Saudi Arabia Turns Off the U.S. Oil Tap

At last, Saudi Arabia seems to be doing what it takes to reduce the world's most visible oil glut: the one in the U.S. Unfortunately, its renewed vigor comes as OPEC's deal to reduce excess crude stockpiles starts to show signs of unraveling elsewhere, a subject that will be wrestled with by the group's oil ministers as they and other producer nations meet in St Petersburg on Monday.  Weekly U.S. crude oil imports from Saudi Arabia have fallen sharply since early June Data published last week by the U.S. Energy Information Administration show that imports from Saudi Arabia in the week to July 14 fell to their lowest for seven years: just 524,000 barrels a day. For sure, one week's number doesn't

A 'big fall' in markets is coming as traders put record cash to work

In global markets, all signs of sentiment are pointing up. First, private client cash levels have dropped to a record low as a percentage of total assets, according to data compiled by Bank of America Merrill Lynch. Institutional investors are also holding the lowest levels of cash since the start of the eight-year bull market, survey data compiled by Citigroup show.

• Wait For Signs Of A Correction

  Forbes
• 
  Now Everybody's Doing It

  Bloomberg

Branding Expert: Chipotle Should Change Its Name To Improve Image

A new foodborne illness scandal requires a total re-brand at Chipotle Mexican Grill Inc. (CMG) , according to one branding expert. Shares of Chipotle dropped 3.3% to $344.45 by Friday's close, hitting new 2017 lows, as Chipotle grappled with twin PR crises. Public health officials confirmed that a customer at a Chipotle location in Sterling, Va. is ill with norovirus, while data from food poisoning crowdsourcing website iwaspoisoned.com indicates that over 100 customers at that location also fell ill. The same week, customers complained that a Dallas location had rats "falling from the ceiling." "The event that occurred at this restaurant is consistent with Norovirus which can be introduced by

• 
  A Mischief of Rats Fell from a Chipotle Ceiling

  Esquire
• UPDATE: Chipotle earnings: Media coverage of the latest illness scare will put earnings targets at risk

  morningstar.com