Middle East

WTI/RBOB Jump On Largest Crude Draw In 2017 Offset By Major Product Build, Rising Production

WTI/RBOB prices were at the lows of the day after last night's huge surprise inventory data from API, but kneejerked higher after DOE reported a surprisingly large crude draw (the biggest since Dec 2016. However, it's clear that refineries are on fire as gasoline and distillates inventories surged by the most in at least 3 months. US crude production rose once again to its highest since August 2015.

Security Forces Put On Alert As Trump Set To Ban Laptops On Planes Originating From Europe

Devices have already been banned on all flights originating from Turkey, Lebanon, Egypt, Saudi Arabia, Jordan and Tunisia and now British Intelligence sources have said they are bracing for more widespread implementation that could ban the devices on every flight leaving Europe for the United States, including those originating from major airline hubs in London.

Ukraine, Korea, Syria, Iran... Falsifying History Is Uncle Sam's Way To War

Russian President Vladimir Putin addressed the International Arctic Forum this week on the real and present dangers from falsifying history. He said such deliberate distortion of history erodes international law and order, creating chaos and leading to further conflict. The Russian leader deplored the use of history as an «ideological weapon» to demonize others, and he said that without proper understanding of history we are bound to repeat mistakes of the past.

Key Highlights From Trump's AP Interview

Following market moving interview with the FT and especially the WSJ, on Sunday the Associated Press released the full transcript from its interview with President Trump. Below, we point out some of the market-moving highlights.

Which Country Is America’s Biggest Enemy?

Between alleged interference in U.S. elections by Russia, recent nuclear posturing by North Korea, and chemical weapon atrocities in Syria – it’s hard to keep track of which country is supposed to be the bona fide number one “enemy” of the United States.

Did Russia Shoot Down US Missiles In Syria

“The missing [missiles] were either brought down by S-300 battery or were taken over by Russian electronic jamming and were plunged into the sea,” explains Dr. Karasik. “Now, this alternative theory means that the US and Russia have already clashed if you will—technically—with the use of the TLAMs (Tomahawk missiles) and then being intercepted or taken over by Russian control.”

Flying Is About To Get Even More Miserable...Well, At Least For Poor People

At a time when you would think the airlines would be a little more image conscious, you know because of that whole beating customers and dragging them off the plane thing that United did, they're apparently doubling down on efforts to make "Flying The Friendly Skies" the most miserable experience ever.