Nymex WTI front month futures trade negative
The active Nymex West Texas Intermediate (WTI) oil contract (May) that will expire today briefly traded close to -$40/bbl yesterday and is currently at US$1.42/bbl[1]. Later today…
Analys
Analyser på råvaror från ledande banker och analysföretag. Både längre analysbrev och kortare tradingidéer.
OPEC+ reaches historic deal, but is it enough?
Following an impasse that lasted from 6th March until Easter weekend, OPEC+ are finally ready to start cutting oil production again. The pain from falling demand and rising…
An age of unprecedented oil volatility
We are living in a time of unprecedented volatility in oil. That is the consequence of a twin shock: both demand is collapsing and supply is rising. Oil prices are now more…
The thematic case for nickel
Nickel has exciting long-term prospects as its use in electric vehicle batteries is expected to drive its demand growth in the future. This structural trend has however not…
Defensive Assets: Gold, a precious ally in the fight against equity drawdown
In the previous instalments of this blog series, we highlighted the defensive behaviour of quality and high dividend equities, long duration government bonds and safe haven…
Easing Corona concerns gives oil a small rebound
Brent crude is rebounding 0.5% this morning to $62.4/bl following yesterday’s sell-off which took it down to an intraday low of $61.25/bl. Goldman was early out stating that a…
Another geopolitical jolt for oil markets?
Oil prices surged in the first week of the new year following a US airstrike which killed Qassem Soleimani, the head of the Iranian Revolutionary Guards’ overseas forces.…
Repeated losses of supply in Libya in 2020 seems likely
Libya’s oil production (1.1 m bl/d in December) is now estimated to have fallen to close to zero as General Haftar has closed ports and pipelines under his control. So far there…
Increased OPEC power in 2021 requires demand revival
Brent crude rebounded almost 1% yesterday to $64.62/bl and continues to tick a little higher this morning but still below the $65/bl mark. The signing of the US – China trade…
OPEC+ in comfortable position as U.S. shale oil slows down
This week is the week of monthly oil market reports from the three main energy organisations IEA, EIA and OPEC. The US EIA is first out with its monthly update today at 18:00 CET.…