BakkenMonitor cover Bakken Monitor – June 2018 EIA and Rystad forecasts compared

North Dakota's March oil production dipped to 1.162 million b/d (-12,000 b/d m-o-m), slightly below our forecast of 1.172 million b/d but in line with expectations of low...

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West Africa Cover Deepwater Insights – Africa June 2018

Africa has suffered in the downturn but is beginning to recover. Smaller nations such as Gabon, Namibia and South Africa are seeing incr...

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OMS-1 Oil Market Snapshot – May 2018 Saudi Arabia, Russia To Coordinate Production Increase After St. Petersburg Meet

Brent hit $80/bbl this month before retreating sharply to c. $75/bbl as Russia and Saudi Arabia signalled they will compensate for outages in Venezuela and Angola, and sa...

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BakkenMonitor cover Bakken Monitor – May 2018 EIA Sees Bakken Recovering 89% of Technically Recoverable Resources by 2050

North Dakota's February oil production held firm at 1.175 million b/d (-1,000 b/d m-o-m), below our forecast. We see production flat again in March, having increased our...

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OMS-1 Oil Market Snapshot – April 2018 Angola and Venezuela's "Involuntary Cuts" Aid OPEC's Compliance, Raise Capacity Questions

Brent reached $75/bbl on 23rd April as Vienna Group compliance improved significantly, due to poor Venezuelan and Angolan production performance. The dollar and oil pric...

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BakkenMonitor cover Bakken Monitor – March 2018 The Eagle Ford Has Landed - With a Thud?

North Dakota's January oil production fell further to 1.176 million b/d (-5,000 b/d m-o-m), in line with our forecast of 1.177 million b/d. We see production higher in F...

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OMS_cover Oil Market Snapshot – March 2018 Fed Up Of Rex - Tillerson Out, Bolton In, Iran Sanctions Next?

Brent dipped during early March to c. $65/bbl, but has settled at c. $69/bbl as of 21st March as crude inventories continue to fall counter-seasonally. Fed confidence in...

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BakkenMonitor cover Bakken Monitor – February 2018 Promises, Promises as LTO Outspends Again

North Dakota's oil production fell to 1.181 million b/d (-13,000 b/d m-o-m) in December, in line with our forecast of 1.172 million b/d. Reported earlier than expected, ...

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OMS_cover Oil Market Snapshot – February 2018 The Firm, or Just Bad Company? Saudi Arabia and Russia Consider Producer "Supergroup"

Brent has seen a sharp correction, settling at c. $67/bbl as of 27th February from $71/bbl previously. Our price forecast sees Brent averaging $65-$70/bbl in 2018. Money ...

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BakkenMonitor cover Bakken Monitor – January 2018 LTO Unchained: Strong Production Growth Expected as Majors Look to US

North Dakota's oil production increased to 1.195 million b/d (+9,000 b/d m-o-m) in November, in line with our forecast of 1.199 million b/d. We forecast December product...

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