Today’s Issue Cluster: Oil
Japan – Jul: Factory activity shrinks for fifth month; 49.3 from 48.1 / R
China – Jul: Official manufacturing PMI contracts; 49.9 from 50.0 / R
China – Jul: Caixin manufacturing PMI jumps; 50.6 from 48.6 / B / WSJ
US – Jul: ISM Manufacturing Growth Cooled; 52.6 from 53.2 / B
US – Jun: Construction spending declines; -0.6% from -0.1% / MW
World – Governments Enjoy a Windfall in Low Borrowing Costs WSJ *
World – Negative yielding credits is growing fast / t *
World – GDP forecasts for 2016 / E *
World – Timid BOJ Move Raises Alarm for Other Economies WSJ
World – Size of BOJ, ECB Balance Sheets Approaching the Fed’s / b *
World – Global QE has never been greater r *
Prisons – Boot Camps Find Their Time Running Out WSJ *
Prisons – US Population Is Falling B *
Crops – It’s Not Easy Being Grains B *
Crops – World grain glut set to enter fourth year / FT *
Crops – Grain Stocks Growing High as an Elephants Eye IBD
Crops – Craft beer boom sends US to top of global hop charts FT * *
Oil – Market: This Glut’s Days Are Numbered b *
Oil – Market: Rally to resume later this year, demand to offset glut: poll R
Oil – Majors: Low Prices Hammer Companies WSJ / FT / NYT / B * *
Oil – Majors: Capex has plunged to $410b / b *
Oil – Inventories: No universal requirement on reporting WSJ *
Oil – North Sea: Shell Workers Threaten to Strike NYT
Oil – US: Firms Keep Cutting Jobs WSJ
Oil – Iraq: Islamic State Strikes Facilities WSJ
Oil – Iraq: Islamic State’s revenue dives as it loses territory R *
Oil – Iran: Crude Flows But The Money’s Stuck B *
Oil – Libya: Preparing to Export More After Deal Unblocks Ports WSJ
Oil – Kazakhstan: Acts after Romania blocks deal FT
Oil – Russia: Goldman’s Hopeful Call b
Oil – Russia: Output Rises Amid Arctic Circle Surge / b *
Oil – Market: Glut Shows Investors There’s Nowhere to Go But Down B *
Oil – Market: Supertankers turn UK into center of glut FT
Oil – Sand: The Industry’s Bellwether WSJ *
Abenomics lifts ‘quadrillion’ into the lexicon e * * *
