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CNBC Television published this video item, entitled “Wedbush’s Dan Ives on what he expects from Tesla’s Q2 delivery numbers” – below is their description.
Tesla reports its highly anticipated June quarter delivery numbers Thursday. Dan Ives, managing director at Wedbush Securities, joined “Squawk Box” on Thursday ahead of the report to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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A group of some of the world’s most powerful oil producers will meet on Thursday to decide the next phase of their production policy.
OPEC and non-OPEC partners, an energy alliance often referred to as OPEC+, convened via videoconference on Tuesday afternoon. A joint press conference is scheduled to take place following the conclusion of the meeting.
It comes at a time when OPEC+ is relatively upbeat about improved market conditions and the outlook for fuel demand growth following a sharp rebound in oil prices over the first six months of the year.
The Middle East-dominated producer group agreed to implement massive crude productions cuts in 2020 in an effort to support oil prices when the coronavirus pandemic coincided with a historic fuel demand shock.
The group, led by Saudi Arabia, has since initiated monthly meetings in a bid to navigate production policy and has already announced plans to increase supply by 2.1 million barrels per day between May and July. It will decide on Thursday whether to leave production policy unchanged or to ramp up supply further.
Analysts say the most probable outcome is for an increase of around 500,000 barrels per day in August.
Chris Midgley, global head of analytics at S&P Global Platts, told CNBC via email that OPEC kingpin Saudi Arabia would likely maintain a “cautious” approach to production policy. This is because Riyadh would prefer to see global demand increase before adding supply and remains concerned about when Iranian oil could return to the market, he said.
“OPEC is treading a tight rope to sustain more attractive prices without hurting consumer confidence while not adding too much supply ahead of the weaker Autumn shoulder period for demand,” Midgley said.CNBC Television YouTube Channel
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Middle East
4 Recent Items: Middle East
In This Story: S&P
S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. One division of the business, S&P Global Ratings, is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.
2 Recent Items: S&P
In This Story: Saudi Arabia
Saudi Arabia also has one of the world’s youngest populations, with approximately 50 percent of its population of 34.2 million being under 25 years old.