-Pre-pandemic demand is on hold -Investment trends hint at future shape of US government Supply-side issues by way of Libyan oil gave way to positive demand signals from China to give the price of oil a boost in early morning trading. The resumption of activity at the Sharara oil field, Libya’s largest, offset some … More The Daily Dose; Demand Is Not Quite Ready for Prime Time
-Brent rallies despite demand concerns. -Tensions in the Persian Gulf are escalating. Crude oil prices broke out of pattern in bullish fashion early Tuesday, triggered by the looming threat of Hurricane Sally, though demand remains a real concern. Brent crude oil came under pressure on Monday after British energy company BP dared to suggest … More The Daily Dose; Brent had a Break-out Moment
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -OPEC+ made a mistake. -A V-shaped recovery is out of the question. Crude oil prices suffered a deep contraction last week on clear signs that a V-shaped recovery was unlikely. A surprise build … More No Envy for OPEC
The GERM Report 