Oil Market Snapshot – March 2017
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...
Oil Market Snapshot – February 2017
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...
Oil Market Snapshot – January 2017
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...
Oil Market Snapshot – December 2016
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...
Oil Market Snapshot – November 2016
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...
Oil Market Snapshot – October 2016
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...
Oil Market Snapshot – September 2016
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...
Oil Market Snapshot – August 2016
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...
Oil Market Snapshot – July 2016
Demand-side political risk makes a comeback with Brexit, European terror and Turkish instability Brent remains off its June highs as economic uncertainty from recent g...
Oil Market Snapshot – June 2016
As the dollar gains and inventories swell, can the market balance by year end? Uncertainty surrounding Brexit caused Brent to fall sharply from the $52/bbl mark it rea...