Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT OPEC+ arrangement a victory in rhetoric only. Energy Intelligence forecasts swift declines outside the OPEC group. Looking at US hegemony as the effort to contain the spread of communism collapsed in Vietnam in … More “A nightmare of global organization.”
-Trump no longer hates OPEC. -Any OPEC cuts would come from already extraordinary heights. Some 6.6 million Americans lost their jobs last week, though equities markets are showing a return to optimism amid early signs of a slow pandemic recovery. In the American oil sector, however, the pain is severe and enduring, with investments receding … More The Daily Dose
-US complains it’s the target of economic war -IMF sees recovery by 2021 if policymakers can get it right Just as isolation forced parts of the economic machine to shut down, Russia seems to be left with no choice but to call for production cuts to stem the glut. Storage facilities are already approaching peak … More The Daily Dose
The GERM Report 