OMS-1 Oil Market Snapshot – September 2018 Rally Continues as OPEC Stands Pat

Brent climbs to trouble $80/bbl in September, prompting Trump tweets prior to OPEC’s 23rd September meeting. OPEC and allies refuse to promise more production, seeing ...

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OMS-1 Oil Market Snapshot – August 2018 Saudi Production Fall Redistributes Gains to Allies UAE and Kuwait

Brent trades around $73/bbl for most of August, balanced between concerns over supply later in the year and ongoing trade spats between the US and China. Futures are in ...

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OMS-1 Oil Market Snapshot – July 2018 Brent corrects by 6.9%, but potential for undersupplied market remains in 2019

Brent sees 6.9% decline on 11th July, before recovering to c. $74/bbl mid-month. Money managers take profits and reduce record net long position, using announcement of r...

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OMS-1 Oil Market Snapshot – June 2018 OPEC, allies, agree to be "less compliant"

Brent at $77.37/bbl on 27th June, up from $73/bbl in the wake of the OPEC and allies agreement return to 100% compliance with existing production targets in the near futu...

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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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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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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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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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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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