-Russia is the guerilla leader of OPEC+, balancing Saudi Arabia -Wood Mac: Coronavirus demand destruction close to rivaling the Great Recession OPEC chatter was relentlessly opaque before the opening bell in New York City. Reports early Thursday indicated that members of the group agreed to cut output by 1.5 million barrels per day, giving Brent … More The Daily Dose
-Brent needs a keep-calm moment -Stein’s Law dictates that demand will return Crude oil prices were on pace for another round of pain on Wednesday as panic over the spread of the coronavirus overshadowed just about any other narrative relevant to traders. Though fourth quarter indicators already suggested some weakness, the restrictions in place to … More The Daily Dose
Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Fear is spreading faster than the coronavirus. -IMF issues urgent please for cooperation. Saudi Arabia closed the curtain on the latest meeting of ministers from the G20 under a cloud of fear. During … More Wanted: Global leader with experience
The GERM Report 