-IEA raises demand forecast, but frets over the quarantine economy -Libya is not back in action. Iran is getting restless The market situation is setup for another down day for crude oil prices. Strict OPEC discipline and exuberance over previous economic data on jobs has not been enough to keep the momentum going for black … More The Daily Dose; IEA Offers Something for Everyone
-OECD; This is worse than the Great Recession -Russia’s patience with OPEC constraint wearing thin Crude oil prices were in a holding pattern in early Thursday trading ahead of weekly data on first-time jobless claims in the United States. Exuberance was aplenty last week after the data showed a surge in new hiring, though data … More The Daily Dose; US Oil Demand in Question amid OECD warnings
-Coronavirus not just a US economic issue -Iran the target of suspicious, or not so suspicious, activity Crude oil prices slipped into negative territory early Tuesday after the European Commission lowered its forecast for economic growth. Not to be outdone, Italian major Eni lowered its forecast for the price of crude oil by $10 per … More The Daily Dose; It’s Worse Than Expected.
The GERM Report 