-UAE may be posturing. Or it may be nothing. -Kemp sees the market getting tighter. Crude oil prices suffered minor losses in the Thursday session on the back of continued recovery in Libyan production and fractures in the OPEC+ group. Commodities for much of the week were supported by positive developments in the pursuit of … More The Daily Dose; Libya, OPEC+ frays do little to stir the pot
-Another day, another vaccine-related bounce. -Consumer-driven demand continues to decline. Crude oil prices showed something of a disconnect in Wednesday trading, bouncing higher on reports of a vaccine for COVID-19 that isn’t in distribution yet. Vaccine hopes are giving investors an incentive to move back in to some of the riskier assets, leaving the US … More The Daily Dose; Oil prices look to the future, but we have problems now
-Saudi Arabia may be dropping hints. -The pandemic is catching up with the US economy. A rapid-response call from Saudi Arabia, the de facto leader of OPEC, could only pull crude oil prices into positive territory so much on Tuesday given the barrage of negative news on the wires. We didn’t get much from OPEC’s … More The Daily Dose; OPEC news bullish for crude, but barely
The GERM Report 