-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 times they are a’changin’. -US may need an all-options-approach to save shale. Sweeping demand destruction that followed a price war between Russia and Saudi Arabia was the systemic shock that changes the things in ways that usually only general wars can. If economic and manufacturing performance are tantamount to national strength, the international dynamics … More The Daily Dose
-Cushing is already full. -The US oil economy may need a panic button. The primary US commercial storage facility in Cushing, Okla., is full for all intents and purposes. That’s the word Tuesday from Ole Hansen, the head of commodity strategy at Saxo Bank, after the biggest collapse in US crude oil prices since record-keeping … More The Daily Dose
The GERM Report 