2024 looks to be a very good year for OPEC+. IEA’s crystal ball projects a marginal 0.2 m b/d decline in the need for oil from...
Thumbs down was first reaction by financial market. The market gave the decision from the latest OPEC+ meeting an unexpectedly bearish reception. Yes, it was an unusual...
All eyes are now back at OPEC+ after the recent fall in oil prices along with weakening crude curve structures and weakening economic statistics. OPEC+ will have...
Production in Venezuela and Iran is on the rise and is set to rise further in the coming months and in 2024. Combined their production could...
Brent crude traded down 0.4% earlier this morning to USD 91.8/b but is unchanged at USD 92.2/b at the moment. Early softness was probably mostly about...
Brent crude has recovered to above USD 90/b again. Risk premium due to Israel/Gaza? Maybe not so much at all. Latest data from the IEA indicates...
Brent crude has sold off hard since 28 September. Fear for the health of the global economy and thus oil demand going forward is at the...
Saudi Arabia’s oil minister, Prince Abdulaziz bin Salman, last week stated at a conference in Calgary: ”I believe it when I see it. When reality comes around...
The Dated Brent crude oil price ydy closed at USD 96/b. Wow, that’s a high price! This sensation however depends on what you think is ”normal”....
Some crude oil grades have already traded above USD 100/b. Tapis last week at USD 101.3/b. Dated Brent is trading at USD 95.1/b. No more than...
