Brent took a breather ydy following good gains since mid-Jan. Brent crude took a breather and fell back 1.4% yesterday to USD 82.4/b following a gradual rise...
The Brent crude oil price has seen some good gains lately and mostly it has been explained with rising Mid-East tensions. But if we use the...
Risk off across the board with oil down 2%. Trading strategies looks fixed at sell-on-rallies ignited by Mid-East tensions. It is of course a risk-off day today...
Brent crude is jumping 2.6% to USD 79.4/b this morning following the US/UK attack on more than 60 Houthi rebel targets in Yemen. The US/UK is...
Last week, Brent crude experienced a notable gain of USD 1.7/b, concluding Friday at USD 78.8/b, propelled by escalating risks in the Middle East. However, this...
2024 looks to be a very good year for OPEC+. IEA’s crystal ball projects a marginal 0.2 m b/d decline in the need for oil from...
Thumbs down was first reaction by financial market. The market gave the decision from the latest OPEC+ meeting an unexpectedly bearish reception. Yes, it was an unusual...
All eyes are now back at OPEC+ after the recent fall in oil prices along with weakening crude curve structures and weakening economic statistics. OPEC+ will have...
Production in Venezuela and Iran is on the rise and is set to rise further in the coming months and in 2024. Combined their production could...
Brent crude traded down 0.4% earlier this morning to USD 91.8/b but is unchanged at USD 92.2/b at the moment. Early softness was probably mostly about...