Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Riyadh shifts from oil market offense to defense. -As oil goes, so too goes the global hierarchy of power. The diplomatic and defense spat between the United States and Saudi Arabia shows that … More Saudi Arabia; Reluctant Swing Producer
-Expect the unexpected once oil recovers, operators say. -Hiring in the United States is so last year. Implied demand in the form of gradual economic reopening coupled with market-driven production closures led to weekly gains in the price of oil. From Australia to France, governments are unveiling step-by-step guidelines for economic reopening. In the US, … More The Daily Dose
-A rolling recovery will separate the winners from the losers -Saxo Bank: Oil prices are at a point where cheating becomes attractive to producers Crude oil prices were in rally mode early Thursday on continued signals that some parts of the global economy are opening back up. China announced further stimulus efforts that it said … More The Daily Dose
The GERM Report 