7 May 2015



Today’s Issue Cluster: Oil

Won – A burden for South Korean exporters
Nigeria – Boko Haram in disarray as government forces advance
Pipeline – How Canada’s oil will find its way to Gulf


MAJOR DATA POINTS

US – Week: Jobless claims hold near 15-year low; +3k to 265k / R / AP / B / WSJ


MARKETS

Yuan – China knocks on door of reserve currency club FT / b * * *

Won – A burden for South Korean exporters N / N * *

Kiwi – Can’t Quite Catch Aussie WSJ *

Real – Brazil buffeted by speculation over US rates FT * * *


ECONOMICS

Nigeria – Audit: state oil company siphoning revenues FT *

Nigeria – Central bank chief proposes selling down oil assets FT * * *


POLITICS & FISCAL POLICY

Nigeria – Boko Haram in disarray as government forces advance R * *

Nigeria – Divisions to Test Nation’s New Leader WSJ *


MONETARY POLICY



FINANCE



REAL ESTATE

US – CoreLogic: House Prices up 5.9% cr *

US – Americans are running out of places to rent bi *

US – New Homes Have Become Much Bigger wsj * * * *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

EU – Announces Plans to Create Digital Single Market WSJ / FT / NYT *

EU – Opens Antitrust Inquiry Into E-Commerce Sector NYT

EU – Delays Decisions on Tax Probes into Apple, Amazon WSJ


TRADE & TRANSPORTATION

Pipeline – How Canada’s oil will find its way to Gulf G&M * *

Pipeline – Grass-Roots Push to Block the Keystone’s Path NYT

Pipeline – ‘Debunking claims Keystone would only ship Canadian crude’ CP

Pipeline – TransCanada Asks US Permission for Upland Project WSJ

Pipeline – SD legal wranglings adds to Keystone headaches FP

Pipeline – Map of US Oil Lines / bp *

Pipeline – First Nation offered C$1b to support project FT / G&M / G&M * *

Pipeline – Gatekeeper of Energy East has mixed environmental record R *


COMMODITIES

Commods – Rises hint at global reflation R *

Commods – Fate linked to dollar FT *


ENERGY & ENVIRONMENT

Oil – Rebound tests its limits FT / WSJ / B / NYT / R

Oil – Alberta industry fears ‘lowest royalties’ threatened by NDP FP / B / R / WSJ / FT / NYT

Oil – US Worries Key Iraqi Refinery Could Fall to Islamic State WSJ

Oil – Mideast using a record number of drilling rigs B *

Oil – Industry Debt Mounts Up WSJ *

Oil – Refining Business Softens Blow From Crude Drop WSJ *

Oil – Majors’ Quandary: Why Drill When They Can Buy? WSJ *

Oil – China Industry Resists Proposal to Merge Companies WSJ *

Oil – Fallout of Energy-Price Crash Spreads WSJ *

Oil – Majors face a real risk of stranded assets WSJ *

Oil – Plastic recyclers feel the squeeze after price crash FT * * *

Oil – Fracking: The energy revolution that shook the world FT *

Oil – ‘Shale looks more like dotcom boom than Lehman debt bubble’ FT

Oil – ‘Boost from lower prices is smaller than you might expect’ E *

Oil – Prices: Two Experts Make Their Conflicting Cases WSJ * *

Oil – What the Future of Drilling Will Look Like WSJ *

Oil – Peak Demand: Within two decades, use will start to fall WSJ *


HEALTH



ENDNOTE

The states where women’s heels are the highest wapo *


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