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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OMS_November-2017 Oil Market Snapshot – November 2017 OPEC Band Back Together For Another Viennese Waltz

Brent holds above $60/bbl as speculators amass record net long positions in the run up to OPEC’s 173rd meeting on 30th November. Futures pricing indicates a market in ...

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OMS_October-2017 Oil Market Snapshot – October 2017 Brent recovers on Kurdish clashes as "OPEC-plus" deal edges towards extension

Brent has steadily recovered to ultimately breach $60/bbl in October after a sharp sell-off at the end of September from highs of $59.09/bbl. Clashes in the Kurdish reg...

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OMS_September-2017 Oil Market Snapshot – September 2017 OPEC Deal Bears Autumn Fruit As Production Forecasts Fall

Brent has risen to c. $58/bbl in September as IEA demand forecasts increase, while geopolitical risk threatens 500,000 b/d of Iraqi supply. Our demand forecast remains u...

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OMS_August-2017 Oil Market Snapshot – August 2017 Brent Becalmed, But Market Tightening Continues

Brent remains at c. $52/bbl as falling US inventories and rig counts indicate the market is tightening, though Hurricane Harvey has shut-in US refining capacity. The IEA...

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OMS_July-2017 Oil Market Snapshot – July 2017 Don't Ecuador Hit You On The Way Out

Falling US inventories and firm words after the OPEC/non-OPEC compliance meeting help lift prices, even as Ecuador announces it will leave the agreement. Brent has ris...

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OMS_June-2017 Oil Market Snapshot – June 2017 Buy The Ticket, Take The Ride

With fear and loathing of the OPEC deal high in the market, we make the case that the deal has been a qualified success. Brent fell to c. $45/bbl in mid-June despite d...

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