Brent crude traded much of the day yesterday on the weak side as API predicted US crude stocks to rise and president Macron placed a revised...
Donald’s tweet on Friday that the OPEC cartel is keeping oil prices artificially high sent Brent crude down to an intraday low of $72.88/bl. The market...
Brent crude oil is ticking higher by the day as OPEC+ cuts are intact, global oil demand growth is firm (though global economic growth rates seems...
Looking at Brent crude in euro terms captures both crude oil bakcwardation, euro inflation and dollar weakening. Looking only in dollar terms then you loose the...
Brent crude oil is trading up 0.2% this morning to $71.5/bl supported by Kuwait’s statement that OPEC will discuss extending production cuts to 2019 at its...
Oil demand growth is super strong, inventories are declining, oil production in Venezuela is collapsing, renewed disturbances in Libya, OPEC+ is all in on production cuts,...
China today launched its long awaited yuan denominated oil contract at the International Energy Exchange (INE) in Shanghai. Seven crude streams from UAE, Qatar, Oman, Yemen...
It is very clear that Brent crude oil has followed the general risk-on/risk-off movements in global equities so far this year. The catalyst and the real...
The US EIA yesterday released its monthly drilling productivity report as well as its DUC report (showing the number of drilled and completed wells). The reports...
The sell-off in global equity markets accelerated yesterday dragging both front end and longer dated crude oil contracts lower. Since one week ago the front end...
