-US-Chinese tensions cloud hopes for sharp economic recovery -OPEC signals the end is near. The price for Brent crude oil was up early Wednesday after unofficial US data showed a sizeable draw in crude oil inventories for the week ending July 10. The rally was supported in part by heightened Cold War-like tensions between the … More The Daily Dose; Is China Winning the New Cold War?
-OPEC needs to do some serious thinking -Two years before recovery happens, Delta Air Lines said. Crude oil prices dipped slightly in early Tuesday trading after the secretary general of OPEC said the market was balancing out. The contango structure, where front-month contracts are trading higher than the spot market, is shrinking, confirming OPEC’s position … More The Daily Dose; Will OPEC Make the Right Move?
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Libya is the world’s playing field. -Turkey itching to break out of Anatolia. Libya on Sunday declared force majeure on oil exports after accusing agents of the United Arab Emirates of intervening in … More Libya Reinstates Force Majuere on Oil Exports
The GERM Report 