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...
This week is the week of monthly oil market reports from the three main energy organisations IEA, EIA and OPEC. The US EIA is first out...
After having spiked to almost $72/bl at the start of the year the Brent crude oil price has now fallen back to $65.3/bl. Left, right and...
