October 1st, 2019
The loosely formed Federation of Arab Emirates will take another stab at consolidating Bahrain, Qatar, Abu Dhabi, Dubai, Sharjah, Ras al-Khaimah, Ajman, Umm al-Qaiwain and Fujairah into a united governmental entity with a capital, president and percentage representation of each state in its government.
U.S. drilling continues to ride its best surge in 10 years, thanks largely to new activity in Alaska, Arkansas, Colorado, Oklahoma, Mississippi and Kansas.
U.S. active rig count: 1,220
Exxon files claims against the US Coast Guard to recover costs of the Exxon Valdez tanker spill in Alaska’s Prince William Sound, claiming Coast Guard negligence was partly to blame.
Mining Kuwait’s oil fields, Saddam Hussein takes the first step towards implementation of his threat to destroy oil production facilities in the Persian Gulf if his forces in Kuwait are attacked.
WTI crude: $36.83/bbl
U.S. active rig count: …