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Analysts were surprised that five rigs were added in the Permian Basin despite the big price differential between Midland and WTI due to pipeline bottlenecks. They considered the pipeline bottlenecks as a big threat against production growth of the Permian Basin.

Andru Edwards with some of his gift picks in the KIRO-FM studios. (Erynn Rose photo)

Analysts believe that Trump's intentional use of "China Virus" is to distract US public from the wide criticism of his missteps in his early denial to the seriousness of the pandemic. Now with stock market gains in the past three years totally wiped out, he is eager to play blame game, especially in a presidential election year. Some, such as California Congressman Ted Lieu, have accused Trump of stoking xenophobic panic in a time of crisis.

And, in typical Ellison style, the tech pioneer is not mincing words about the top dog in cloud computing, declaring that Amazon’s “lead is over” and that they are about to get some “serious competition going forward,” according to a recap by ZDNet?and USA Today of Ellison’s talk Sunday during a keynote address at the OpenWorld conference in San Francisco.

Analysts said some SOEs in the energy and heavy industry sectors suffer from overcapacity, and the integration will help reduce overcapacity and take advantage of both companies' strengths and resources.