Between 2.2 m bl/d to 2.5 m bl/d of new pipeline capacity from the Permian basin to the US Gulf will be put into operation in...
Brent crude jumps 2.8% this morning to $66.6/bl following news that Saudi Arabia and Russia are in agreement of an extension of current cuts for another...
Following its intraday low of $59.45/bl last week the Brent August contract staged a mild rebound this week and reached an intraday high of $64.1/bl on...
Brent crude gained 2.3% last week with a close of $72.2/bl countering negative headwinds from both USD strength (Dollar index +0.7%) and losses in global equities...
Week over week to Friday Brent crude fell back 0.3% to $70.62/bl along with a global equity sell-off of 2.6%. The sell-off in oil was thus...
Donald Trump’s threat to add 25% tariffs on all Chinese imports is this morning sending Shanghai equities down 6%, S&P 500 futures down 1.7% and Brent...
Saudi Arabia pre-emptively and proactively lifted oil production last year in anticipation of US sanctions towards Iran. Sanctions were supposed to be more or less “cold...
A cocktail of bullish factors are hitting the supply side. We have ongoing cuts by OPEC+. Venezuela is deteriorating rapidly with latest news that due to...
Brent crude moved up 1.2% over the past week to a close of $66.67/bl yesterday. The move was mostly in the front part of the curve...
Brent crude traded down 1.0% yesterday to $61.51/bl following a 1% decline last week. A stronger USD was again an important negative driver as the dollar...
