OMS_July_2016 Oil Market Snapshot – July 2016 Emergency Brexit

Demand-side political risk makes a comeback with Brexit, European terror and Turkish instability Brent remains off its June highs as economic uncertainty from recent g...

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Oil Cover Oil Market Snapshot – June 2016 Searching for Balance

As the dollar gains and inventories swell, can the market balance by year end? Uncertainty surrounding Brexit caused Brent to fall sharply from the $52/bbl mark it rea...

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OMS-May-2016 Oil Market Snapshot – May 2016 Foresight in the Desert?

Saudi Arabia likely to want moderated oil prices to support Vision2030 policies as Al-Naimi retires Brent rose above $50/bbl on 26th May on continued supply disruptio...

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OMS_April_2016 Oil Market Snapshot – April 2016

  • Brent has risen to hold around $45/bbl in April, boosted mainly by EIA reports of declining US LTO production
  • The last-minute collapse of negotiatio...

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OMS_March_2016 Oil Market Snapshot – March 2016

  • Brent has continued to rally in March, buoyed by a weaker dollar and a firm date for meetings between Russia and OPEC
  • Inventories continue to build,...

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OMS_February-2016 Oil Market Snapshot – February 2016

  • Brent rallied to c. $36/bbl on 29th February from a low of $27.76/bbl in January, buoyed by negotiations between Russia and OPEC countries
  • Prices re...

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OMS_January-2016 Oil Market Snapshot – January 2016

  • Brent fell to $27.10/bbl intraday on 20th January, before rebounding to above $34/bbl on 28th January after a short squeeze rally and rumours of joint Russian/...

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OMS_December-2015 Oil Market Snapshot — December 2015

  • Brent prices have fallen to a new low of $36.05/bbl intraday, the lowest for 11 years, as OPEC continued its policy of maximising market share after 4th Decemb...

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OMS-November-2015 Oil Market Snapshot — November 2015

  • Brent prices recovered significantly by 6.5% to c. $46/bbl from around $43/bbl on 16th November, as Saudi Arabia indicated willingness to support oil prices an...

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OMS_October-2015 Oil Market Snapshot — October 2015

  • Brent traded at $53.86/bbl on 8th October following a short-lived rally, but fell back to $48.13/bbl by 28th October
  • We forecast average Brent price...

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