-Russia looks like it may balk on long-term OPEC+ tightening. -IEA warns the energy sector may be behind the curve once recovery takes hold. A hint in the Russian media that suggested the Kremlin might not be on board with extending the OPEC+ curtailments beyond June sent the price of crude oil lower in early … More The Daily Dose; Reading the Russian Tea Leaves
-Russia and Saudi Arabia kiss and make up -Estimates put the US unemployment rate near 25% A Saudi-Russian kiss-and-makeup moment gave support to crude oil prices early Thursday, even as the IEA warned of heightened volatility ahead. The early 2020 price war between two overseers of OPEC+ left a devastating impact on the market after … More The Daily Dose
-Fears of overflowing storage are subsiding. -OPEC sees worst contraction coming in 2Q. The headline in Reuters is that Hollywood can learn a thing or two from the porn industry, and again those of us observing the oil market can learn a thing or two from the health sector. Testifying via video conference, Dr. Anthony … More The Daily Dose
The GERM Report 