The 800-Lb Gorilla Between U.S. Shale Producers And A Big Comeback: Decline Rates

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By Mark Finley

It’s been a rough year for US shale producers.  Prices collapsed, investment collapsed, the rig count collapsed, jobs collapsed.  And production collapsed: Indeed, in recent months we’ve seen the fastest oil production drop in US history.  

But things are looking up.  Prices have recovered, with the US benchmark of WTI now near $43…the highest since the Saudi-Russia price war that followed the onset of the COVID-19 pandemic.  The rig count has stabilized; the frac count is increasing.  Moreover, the economy is recovering, stimulus programs have been adopted and Interest rates are at record lows.

In the last big price collapse in 2015,

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Britain’s Central Bank Could Cut Rates Below Zero, Chief Says

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Here’s what you need to know:

Credit…Daniel Leal-Olivas/Agence France-Presse — Getty Images

The Bank of England’s new head, Andrew Bailey, said Friday that his central bank was “not out of firepower,” noting that it could cut interest rates below zero if necessary.

Mr. Bailey, who started his job in March and was delivering a speech at the Kansas City Fed’s virtual Jackson Hole symposium, underlined that he and his colleagues saw negative rates as a possible tool to stoke economic growth at a time when interest rates were already at very low levels across advanced economies.

The central bank has “made clear that our box does include other tools, including the possibility of negative rates,” Mr. Bailey said. “We are not out of firepower by any means, and to be honest it

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Low rates and heavy buyer demand send US home sales surging

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Stock Market News: Fed Keeps Rates Near Zero

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Here’s what you need to know:

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Economy’s Path Forward Is ‘Extraordinarily Uncertain,’ Powell Says

Federal Reserve Chair Jerome H. Powell said a full recovery was unlikely until Americans felt safe to “re-engage in a broad range of activities.”

The current economic downturn is the most severe in our lifetimes. It will take a while to get back to the levels of economic activity and employment that prevailed at the beginning of the year. And it will take continued support from both monetary and fiscal policy to achieve that. As we have emphasized throughout the pandemic, the path forward for the economy is extraordinarily uncertain, and will depend in large part on our success in keeping the virus in check. Indeed, we have seen some signs in recent weeks that the increase in virus cases and the renewed measures to control it are starting to weigh on

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Mortgage rates plunge to new low, but you may need to hurry

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For the fifth time since early March, mortgage interest rates have dropped to a record low in a closely watched survey that’s been tracking rates since 1971.

Mortgage giant Freddie Mac says its weekly survey could show even lower rates later in the year.

But rates could rise in the near term as investors react to the government’s blockbuster jobs report for June. America’s unemployment rate fell from 13.3% to 11.1% last month as employers coming out of coronavirus lockdowns added a record 4.8 million jobs.

Whenever positive economic news pushes stocks higher, interest rates tend to rise, too. So if you’re hoping to score an unbelievably low mortgage rate to buy a home or refinance right now, you may need to move quickly.

Mortgage rates hit another record low

Andrii Yalanskyi / Shutterstock
Low mortgage rates have shattered their record yet again.

Mortgage rates have been in

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Healey pushes insurance regulators to cut Massachusetts auto rates amid coronavirus pandemic

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Attorney General Maura Healey is asking the state to make auto insurance companies cut rates during the coronavirus crisis, when travel has dropped significantly.

“There is already data showing a large decrease in travel in Massachusetts,” Glenn Kaplan, chief of Healey’s Insurance & Financial Services Division, wrote in a letter Monday, saying that recent data has shown that people are traveling 50% to 55% less.

The letter was sent to Commissioner Gary Anderson of the Massachusetts’ Division of Insurance, which regulates the providers.

The DOI said in a statement that it’s working with insurers individually, and will keep doing so. A spokewman said, “As a direct result of conversations the Division of Insurance has had with a number of carriers, as of Friday, April 10, carriers representing 80% of the private passenger auto insurance market have filed or identified that they will file to make these refunds.”

Healey said in

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Travel Money: The best foreign exchange rates

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Compare Our Best Mortgage Rates

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Mortgage term: most people opt for a 25-year term when they take their first mortgage out – but you can choose a longer or shorter period of time. If you opt for a longer term, your repayments will be lower but it will take you longer to pay off the debt. The shorter the term, the sooner you’ll be mortgage free. So the shortest term with the most affordable fee is often a better option.

Deal length: given that most mortgage products have an early repayment charge (ERC) if you end the mortgage deal early, it’s important to think about how long you’re happy to tie yourself in for. For example, if you think you might move in the next few years, you’d be better off going for a two or three year product rather than locking into a five year product. It can cost thousands of pounds to get

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Online Personal Loans – Easy Personal Loan Eligibility & Loan Interest Rates

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Click on    to expand and on    to minimize the details.

You can use the funds to pay for medical expenses, to renovate your home, take a trip, finance a wedding in the family, replace your home theater system, or anything else that you’ve always wanted to do but were held back by lack of funds. It’s your choice. With loan amounts up to Rs.30,00,000 and fixed monthly payments, there’s a lot you can do with a Citibank Personal Loan.

*Please note that exceptions to the use of Citibank Personal Loan include antisocial, unlawful, or speculative activities, and purchase of gold in any form, including gold bullions, gold coins, gold jewelry, gold exchange traded funds, or gold mutual funds. Apart from that, you are free to use the funds for anything you want to.

Your Citibank Personal Loan funds can be available to you within 48 hours (or 2 working

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Great Rates. Great Benefits. SoFi.

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Important: Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile and involve a high degree of risk.

Investment Products:



ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

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SoFi Money is a cash management account not a bank account, and is offered by a broker dealer. SoFi Money is a brokerage account. Neither SoFi nor its affiliates is a bank.

This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance.

SoFi Money is offered through SoFi Securities LLC.

1The SoFi Money® Annual Percentage Yield as of

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