-Fears of overflowing storage are subsiding. -OPEC sees worst contraction coming in 2Q. The headline in Reuters is that Hollywood can learn a thing or two from the porn industry, and again those of us observing the oil market can learn a thing or two from the health sector. Testifying via video conference, Dr. Anthony … More The Daily Dose
-Dr. Fauci’s “too soon” warnings may be relevant for the oil sector. -Brent continues to climb amid pivot to the new normal. The likelihood that Brent crude oil would follow WTI into negative territory was never a real possibility, one market assessment read. In the US shale patch, it looks like the worst is over, … More The Daily Dose
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
The GERM Report 