OMS-1 Oil Market Snapshot
March 2021
Brent Volatile On OPEC+ Surprise, Euro Lockdowns, and One Stuck Ship

  • Rising sharply after the March OPEC+ meeting's surprise result, Brent is now trading c. $63/bbl, having flirted with $60/bbl on fresh European lockd...

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OMS-1 Oil Market Snapshot
February 2021
Brent Adds c. $10/bbl In February As Inventories Fall And Texas Cold Snap Hits Permian

  • Brent started February at $56.30/bbl and ends it above $65/bbl, with inventories continuing to draw and the Texan cold snap temporarily hitting Permian product...

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OMS-1 Oil Market Snapshot
January 2021
Brent Solid At $55/bbl As Saudi Surprise Outweighs Fresh Lockdowns

  • Brent has held at $55/bbl for most of January despite a softening of the 2021 demand picture, as Saudi Arabia announced a surprise 1 million b/d "voluntary" pr...

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