Tag: Kuwait

The Daily Dose; Oil News Reminiscent of April Negativity

September 30, 2020

-The mood has darkened -Take the gold watch if you can get it.   The news this morning was reminiscent of the dark days of spring, when US bankruptcies in the shale patch prompted calls for OPEC-like intervention in the free-market economy. Small in sample size, but huge in terms of the reverberations, Wednesday saw … More The Daily Dose; Oil News Reminiscent of April Negativity

The Daily Dose; The Economy Was Kinda Bad Already.

June 9, 2020

-US employment peaked in 4Q19. -World Bank sees lasting economic scars. Word that a trio of oil producers in the Middle East, including Saudi Arabia, would bail on extraordinary production cuts threatened to end a remarkable streak for the price of oil. Brent had been on a bull run since late April, rallying some 43% … More The Daily Dose; The Economy Was Kinda Bad Already.