OMS-1 Oil Market Snapshot
June 2020
Brent Rises to c. $41/bbl After Cuts Extensions and Firm Compliance

  • Brent rose to c. $41/bbl in June as OPEC+ extended the higher cut level of 9.7 million b/d for another month to July and posted firm compliance data
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June 2020
Poor 1Q20 LTO Results - A Taste Of Things To Come

  • 1Q20 LTO revenues declined in line with average pricing (-25% q-o-q), while collectively net income falls to -$28.5 billion, close to the nadir of 4Q15
  • ...

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OMS-1 Oil Market Snapshot
May 2020
Brent Holds Around $35/bbl As US Inventories Peak Amidst Talk Of Extended Cuts

  • Brent has risen to c. $35/bbl in May as demand lifts from its lows, US inventories ease and OPEC+ cuts start to take effect, though the benchmark was a little ...

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