. . Market Sentiment Watch: Energy noting IEA report cutting global demand for 2020 as expected but no reduction of 2021 is a surprise. Sally bearing east instead of west is good for refining capacity. WHO says globally Covid-19 shows few signs of slowing. In today’s post please find: the early read on oil inventories, […]
. . Market Sentiment Watch: All eyes on Payrolls tomorrow. Covid cases seem to be plateauing again. We also note several drugs are showing positive signs as potential treatments or prophylactic (anyone on Heparin may get a benefit according to an increasing number of reports). We are noting a number of energy voices taking note […]
. . Market Sentiment Watch: Covid-19 re-closure concerns sapped the market yesterday, New York reverse quarantined three more states yesterday bringing the total to 19 states, In a bit of better news a 15 minute Covid test was approved. Energy eyes are inventories today and while we and a few others suspect a larger than […]
. . Market Sentiment Watch: China quits GDP target for 2020 due to Covid-19 while activating massive stimulus. Recent reports have shown a sharp increase in oil demand (nearly back to pre Covid levels) but oil took the news on the chin overnight. Trump Administration grants royalty relief to some E&Ps. This appears to be […]
. . Market Sentiment Watch: Energy Eyes are on the monthly trio of reports due out this week with the EIA leading off later today with the STEO where we expect to see another round of supply forecast cuts. We get the OPEC Monthly Tomorrow (probably much smaller incremental cut to 2020 oil demand) and […]
Zman's Energy Brain ~ oil, gas, stocks, etc… is is proudly powered by Wordpress
Navigation Theme by GPS Gazette