Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Riyadh shifts from oil market offense to defense. -As oil goes, so too goes the global hierarchy of power. The diplomatic and defense spat between the United States and Saudi Arabia shows that … More Saudi Arabia; Reluctant Swing Producer
-The oil market has a serious demand problem. -Shell is the next big company to consider restraint. The global oil market is on its knees amid an unprecedented collapse in demand. And it’s not market intervention in the oil patch, but the return of consumer activity that will resolve the issue. According to an IEA … More The Daily Dose
-Production restraint has offered zero support for the price of oil -Once it’s gone, it’s gone, the US energy secretary suggests. So far, it seems the breakthrough deal among the world’s major oil producers did little to prop up the price of oil. Production restraint provides little support at a time when many segments of … More The Daily Dose
The GERM Report 