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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OMS-1 Oil Market Snapshot – January 2018 OPEC Offers Spare Room to LTO as Majors Move In

Brent has exceeded $71/bbl intraday on January 25th, the highest level since May 2015. However, record net longs from money managers underpin the possibility of a correc...

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OMS_December-2016 Oil Market Snapshot – December 2017 OPEC's New Year's Resolution: The Same As Last Year

Brent holds above $63/bbl as Forties pipeline shutdown amplifies bullish sentiment. As futures continue to rise, so do our latest price forecasts with our global supply a...

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Med Sea Cover Deepwater Insights – Mediterranean & Black Sea Gas buoys hopes for Mediterranean developments, Black Sea remains stagnant

Following several significant gas discoveries in the deepwater Mediterranean since 2009, such as those off Israel, Cyprus and Egypt, hopes for more regional finds and de...

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