Sunday, July 23, 2017

Economic News , Data & Views.....July 23 , 2017.....Quick Hits For Sunday -1) UK Political Round Up For Sunday , Sunday Talks Shows , EU-UK Talks , Additional Items Of News. 2) France - Macron Polling Numbers Come Back To Earth As Reality Descends Upon Citizens Of France. Governing Always Different From Campaigning. 3) US Politics - Change Of Approach To Press With Change Of White House Communications Director , Russia Probes , Swampland News. 3) Gulf Rift - Turkey President Erdogan Meets King Salman In KSA To Discuss Ongoing Gulf Rift , Commentary From Qatar Leadership Regarding The Rift , Additional News Of Note. 4) OPEC News - OPEC Not Signaling Changes to Production Levels For Libya Or Nigeria At this Time , Commentary Of Interest From OPEC & Non OPEC Countries Ahead Of Monday's JMMC Meeting



UK....




Sunday politics shows highlights






Recap: Ukip AM apologises over racial slur about Chuka Umunna








Full Corbyn remarks on "wholesale importation" of foreign workers. Similar to Macron






WATCH: Jeremy Corbyn: Labour did not know how much cancelling student debt would cost






Tory critics of Theresa May are "doomed to be led by her" for at least two more years - Ken Clarke:







1 hour ago
Liam Fox: Length of post-Brexit transition phase ‘not a huge deal’







1 hour ago
Jeremy Corbyn insists UK cannot be part of single market after Brexit






Owen Paterson needs to explain why he has moved away from the position set out in his Oct 2014 Europe speech. With equal detail.






Sunday Talk Show snippets...









NEW: Tory grassroots call for May to go by Christmas.





OBSERVER: Tory members turn to Davis in battle to succeed May





Fascinating. And it's for March of this year ...





France.....





Reality .....








Macron’s Approval Rating Falls 10 Points From June to 54%







That Macron's popularity is taking a hit is not a shocker - big difference between campaigning and governing.







Popularity tumbles for France's Macron: poll








Aliou Sylla: Many of my colleagues couldn't get visas for ; said he'd be here and he isn't






Emmanuel Macron approval rating: July - 54% June - 64% May - 62% A fall second only to Chirac's election in 1995







France's far-right National Front keeps euro-exit stance






French Nazi collaborator Petain's tomb vandalised






US Politics....







New communications director: White House has communications problem








US special Ukraine rep Volker touches down in Donbas. "Not a frozen conflict, but a hot war," he says, per MOD press








Sanders in active talks to run against Trump in 2020







Trump admin gears up to crackdown on marijuana laws:






Replying to 
Scaramucci is also on a different page from his press secretary when both were asked today if POTUS will sign Russia sanctions bill:





Scaramucci says Trump told him "he doesn't have to be pardoned"







Scaramucci calls for fresh start on relationship with press: I want "positive mojo"







Jill Stein part of Senate Judiciary requests for info in Trump-Russia probe









1 hour ago
Scaramucci: White House wants to "deescalate" uproar surrounding Trump-Russia probe








1 hour ago
Press secretary: Trump fully backs tougher sanctions against Russia








1 hour ago
Scaramucci: We don't have to worry about Trump-Russia pardoning because Trump won't have to pardon anyone






Gulf Rift.....






. in Kuwait in support of mediation efforts in the Gulf crisis





Turkish President Erdogan arrived in Jeddah today and held a meeting with









Opinion: Is a potential resolution on the horizon for the GCC crisis? by






Turkey's President Recep Tayyip Erdogan set to visit Saudi Arabia over Gulf crisis









Qatar not signaling they will back down...









"We will never go back to depending on one supplier" Qatar Petroleum's CEO discusses the impact of the Gulf crisis









Qatar's emir denounced the "malicious smear campaign" against his country. Where is the Gulf crisis heading?







OPEC....





OIL MINISTER PARTICIPATED IS SERIES OF PHONE CALLS TO OIL MINISTERS TO DISCUSS MKT CHALLENGES IN 2H17: PRESS RELEASE.







ENERGY MINISTER KHALID AL-FALIH TO ADDRESS MEDIA MONDAY FOLLOWING JMMC MEETING: OPEC PRESS RELEASE.








| energy minister Novak met today with 's energy minister Khalid al-Falih - russian energy ministry.








🔴 NOT PLANNING TO JOIN ANY EFFORTS TO CURB PRODUCTION UNTIL IT REACHES OUTPUT TARGET OF 1.25MBD BY DECEMBER - SOURCES: BBG.









NOT PLANNING TO RECOMMEND LIMITING NIGERIAN, LIBYAN PRODUCTION MONDAY. WILL DISCUSS "REALISTIC" SOLUTIONS INSTEAD - SOURCE: BBG.









KEEPS JULY OUTPUT CUT LEVEL IN CONFORMITY WITH DEAL, -300,000 BARRELS PER DAY AT 10.947MBD - NOVAK: TASS.








US OIL DEMAND BY FRACTION (compared same time last year...demand is down in everything but jet fuel and fuel oil)















🚨🚨🚨 >>>Yemen's Houthis say hit Saudi refineries with long-range missile






prices show severe distress







Weekly U.S. crude oil imports from KSA (note they diverting them East..mainly to Japan to bring ⬇stocks in West )










OPEC/NON OPEC MONITORING COMMITTEE MAY RECOMMEND CONDITIONAL CAPS ON NIGERIAN AND LIBYAN OIL PRODUCTION ON MONDAY - SOURCES







Replying to 







Odds & Ends....





"Most" arms being supplied to Syrian rebels were going to radicals - Washington knew this by mid-2012. Took 5 more years to shut down flow.







Kim Jong Un not seen in public for several days