-China switches sides in the Thucydides Trap with India -The rally in crude oil prices this morning is a false positive. Crude oil prices were in rally mode in early morning trading after manufacturing readings in the European economy prompted something of a sigh of relief. Factory activity in China showed an uptick in August … More The Daily Dose; Rally in Oil Prices Seems Unfounded
-US economy is in stand-still mode -Hurricane Laura spares much of Texas, though don’t ignore its impact. A down day in the Asian markets spilled over into morning trading in the US to help drag the price of oil lower. Crude oil prices have barely moved mid-week as traders had already bet in the impact … More The Daily Dose; Economic Weakness Limiting Oil Gains
-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.
The GERM Report 