The Daily Dose; Don’t Fall Asleep Watching Oil Prices

-Tunnel for oil prices looks to be getting longer -Don’t forget your history lesson on Yasser Arafat   It’s not necessarily out of the question to assume the price of oil, barring any black-swan event, will be stuck where it is until the November elections in the United States. The committee monitoring OPEC+ compliance left … More The Daily Dose; Don’t Fall Asleep Watching Oil Prices

The Daily Dose; Demand Destruction Continues

-The second wave is here -Lack of stimulus leads to higher US poverty rates   OPEC Secretary General Mohammad Barkindo said Thursday the production group would not let crude oil prices drop too low, but the demand destruction from the pandemic may be beyond his control. In Europe, most major economies are locking down again … More The Daily Dose; Demand Destruction Continues