The Daily Dose; BP makes excuses for bruising quarter

-Green shoots do little to explain demand destruction -Toxic US climate will get worse before it gets better. The price for Brent crude was in negative territory early Tuesday, erasing much of the gains from the previous session. Headline issues were largely centered on an announcement from British supermajor BP that it was making a … More The Daily Dose; BP makes excuses for bruising quarter

The Daily Dose; Is China Winning the New Cold War?

-US-Chinese tensions cloud hopes for sharp economic recovery -OPEC signals the end is near. The price for Brent crude oil was up early Wednesday after unofficial US data showed a sizeable draw in crude oil inventories for the week ending July 10. The rally was supported in part by heightened Cold War-like tensions between the … More The Daily Dose; Is China Winning the New Cold War?

Libya Reinstates Force Majuere on Oil Exports

Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Libya is the world’s playing field. -Turkey itching to break out of Anatolia. Libya on Sunday declared force majeure on oil exports after accusing agents of the United Arab Emirates of intervening in … More Libya Reinstates Force Majuere on Oil Exports