-Oil sector players are stepping into the unknown. -In the midst of economic collapse, Shell is still spending money. The level of resiliency necessary to make it through the pain in the oil market is not yet clear. That was the message Friday from oilfield services company Schlumberger, which joined its producing counterparts by announcing … More The Daily Dose
-IMF: The Great Depression got nuthin’ on the COVID collapse -10 million bpd or 20 million bpd depends on how you do the math. Questions over the details of what’s been described as a historic breakthrough for global oil producers left Brent crude oil prices in the red early Tuesday. US President Donald Trump said … More The Daily Dose
-What would Keynes do? -Trump intervention, Chinese buying spree, gives markets a push. Trump giveth and Trump taketh away. A presidential warning on the possible US death toll from COVID-19 spooked markets early Wednesday, though his let’s-make-a-deal comments on oil production sparked a major rally some 24 hours later. With large swathes of the US … More The Daily Dose
The GERM Report 