Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Riyadh shifts from oil market offense to defense. -As oil goes, so too goes the global hierarchy of power. The diplomatic and defense spat between the United States and Saudi Arabia shows that … More Saudi Arabia; Reluctant Swing Producer
-Expect the unexpected once oil recovers, operators say. -Hiring in the United States is so last year. Implied demand in the form of gradual economic reopening coupled with market-driven production closures led to weekly gains in the price of oil. From Australia to France, governments are unveiling step-by-step guidelines for economic reopening. In the US, … More The Daily Dose
-Signs of recovery are only a mirage -Brent takes a nosedive after grim US unemployment figures. Things are going to get messy. Stock indices from the United States to Europe were in rally mode as investors bet on a return to business activity in the eurozone and some US states. In energy, most segments of … More The Daily Dose
The GERM Report 