Tag: demand

The Daily Dose; IEA Offers Something for Everyone

July 10, 2020

-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

The Daily Dose; Brent Again in Retreat.

June 26, 2020

-Another US energy company bites the dust -Brent prices avoided a milestone, but just barely Crude oil prices were supported, but just barely, in early Friday trading on expectations that global policymakers would keep their foot on the stimulus pedal, despite worrying signs of new COVID-19 cases and waning demand in Asia. Brent crude oil … More The Daily Dose; Brent Again in Retreat.

The Daily Dose; “It Could Have Been Much Worse”

June 23, 2020

-WTO adds voice to better-than-expected chorus. -US trade advisor walks back negative trade comments. Crude oil prices were supported by a tailwind from Bank of America, which upgraded its forecast for Brent by more than $5 per barrel. BofA analysts on Monday defended their forecast by noting improvements in demand, along with strict compliance among … More The Daily Dose; “It Could Have Been Much Worse”