-The second wave is here -Lack of stimulus leads to higher US poverty rates OPEC Secretary General Mohammad Barkindo said Thursday the production group would not let crude oil prices drop too low, but the demand destruction from the pandemic may be beyond his control. In Europe, most major economies are locking down again … More The Daily Dose; Demand Destruction Continues
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -US energy goals are a fool’s errand -Brent won’t be in black because OPEC is back OPEC curtailments eased back as of Saturday as the cartel anticipates a slow rise in demand through … More The Myth of Independence
-Stimulus meets the surrealism of populism. -First-half optimism is starting to fade. Crude oil prices were in retreat early in the Friday session amid jitters over global economic recovery plans. Risk analysts expect Jenga-like challenges will erupt in emerging markets that may lack the healthcare infrastructure to deal with the pandemic. Elsewhere, the Chinese appetite … More The Daily Dose; Is Stimulus Over?