It is quite clear that the strong rebound in US shale oil production since early 2016 has been fuelled by access to cheap and easy money...
We are quite confident that OPEC+ will be successful in tightening up the front end of the oil market thus keeping the Brent crude oil 1mth...
This is basically the message that Saudi Arabia is sending to OPEC+ ahead of today’s OPEC meeting and tomorrow’s OPEC+ meeting. According to an unnamed OPEC...
Russia and Saudi Arabia agreed over the weekend to continue the cooperation of managing supply of crude oil to the market which was initiated in late...
Oil ministers in “OPEC+” met in Abu Dhabi this weekend. There were many grades of statements but the overall takeaway was clear: “There will be cuts...
We maintain our view that the sell-off since 3 October when Brent crude peaked at USD 86.3/bl will turn to bullish by mid-November. About one week...
Brent crude shed 4.2% yesterday closing at $76.44/bl. It has traded slightly to the upside this morning but more downside seems likely in the short term....
Crude stocks have been rising in the US and WTI prices have pushed lower and dragged Brent crude prices with them lower with Brent trading at...
US crude oil stocks rose 6.5 m bl last week with Gasoline and Distillate stocks down 2.0 and 0.8 m bl respectively. In total the three...
Rarely have we seen such a brutal break of a major level as when Brent crude broke above $80/bl on September 24. It did not spend...
