-Demand in Fujairah “has been really, really bad” -Tensions are running hot in the Mediterranean region. Crude oil prices were defying logic, posting a slight loss early in the session despite major storm threats to the US oil and gas sector. Forecasters expected Laura to quickly turn into a category 4 hurricane as it bares … More The Daily Dose; Let’s Look Beyond Laura.
-Heart of US refining sector expecting 110mph winds and a foot of rain. -With natural gas in play, Germany steps in to Turkish-Greek disputes. Crude oil prices were on the rise as dual storms in the Gulf of Mexico bared down on the large concentration of refineries and shale wells in PADD 3. US forecasters … More The Daily Dose; Laura Puts PADD 3 in Her Sights.
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Green agenda makes sense … sometimes. -From lipstick to vinyl records, oil is here to stay British energy company BP started evacuating personnel from its rigs in the US waters of the Gulf … More Climate Initiatives and the Oil Sector Collide
The GERM Report 