-Production restraint has offered zero support for the price of oil -Once it’s gone, it’s gone, the US energy secretary suggests. So far, it seems the breakthrough deal among the world’s major oil producers did little to prop up the price of oil. Production restraint provides little support at a time when many segments of … More The Daily Dose
-IMF: The Great Depression got nuthin’ on the COVID collapse -10 million bpd or 20 million bpd depends on how you do the math. Questions over the details of what’s been described as a historic breakthrough for global oil producers left Brent crude oil prices in the red early Tuesday. US President Donald Trump said … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT OPEC+ arrangement a victory in rhetoric only. Energy Intelligence forecasts swift declines outside the OPEC group. Looking at US hegemony as the effort to contain the spread of communism collapsed in Vietnam in … More “A nightmare of global organization.”
The GERM Report 