-Coronavirus not just a US economic issue -Iran the target of suspicious, or not so suspicious, activity Crude oil prices slipped into negative territory early Tuesday after the European Commission lowered its forecast for economic growth. Not to be outdone, Italian major Eni lowered its forecast for the price of crude oil by $10 per … More The Daily Dose; It’s Worse Than Expected.
-Optimism was misplaced -Iran to shift oil away from Persian Gulf Brent crude oil lost its grip on $40 per barrel after a damning economic assessment from the International Monetary Fund. What is set up to be three straight sessions of decline for the global benchmark indicates the early wave of optimism over the fight … More The Daily Dose; Brent Loses Grip on $40.
-Russia and Saudi Arabia are at it again. -Hong Kong’s status as a global financial hub is in serious jeopardy. The spot price for Brent crude oil was in positive territory early Thursday, though front-month contracts were down after the American Petroleum Institute reported a sizeable build in US crude oil inventories. Concerns about overflowing … More The Daily Dose; Concerns are A’plenty
The GERM Report 