Inventories down, prices up
As outlined below the improving supply-demand outlook for the latter half of the year set the tone for yesterday. Both OPEC [...]
A year of two halves?
OPEC seems to think so. The organisation’s updated projections, released yesterday, suggest the oil market will not shake off its Covid [...]
Middle East tension ignored
The current ambivalent state of the oil market was reflected in the modest gains yesterday despite the discernible rise in Middle [...]
Snooze mode
Friday’s muted showing capped an uneventful week for the oil market. The two leading crude markers were for the most part [...]
Searching for direction
Another day, another directionless oil market. The two leading crude markers barely budged yesterday. Upside potential was capped by the narrative [...]
US gasoline demand growth stalls
The key takeaway of the latest weekly EIA statistics is that the US and within that the Gulf of Mexico has [...]