-Platts: Shale could recover from COVID-19 by 2023 -Iran is racing against the election clock Crude oil prices shot up once again on the prospects of another round of stimulus for the U.S. economy. Lawmakers seemed to be coming together on a package of bills that would represent a watered-down version of the $2.2 trillion … More The Daily Dose; Oil rises on U.S. stimulus hopes
-Oil inventories decline, but are still elevated in relative terms -En lifts force majeure in Nigeria. Crude oil prices posted only modest gains in the Wednesday session, even with reports of a draw on U.S. commercial crude oil inventories. Investors may be placing bets on the future given the optimism surrounding vaccine developments and a … More The Daily Dose; Oil stuck in a tug-of-war
-IEA sees demand coming in the second half of next year. -U.S. crude oil exports to Asian move lower. Crude oil prices returned to rally mode, with Brent crude oil once again passing the $50 mark in Tuesday trading. That comes amid expectations from the IEA of prolonged supply-side pressures. Manufacturing and industrial activity in … More The Daily Dose; Look for a glut in petroleum products
The GERM Report 