-Another US energy company bites the dust -Brent prices avoided a milestone, but just barely Crude oil prices were supported, but just barely, in early Friday trading on expectations that global policymakers would keep their foot on the stimulus pedal, despite worrying signs of new COVID-19 cases and waning demand in Asia. Brent crude oil … More The Daily Dose; Brent Again in Retreat.
-The cure to lower oil prices in the US may be worse than the problem -Irrational exuberance may cause the bulls to run for crude oil prices. The slow reopening of the global economy is breathing new life into crude oil prices as demand starts to eat into supply. The US Energy Information Administration reported … More The Daily Dose
-Some oil market players see opportunity in times of crisis. -New OPEC+ restraint in play today, but it’s restraint from great heights. Adapt or die. That may be the mantra that separates the energy companies that collapse in the quarantine economy and those that endure. The severe downturn has already forced rig company Diamond Offshore … More The Daily Dose
The GERM Report 