OMS_May-2017 Oil Market Snapshot – May 2017 The Art of The Production Deal

Oil falls as OPEC extends the production deal, but if politics is the art of the possible, is the market expecting too much? Brent broadly recovered to c. $54/bbl from...

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OMS_April-2017 Oil Market Snapshot – April 2017 Credibility Crunch

OPEC is doing better on compliance - so why is market confidence waning? Brent rallied in early April on confidence in an OPEC deal extension. However, Brent struggle...

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OMS_March-2017 Oil Market Snapshot – March 2017 Saudi Arabia Fires Warning Shot in Houston

The Kingdom adopts a "carrot and stick" approach as US production rises and inventories remain stubbornly high Brent fell in mid-March on market concerns about the OPE...

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OMS-February-2017 Oil Market Snapshot – February 2017 Home on the Range

Brent rangebound at $55/bbl as volatility evaporates, but concerns remain over swelling inventories Brent's loss of momentum has resulted in a drastic reduction in pri...

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OMS-January-2017 Oil Market Snapshot – January 2017 Brent Steady as OPEC Deal Starts Well

The industry grows upstream capex as cautious optimism returns, including in deepwater offshore Mexico Brent has held at c. $55/bbl, off slightly from its year end val...

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OMS_December-2016 Oil Market Snapshot – December 2016 O Cut Oil, Ye Faithful

OPEC delivers a Christmas present for the market, but planned projects suggest the deal will need to be extended Brent rallied strongly to $55.68/bbl (+12%/$6.71/bbl m...

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OMS_November Oil Market Snapshot – November 2016 November Fireworks

OPEC heads to Vienna in search of a deal, while Trump beats the odds in America Brent tumbled early in November as markets started doubting an OPEC agreement but regai...

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OMS-October-2016 Oil Market Snapshot – October 2016 Early Freeze in October?

Market treated to an OPEC agreement in principle, but watch out for tricks with compliance Brent held above $50/bbl for most of October as expectations of an OPEC prod...

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OMS_September 2016 Oil Market Snapshot – September 2016 A Little More Speculation, A Little More Action

Potential production deal partners ramp production even as they hint at agreement Speculation ahead of the OPEC/Russia meeting on 27th September saw Brent volatile wit...

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OMS-August-2016 Oil Market Snapshot – August 2016 No Truce Yet in OPEC Market Share Battle

Inventories cap prices as the market dreams of an OPEC deal, but the fight for market share continues as Big Oil sees margins squeezed Brent closed at $50.95/bbl on 18...

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