OMS-1 Oil Market Snapshot – October 2018 Saudi Bloc Covers Iran Losses, For Now

With sanctions set to begin in November, the market is currently finely balanced between supply and demand, so how much Iranian oil is exported will remain important. Sup...

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OMS-1 Oil Market Snapshot – September 2018 Rally Continues as OPEC Stands Pat

Brent climbs to trouble $80/bbl in September, prompting Trump tweets prior to OPEC’s 23rd September meeting. OPEC and allies refuse to promise more production, seeing ...

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OMS-1 Oil Market Snapshot – August 2018 Saudi Production Fall Redistributes Gains to Allies UAE and Kuwait

Brent trades around $73/bbl for most of August, balanced between concerns over supply later in the year and ongoing trade spats between the US and China. Futures are in ...

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OMS-1 Oil Market Snapshot – July 2018 Brent corrects by 6.9%, but potential for undersupplied market remains in 2019

Brent sees 6.9% decline on 11th July, before recovering to c. $74/bbl mid-month. Money managers take profits and reduce record net long position, using announcement of r...

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OMS-1 Oil Market Snapshot – June 2018 OPEC, allies, agree to be "less compliant"

Brent at $77.37/bbl on 27th June, up from $73/bbl in the wake of the OPEC and allies agreement return to 100% compliance with existing production targets in the near futu...

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OMS-1 Oil Market Snapshot – May 2018 Saudi Arabia, Russia To Coordinate Production Increase After St. Petersburg Meet

Brent hit $80/bbl this month before retreating sharply to c. $75/bbl as Russia and Saudi Arabia signalled they will compensate for outages in Venezuela and Angola, and sa...

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OMS-1 Oil Market Snapshot – April 2018 Angola and Venezuela's "Involuntary Cuts" Aid OPEC's Compliance, Raise Capacity Questions

Brent reached $75/bbl on 23rd April as Vienna Group compliance improved significantly, due to poor Venezuelan and Angolan production performance. The dollar and oil pric...

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OMS_cover Oil Market Snapshot – March 2018 Fed Up Of Rex - Tillerson Out, Bolton In, Iran Sanctions Next?

Brent dipped during early March to c. $65/bbl, but has settled at c. $69/bbl as of 21st March as crude inventories continue to fall counter-seasonally. Fed confidence in...

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OMS_cover Oil Market Snapshot – February 2018 The Firm, or Just Bad Company? Saudi Arabia and Russia Consider Producer "Supergroup"

Brent has seen a sharp correction, settling at c. $67/bbl as of 27th February from $71/bbl previously. Our price forecast sees Brent averaging $65-$70/bbl in 2018. Money ...

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OMS-1 Oil Market Snapshot – January 2018 OPEC Offers Spare Room to LTO as Majors Move In

Brent has exceeded $71/bbl intraday on January 25th, the highest level since May 2015. However, record net longs from money managers underpin the possibility of a correc...

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