-Demand in Fujairah “has been really, really bad” -Tensions are running hot in the Mediterranean region. Crude oil prices were defying logic, posting a slight loss early in the session despite major storm threats to the US oil and gas sector. Forecasters expected Laura to quickly turn into a category 4 hurricane as it bares … More The Daily Dose; Let’s Look Beyond Laura.
-US pipeline woes curb potential for energy dominance -Russia is concerned about a Joe Biden victory The price for Brent crude oil remains stuck at around $40 per barrel as the abnormalities of the quarantine economy become the new normal. The apathetic price band comes even as the US government raised its estimate for Brent … More The Daily Dose; US Oil Dominance Faces Headwinds.
-Another US energy company bites the dust -Brent prices avoided a milestone, but just barely Crude oil prices were supported, but just barely, in early Friday trading on expectations that global policymakers would keep their foot on the stimulus pedal, despite worrying signs of new COVID-19 cases and waning demand in Asia. Brent crude oil … More The Daily Dose; Brent Again in Retreat.
The GERM Report 