Weekly Market Drivers: 11th Nov 2019
Highlights Improved US-China trade talks continues to give price support for Brent and WTI US oil inventories up by 7.91 mbbl/d Oil drillers cut the number of oil rigs by 7 to […]
Weekly Market Drivers: Markets maintains momentum
Price Movement Review The markets started the week trading at $62.04 (ICE Brent), up by $0.02 (0.03%) from its previous week closing price ($62.02), and at $56.65 (NYMEX WTI), down by […]
Weekly Market Drivers: Prices rally as bullish factors prevail
Highlights Prices rally as bullish factors prevail US oil inventories down by 1.70 mbbl/d Dated Brent to Dubai spread down by $0.42 (28%) w/w Oil drillers cut the number of oil rigs by […]
Weekly Market Trends: 3-2-1 crack spread down by 5.10% w/w
Financial Markets, Metals, Fuels and Natural Gas The S&P 500, Fig. 2.3, opened the week at 3006.70, up by 0.68% from its settling price last week (2986.20), and it rose sharply during […]
Oil Markets Weekly: 28th Oct 2019
Highlights Prices rally as bullish factors prevail US oil inventories down by 1.70 mbbl/d Dated Brent to Dubai spread down by $0.42 (28%) w/w Oil drillers cut the number of oil rigs by […]
Weekly Market Drivers: Oil rigs down by 160 rigs y/y
Highlights A potential agreement on the Saudi-Kuwaiti neutral zone is expected to be reached A potential deal between the US and China is expected to be signed in mid-November E&P companies added […]
Oil Markets Weekly: 21st Oct
Highlights A potential agreement on the Saudi-Kuwaiti neutral zone is expected to be reached A potential deal between the US and China is expected to be signed in mid-November E&P companies added […]
Weekly Market Trends: Brent Forward curves up by 1.68% w/w
Highlights Forward curves for ICE Brent and NYMEX WTI rose significantly in comparison with their last week price The S&P 500 down by 0.16% 3-2-1 crack spread up by $0.27 (1.41%) for […]
Oil Markets Weekly: 14th Oct 2019
Highlights Making further OPEC cuts is open in December US oil inventories grow for a fourth consecutive week World supply in 2019 is revised up by 0.15 mbbl/d We expected a positive […]
Weekly Market Trends: Differential of Dated Brent to Dubai widens by declining Dubai and rising Dated Brent
Financial Markets, Metals, Fuels and Natural Gas The S&P 500, Fig. 2.3, opened the week at 2943.1, up by 30.15% from their settling price last week, and it rose during the week […]
Weekly Market Drivers: Making further OPEC cuts is open in Dec
Highlights Making further OPEC cuts is open in December US oil inventories grow for a fourth consecutive week World supply in 2019 is revised up by 0.15 mbbl/d We expected a positive […]
Oil Markets Weekly: 7th Oct 2019
Highlights Brent closed at $58.37, down by $2.67 w/w while WTI closed at $52.81, down by $3.1 w/w Saudi Aramco raises its Arab Light OSP to multi-year high premiums Prices expected to […]
Weekly Market Review: Dated Brent to Dubai differential close at $0.02
Highlights The S&P 500 down by 0.83% w-o-w The spread of Dubai to Oman showed higher prices of Dubai over Oman, Mid-Week Dated Brent to LLS differential increased from $2.37 to $2.80 […]
Weekly Market Drivers: Forecast for OPEC total production is revised down to 29.12 mbbl/d
Highlights Brent closed at $58.37, down by $2.67 w/w while WTI closed at $52.81, down by $3.1 w/w Saudi Aramco raises its Arab Light OSP to multi-year high premiums Prices expected to […]
Weekly Markets Drivers: Prices set for a decline as Aramco restores full production
Highlights Aramco restores full production Prices are expected to decline slightly this week S&P 500 shows economic optimism of equity markets not reflected in oil markets Narrowing spreads of Brent to Dubai […]