-More voices join the chorus singing a tune of unlikely recovery -Norway’s Equinor sees continued demand weakness The price for Brent crude oil was slipping away from gains in Asian trading early Friday after a weaker dollar supported the global benchmark overnight. Data, meanwhile, continue to show the market is clearly oversupplied and demand signals … More The Daily Dose; The Irony That Is the United States
-US jobless claims a bit worse than expected. -China posts growth in the second quarter. The market is having a latent response to the decision from OPEC to ease back on production curtailments, with Brent erasing gains from a previous session spurred by supply-side data. OPEC’s secretary general on Wednesday credited coordinated restraint along multilateral … More The Daily Dose; Second Economic Verse, Same as The First
-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?
The GERM Report 