The Daily Dose; Oil News Reminiscent of April Negativity

-The mood has darkened -Take the gold watch if you can get it.   The news this morning was reminiscent of the dark days of spring, when US bankruptcies in the shale patch prompted calls for OPEC-like intervention in the free-market economy. Small in sample size, but huge in terms of the reverberations, Wednesday saw … More The Daily Dose; Oil News Reminiscent of April Negativity

The Daily Dose

-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 Daily Dose

-Oil sector players are stepping into the unknown. -In the midst of economic collapse, Shell is still spending money. The level of resiliency necessary to make it through the pain in the oil market is not yet clear. That was the message Friday from oilfield services company Schlumberger, which joined its producing counterparts by announcing … More The Daily Dose