Oil Prices Drop as US Output and Opec Exports Rise

Oil prices edged lower on Friday and were on track for weekly losses, weighed down by rising Opec exports and strong output from the US. Brent crude futures, the international benchmark, were trading at $51.61 a barrel at 9.58am GMT, 40c below the last close and heading for a fall of more than 1.5% on the week. US West Texas Intermediate (WTI) crude futures were 40c lower at $48.63 a barrel and were set to drop by just more than 2% for the week.
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20 Beautifully Illustrated Alternative Movie Posters

At a time when official movie poster reveals are arguably as exciting as opening weekends, it’s no wonder so many creatives are carving out time to create their own alternative movie posters—whether for a client, for self-promotion or just for fun. Similarly, it’s no wonder we can’t help but drool over all the beautiful illustrated and painterly work we’ve seen lately. That’s why we’ve rounded up 20 of our favorite unofficial posters below. You may not have seen these illustrated posters in the wild during the respective film’s marketing campaign days, but they’re just as fun to look at now.
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Oil Trades Near $49 on Signs U.S. Stockpiles Unexpectedly Rose

Futures slid as much as 1.2 percent in New York after losing 2 percent Tuesday, the first drop in seven sessions. Inventories rose by 1.78 million barrels last week, the American Petroleum Institute was said to report. A Bloomberg survey showed nationwide stockpiles fell for a fifth week. OPEC output climbed in July as Libya boosted supply, according to a Bloomberg survey of analysts, oil companies and ship-tracking data. “Prices are under pressure as the recent gains are seen as unsustainable,” said Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt. “The API is contributing to the overall situation, and should the DOE data confirm the trend, it’s likely to weigh on prices,” he said, referring to the U.S. Department of Energy figures due for release on Wednesday. Click Read More below for additional details.
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Oil Rises Above $50 as OPEC Trims Exports, Sets Meeting on Cuts

“There’s been some constructive developments coming out of OPEC,” Tamar Essner, an energy analyst at Nasdaq Inc. in New York, said by telephone. “The data out of OPEC has been bearish.” Oil has rebounded on growing signs that the market is coming back into balance, with futures climbing above the 200-day moving average last week for the first time since May. Members of the Organization of Petroleum Exporting Countries such as Saudi Arabia and Kuwait promised to reduce crude exports. U.S. crude stockpiles have been on a steady decline and are estimated to have dropped further last week. Click Read More below for more of the story.
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Oil Near $50 as Traders Await U.S. Reaction to Venezuelan Vote

Oil gained last week to rise above its 200-day moving average for the first time since May as concerns eased that efforts by the Organization of Petroleum Exporting Countries and its allies to curb output will be offset by rising production elsewhere. Police in Venezuela clashed with demonstrators after a vote Sunday to elect members of a new legislative body that President Nicolas Maduro insisted is needed to restore order after months of protests. “Depending on how the Trump administration decides to proceed going forward, of course that could have implications,” including potentially blocking imports of Venezuelan crude, said Harry Tchilinguirian, a commodities analyst at BNP Paribas SA in London. “It’s very unclear at this stage what course the U.S. administration will follow.” Click Read More below for additional details.
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Oil Surges Above $49 as Supply Draw Shows Market in Better Shape

Futures climbed 0.6 percent in New York for a fourth day of gains. Kuwait joined the U.A.E. in promising to pump less oil after Saudi Arabia called on OPEC producers to cut more supply. U.S. crude inventories declined by 7.21 million barrels last week to the lowest level since early January, according to the Energy Information Administration. The market is digesting “very strong draws in inventories across the board,” Adam Wise, who runs a $8 billion oil and natural gas bond and private equity portfolio at John Hancock Financial Services Inc. in Boston, said by telephone. “We’ve also seen comments out of Saudi Arabia supporting prices in the form of export reduction. Sentiment is finally being forced to pay attention to the fundamentals.” Click Read More below for additional details.
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Oil majors sustain profits despite crude’s slide

Three years into a dramatic slump in oil prices, big oil companies seem to have adapted their businesses to a point where they can still generate cash and reduce debt levels even at current oil prices. European oil giants Royal Dutch Shell PLC, Total SA and Statoil ASA kicked off the sector's second quarter earnings Thursday season with a flurry of reports that highlighted growing cash flow and sustained profits. Though notably better than at the start of 2016 when the price of crude plummeted to $27 a barrel, oil is still more than 50% weaker than in 2014 when prices started to fall. The supply glut that sparked the crash has proved stubbornly persistent despite efforts by the Organization of the Petroleum Exporting Countries and other major producers to limit output, prompting several large banks to cut their oil price forecasts in recent months. Click Read More below for more of the story.
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Oil prices rise for 3rd straight session after report of falling US crude stockpiles

Oil prices rose for a third straight session on Wednesday as a reported fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures were up 17 cents to $50.37 a barrel by 7:05 a.m. ET (1105 GMT). U.S. West Texas Intermediate futures climbed 28 cents to $48.17 a barrel. Both contracts rose to eight-week highs earlier in the session and rallied more than 3 percent on Tuesday. Click Read More below for more of the story.
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Oil Extends Advance to $47 as Saudis Pledge Deep Export Cuts

Futures in New York added as much as 1.6 percent after rising 1.3 percent Monday. Saudi Arabia will cap shipments at 6.6 million barrels a day in August, 1 million lower than a year earlier, said Energy and Industry Minister Khalid Al-Falih. In the U.S., Halliburton Co. and Anadarko Petroleum Corp. signaled that the investment in shale fields may finally be succumbing to the oil price slump. “Yesterday’s Saudi decision to cut exports still lingers in the market,” said Bjarne Schieldrop, chief analyst for commodities at SEB Markets. The headlines that the U.S. shale oil boom is easing are also driving futures higher, he said. Click Read More below for more of the story.
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Oil Rises as Saudi Arabia Pledges Deep Cut to August Exports

Futures rose as much as 1 percent in New York. Saudi Arabia, OPEC’s largest producer, will limit exports to 6.6 million barrels a day in August, 1 million lower than year earlier, Minister of Energy and Industry Khalid Al-Falih said after a meeting with fellow producers. The nations gathering in St. Petersburg, Russia, made no major changes to their wider supply agreement, stopping short of capping output of Libya and Nigeria. "Some countries continue to lag" in their compliance "which is a concern we must address head on," Al-Falih told reporters before the meeting ended. While other producers support the recovery in output from Libya and Nigeria "the committee, however, should monitor the impact of such growth in supply on global supply-demand balances." Click Read More below for additional detail.
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Oil Falls on Report Showing OPEC Deal Compliance Falling in July

Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the market will stay awash with crude. Petro-Logistics, which tracks OPEC supply forecasts, said OPEC crude production would rise by 145,000 barrels per day (bpd) this month, taking the group's combined output above 33 million bpd. Higher supply from Saudi Arabia, the United Arab Emirates (UAE) and Nigeria would drive this month's gains, it said.
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Why You Should Care About the Product Ownership Experience

According to Liz Miller, SVP of marketing and programs for the CMO Council, customers have gotten so used to brands personalizing every step of their buyer journey that they now expect to receive that same level of personalization in the post-purchase, product ownership phase of their experience. "They're going to start expecting that same level of personalization and engagement you wooed them with to buy,” she says. “They're going to want that even more so because they're a customer.”
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Oil Steady After Drop in Fuel Stocks Stokes Demand Hopes

Oil prices were steady on Thursday, holding gains made the previous session after falling U.S. crude and oil product inventories lifted the market. Brent crude futures LCOc1, the international benchmark for oil prices, stood at $49.72 per barrel at 0939 GMT, 2 cents up from their last settlement. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.10 per barrel, 2 cents below their last close.
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The Results Are In: Paper Remains the Preferred Technology for Productive Learning

Despite technology’s prominence in the 21st century, when it comes to education and productivity, students and parents still prefer the oldest technology, paper. In fact, the clear majority of parents (96 percent) feel that paper is essential to learning. The recently released, Paper and Productive Learning: The Third Annual Back-to-School Report from the Paper and Packaging Board (P+PB), reveals that 93 percent of college students and 87 percent of 7-12 grade students believe that paper is an essential part of being able to achieve their educational goals.
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The Paper Coupon Makes a Comeback

“Paper coupons are cool again,” reports Marketplace, and being from the printing industry, we won’t complain. We’ve written about the rapidly growing direct mail industry and the benefits of developing print and digital communications that work together harmoniously. Now, in an article from Marketplace, which highlights the benefits that marketers are seeing from printed coupons, it’s evident that other industries feel the same way.
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5 Ways Publishers Can Hyper-Target Print Like Digital Marketers

Marketers’ disgust with online ad fraud has created an opening for our industry, but we’re not ready to take advantage of it. Our out-of-date, out-of-synch approaches to magazine advertising proposals are holding us back from taking advantage of this new opportunity. Judging from my interactions with advertising sales reps, they’re seeing fewer digital-only RFPs these days and more media-agnostic ones. Marketers who were in the “print is dead” camp now seem intrigued with the ability of print to engage their most valuable prospects. But simply buying ad pages in general-interest magazines is not their idea of effective targeting.
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Strong Gasoline Demand Lifts Oil, but High OPEC Supplies Temper Gains

Oil rose on Wednesday, supported by strong demand for gasoline, but rising output from OPEC producers revived concerns about a persistent overhang of excess crude. Brent crude futures LCOc1 were up 21 cents at $49.05 a barrel by 1204 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up 14 cents at $46.50 a barrel. While U.S. crude stocks rose by 1.6 million barrels to 497.2 million barrels in the week to July 14, gasoline stocks fell by a whopping 5.4 million barrels, the American Petroleum Institute said on Tuesday.
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Karen Alsop To Share ‘Story Art’ At Adobe Max

Her photographic and digitally-altered photographs are filled with anthropomorphized animals, peacefully surreal settings and a lack of physical and gravitational limitations. The portraits, part real-world representation and part imaginative adaptation are all possible because of the creativity, passion, and artistry of Karen Alsop, a Melbourne, Australia-based teacher/photographer/digital artist. Composed of bits and pieces of photographs (oftentimes just lighting, an angle, or a fraction of an image), brushes she’s created in Photoshop, repeated visits to ideal locations, and stand-ins for subjects who aren’t available, every image has one thing in common: It begins with a story.
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B2B Buyers and Sellers Need to Fix Their Relationship

There's something terribly wrong with the buyer-and-seller relationship in the B2B world. Sixty-five percent of B2B buyers rank salespeople as “average” or “poor”, according to a new study by Discover.org and sales linguist Steve W. Martin. As the study's blog post notes, there's already a lot of distrust and skepticism associated with salespeople — in-depth RFPs and product demos are evidence of that. However, the study shows that the 35% of respondents who held “good” or “excellent” views were willing to take more risks, like adopt a new product or experiment with a new trend.
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Oil Climbs as Firm Demand Absorbs Ample Supply

Oil rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves. Benchmark Brent crude LCOc1 was up 70 cents at $49.12 a barrel by 1150 GMT, while U.S. light crude oil CLc1 was 65 cents higher at $46.67.
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The Diplomat Revives Mystique of A Bygone Era

The Diplomat, a venerable outpost on the South Florida coast, has been refreshed and relaunched with the help of the Korn Design team. Principal Denise Korn says that her primary goal was to bring back the mystique and ethos of a bygone era, and reintroduce it as a vibrant hub and destination. Her solution is to a combination of “owning the beach” in the new name, The Diplomat Beach Resort, and reinjecting the entire property with a sense of “something new under the sun.”
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Pentagram’s Bold Brooklyn Brand For City Point

Recently opened with great fanfare, City Point is the largest food, shopping and entertainment destination in the center of downtown Brooklyn. The 1.8 million square foot mixed-use development is poised to dramatically transform the area. Pentagram’s Michael Gericke and his team designed a bold Brooklyn identity for the project, including its brand positioning, advertising, signage and large-scale environmental graphics.
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Oil Edges up Towards $49, U.S. Drilling Slowdown Supports

Oil edged up to about $49 a barrel on Monday as fewer drilling rigs were added in the United States, helping ease concerns that surging shale supplies will undermine OPEC-led production cuts. U.S. drillers added two oil rigs in the week to July 14, bringing the total to 765, Baker Hughes (BHGE.N) said on Friday. RIG-OL-USA-BHI Rig additions in the past four weeks averaged five, the slowest pace since November. Expectations that a long-awaited crude market rebalancing was under way was also bolstered by the sharp drop in U.S. crude inventories in the week to July 7.
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Oil pipeline rupture in Texas spills 1,200 barrels of crude

Authorities say nobody has been hurt after a contractor accidentally cut an underground crude oil pipeline in Central Texas and caused about 50,000 gallons (189,265 liters) to spill. A spokesman with Magellan Midstream Partners of Tulsa, Oklahoma, says cleanup has begun at the rural site near Bastrop, about 30 miles (48 kilometers) east of Austin. Emergency responders ordered a 1-mile (1.6-kilometer) area evacuated around the spill location, as a precaution. Nearby Farm-to-Market 20 was closed in both directions. Click Read More below for more of the story.
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Oil Slides as IEA Grows Less Confident on Global Rebalancing

Oil remains in a bear market on concern rising global supply will offset curbs by the Organization of Petroleum Exporting Countries and its partners including Russia. OPEC’s first assessment of world markets in 2018 suggested that its current output of 32.6 million barrels a day -- swollen by a recovery in Libya and Nigeria that are exempt from the cuts -- will be too high. “Given how the rebalancing process appears to be taking its time, it will be difficult to avoid having the discussion with Libya and Nigeria of eventually capping their output, provided of course the gains in the two countries are sustained,” said Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas SA in London. Click Read More below for more of the story.
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OPEC’s oil output jumps again in June as the group struggles to end the crude glut

OPEC's oil production rose again in June, driven by increases in Libya and Nigeria and as top exporter Saudi Arabia reported it pumped more than it agreed to last year. The producer group's total output jumped by about 393,500 barrels a day to a total of 32.6 million barrels a day last month, according to independent assessments cited by OPEC in a monthly report. The increases came despite the producer group extending a deal to limit production in May. Click Read More below for additional detail.
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Oil Trades Near $44 as Goldman Says OPEC Action Is Insufficient

Futures slid 0.5 percent after advancing 1.2 percent earlier. Oil may slip below $40 unless there are sustained inventory declines and a drop in the rig count, according to Goldman Sachs. U.S. crude stockpiles probably fell by 2.85 million barrels last week, a Bloomberg survey showed before an Energy Information Administration report Wednesday. “The market is still searching for a new equilibrium, and in particular for a lower band for the oil-price range,” said Jan Edelmann, an analyst at HSH Nordbank AG in Hamburg. Investor sentiment is “close to its lows,” which may cause a “renewed downswing in prices to sub-$40.” Click Read More below for additional detail.
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Oil Falls as Talk of Libya, Nigeria Caps Can’t Dispel OPEC Doubt

Futures were down 1 percent in New York, extending last week’s 3.9 percent drop. The two African producers, who were exempt from supply cuts because of internal strife but are now recovering, have been invited to a July 24 meeting in Russia to discuss whether their production has stabilized, Kuwait’s Oil Minister Issam Almarzooq said in Istanbul. BNP Paribas SA sharply reduced its price forecasts for this year and next because supply growth elsewhere is diluting the impact of the OPEC-led curbs. Oil in New York and London remains in a bear market amid concerns elevated global oil inventories and rising supply will offset curbs by the Organization of Petroleum Exporting Countries and its partners including Russia. Libya and Nigeria together added 440,000 barrels a day of production in May and June as fields restarted, according to data compiled by Bloomberg. It’s premature to talk about deepening output cuts, OPEC Secretary-General Mohammad Barkindo said in Istanbul. Click Read More below for more of the story.
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Oil Heads for Weekly Loss as Doubts Over Rebalancing Persist

Futures dropped as much as 2.8 percent even after U.S. data on Thursday showed the nation’s crude stockpiles dropped by 6.3 million barrels, three times as much as expected. Investors remain doubtful that OPEC-led production cuts will clear a global glut, after Russia ruled out deepening the measures and Saudi Arabia showed less commitment than earlier in the year. “Oil remains volatile, unable to hold onto gains even after strong inventory draws in the U.S.,” said Jan Edelmann, an analyst at HSH Nordbank AG in Hamburg. “While the strong draws are a step in the right direction, multiple weeks of the same are now needed for the rebalancing.” Click Read More below for additional detail.
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TNT Express Operations Update

All TNT depots, hubs and facilities around the globe are open, operational and working to quickly clear any backlogs, and most TNT services are now available. TNT continues to make significant progress in resuming full services and bringing critical systems back online. These remediation efforts are being carried out methodically to ensure the integrity of TNT’s information systems and operations. Contingency plans that make use of both FedEx Express and TNT networks will remain in place to minimize impacts to customers, including offering the full range of FedEx Express services as alternatives. Some customers may continue to experience delays in service and access to package information. Click Read More below for additional detail.
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Oil Rebounds From Biggest Slump in Four Weeks on Stockpile Drop

Futures climbed as much as 1.7 percent in New York, paring Wednesday’s 4.1 percent loss. Crude and gasoline inventories both dropped by more than by 5.5 million barrels last week, the American Petroleum Institute was said to report. Government data Thursday is also forecast to show supplies fell. Oil remains in a bear market amid concerns that rising supply from Libya to the U.S. will counter production cuts from the Organization of Petroleum Exporting Countries and its partners including Russia. American crude stockpiles are more than 100 million barrels above the five-year average. Click Read More below for additional detail.
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Flint Group launches XCURA EVO – the new generation UV LED Sheetfed Process Ink.

Continuing the pioneering trend; first to market with new technology and breakthrough sheetfed ink formulations, Flint Group today announces the global launch of its latest version UV LED process inks, XCURA EVO. ““EVO” is short for evolutionary,” explains Trevor Amps, Global Product Management Director for Energy Curing inks. “This signals a step change from our world renowned XCURA formulations which, for the past four years, have served our customers very well as an industry leader. XCURA EVO is our next generation offer to the UV LED and low energy sheetfed market, and we are very pleased to announce its global launch today.” “More and more sheetfed press manufacturers are heading their technology development with LED and low energy curing, and we see growing numbers of retro-fit conversions from lamp providers and OEMs as well,” stated Mr Amps. “Some of the main drivers encouraging commercial printers to switch to UV LED are improved efficiency, reduced energy costs and the ability to break into new markets. XCURA EVO helps to maximise all of these with its excellent flow characteristic, superb transfer and high gloss.” Click Read More below for additional detail.
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Crude Tumbles After Russia Said to Oppose Deeper Production Cuts

Futures dropped 1.7 percent in New York, snapping eight straight sessions of gains. Russia wants to continue with the current deal and any further supply curbs would send the wrong message to the market, according to government officials. The U.S. dollar gained, reducing the appeal of commodities denominated in that currency. While prices have surged during the past week, oil remains in a bear market after concerns that rising global supply will offset output cuts from the Organization of Petroleum Exporting Countries and its partners. Libya and Nigeria, exempt from the OPEC-led curbs, accounted for half of the group’s production boost last month, according to data compiled by Bloomberg. Click Read More below for more of the story.
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Oil Trades Near Three-Week High After U.S. Drilling Slows

Futures were little changed in New York after rising 8.3 percent the previous seven sessions. U.S. drillers targeting crude reduced the number of active rigs for the first time in 24 weeks, according to Baker Hughes Inc. data on Friday. Libya’s oil production climbed to more than 1 million barrels a day for the first time in four years, according to a person with direct knowledge of the situation. While prices surged last week, oil in New York and London still posted a monthly loss in June after tumbling into a bear market on concerns that rising global supply will counter cuts from the Organization of Petroleum Exporting Countries and its partners. There are signs of a slowdown in the U.S., but Libya is adding more oil to the market as it restarts fields that are exempt from OPEC’s production curbs. Click Read More below for more of the story.
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