-Halliburton says the economy will recover … eventually. -Enthusiasm to be tested in US shale auction. The oil economy will recover … eventually. That was the word Wednesday from the chairman of the board at oilfield services company Halliburton, which cut its dividend and enacted a 20% reduction in retainers for front-office brass. Crude oil … More The Daily Dose; Relative Optimism
-Expect a W-shaped recovery in oil markets -The quarantine economy pushed US production back two years Market forces are curbing US shale output, supporting a rally in crude oil prices that’s extended for most of the month. OPEC+ restraint remains firm, though new production curtailments are not even a month old. Demand, meanwhile, is starting … More The Daily Dose: W-shaped rebound
-The cure to lower oil prices in the US may be worse than the problem -Irrational exuberance may cause the bulls to run for crude oil prices. The slow reopening of the global economy is breathing new life into crude oil prices as demand starts to eat into supply. The US Energy Information Administration reported … More The Daily Dose
The GERM Report 