Oil Market Snapshot – May 2016
Saudi Arabia likely to want moderated oil prices to support Vision2030 policies as Al-Naimi retires Brent rose above $50/bbl on 26th May on continued supply disruptio...
Oil Market Snapshot – April 2016
- Brent has risen to hold around $45/bbl in April, boosted mainly by EIA reports of declining US LTO production
- The last-minute collapse of negotiatio...
Oil Market Snapshot – March 2016
- Brent has continued to rally in March, buoyed by a weaker dollar and a firm date for meetings between Russia and OPEC
- Inventories continue to build,...
Oil Market Snapshot – February 2016
- Brent rallied to c. $36/bbl on 29th February from a low of $27.76/bbl in January, buoyed by negotiations between Russia and OPEC countries
- Prices re...
Oil Market Snapshot – January 2016
- Brent fell to $27.10/bbl intraday on 20th January, before rebounding to above $34/bbl on 28th January after a short squeeze rally and rumours of joint Russian/...
Oil Market Snapshot — December 2015
- Brent prices have fallen to a new low of $36.05/bbl intraday, the lowest for 11 years, as OPEC continued its policy of maximising market share after 4th Decemb...
Oil Market Snapshot — November 2015
- Brent prices recovered significantly by 6.5% to c. $46/bbl from around $43/bbl on 16th November, as Saudi Arabia indicated willingness to support oil prices an...
Oil Market Snapshot — October 2015
- Brent traded at $53.86/bbl on 8th October following a short-lived rally, but fell back to $48.13/bbl by 28th October
- We forecast average Brent price...
Oil Market Snapshot — September 2015
- Brent traded at $47/bbl on 28th September, down by nearly 3% after equities fell on Wall Street and China posted weak economic data.
- Throughout the...
Oil Market Snapshot — August 2015
- August was marked by significant oil price volatility with swings of 10% magnitude
- After steep declines due to stock market turmoil, Brent recovered...