17 November 2015



Today’s Issue Cluster: Oil

Canada – Oil slump fallout starting to hamper other industries
Ship – Floating oil storage rises as glut widens
Pipeline – Energy East prospects improve with Keystone demise


MAJOR DATA POINTS

Germany – Nov: ZEW Investor sentiment rebounds; 10.4 from 1.9 / AFP / B

US – Oct: Rising CPI supports rate hike views; +0.2% from -0.2% / R / B / WSJ * *

US – Oct: Industrial production falls for second month; -0.2% from -0.2% / WSJ

US – Nov: NAHB Home-builder Confidence Declines; 65 from 62 / WSJ


MARKETS

Australia – Funds Hoard Cash, Fearing Market Turmoil WSJ *


ECONOMICS

Australia – Economic diversity helps navigate commodity slump FT *

Canada – Oil slump fallout starting to hamper other industries G&M

Canada – How is it doing these days? ft * * * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

Australia – Builds Bank Fortresses Before Housing Market Crumbles WSJ *


REAL ESTATE

Canada – Vacancies New Norm for Calgary Tower Owners B *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Floating oil storage rises as glut widens FT

Rail – Roads Lose Challenge of Oil-Train Rules WSJ

Rail – Keystone demise won’t necessarily lead to boom CBC

Pipeline – The Hottest Energy Trade: A Ride Aboard Colonial WSJ *

Pipeline – Keystone rejection sends a chill over Canada’s energy industry G&M *

Pipeline – Energy East prospects improve with Keystone demise CBC *


COMMODITIES



ENERGY & ENVIRONMENT

Oil – Prices seen under pressure as Paris attacks spark demand worries R

Oil – Airstrikes Target Islamic State Oil Assets WSJ

Oil – Approaching $40 Deepens Investor Pessimism B *

Oil – Global inventory stands at record level B / FT / B / NYT / B *

Oil – OPEC Challenges Shale Afresh as Iraq Crude Floods US B *

Oil – Glut to swamp demand until 2020 FT / B *

Oil – Saudi Arabia will not stop pumping to boost prices FT / B *

Oil – Opec’s Strategy Seen Potentially Backfiring WSJ / WSJ

Oil – Russia’s Rivalry With Saudis Masks the Bigger Iranian Threat B *

Oil – Board Turmoil Hits Brazil’s Petrobras WSJ *

Oil – Dividends Survive Plunge in Prices WSJ *

Oil – Struggling US producers get credit lifeline R *

Oil – Slump Forces Deep Cuts by Service Providers WSJ *

Oil – ‘Keystone rejected, Exxon investigated—this doesn’t end well’ B *


HEALTH



ENDNOTE

Canadians make up less than 50% of NHL players for the first time bi *


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