Weekly Market Drivers: OPEC exports rise to 22.51 mbbl/d
Highlights OPEC seaborne exports of crude oil continued to rise to 22.51 mbbl/d in November Guyana to start exporting oil in January 2020 at production of 120 kbbl/d US oil… To continue […]
Weekly Market Drivers: OPEC+ finalizes a production cut agreement
Highlights OPEC+ reduces production by 1.70 mbbl/d Saudi Arabia will maintain 400 kbbl/d cut below its new quota Oil prices spiked by 2% on announcements of the Saudi further cuts… To continue […]
Update on Scenarios for OPEC
Highlights US oil inventories up by 1.60 mbbl w/w to 452 mbbl OPEC may consider deeper cuts by 400 kbbl/d during its meeting We forecast oil demand to grow by 1… To continue […]
Oil Markets Weekly: 25th Nov 2019
Highlights US oil inventories up by 1.379 mbbl w/w Putin confirms continued cooperation with OPEC The OPEC+ agreement is expected to have been agreed to continue through Q-2 2020 Forward… To continue […]
Weekly Market Review: 22nd Nov 2019
Highlights The S&P 500 up by 0.33% w/w Forward curves for ICE Brent and NYMEX WTI rose marginally The spread of LLS to WTI down by $0.05 (0.71%) 3-2-1 crack… To continue […]
Weekly Market Drivers: Putin confirms continued cooperation with OPEC
Highlights US oil inventories up by 1.379 mbbl w/w Putin confirms continued cooperation with OPEC The OPEC+ agreement is expected to have been agreed to continue through Q-2 2020 Forward… To continue […]
Oil Markets Weekly: 18th Nov 2019
Highlights US oil inventories up by 2.22 mbbl Saudi Arabia’s production rise is attributed to raise lowered inventories Our forecast for growth in US oil production is revised down by… To continue […]
Weekly Markets Review: 18th Nov 2019
Financial Markets, Metals, Fuels and Natural Gas The S&P 500, Fig. 2.3, opened the week at 3078, up by 0.20% from its settling price last week (3093.10), and it continued… To continue […]
Weekly Market Drivers: 18th Nov 2019
Highlights US oil inventories up by 2.22 mbbl Saudi Arabia’s production rise is attributed to raise lowered inventories Our forecast for growth in US oil production is revised down by… To continue […]
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… To continue […]
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),… To continue […]
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… To continue […]
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… To continue […]
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… To continue […]
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… To continue […]