Investors Are Giving Up On U.S. Shale

Friday October 25, 2019 1. OECD oil demand declines- Last year, oil demand in Germany was weak and France posted an outright contraction, but demand rose in Italy and the UK. – This year saw the reverse, with gains in Germany and France, but declines in Italy and the UK. “Italian oil demand has fallen y/y in 10 consecutive months, with the decline exceeding 10% in five of those months,” Standard Chartered wrote in a note. – In August, demand contracted in all four countries – that has only happened four times over the last five…