-US economy is in stand-still mode -Hurricane Laura spares much of Texas, though don’t ignore its impact. A down day in the Asian markets spilled over into morning trading in the US to help drag the price of oil lower. Crude oil prices have barely moved mid-week as traders had already bet in the impact … More The Daily Dose; Economic Weakness Limiting Oil Gains
-Demand in Fujairah “has been really, really bad” -Tensions are running hot in the Mediterranean region. Crude oil prices were defying logic, posting a slight loss early in the session despite major storm threats to the US oil and gas sector. Forecasters expected Laura to quickly turn into a category 4 hurricane as it bares … More The Daily Dose; Let’s Look Beyond Laura.
-Heart of US refining sector expecting 110mph winds and a foot of rain. -With natural gas in play, Germany steps in to Turkish-Greek disputes. Crude oil prices were on the rise as dual storms in the Gulf of Mexico bared down on the large concentration of refineries and shale wells in PADD 3. US forecasters … More The Daily Dose; Laura Puts PADD 3 in Her Sights.
The GERM Report 