Oil Market Snapshot – November 2018
Brent tumbles to stand at $60/bbl at time of writing as stock market falls and Trump’s sanction waivers amplify fears of oversupply. Our Brent forecast averages $73.91...
Oil Market Snapshot – October 2018
With sanctions set to begin in November, the market is currently finely balanced between supply and demand, so how much Iranian oil is exported will remain important. Sup...
Oil Market Snapshot – September 2018
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 ...
Oil Market Snapshot – August 2018
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 ...
Oil Market Snapshot – July 2018
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...
Oil Market Snapshot – June 2018
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...
Oil Market Snapshot – May 2018
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...
Oil Market Snapshot – April 2018
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...
Oil Market Snapshot – March 2018
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...
Oil Market Snapshot – February 2018
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 ...