-Russia has a fortress economy -TC Energy Corp. marches forward while Shell steps back. Vague statements from the White House and the Kremlin on the state of affairs in the oil market gave crude oil prices a lift in early Tuesday trading. Right-leaning lawmakers in the United States have been pressuring Saudi Arabia and Russia … More The Daily Dose
-US complains it’s the target of economic war -IMF sees recovery by 2021 if policymakers can get it right Just as isolation forced parts of the economic machine to shut down, Russia seems to be left with no choice but to call for production cuts to stem the glut. Storage facilities are already approaching peak … More The Daily Dose
-Houthi action, Iranian elections could add a risk premium to Brent -Japan’s economy slips further into contraction After failing to breach the $60 mark in the previous session, Brent crude oil was in retreat in early Friday trading on renewed concerns about the coronavirus. Reports that the virus was spreading in Chinese prisons has spooked … More The Daily Dose
The GERM Report 