BakkenMonitor_May-2017 Bakken Monitor – May 2017

  • North Dakota's oil production rose to 1.034 million b/d (+53,000 b/d m-o-m) in February as the remaining weather-bound production returned, in line with our fo...

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OMS_April-2017 Oil Market Snapshot – April 2017 Credibility Crunch

OPEC is doing better on compliance - so why is market confidence waning? Brent rallied in early April on confidence in an OPEC deal extension. However, Brent struggle...

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BakkenMonitor_April-2017 Bakken Monitor – April 2017

  • North Dakota's oil production recovered to 980,294 b/d (+38,000 b/d m-o-m) in January as wells shut-in due to poor weather partially returned, in the upper thi...

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OMS_March-2017 Oil Market Snapshot – March 2017 Saudi Arabia Fires Warning Shot in Houston

The Kingdom adopts a "carrot and stick" approach as US production rises and inventories remain stubbornly high Brent fell in mid-March on market concerns about the OPE...

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BakkenMonitor_March-2017 Bakken Monitor – March 2017

  • North Dakota's oil production crashed to 942,455 b/d in December from 1.034 million b/d in November (a record -92,000 b/d m-o-m) as harsh winter weather shut i...

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OMS-February-2017 Oil Market Snapshot – February 2017 Home on the Range

Brent rangebound at $55/bbl as volatility evaporates, but concerns remain over swelling inventories Brent's loss of momentum has resulted in a drastic reduction in pri...

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BakkenMonitor_January-2017 Bakken Monitor – February 2017

  • North Dakota's oil production fell to 1.034 million b/d in November from 1.44 million b/d in October (-10,000 b/d m-o-m), in line with our forecast of 1.030 mi...

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OMS-January-2017 Oil Market Snapshot – January 2017 Brent Steady as OPEC Deal Starts Well

The industry grows upstream capex as cautious optimism returns, including in deepwater offshore Mexico Brent has held at c. $55/bbl, off slightly from its year end val...

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OMS_December-2016 Oil Market Snapshot – December 2016 O Cut All Ye Faithful

OPEC delivers a Christmas present for the market, but planned projects suggest the deal will need to be extended Brent rallied strongly to $55.68/bbl (+12%/$6.71/bbl m...

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BakkenMonitor_January-2017 Bakken Monitor – January 2017

  • North Dakota's oil production rose to 1.043 million b/d in October from 0.972 million b/d in September (+0.071 million b/d m-o-m), the largest ever single mont...

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