Brent crude had a strong end of the year as it traded at the highest level since 1 December. It is a slow start to the...
The Brent crude oil August contract traded briefly above the $40/bl line yesterday but has now pulled back again as the market is awaiting a decision...
Additional cuts of 1.2 m bl/d in June from Saudi/Kuwait/UAE yesterday failed to rejoice the oil market and the Brent crude oil price fell 4.3% instead....
Saudi Arabia today reduced its official selling prices (OSPs) to Asia in June and crude oil prices are bouncing 6-9% on the back of that news....
It is a huge challenge to be an oil analyst these days because the changes are so fast, the magnitudes are so large and exact numbers...
Oil contracts are having a 10% relief rally today as Monday’s price crash moves away. It was predominantly the small investors who lost their shirts and...
Right now, we have a “467 million barrels of financial “get me out of here” taking place in the WTI June contract. After seeing what happened...
Brent crude is rebounding 0.5% this morning to $62.4/bl following yesterday’s sell-off which took it down to an intraday low of $61.25/bl. Goldman was early out...
Libya’s oil production (1.1 m bl/d in December) is now estimated to have fallen to close to zero as General Haftar has closed ports and pipelines...
Brent crude rebounded almost 1% yesterday to $64.62/bl and continues to tick a little higher this morning but still below the $65/bl mark. The signing of...
