Saudi Arabia’s oil minister, Prince Abdulaziz bin Salman, last week stated at a conference in Calgary: ”I believe it when I see it. When reality comes around...
The Dated Brent crude oil price ydy closed at USD 96/b. Wow, that’s a high price! This sensation however depends on what you think is ”normal”....
Some crude oil grades have already traded above USD 100/b. Tapis last week at USD 101.3/b. Dated Brent is trading at USD 95.1/b. No more than...
The market is bewildered and cannot quite figure out whether the latest extension of Saudi Arabia’s unilateral cut to the end of the year is 1)...
Oil, gas and coal prices have increased by 11%, 48% and 17% respectively since a low point in early June, but they are still down by...
The world is craving for medium sour crude, middle distillates and heavier products. Deep cuts by OPEC+ has created a super tight market for medium to...
US API last night released partial US oil inventory data indicating a draw of 6.2 m b in US crude stocks last week. If the IEA...
Crude oil prices are pulling back this morning on China concerns. But Saudi Arabia is probably very happy with the overall situation. It has showed the...
Coal, oil, and nat gas have been under continuous bearish pressure along with a weakening macro backdrop. Going forward, however, we expect OPEC cuts to drive...
Oil sells off as Goldman gives up on USD 95/b end-of-year. The front-month Brent contract traded to a high of USD 78.73/b last Monday in response to...
