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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ShaleMonitor cover Shale Monitor – 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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OMS-1 Oil Market Snapshot – August 2020 Brent Rises to $45/bbl in August, But Demand Concerns Continue to Threaten

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

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OMS-1 Oil Market Snapshot – July 2020 Brent Hits $44/bbl in July as OPEC+ Agrees Compensation

  • 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

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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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ShaleMonitor cover Shale Monitor – 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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OMS-1 Oil Market Snapshot – April 2020 Demand Leads Supply, With OPEC+ Deal Fragile and Inadequate

  • Brent has fallen to $22/bbl despite a fresh agreement on April 13th to curtail global production by 9.7 million b/d, while May WTI closed at -$37/bbl, negative...

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OMS-1 Oil Market Snapshot – March 2020 Brent Routed After OPEC's Last Waltz with Russia in Vienna, Pandemic

  • Brent has been routed to $26/bbl, as the world implements measures to tackle the COVID-19 pandemic and the OPEC+ agreement collapses
  • We now see Bren...

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