Daily Brief, Monday, January 6th, 2020
Today's topics include:- Oxy seeks to spin off its Western Midstream Partners unit to reduce balance sheet debt;- Equinor makes significant emissions-reductions pledges for its Norwegian operations;- Brent crude briefly touches $70 as fears of an oil s...
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Show Notes
Today's topics include:
- Oxy seeks to spin off its Western Midstream Partners unit to reduce balance sheet debt;
- Equinor makes significant emissions-reductions pledges for its Norwegian operations;
- Brent crude briefly touches $70 as fears of an oil supply disruption grow.
David Russell, VP of Content Strategy at TradeStation in Chicago joins the show today as well, to talk about how markets are reacting to recent actions in the Middle East, and observes which trends are having the most impact on global stock markets.
Also, as referenced in today's show, below is a link to a story on WorldOil.com that may shed some additional light on Oxy's timing of its Western spinoff:
https://www.worldoil.com/news/2020/1/3/permian-pipeline-competition-accelerates-as-capacity-exceeds-supply