-The mood has darkened -Take the gold watch if you can get it. The news this morning was reminiscent of the dark days of spring, when US bankruptcies in the shale patch prompted calls for OPEC-like intervention in the free-market economy. Small in sample size, but huge in terms of the reverberations, Wednesday saw … More The Daily Dose; Oil News Reminiscent of April Negativity
-Kemp: Contango structure deepens -Nord Stream may be too advanced to abandon. Even with a sizeable draw on US commercial crude oil inventories, demand signals didn’t add up to a rally for the price of oil in Wednesday trading. The trend continued into early-morning activity on Thursday, though it may be a bit of a … More The Daily Dose; Energy and Geopolitics Collide in Europe
-The lower-for-longer mantra was prophetic -US crude oil inventories skewed by temporary factors. The computers are taking over the market. Crude oil prices were up in early morning trading after the American Petroleum Institute reported yet another draw on US commercial crude oil inventories. Data, however, are skewed by the impact of Hurricane Laura, which … More The Daily Dose; Told Ya So, Says Bob Dudley
The GERM Report 