-Demand in Fujairah “has been really, really bad” -Tensions are running hot in the Mediterranean region. Crude oil prices were defying logic, posting a slight loss early in the session despite major storm threats to the US oil and gas sector. Forecasters expected Laura to quickly turn into a category 4 hurricane as it bares … More The Daily Dose; Let’s Look Beyond Laura.
-Heart of US refining sector expecting 110mph winds and a foot of rain. -With natural gas in play, Germany steps in to Turkish-Greek disputes. Crude oil prices were on the rise as dual storms in the Gulf of Mexico bared down on the large concentration of refineries and shale wells in PADD 3. US forecasters … More The Daily Dose; Laura Puts PADD 3 in Her Sights.
-US employment figures mask underlying weakness -Oil market downturn means some reserves no longer count. Crude oil prices moved largely on US news in the previous session, with another sizeable draw on commercial crude oil inventories supporting the bulls. The direction for commodities was determined again by the US economy on Thursday, with weekly jobless … More The Daily Dose; Jobs, jobs jobs jobs jobs.
The GERM Report 