-Russia is the guerilla leader of OPEC+, balancing Saudi Arabia -Wood Mac: Coronavirus demand destruction close to rivaling the Great Recession OPEC chatter was relentlessly opaque before the opening bell in New York City. Reports early Thursday indicated that members of the group agreed to cut output by 1.5 million barrels per day, giving Brent … More The Daily Dose
-Central banks may run out of tools -OPEC+ in desperate need of a Goldilocks policy It was déjà vu all over again in early Wednesday trading, with Brent rallying on the back of stimulus in the form of Saudi support for deeper production cuts to stem the glut left by demand destruction. The coronavirus knows … More The Daily Dose
-Recession, recession, recession. -In times of panic, those in charge are prone to mistakes. Markets are in a state of panic, with recession the buzzword of the trading day. The price for Brent crude oil briefly collapsed below $50 in overnight trading, though a Saudi proposal for deeper production cuts offered some respite. The deeper … More The Daily Dose
The GERM Report 