-WTO sees possible L-shaped recovery. -There’s no shortage of geopolitical risk. Crude oil prices were lower early in the trading day on Wednesday after estimates showed a mixed bag for inventories of petroleum products in the United States. A steady series of drains on US crude oil inventories suggest that demand is slowly returning to … More The Daily Dose; Lots to Unpack for Oil Price Movements.
-Up again, down again. Up gain, down again. -Belarus could be the next Ukraine. The price of oil is in stand-still mode as traders and investors take a wait-and-see approach ahead of Wednesday’s meeting of the committee monitoring OPEC curtailments. So far, parties to the agreement to trim some 7.7 million barrels per day from … More The Daily Dose; Wake Me Up When Oil Prices Get Unstuck.
Risk Level: BLUE RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -The UAE pivot is destabilizing -Energy and geopolitics collide The Emirati government last week stated that it’s new relationship with Israel was a step toward regional peace. The United Arab Emirates would become … More The UAE Pivot Puts Regional Energy in the Crosshairs
The GERM Report 