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- Brent has held above $50/bbl, up more than $7/bbl against November's average, as markets anticipate mass vaccinations despite a worsening global COVID-19 casel...

- Brent has hit $48bbl this week and averaged $42.42/bbl in November so far, up c. $2.23/bbl against October, as positive vaccine news fuels optimism for future ...

- 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<...

- 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...

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

- Brent has traded around $45/bbl in August, after four consecutive weekly US crude inventory draws, though stocks remain elevated
- Still, global COVID...

- Brent rose to c. $44/bbl in July, with OPEC+ applying compensatory cuts to the second phase of its deal and the EU agreeing a €750 billion stimulus package

- 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

- 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 ...

- 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 ...