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...

Read more ►

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...

Read more ►

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...

Read more ►

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...

Read more ►

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 ...

Read more ►

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...

Read more ►

OMS-1 Oil Market Snapshot – July 2019 Hormuz Tensions Support, Economy Caps Brent in July

Brent was range-bound between $62/bbl and $68/bbl in July. Tensions in the Strait of Hormuz have kept a floor under prices, while concerns over global growth have provide...

Read more ►

OMS-1 Oil Market Snapshot – June 2019 Brent Cuts To $60/bbl Before US-Iran Tensions Push Oil Back To $65/bbl

Brent fell as low as $60.56/bbl on 12th June after successive US inventory builds and concerns over the global economy, before recovering above $65/bbl as tensions betwee...

Read more ►

BakkenMonitor cover Bakken Monitor – June 2019 Bakken Production Pushes Ahead On Lower Capex, Fewer Wells In 1Q19

North Dakota's March 2019 output recovered to 1.390 million b/d (+55,000 b/d m-o-m), in line with our 1.394 million b/d (+59,000 b/d) forecast, as wells returned to produ...

Read more ►

OMS-1 Oil Market Snapshot – May 2019 Risks Finely Balanced As Physical and Paper Traders Battle It Out In Brent

Brent has retreated in May, falling as low as $68.05/bbl on 23rd May as building US inventories weighed, before recovering to c. $70/bbl by the end of the month. Threats...

Read more ►