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000-955 - High Volume Storage Fundamentals V2 - BrainDump Information

Vendor Name : IBM
Exam Code : 000-955
Exam Name : High Volume Storage Fundamentals V2
Questions and Answers : 69 Q & A
Updated On : December 13, 2018
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000-955 exam Dumps Source : High Volume Storage Fundamentals V2

Test Code : 000-955
Test Name : High Volume Storage Fundamentals V2
Vendor Name : IBM
Q&A : 69 Real Questions

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IBM IBM High Volume Storage

the usage of IBM Spectrum Scale for storage in IBM Cloud inner most | killexams.com Real Questions and Pass4sure dumps

IBM Spectrum Scale is a versatile utility-defined storage that can be deployed as excessive efficiency file storage or a value optimized massive-scale content material repository. IBM Spectrum Scale is deployed on the most disturbing companies on earth for both high efficiency and excessive scale. refer to https://www-03.ibm.com/methods/storage/spectrum/scale/ for greater details. aspects that make Spectrum Scale appropriate for persistent extent storage encompass: performance, scalability, guidance lifecycle management, quota, encryption, compression, availability, and snapshots.

Storage for Containers

one of the crucial main elements inside any cluster is storage. earlier than which you could installation most Kubernetes-primarily based purposes, you ought to first create storage from the underlying infrastructure. This provisioned storage allows for persistence of an utility’s information. although, for an utility to eat this storage, you must also create a volume. Volumes are used to make requests on behalf of an software to the provisioned storage. that you would be able to create volumes from Spectrum Scale that are used as persistent storage for functions.

This put up describes the way to configure IBM Spectrum Scale as a storage backend for POD volumes in IBM Cloud deepest clusters. while there are numerous how you can use a persistent quantity from IBM Spectrum Scale as a POD’s volume in IBM Cloud deepest, this publish describes the way to use the Hostpath and NFS drivers.

before you begin

In each eventualities(Hostpath and NFS), you need a IBM Spectrum Scale cluster and a persistent extent. that you may also create the customized utility used during this submit the use of following steps.

  • Create a IBM Spectrum Scale cluster and designate a number of nodes as IBM Cloud deepest worker nodes. during this instance, dghostrhel2, dghostrhel3 and dghostrhel4 are IBM Cloud private worker nodes
  • [root@dghostrhel2 ~]# mmlsclusterGPFS cluster tips========================GPFS cluster identify: dgcluster.dghost1GPFS cluster identification: 13644380956435301453GPFS UID domain: dgcluster.dghost1Remote shell command: /usr/bin/sshRemote file replica command: /usr/bin/scpRepository type: CCR Node Daemon node identify IP address Admin node name Designation— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 1 dghost1 192.168.122.ninety six dghost1 quorum-manager2 dghost2 192.168.122.124 dghost2 quorum-manager3 dghost3 192.168.122.80 dghost3 quorum-manager4 dghost4 192.168.122.217 dghost4 quorum-manager9 dghostrhel1 192.168.122.221 dghostrhel110 dghostrhel2 192.168.122.222 dghostrhel211 dghostrhel3 192.168.122.223 dghostrhel312 dghostrhel4 192.168.122.224 dghostrhel413 dghostrhel5 192.168.122.225 dghostrhel5

    2. Create a extent on the gpfs0 filesystem and mount it on the /gpfs/gpfs0 path.

    [root@dghostrhel1 ~]# mmlsfs gpfs0 flag cost description— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —-f 8192 minimum fragment dimension in bytes-i 4096 Inode measurement in bytes-I 16384 indirect block dimension in bytes-d nsd1;nsd2 Disks in file system……-A sure computerized mount alternative-o none extra mount alternatives-T /gpfs/gpfs0 Default mount element— mount-precedence 0 Mount precedence

    3. Create the custom software. The parameter values and file names that are used during this illustration are also utilized in later steps.

    3a. Create a directory named alpine4gpfs.

    3b. Create the software script within the alpine4gpfs directory. The script creates a listing within the Docker container and generates random variety of data in it. identify the file number_generator.sh

    #!/bin/sh

    #/gpfs is the hooked up listing from hostrandomnum=$(( ( RANDOM % 20 ) + 1 ))iodir=/gpfs/$HOSTNAME_$randomnumif [[ -f /gpfs/thisisgpfs ]]thenecho “Writing records into gpfs dir…”#Sleep for a while·sleep 10mkdir $iodirfor i in `seq 1 $randomnum`dodd if=/dev/urandom of=/$iodir/FILE$i bs=512K count=10 &>/dev/nullmd5sum /$iodir/FILE$i > /$iodir/FILE$i.md5date > /$iodir/FILE$i.datedoneelseecho “No GPFS quantity..Exiting”fi

    notice : The above script assessments for /gpfs/thisisgpfs file inside the container before generating information. hence create the file ‘thisisgpfs’ inside fileset or nfs export which might be used as persistent extent for the sample utility.

    3c. Create the dockerfile within the alpine4gpfs directory.

    FROM alpineMAINTAINER Your_nameADD number_generator.sh /number_generator.shRUN chmod +x /number_generator.shENTRYPOINT [“/number_generator.sh“]

    3d. Create the customized utility. From the alpine4gpfs directory, run these instructions:

    docker login mycluster.icp:8500docker construct -t alpine4gpfs .docker tag alpine4gpfs mycluster.icp:8500/admin/alpine4gpfsdocker push mycluster.icp:8500/admin/alpine4gpfs

    be aware : The above command add the picture 'alpine4gpfs' in the 'admin' namespace. In case 'admin' namespace doesn't exist, The image add fails with the error message ’unauthorized: authentication required’. One will should create the mandatory namespace for correctly importing the graphic.Steps to create the ‘admin’ namespace :Login to IBM Cloud inner most >>manipulate>>Namespaces>>click on on “Create Namespace” then Create namespace with identify ‘admin’

    the usage of Storage from Spectrum Scale with IBM Cloud deepest by way of the Hostpath driver

    necessities for this example:

  • IBM Spectrum Scale Cluster
  • IBM Cloud inner most V2.1.0
  • that you would be able to choose to use some or all IBM Spectrum Scale client nodes as a IBM Cloud private employee nodes. If not all IBM Cloud private worker nodes are IBM Spectrum Scale clients, then you definitely need to use a node tag for those who use volumes that you simply create from IBM Spectrum Scale. which you can create volumes through the use of the directory or fileset commands from the IBM Spectrum Scale File system. developing volumes by using fileset is a good idea since it means that you can partition the file system to enable administrative operations at a finer granularity than the total file device. For greater guidance about fileset, see https://www.ibm.com/guide/knowledgecenter/STXKQY_4.2.3/com.ibm.spectrum.scale.v4r23.doc/bl1adv_filesets.htm.

    1. Create the fileset that the persistent extent uses

    1a. Create a fileset that is termed ScaleCfCHostpath:

    [root@dghostrhel2 ~]# mmcrfileset gpfs0 ScaleCfCHostpath

    The output feels like this:

    Fileset ScaleCfCHostpath created with identification 2 root inode 33547.

    1b. hyperlink the fileset to the quantity:

    [root@dghostrhel2 ~]# mmlinkfileset gpfs0 ScaleCfCHostpath -J /gpfs/gpfs0/ScaleCfCHostpath

    The output appears like this:

    Fileset ScaleCfCHostpath linked at /gpfs/gpfs0/ScaleCfCHostpath

    1c. screen the fileset particulars:

    [root@dghostrhel2 ~]# mmlsfileset gpfs0

    The output looks like this:

    Filesets in file system ‘gpfs0’:identify fame Pathroot Linked /gpfs/gpfs0ScaleCfCHostpath Linked /gpfs/gpfs0/ScaleCfCHostpath

    The fileset ScaleCfCHostpath is installed on the /gpfs/gpfs0/ScaleCfCHostpath course. This direction is used to create the quantity in IBM Cloud inner most.

    2. Create the Persistent volume

    2a. Log in to the IBM Cloud private administration console.

    2b. From the menu, click Platform > Storage.

    2c. click on Create PersistentVolume.

    second. Enter the Persistent quantity particulars. For this instance, use right here values:

    name — spectrumscalestorageLabel — storageValue — spectrumscaleCapacity — 1Unit — GiAccess Mode — ReadWriteManyReclaim policy — RetainStorage type — HostpathKey — path ; price — /gpfs/gpfs0/ScaleCfCHostpath

    you can provide these values by using the fields and lists in the Create New PersistentVolume window as shown in these photographs:

    Persistent volume creation 1/three Persistent volume creation 2/3 Persistent volume introduction three/3

    2e. click on Create.

    2f. From the PersistentVolume tab, evaluation the popularity of the new persistent extent. before which you could use the persistent quantity, its fame have to be purchasable.

    Persistent quantity particulars

    three. Create the Persistent volume declare

    3a. click the PersistentVolumeClaim tab.

    3b. click Create PersistentVolumeClaim.

    3c. Enter the volume particulars. For this illustration, use right here values:

    name — spectrumscalevolumeStorage Requests — 512Unit — MiAccess Mode — ReadWriteManyVolume Selector Label — storageValue — spectrumscale

    3d. click on Create.

    3e. From the PersistentVolumeClaim tab, assessment the repute of the brand new persistent volume declare. The persistent extent claim should have a status of certain, which potential that the persistent volume declare is bound to the persistent extent that incorporates the label storage=spectrumscale and meets its storage request requirements.

    Persistent quantity claim details

    click on PersistentVolume and evaluate the alterations to the persistent extent ‘spectrumscalestorage’.

    Persistent extent details

    that you would be able to see that the persistent volume claim ‘ spectrumscalevolume’ is sure to the persistent quantity ‘spectrumscalestorage’. The persistent extent claim ‘spectrumscalevolume’ is accessible to an utility or pod.

    4. deploy an application that makes use of the new extent claimA container is created for each and every instance of the application. each and every container has a storage volume, and the quantity consists of a listing that stores the script’s random facts.

    4a. From the IBM Cloud private console, click the menu and then click Workloads.

    4b. From the Workloads page, click Jobs > Batch jobs.

    4c. click on Create Job.

    4d. Enter the job particulars. You ought to supply values for a few parameters:

    On the common tab, specify the job name and number of circumstances:

    identify — workloadwithalpineCompletions — 1

    On the Container Settings tab, specify the container name and the picture to make use of.

    name — alpinecontainerImage — mycluster.icp:8500/admin/alpine4gpfs

    On the Volumes tab, specify the following values:

    name — spectrumscalevolumeVolume — spectrumscalevolumePath — /gpfs

    4e. overview the workloadwithalpine job details. The workloadwithalpine software with an connected quantity should be running.

    Batch Job particulars Workload details

    in case you click on the application identify, which you can see that situations of the workloadwithalpine utility is created.

    Pod particulars Container particulars

    each and every illustration of the application creates a directory of the identical identify in attached volume. facts generated through the functions is seen on Spectrum Scale consumers, as proven in right here illustration:

    [root@dghostrhel2 ScaleCfCHostpath]# pwd/gpfs/gpfs0/ScaleCfCHostpath [root@dghostrhel2 ScaleCfCHostpath]# ls -1thisisgpfsworkloadwithalpine-kt4sn_17

    IBM Raises The Bar For Storage, once again | killexams.com Real Questions and Pass4sure dumps

    The massive information within the technology world this previous week was IBM employer’s buy of pink Hat in a single of the largest software company acquisitions in background. while that's a groundwork-shaking flow for both IBM and pink Hat, it's going to not impact the day-to-day lives of most working IT experts.

    IT authorities focus on delivering always professional and high-quality carrier to their consumers.  while the red Hat integration will take a while to yield updated product and applied sciences roadmaps for the new combined company, IBM’s fresh plethora of storage announcements is much more crucial when considering your IT organization’s wants.

    i really like masking IBM's storage bulletins. The storage community, while sitting within an unquestionable behemoth of a expertise enterprise, strikes with the pace and agility of a a lot smaller organization. it's an organization that has palpable power inside it.

    This agility and pace has allowed the IBM storage team to convey a cadence of miraculous new expertise and product bulletins. What I find captivating about this crew is its steadfast alignment towards a compelling imaginative and prescient of how enterprise data should be managed.

    IBM’s storage story focuses on how statistics is generated, managed, and consumed inside an commercial enterprise. it is that understanding that generates a collection of applied sciences that can also be leveraged to carry a cohesive answer to any IT company.

    Would you have got guessed that IBM now has the broadest portfolio of NVMe and NVMe-over-material enabled items in the business? It surprised me. I wasn’t stunned to learn that IBM is the world leader in tape archive options, when you consider that I begun during this trade by altering nine-song tapes for gas cash. IBM and tape are completely cemented in my intellect. on the equal time, a portfolio that reaches from arguably the fastest storage arrays in creation to the lowliest tape power is reasonably a span.

    All about software

    IBM has always been about providing cohesive software-first solutions to IT, which it intently couples with neatly-engineered hardware. This has been genuine for the reason that IBM delivered its first mainframe seventy years in the past, continuing these days with its extensive latitude of offerings in compute and storage that span on-premises and cloud architectures.

    because it groups movement from tape to cloud for records insurance policy and archival storage, and as information comes alive with the upward thrust of AI-pushed analytics and part-driven compute, managing that statistics becomes a logistical challenge. figuring out where information is, what it’s used for, and what the organization’s requirements are in preserving that statistics is what drives lengthy-term expertise choices.

    Managing the move of an organization’s information, while offering insights on the traits of that facts, is what IBM’s Spectrum Storage suite is all about. There are IBM Spectrum Storage products that manipulate statistics in virtualized environments, provision storage into hybrid-cloud deployments, manage the complexities of statistics-insurance policy and backup, and that provide software-described storage solutions for file, block, and objects.

    IBM's fresh bulletins covered a flurry of latest elements throughout the Spectrum Storage line, including a brand new answer for SAP HANA installations that leverages IBM storage, IBM Spectrum protect, and IBM Spectrum replica. It’s a large record, however two software-connected bulletins dominated my consideration.

    IBM Storage Insights

    IBM Storage Insights is a cloud-based management tool that leverages IBM AI technology to become aware of storage networking efficiency concerns and proactively generate aid instances to aid IT earlier than issues become problems. This classification of skill is rolling out from vendors across the IT industry and is quickly becoming desk stakes for promoting storage solutions into the enterprise.

    i am glad to look IBM free up this product. Given IBM's heritage in artificial intelligence, combined with its half-century-long institutional legacy in aiding datacenter expertise, it might become something special.

    Mapping unstructured records

    Analytics-driven workloads and area computing both power new requirements for unstructured records. Object storage is likely one of the fastest growing storage applied sciences in business IT, with options from most proper-tier storage companies, including IBM. The challenge of unstructured information lies within the means to take into account what the records is, where it got here from, and what an IT team may still do with it.

    IBM Spectrum discover is a new offering from IBM that goals to tame unstructured facts and provide insights into exactly what that information is. Spectrum discover, which arose from technology generated interior of IBM analysis, scans and creates metadata, creating catalogs for an unstructured statistics set. this is designed to deliver a roadmap to a company's information. IBM Spectrum find will assist facts within IBM Cloud Object Storage and IBM Spectrum Scale systems and, most fantastically, is expected to aid Dell EMC Isilon sometime in 2019.

    knowing unstructured statistics is a challenge for corporations, one that turns into greater elaborate daily. It’s additionally no longer an easy problem to deploy usual application equipment to resolve. It’s exceptional to see IBM carry technology into this area. it will set the bar for others to observe.

    performance and density

    As excited as I get about software, it is only nearly as good as the underlying hardware. IT buyers nowadays should still believe spoiled by the nice and breadth of options available to them. the upward thrust of solid-state storage, NVMe interconnects, and built-in server-category processing makes it a brilliant time to buy storage solutions.

    IBM is expanding its portfolio of hardware choices and, on the same time, becoming the expertise issuer with the broadest offering of NVMe and NVMe-over-textile storage items. IBM makes a speciality of efficiency with NVMe, and on storage density with its entertaining flash packaging expertise.

    The ideal illustration of IBM’s focus on density is the DS8880F, which very nearly doubles its flash ability to a whopping 737TB (in comparison to its old 368TB). at the identical time, the IBM FlashSystem 900 and 9100 items are doubling in capacity with new 18TB modules for you to guide as much as 44TB beneficial capacity. This new potential is up from 22TB provided by the old era module.

    The up-to-date third-generation Storwize V7000 features built-in NVMe and a variety of expansion options, while providing what IBM describes as a 2.7x raise in optimum throughput for some workloads—all whereas being clustered with other V7000 arrays to serve a cluster-huge 32PB of capacity.

    IBM introduced extra hardware elements and tweaks throughout its storage line. try its web page if you want to go deep on the details.

    Concluding options

    in the combat for bragging rights, vendors submit "hero numbers" that demonstrate that they have the area's quickest array. This yr that declare was credibly made with the aid of Dell EMC, Pure Storage, and IBM. The actuality is that the majority platforms which are developed on up to date-technology—leveraging NVMe interconnects each internal and outside of the container, and sporting legitimate media—will all fulfill most stressful storage needs.

    beyond hardware bragging rights, IT groups need to focus on the broader query of how these storage options are integrated into their normal IT architecture. application is the glue that ties together storage hardware with cloud, hybrid-cloud, and other storage and compute fashions to service the altering demands of records within the enterprise.

    IBM makes a speciality of providing a holistic solution to datacenters. Given the breadth and depth of its storage portfolio, its supporting utility suites, and its penetration into cloud, IBM is one to observe as corporations’ bits and bytes are became into actionable facts.

    Disclosure: My enterprise, Moor Insights & method, like all analysis and analyst firms, offers or has provided research, analysis, advising, and/or consulting to many excessive-tech agencies within the industry, including Dell EMC, crimson Hat, and IBM, which can be referred to listed here. I do not cling any fairness positions with any agencies referred to in this column.


    Is Nagios The future of Monitoring For IBM i? | killexams.com Real Questions and Pass4sure dumps

    November 12, 2018 Alex Woodie

    For a long time, expertise experts grew to become to based frameworks from IBM Tivoli, CA, Hewlett Packard, and BMC (“The huge 4”) to computer screen their hardware and application stacks. however the open source world has caught up with these closed monitoring environments, and a undertaking dubbed Nagios is poised to be the go-to platform for IT monitoring, including on IBM i.

    Nagios, if you are not regular, is a free and open supply application product that provides monitoring and alerting for servers, community equipment, applications, and the array of capabilities that organizations more and more depend on. The software –backed through the mandatory recursive acronym “Nagios Ain’t Gonna Insist On Sainthood” – changed into initially developed by way of Ethan Galstad returned in 2002 to run and video display Linux programs, which turned into just starting to make headway in commercial enterprise records facilities.

    through the years, the C-based application has been prolonged to help an array of object types, including host resources like processor load, disk and RAM utilization, and equipment logs for a majority of usual working techniques, including IBM i. The energetic Nagios neighborhood has created a wide range of Nagios agents that have extended the framework to an estimated 5,000 devices.

    Nagios is an open source tool that allows for directors to video display their IT apparatus and purposes.

    On the community side of things, Nagios Core (because the open supply product is usual) screens routers, switches, and different equipment, and supports SMTP, POP3, FTP, and SNMP protocols, amongst others. All far off monitoring can be encrypted, and it also presents a plug-in that lets users create their personal monitors in quite a lot of languages.

    facts accrued by using active and passive Nagios plug-ins is routed into the Nagios server, where the records is sorted and alerts are despatched out. clients can eat alerts in numerous ways, including via an internet browser, through SMS pagers, and through email. With an easy look on the Nagios dashboard on a cellphone, a methods admins can see if crucial servers, method, and services are alive or useless.

    The Nagios Core server application can also work with a “round-robin database” (RRD) to simplify the storage and querying of time-collection records. With RRD, admins can dive deeper into Nagios information and think about graphs to look performance developments. And with a bit setup ahead of time, Nagios may also be configured to instantly reply to movements as they occur, or improve indicators to different people.

    companies that desire more than what Nagios Core has to present can find it from Nagios organisations, the commercial outfit in the back of the open supply project. The St. Paul, Minnesota-based enterprise, which employs Galstad, extends Nagios Core with a few offerings, including Nagio XI, which points a extra extensible entrance-conclusion and a MySQL-based returned-end. Nagios XI also brings an improved user journey with more effective graphs and stronger dashboards.

    IBM i shoppers can use Nagios to monitor 15 metrics with the Nagios Plug-Ins for IBM i beta.

    lamentably, Nagios companies doesn’t assist IBM i. but that you may get a Nagios distribution for IBM i from a little outfit known as overseas business Machines. In 2017, large Blue shipped a beta version of an IBM i plug-in designed to feed facts from the IBM i sever into the open source Nagios Core product or Nagios XI.

    in response to a developerWorks page, the IBM i Nagios plug-in collects 15 distinct facts elements from IBM i servers, including things like CPU and disk utilization, ASP usage, variety of active jobs, and long-working SQL jobs, amongst others. Some of these services are supported via SNMP, whereas others require the open supply JTOpen Java toolbox to be put in.

    The Nagios server itself doesn’t run on IBM i – at the least no longer yet. With the Nagios on IBM i plug-in, IBM gives users with instructions on how to install Nagios Core or Nagios XI on a Linux server. Technically, there should be nothing stopping from a person installing Nagios in a Linux LPAR on the vigour methods server – or even for IBM to port the software to the IBM i OS by means of PASE – but that has now not came about yet.

    IBM makes the case for IBM i stores to make use of Nagios in a PDF presentation on Nagios created by IBM i enterprise architect Tim Rowe and Wang Yun, who developed the Nagios for IBM i plug-in. while Navigator for i provides first rate insurance of IBM i-centric queues and metrics, that product doesn’t deliver customers with any visibility of what’s happening outdoor the IBM i equipment.

    shoppers who purchase Nagios XI can computer screen IBM i metrics graphically.

    Nagios, on the other hand, offers administrators and operators with a single centralized view of all IT property, Rowe and Yun write. besides the core IBM i metrics that are now obtainable by the use of the Nagios plug-in, IBM i clients can get trend and historic data, as neatly because the flexibility to configure metrics to their liking, no longer to point out the capability to create their own custom plug-ins.

    IBM isn’t the best company doing Nagios work on IBM i. a number of years ago, ShapPin Cheng launched a GitHub assignment called check_as400 that moved statistics from IBM i server logs into Nagios. for the reason that the extensibility and openness of Nagios, it wouldn’t be impressive to peer impartial software vendors within the IBM i community adopt the know-how for their personal programs monitoring offerings.

    For now, IBM presents the Nagios plug-in as a beta. Don’t be stunned to see it develop into a completely supported offering within the months to come back, primarily when you consider that the love affair that IBM has with open source software nowadays.

    connected stories

    IBM i performance secrets and techniques printed

    What’s Cooking With IBM i On GitHub?

    ASCI Job Scheduler receives Hooks for Nagios




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    What’s Behind China’s Record Oil Imports? | killexams.com real questions and Pass4sure dumps

    China imported a record-high volume of crude oil in October, beating the previous all-time high set in April this year. The oil market, gripped by a strong bearish sentiment last week, largely ignored the Chinese data.

    Crude oil imports at the world’s top importer will continue to grow, but last month’s record was determined not only by fundamentals—it was influenced by one-off shorter-term factors that boosted oil intake, according to Reuters columnist Clyde Russell.

    Chinese crude oil imports continue to be propped up by economic growth at over 6 percent, which, however, has slowed down in recent months with the U.S.-China trade war. Other long-term factors driving oil demand growth include declining domestic crude oil production with mature fields depleting and the building up of strategic petroleum reserves.

    Yet, in October two short-term factors also contributed to the record Chinese crude oil imports—the U.S. sanctions on Iran and the approaching expiry date for China’s smaller independent refiners to use up their 2018 oil import quotas. Various estimates show that China significantly boosted its crude oil imports from Iran last month, just before the U.S. sanctions snapped back on November 5 and before the announcement that waivers were granted, and before independent refiners—the so-called teapots—likely imported a record high volume of crude oil in October to fully use their quotas for this year.

    So, going forward, China’s total crude oil imports may not continue to break record highs, as demand from teapots will likely ease, and as there won’t be such a rush for Iranian oil, all the more so that China was among the eight countries granted waivers by the U.S. to continue importing Iran’s oil, at least until May next year.

    Among the factors underpinning China’s continued and long-term oil demand growth are declining domestic production and an expanding economy, although GDP is now rising at a slower pace than earlier this year. Related: Iran’s Army Vows To Protect Oil Tankers From Threats

    China’s crude oil production in January-September dropped by 1.9 percent compared to the same period a year earlier, according to data from the National Bureau of Statistics of China. In September, crude oil production in China fell 2.4 percent compared to September 2017.

    China’s economy, for its part, expanded by 6.7 percent annually at comparable prices between January and September, the statistics data showed. However, the pace of growth has been slowing this year, from 6.8 percent in Q1, to 6.7 percent in Q2, and to 6.5 percent in Q3, with third-quarter growth at its slowest expansion rate since the peak of the global financial crisis in 2009.

    China has started to introduce fiscal stimulus to prop up its economy. The stimulus could boost China’s imports in all sectors in 2019, according to ING, which sees China’s exports growth in October as a possible sign that Chinese exporters are concerned that more U.S. tariffs are coming next year. ING doesn’t think that the Trump-Xi meeting at the G20 summit in Argentina later this month will yield positive results, Iris Pang, Economist, Greater China, at ING, wrote in an analysis last week.

    Factors driving the record-high Chinese oil imports in October included record purchases from the teapots and high imports from Iran. Independent refiners imported nearly 2 million bpd of China’s total 9.61 million bpd imports in October, according to Refinitiv Oil Research and Forecasts. Related: The Biggest Threat To Dollar Dominance

    Refinitiv data also show that China’s oil imports from Iran jumped to 654,000 bpd last month from 458,000 bpd in September.

    According to S&P Global Platts trade flow data, Iran’s oil shipments to China between October 1 and 21 averaged 800,000 bpd, up from around 600,000 bpd average for September. About half of China’s crude oil and condensate imports from Iran in October—around 400,000 bpd—were bound for a storage hub in Dalian in northeastern China, according to Platts sources and shipping data. The National Iranian Oil Company (NIOC) has reportedly leased some storage capacity at Dalian.

    Iranian oil flows may become even trickier to track with sanctions now in force and Iran reportedly switching off transponders on board ships. So data may become less and less reliable as to how much Iranian oil Tehran’s top oil customer—China—is importing.

    Economic growth and domestic oil production decline will continue to drive Chinese crude imports, but it could be a while until China beats the October record.

    By Tsvetana Paraskova for Oilprice.com

    More Top Reads From Oilprice.com:


    5 Small-Cap REIT Gems | killexams.com real questions and Pass4sure dumps

    As seen in the November edition of the Forbes Real Estate Investor, its Small-Cap REIT portfolio returned 5.0% year-to-date, outperforming all its other paper portfolios. In fact, the Small-Cap portfolio significantly outperformed in 2017, returning more than 22% for the full year.

    It's rather obvious that small-cap stocks will perform better – it’s the age-old risk versus return concept. Yet, many analysts and investors simply ignore the smaller cap names, leaving the gem mining up to the gutsier investors looking to find the next diamond in the rough.

    It takes a bit more courage to step outside of the box by investing in the small caps, and of course, part of the reason is due to the outsized volatility and lack of analyst coverage. Small-cap REITs have always been viewed as riskier bets than large caps.

    They often do not have the diverse revenue streams or stable cash flows that allow them to weather difficult economic environments (like their larger-cap counterparts). Also, small-cap stocks are more susceptible to wide swings in price due to lower trading volumes and this greater volatility deters action and often invites selling.

    The lack of Wall Street coverage and investor interest can also result in shares remaining undervalued - especially in down markets - for extended periods of time. By "flying under the radar," the small-cap REITs offer better potential for growth over the long term, and due to the decreased institutional support, there's a better chance that small-caps will result in an underestimation of a company's operational health and prospects.

    Today I wanted to provide you with 5 of our top small-cap REIT picks. We have screened these companies and think you'll enjoy the bullet-points below.

    Small-Cap REIT #1:  City Office (CIO)

    The Big Why: City Office was formed on November 26, 2013, to acquire, own and operate high-quality office properties located within its specified markets (San Diego, Seattle, Portland, Boise, Phoenix, Salt Lake City, Denver, Dallas, San Antonio, Austin, Houston, Tampa, and Orlando). The company invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the southern and western U.S.

    Feather in its Cap: City Office is one of the smallest office REITs, with a market cap of around $453 million. The company focuses on assets in secondary markets valued at $25-$100 million with targeted cap rates of 7%-8% (less competition from large institutional investors), local real estate operators lack the capital to compete, and the outsized population and employment growth are strong catalysts.

    Downsides: Many leases will expire in the next few years (60 leases in 2019, 9.0% of total properties rent, 7.6% of the NRA). More vacancy & less rental income; the expense of tenant improvements and leasing commissions will also increase.

    Year-to-Date Total Return: -7.8%

    Alpha Insider Management Update: Awarded or under letter of intent for approximately $62 million of potential acquisitions. Management said on it third-quarter earnings call that “Underlying real estate fundamentals remain strong across the board. All of (the company’s) markets have experienced positive net absorption of office space year-to-date and average rental rates continue to trend upward at a moderate pace."

    Bottom Line: CIO’s dividend becomes safer (payout ratio under 100%), the valuation gap should tighten, providing investors with an attractive total return thesis. Also note, there’s substantial insider ownership. I rate the REIT a STRONG BUY.

    Small-Cap REIT #2:  Jernigan Capital (JCAP)

    The Big Why: Jernigan Capital is a commercial real estate mortgage REIT that lends to private developers, owners and operators of self-storage facilities. The company went public in 2015 to originate a diversified portfolio of development, acquisition and refinance loans secured by self-storage facilities primarily in the top 50 United States metropolitan statistical areas.

    Feather in its Cap: Jernigan Capital has a simple business model that provides innovative loan financing solutions for the self-storage industry. The company's primary focus is on programmatic self-storage development in top-tier markets. Prototypical loan terms include 90% LTC (loan-to-cost), 6-year terms and equity participation. The company is positioned to own a sizable equity stake in most of its properties.

    Downsides: The fact that Jernigan Capital is exposed to one property sector makes this REIT more volatile, because the company trades on self-storage economics. Also, the company provides equity to developers makes the business model more volatile than traditional equity REITs.

    Year-to-Date Total Return: 13.4%

    Alpha Insider Management Update: Jernigan Capital’s third-quarter 2018 results reflect 170% growth in total revenues, 97% growth in earnings per share and 114% growth in adjusted earnings per share compared to the comparable quarter in 2017.

    Bottom Line: In third-quarter 2018 Jernigan Capital reaffirmed its earnings per share guidance range of $1.77 to $2.25 and adjusted earnings per share guidance range of $2.57 to $3.05 for the full-year 2018. Jernigan is a BUY.

    Small-Cap REIT #3:  Safety Growth & Income (SAFE)

    The Big Why: SAFE provides unique value for the owners and operators of buildings who seek higher returns with higher risk, because SAFE helps them to bifurcate the land from the building (the lower yielding part) to let them focus on their higher return business

    Feather in its Cap: SAFE specializes in long-term land leases, unlike most other REITs in that it primarily owns the land underlying the types of buildings most other REITs invest in. SAFE’s ground lease investments offer a fundamentally lower risk profile, and can create a unique mix of desirable investment attributes: principal safety (ground leases are considered to be one of the safest positions in real estate), increasing income (ground leases generate inflation-protected income streams that consistently compound over long periods of time) and future growth (by focusing on a market with few competitors that has the potential for significant growth).

    Downsides: SAFE is externally-managed by iStar Inc.

    Year-to-Date Total Return: NA

    Alpha Insider Management Update: SAFE’s focus is concentrated on building scale. The company increased investment volume and efforts have translated into increased transaction activity and a clear path to reaching the company’s $1 billion asset target and tripling the size of the portfolio from the IPO in June 2017.

    Bottom Line: Because SAFE’s business is highly efficient and tenants are generally responsible for all of the expenses at the properties, SAFE seeks to pay out close to 100% of AFFO.  We maintain a BUY.

     Small-Cap REIT #4:  CatchMark Timber (CTT)

    The Big Why: Timber REITs have a solid long-term outlook for reasons beyond robust sustainability programs, because unlike other property types, “timber has some flexibility as an asset class because if you let it sit it will increase in value”.

    Feather in its Cap: CatchMark has opted to focus on high-demand southeastern US markets - 'the fiber markets" - where the company owns around 508,000 acres of timberlands. The company operates in four distinct markets — Mid-Atlantic, Coastal, South Central, and Southwest — with diverse mills, well capitalized customers, and strong productivity. The business model focuses on harvest operations of owned and leased timberlands to secure durable earnings and does not include more volatile land development and manufacturing.

    Downsides: Timberland is regulated by federal rules and state forestry commissions, which means that timberland REITs generally face tougher compliance requirements than other sectors within the industry.

    Year-to-Date Total Return: -25.8%

    Alpha Insider Management Update: In Q3-18 CatchMark was extremely busy and especially productive. The company increased revenues year-over-year by 32%, boosted adjusted EBITDA by 60%, and completed two major Timberland transactions investing a total of $290 million which significantly expanded and diversified our nationwide operations.

    Bottom Line: CatchMark is currently trading at a big discount, with high growth potential in 2019. Tight supply produces greater price movement as demand improves, housing appears positioned for continued steady improvement – mortgage rates remain in a favorable range.  We are maintaining a STRONG BUY.

    Small-Cap REIT #5: Landmark Infrastructure (LMRK)

    The Big Why: Landmark offers investors a very high yield (10.2% ) for the opportunity to own net-leased infrastructure assets. The company serves three masters: wireless communication, outdoor advertising, and renewable power generation industries.

    Feather in its Cap: Landmark is an MPL that has made changes to broaden the investor base by substantially eliminating unrelated business taxable income, otherwise known as UBTI. The company significantly simplified its state income tax filings for unit holders (by forming a REIT subsidiary), and with this change, the company did not eliminate the Partnership structure since that will continue to give the company operating flexibility.

    Downsides: External management and dividend safety (elevated payout ratio).

    Year-to-Date Total Return: -23.3%

    Alpha Insider Management Update: In Q3-18 Landmark realized another quarter of strong operating performance and financial results: rental revenue grew 30% year-over-year led by acquisitions and the strong growth profile of the assets in the existing portfolio.

    Bottom Line: Landmark is not waiting around for the internalization process, the company said it has already “taken additional steps to position the partnership for such an internalization, including first of all, shifting the investment strategy to a direct acquisition development model versus the previous dropdown portfolio acquisition model, driving more accretion with higher cap rate acquisitions and development.” Maintaining SPEC Buy.

    SUBSCRIBE to Forbes Real Estate Investor and get the entire Small Cap REIT portfolio (and 6 other customized REIT portfolios).

    I own shares on LMRK, CTT, SAFE, JCAP, and CIO.


    Cotton Is Trading In A Range - Is $1 In The Cards For 2019? | killexams.com real questions and Pass4sure dumps

    No result found, try new keyword!The latest high came in June 2018 ... and halving in value when the supply and demand fundamentals for the fluffy fiber change and surprise market participants. Cotton can gap higher or lower ...


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