OMS-1 Oil Market Snapshot
May 2020
Brent Holds Around $35/bbl As US Inventories Peak Amidst Talk Of Extended Cuts

  • Brent has risen to c. $35/bbl in May as demand lifts from its lows, US inventories ease and OPEC+ cuts start to take effect, though the benchmark was a little ...

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OMS-1 Oil Market Snapshot
April 2020
Demand Leads Supply, With OPEC+ Deal Fragile and Inadequate

  • Brent has fallen to $22/bbl despite a fresh agreement on April 13th to curtail global production by 9.7 million b/d, while May WTI closed at -$37/bbl, negative...

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OMS-1 Oil Market Snapshot
March 2020
Brent Routed After OPEC's Last Waltz with Russia in Vienna, Pandemic

  • Brent has been routed to $26/bbl, as the world implements measures to tackle the COVID-19 pandemic and the OPEC+ agreement collapses
  • We now see Bren...

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