-Wintershall suspends common dividend “until further notice.” -Are we in the world of Hobbes or the world of Rousseau? This is unknown territory for the global economy. US Treasury Secretary Steven Mnuchin warned lawmakers that unemployment could hit 20% without some sort of extraordinary stimulus package. Global isolation has cut off key sectors of the … More The Daily Dose
-Oil price crash this year cost $10 billion. -Today is a make-or-break day for OPEC+ Crude oil prices were in a free-fall before the start of Friday trading on Wall Street as delegates in Vienna worked to get Russia on board with deeper production cuts. Russia has so far balked at proposals for further production … More The Daily Dose
-The sky is falling. The sky is falling. -Wood Mac: A $10 hit to Brent means a $40 billion hit to quarterly cash flow. A sense of gloom has clearly set in for oil markets, with Brent falling some 8% over the first three trading days of the week. If the trend continues, it could … More The Daily Dose
The GERM Report 