Watson’s Weekly 16 -12-2023

This is an amalgamation of the “best bits” of the daily weekday newsletter/blog woven together to form a concise and coherent view on the things that matter in the commercial and economic news of the week. 

THE COLOURED HIGHLIGHT REFERS TO THE EDITION WHERE THE STORY APPEARED IN WATSON’S DAILY. Clicking on the day will take you to the appropriate edition of Watson’s Daily.

IN BIG PICTURE NEWS...

This was the week when the central banks did *ugger all, businesses got an MI5 briefing and Trainline got a major reprieve…

IN OIL NEWS…

  • OPEC+ has hit a new low in market share, according to the IEA. It shows that OPEC+’s market share in oil is now 51% as demand growth has slowed down and US output has increased. This potentially means that output cuts or increases will have less of an effect on the oil price.
  • Occidental put in an offer to buy CrownRock in a cash-and-shares deal worth $11bn as the shale industry continues to consolidate.

IN COMMODITIES NEWS…

IN COP28 NEWS…

IN CRYPTO NEWS…

IN BUSINESS, EMPLOYMENT & CONSUMER TRENDS NEWS...

IN BUSINESS TRENDS…

IN EMPLOYMENT TRENDS…

IN CONSUMER TRENDS…

IN RETAIL NEWS...

IN TECH NEWS...

IN AUTOMOTIVE NEWS...

IN OTHER NEWS...

BANTER

Anyone who knows me well will easily be able to guess my favourite “alternative” story of this week – it was the one with the amazing-looking chocolate pizza! It looks amazing (but perhaps not amazingly healthy 🤣)!