Oil Prices Pull back on Concerns about Higher Global Production

According to these oil losses in future trading, global oil producers, are concerned with the bump up in the production of more oil to its expectancy by the investors. Investors reported that crude contracts are paring up with this big stemming loss earlier this weekend. According to president Trump, he tweeted that, Saudi Arabia is among the countries with bigger and high production potential of oil.

According to West Texas August crude New York exchange mercantile, the production of crude oil was pulling back at around 0.41 cents which were nearly 0.6% at a price of $73.75 per barrel. However, the past week on Friday there was a 1% raise. This led to a drop of $1.10 which is nearly 1.4% making it $78.15 per barrel in September. According to reports, in November 2014, west Texas recorded the highest production of crude oil notch and also registering strong monthly, weekly and first and second half gains in the year 2018.

Reports say that petroleum exporting countries prices are more driven by long-running efforts in anticipating of increase in supply and demand disruptions and more so low production by these countries. According to reports from this petroleum companies, exporting countries commodities sector had a raised performance at mid-year as compared to the first quarter of the year, this was due to the fact that most of the oil production was done around the mid-year. This has thereby pulled back oil prices in this countries hence leading to a drop in prices and raise in global production.

Investors on the other hand due to higher global production, they are anticipating uncertainties in the mid-year due to unexpected amid growth rate. According to wall street journal, the senior official in petroleum production in Saudi Arabia said that there is no specific promise has to be made on the production of oil rather there are demands which this country assures to meet.

According to chief commodity analyst, Bjarne Schieldrop at the SEB markets, he reported that it is problematic for the U.S in sanction compared to Iran.” According to experts, Iran and Venezuela are anticipated to market their oil at a loss of nearly 1.5 million of barrels by the end of this year during the oil day around the world.


AT&T Confirms Acquisition of AppNexus, for Reportedly Between $1.6B and $2B

Even though AT&T could have initiated this project from the ground, this would mean spearing down some bolts mainly on the IP addresses and nearly 400 to 500 engineers. Also, this would thereby exclude the existence of a new business to the already existing company.

According to AT&T, it stated that “as an investment company, we will and shall continue to build on and invest in AppNexus’ technology foundation as the company is side by side integrated with AT&T first and third party data, content and premium video distribution.”

AT&T continued saying that, “innovation is the strongest core to the heritage of both companies i.e. AT&T and AppNexus, and also we are excited to have an opportunity to future chart advertising course together,” said Brian O’Kelly the CEO of AppNexus.

In another statement, and I quote “combining our incredible asset with AT&T incredible technologies will extensively help marketers power and brands in their new advertising experience with their consumers. This is actually what the consumers are asking for and together we poise in delivering it.

Since 2 years ago, AppNexus has come from a long prepping for a formal IPO. The companies advertising technology was viewed as the next hottest tech which was set to go public. This was until the company’s IPO plans changed. As we speak, AT&T is talking on acquiring AppNexus for $1.6B to $2B according to Wall Street Journal.

AppNexus, on the other hand, operates on one of the greatest automated marketplace advertisement. Which allows consumers and customers to initially target their willing and ideal audience and more so purchase website space which they basically use in the targeting process.

According to the AppNexus companies CEO, selling of this company to AT&T makes sense. As a BI reported, all existing AD tech firms which initially went viral and public like Criteo and others like Rubicon have had their value slide in the most recent years.

According to AT&T, it has been a large AppNexus customer hence buying the company would not only add value but also give AT&T a strong and firm foothold in the digital world and more so in competing with bigger companies like google and yahoo. Also, this would provide revenue and cut offset losses in people by moving from traditional TV to digital packages.

Let’s say a new deal is to be announced this week. Then the AT&T would notify days just after it won the court approval at $85B on purchasing the Time Warner.