Marked has placed all chips on the long side betting on an extension of OPEC/non-OPEC production cuts which officially ends in Q1-18. In general we do...
After hitting a fresh 2015 high of $64.65/bl last week on the back of spiralling geopolitical risk it is not too surprising that the front month...
Exactly two weeks ago we argued that Brent crude would probably reach $65/b before Christmas. And wow has that delivered quicker than we thought. Of course...
Crude oil price action – Brent crude 1mth Inching 1% higher WoW amid dollar headwinds. Brent to WTI crude spreads continues to widen Brent crude inched...
OPEC compliance is back in focus as compliance fell in September to 990 kb/d of cust versus a pledge of 1200 kb/d for the cutters. OPEC’s...
Crude oil comment – Carried higher by declining US oil rigs and declining oil inventories (and speculators rolling into the front end of the curve) Inventories...
Following some intraday swings with Brent trading as low as $54.82/bl it closed the day with only a slight loss of 0.3% at $55.48/bl. The whole...
My key takeaways (Sales Summary) Oil prices have been volatile lately due to the hurricanes in the U.S Gulf coast, with Brent testing the important support...
Crude oil comment – Crude oil higher as Hurricanes disrupt crude supply rather than crude demand (refinery processing of crude) All since the end of July...
Price action – Gasoline prices dives 4% as smoke clears after Henry. No visible market concerns yet for hurricane Irma which is on the way Brent...
