September 6, 2020
JOE NEEDS TO TAX IT INTO OBLIVION:
Oil Prices Face a Chill Autumn Wind (Julian Lee, September 6, 2020, Bloomberg)
As the summer driving season fades in the rearview mirror, oil markets are taking on a distinctly chilly air.The recovery in demand has officially stalled, just as the OPEC+ countries are starting to taper their record output cuts. With spare capacity rife throughout the supply chain and huge stockpiles of crude and refined products, it may be some while yet before oil prices resume their upward path.
Posted by Orrin Judd at September 6, 2020 12:00 AM
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