The Daily Dose; Demand Destruction Continues

-The second wave is here -Lack of stimulus leads to higher US poverty rates   OPEC Secretary General Mohammad Barkindo said Thursday the production group would not let crude oil prices drop too low, but the demand destruction from the pandemic may be beyond his control. In Europe, most major economies are locking down again … More The Daily Dose; Demand Destruction Continues

The Daily Dose; Demand Is Not Quite Ready for Prime Time

-Pre-pandemic demand is on hold -Investment trends hint at future shape of US government   Supply-side issues by way of Libyan oil gave way to positive demand signals from China to give the price of oil a boost in early morning trading. The resumption of activity at the Sharara oil field, Libya’s largest, offset some … More The Daily Dose; Demand Is Not Quite Ready for Prime Time

The Daily Dose; Rally eases on possible Norwegian breakthrough

-Norwegian strikes could end by the weekend -US tariffs are biting at home   While Hurricane Delta has sidelined almost all of the oil production in the US waters of the Gulf of Mexico, crude oil prices were in retreat in early-trading Friday. A double-digit rally on the week and signs that a labor strike … More The Daily Dose; Rally eases on possible Norwegian breakthrough