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June 12, 2020

Ex-Citigroup CEO Sandy Weill calls Morgan Stanley and Charles Schwab ‘very good buys’- oil and gas 360

Ex-Citigroup CEO Sandy Weill calls Morgan Stanley and Charles Schwab ‘very good buys’

June 12, 2020

CNBC Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.” Bank stocks have been hammered this week, giving back recent gains tied to the reopening of the U.S. economy, in part because the Federal Reserve said it would keep its benchmark rate near zero through

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count decreased by 5 this week, at 279

June 12, 2020

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had a decrease of 5 over last week, resulting in a total count of 279 rigs. Canada had no increase over last week, resulting in a total Canadian count of 21 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only one region, the Haynesville

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions- oil and gas 360

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions

June 12, 2020

Reuters Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude. Caracas’ ally

PEC+ panel meeting next week will advise on policy, not decide: sources- oil and gas 360

OPEC+ panel meeting next week will advise on policy, not decide: sources

June 12, 2020

Reuters LONDON/MOSCOW – An OPEC-led panel meeting to review the oil market next week will advise the wider OPEC+ group cooperating on a record supply cut, five OPEC+ sources said, meaning further talks would be needed on whether to extend the agreement further. OPEC, Russia and allies, known as OPEC+, agreed on Saturday to keep production cuts of 9.7 million

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