-Russia and Saudi Arabia are at it again. -Hong Kong’s status as a global financial hub is in serious jeopardy. The spot price for Brent crude oil was in positive territory early Thursday, though front-month contracts were down after the American Petroleum Institute reported a sizeable build in US crude oil inventories. Concerns about overflowing … More The Daily Dose; Concerns are A’plenty
-Russia looks like it may balk on long-term OPEC+ tightening. -IEA warns the energy sector may be behind the curve once recovery takes hold. A hint in the Russian media that suggested the Kremlin might not be on board with extending the OPEC+ curtailments beyond June sent the price of crude oil lower in early … More The Daily Dose; Reading the Russian Tea Leaves
-Sources close to OPEC thinking return as expected. -China warns of triggering a new Cold War. Russian financial and national health woes are catching up with the Kremlin. Low oil prices and the global health pandemic are sparing nobody and the inevitable sources revealed Tuesday that Russian Energy Minister Alexander Novak has scheduled meetings to … More The Daily Dose; OPEC+ chats up a rally
The GERM Report 