Brent crude sold off 1.7% yesterday with a close of $61.63/bl but has rebounded 0.4% today trading at $61.8/bl. The sell-off came on the back of...
Brent crude closed down 2.8% yesterday at $59.93/bl while WTI closed down a bit more violently 3.2% at $51.99/bl. A 0.8% decline in the S&P 500...
Brent crude has gained 21% since Christmas eve following a comparable 12.4% recovery in the S&P 500 index. So just as the sell-off in Brent crude...
Q1: When will pledged cuts by OPEC+ become visible in oil inventory data? Q2: When will we see softer US oil production growth due to lower...
The point is that all crudes are not created equal. US supply of ultralight crudes and NGLs is drowning the world with light end products. As...
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...
