-We’re seeing the Trump Factor play out in crude oil prices. -We figured the shelf life of the Libyan ceasefire would be brief. Crude oil prices moved sharply higher in mid-day trading as Tropical Storm Zeta bares down on the Gulf of Mexico. US federal estimates already show some oil and gas production is offline, … More The Daily Dose; Zeta, tight US race, driving oil prices higher
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Even if it reaches 1 million bpd, Libya would be short of its peak -Tropical Storm Zeta barreling down on the Gulf of Mexico We would be remiss to avoid Libya in our … More Despite the Talk, Libya Is Not Back Completely
-Libya cease-fire agreement is shaky at best -US shale may be under pressure for the foreseeable future Crude oil prices started the day more or less in limbo, with the financial press warning of demand concerns given the surge in cases of the novel coronavirus and the onset of colder weather in the Northern Hemisphere. … More The Daily Dose; Libya Gives us an October Surprise
