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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ShaleMonitor cover Shale Monitor – March 2020 Already Under Pressure, US LTO Set to Slash Capex Further

  • Even prior to the coronavirus and OPEC+’s failure to agree fresh cuts on March 6th, US LTO was in financial trouble
  • Collectively, 4Q19 was the bes...

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OMS-1 Oil Market Snapshot – February 2020 COVID-19 Rattles Markets, As Russia and Saudi Are Split on OPEC+ Response

  • Brent has collapsed to $50/bbl on 28th February, after a brief bounce at $55/bbl, as fears of weaker demand grip global markets due to the coronavirus outbreak...

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OMS-1 Oil Market Snapshot – January 2020 Coronavirus Outbreak Spooks Traders Over Demand Concerns

  • After a spike to c. $70/bbl in the wake of the assassination of Iranian General Qassim Soleimani, Brent has collapsed to $60.15/bbl on expectations of weaker d...

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Oil Cover Oil Market Snapshot – December 2019

• Brent has held firm in December, trading at $66.38 on 17th December, as the OPEC+ group reached a new deal and the US-China trade war looked to be nearing a ceasefire...

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OMS-1 Oil Market Snapshot – November 2019 No New Targets As Saudi Arabia Attempts To Enforce Compliance

Brent recovered slightly in November, trading at $63.87 on 28th November, against October’s average of $59.71/bbl. Less headwind from recent macro-economic data, combi...

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ShaleMonitor cover Shale Monitor – November 2019 "Fracking Ban" Would See LTO Production Fall c. 40% In First Year

North Dakota's August 2019 output was 1.477 million b/d (+31,000 b/d m-o-m), in line with our 1.471million b/d (+25,000 b/d) forecast. July’s figure of 1.446 million b...

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OMS-1 Oil Market Snapshot – October 2019 Saudi Arabia's Quick Recovery Keeps Brent Flat

Brent has fallen back to August levels in October, trading between $58/bbl and $62/bbl. After Saudi Arabia achieved a swifter return to production than many expected, co...

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OMS-1 Oil Market Snapshot – September 2019 Saudi Arabia Puts On a Brave Face After Missile Attacks

The attacks on Saudi installations at Khurais and Abqaiq appear to have had a limited effect on Brent, which is at c. $62/bbl, down from the initial 20% spike to $70/bbl ...

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BakkenMonitor cover Bakken Monitor – September 2019 Access to Capital, Not Drilling Locations, Will Determine When US LTO Peaks

North Dakota's June 2019 output hit 1.425 million b/d (+30,000 b/d m-o-m), in line with our 1.428 million b/d (+33,000 b/d) forecast. This marks a return to growth after...

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