US crude oil stocks rose 6.5 m bl last week with Gasoline and Distillate stocks down 2.0 and 0.8 m bl respectively. In total the three...
Rarely have we seen such a brutal break of a major level as when Brent crude broke above $80/bl on September 24. It did not spend...
If you mess with the Middle East then the most natural thing to expect is that you will get a high oil price in return. Donald...
Price action – EM debt concerns, copper sell-off and rising US crude stocks Brent crude yesterday rebounded 1.8% to an intraday high of $73.92/bl as the...
Brent crude fell back 1.1% yesterday to $74.73/bl while it intraday was down as much as 2.4% to $73.74/bl following the forceful message from Russia and...
Brent crude fell back 0.3% to $75.08/bl ydy after a strong rebound on Mon but is again up 0.8% this morning to $75.7/bl. It is taking...
In order to reach a consensus and keep the OPEC+ group united the latest proposal on the table for the upcoming meeting of OPEC+ on Friday...
If we sum up the latest news we have the following: 1) Deliberate cutters will increase production in 2H18 and 2019 2) OPEC+ will stay together...
Saudi Arabia and Russia have already started to lift production and are arguing for an increase in production at the upcoming OPEC+ meeting next week. Unofficial...
The current oil market is both strong and weak. It is weak in terms of rising inventories and floating storage over the past two weeks with...
