Highlights OPEC+ extends its cuts through July yet down by 100 thousand bbl/d OPEC+ new strategy will accelerate backwardation Iraq commits… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: OPEC+ new strategy will accelerate backwardation
Oil Markets Weekly: Sweet/sour spreads widened despite shrinking sour crude
Highlights Brent briefly $38 in line with our expectations OPEC+ is likely to retain current cuts in place Sweet to… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Chinese demand is almost back to pre-crisis levels
Highlights Chinese oil demand is said to be almost back to pre-crisis levels Price recovery was constrained by low Chinese economic… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Additional cuts from the GCC will remove 35 mbbl in June
Highlights Non-OPEC supplies declining by 3.22 mbbl/d Demand forecast is slightly adjusted to 89 10.12 mbbl/d, down by 10.12 mbbl/d y/y… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Partial return of demand is likely to imbalance crude processing
Highlights Partial return of demand is likely to create an imbalance in crude processing Prices may have reached their lowest… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Easing lockdown measures is expected to support gasoline demand
Highlights Prices were supported by declining gasoline inventories Norway 250 kbbl/d cuts will translate into only 0.71 mbbl/d m/m in… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Commercial inventories may be full in June
Highlights Saudi Aramco had begun curtailing its production to 8.50 mbbl/d Commercial inventories may be full in June at 600… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Oil demand is forecast to fall by 10.35 mbbl/d in 2020
Highlights We forecast demand to fall by 10.35 mbbl/d (y/y) in 2020, compared with 6.80 mbbl/d (OPEC) and 9.30 mbbl/d… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: OPEC+ strikes a historic of effectively 12.70 mb/d cut
Highlights US, Canada and Brazil to contribute by 3.70 mbbl/d Saudi Arabia, UAE, and Kuwait to cut additional 2 mbbl/d … To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: OPEC+ is set to meet this week to discuss a cut deal
6th April 2020 | Oil Markets Weekly Highlights OPEC+ is set to meet this week to discuss a cut deal… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Demand expected to go down as much as 20 mbbl/d in April
Highlights Demand expected to go down as much as 20 mbbl/d in April Increased supplies are unlikely to be sufficiently… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Rising lockdown measures continue to suppress demand
HighlightsRising lockdown and curfew measures continue to suppress demandAramco is set to supply 12.30 mbbl/d starting from AprilUS President intent… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: Oil had the worst week since the financial crisis
Highlights Saudi Aramco to increase its production to 13.00 mbbl/d Markets sentiment remains bearish on the demand and supply sides… To continue reading this article, please log in or subscribe by visiting […]
Oil Markets Weekly: OPEC+fails to curb production
9th March 2020 | Oil Markets Weekly Highlights OPEC+ fails to reduce its production while meeting in Vienna Saudi Aramco… To continue reading this article, please log in or subscribe by visiting […]