-Saudi Aramco lowers its official selling price to Asia. -Expect a weaker dollar under a Biden administration. The counting continues in the US presidential race, with the Trump campaign filing lawsuit after lawsuit challenging some of the contests that could determine the next president. Equities were still in rally mode, though the mood darkened for … More The Daily Dose; Oil too is fed up with the US race
-Equities bet a Biden win would be offset by a GOP Senate. -Will Tropical Storm Eta disrupt traffic in the Gulf of Mexico? Crude oil prices followed equities higher in Wednesday trading as most people were glued to their televisions or social media feeds waiting for the results from the US presidential contest. The race … More The Daily Dose; US Oil Stock Draw Drives Rally
-OPEC has two problems; supply and demand. -China looks inward for growth. It’s Election Day in the United States and crude prices are in rally mode. It has little to do with the U.S. contest, however, and more to do with OPEC. The production group has two clear problems; one is demand, the other supply. … More The Daily Dose; OPEC all-but certain to stand pat on production
The GERM Report 