-The market, we’ve heard, may know something. -Believe it or not, Brent is closing in on $50 per barrel. Crude oil prices continued to test the $50 mark in trading Friday, even with lackluster employment levels in the United States and the prospect of more barrels on the market from OPEC+. Volatility, however, cooled off … More The Daily Dose; Is the market disconnected from the here and now?
-The OPEC+ marriage goes on. -We’re still riffing on Bob Dudley’s quote from 2015. Crude oil prices had a rather volatile day on Thursday as traders waited around for OPEC+ to make up its mind on what to do next. After a meeting concluded to add barrels to the market starting in January, the price … More The Daily Dose; Sweet, sweet OPEC relief
-We should know better about OPEC chatter by now, folks. -So much for the support from the products side. So it looks like some us drank the UAE Kool-Aid and some of us didn’t. We spent the last few days wondering about fissures within the crowded OPEC+ curtailment group only to find it was nothing … More The Daily Dose; Who Drank the UAE Kool-Aid?
The GERM Report 