-Production restraint has offered zero support for the price of oil -Once it’s gone, it’s gone, the US energy secretary suggests. So far, it seems the breakthrough deal among the world’s major oil producers did little to prop up the price of oil. Production restraint provides little support at a time when many segments of … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT OPEC+ arrangement a victory in rhetoric only. Energy Intelligence forecasts swift declines outside the OPEC group. Looking at US hegemony as the effort to contain the spread of communism collapsed in Vietnam in … More “A nightmare of global organization.”
-Trump no longer hates OPEC. -Any OPEC cuts would come from already extraordinary heights. Some 6.6 million Americans lost their jobs last week, though equities markets are showing a return to optimism amid early signs of a slow pandemic recovery. In the American oil sector, however, the pain is severe and enduring, with investments receding … More The Daily Dose
The GERM Report 