Oil Market Snapshot
August 2022

  • Brent has started August below $100/bbl, with OPEC+ agreeing a tiny quota increase of 100,000 b/d, while US commercial inventories built, supported by SPR rel...

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Oil Market Snapshot
July 2022

  • July starts with Brent trading c. $111/bbl, down $6/bbl against the start of June, after yet another volatile month as tight supply and recession concerns do ...

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Oil Market Snapshot
June 2022

  • The EU has agreed direct and secondary sanctions on Russian oil, pushing prices toward $120/bbl
  • We forecast global demand growth of 2.38 million b...

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