OMS-1 Oil Market Snapshot
October 2020 Brent Dips Below $40/bbl as October Ends, With France and Germany Locked Down

  • Brent has averaged $40.48/bbl in October so far, down c. $1.66/bbl against September, as a second wave of COVID-19 infections across the OECD weighs on demand<...

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OMS-1 Oil Market Snapshot
September 2020 Brent Falls to c. $42/bbl in September As COVID Resurgence in Europe Dents Demand Hopes

  • Brent has averaged $42.14/bbl in September, down c. $3/bbl against August, with a second wave of infections rising in Europe raising concerns over demand as co...

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September 2020 Red, Dead, No Redemption: 2Q20 Revenue Collapses With Fresh Capital Unlikely

  • 2Q20 LTO revenues fell faster than pricing as development activity collapsed and production was shut-in
  • For our coverage universe, net income was up...

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