-Oil price crash this year cost $10 billion. -Today is a make-or-break day for OPEC+ Crude oil prices were in a free-fall before the start of Friday trading on Wall Street as delegates in Vienna worked to get Russia on board with deeper production cuts. Russia has so far balked at proposals for further production … More The Daily Dose
-Russia is the guerilla leader of OPEC+, balancing Saudi Arabia -Wood Mac: Coronavirus demand destruction close to rivaling the Great Recession OPEC chatter was relentlessly opaque before the opening bell in New York City. Reports early Thursday indicated that members of the group agreed to cut output by 1.5 million barrels per day, giving Brent … More The Daily Dose
-Central banks may run out of tools -OPEC+ in desperate need of a Goldilocks policy It was déjà vu all over again in early Wednesday trading, with Brent rallying on the back of stimulus in the form of Saudi support for deeper production cuts to stem the glut left by demand destruction. The coronavirus knows … More The Daily Dose
The GERM Report 