-A rolling recovery will separate the winners from the losers -Saxo Bank: Oil prices are at a point where cheating becomes attractive to producers Crude oil prices were in rally mode early Thursday on continued signals that some parts of the global economy are opening back up. China announced further stimulus efforts that it said … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -If this is indeed Trump’s oil deal, let him have it. -Crude oil prices got support last week from quarantine easing. The narrative that US President Donald Trump bullied Saudi Arabia into ending … More The Deal of the Century
-The oil market has a serious demand problem. -Shell is the next big company to consider restraint. The global oil market is on its knees amid an unprecedented collapse in demand. And it’s not market intervention in the oil patch, but the return of consumer activity that will resolve the issue. According to an IEA … More The Daily Dose
The GERM Report 