economy will remain strong for the next three years, 71% of global CFOs believe

5/05/2018, 11:42 AM

Corporate players cited global economic recovery, domestic tax reform and deregulation as core factors contributing to the strong sentiment. About half of companies benefiting from tax savings said they would use them to re-invest in plants and equipment. Despite their optimism, the investors still had concerns about how U.S. policy could affect their business prospects

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