-Exxon cuts spending. Continental cuts production. -US oil sector continues to take a beating. Close to a dozen oil producing nations have been invited to a virtual town hall of sorts to discuss how to address the evaporation of global demand. The collapse of OPEC+ restraint and the closure of major segments of the world’s … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT The oil price war will resolve who’s in charge. Sources familiar with particular thinking will drive the market this week. The Brent crude oil market is coming off an extraordinarily volatile week, with … More The Great Price War of 2020
-Want the government to step in? Be careful what you wish for. -Bob McNally believes April will be “a particularly brutal month”. It seems as if most major oil producers will at the very least back some sort of rhetoric stating they’re all on the same page. There are few, if any, winners in the … More The Daily Dose
The GERM Report 