Markets

CLIMATE SCRUTINY
Eni's strategic reorganization to overhaul its traditional oil and gas business.
Italian energy major Eni S.p.A. has undertaken a significant restructuring of its organizational framework aimed at enhancing the integration of its energy businesses while advancing its decarbonization initiatives.
September 22, 2024
FORECASTS
Disruptions and hedging strategies: navigating recent volatility in the global oil market.
The recent increase in oil prices can be largely attributed to ongoing disruptions in Libyan oil production, which have significantly impacted global supply.
September 21, 2024
FORECASTS
Global oil price forecasts lowered amid demand concerns and surplus supply.
Analysts have significantly reduced their 2025 oil price forecasts, primarily due to concerns over sluggish demand and rising global supply.
September 21, 2024
OIL PRODUCTIONS NEWSFLASH
GoM: recovering after hurricane, new fields offset decline.
Oil and gas production in the US Gulf of Mexico is steadily recovering after Hurricane Francine.
September 21, 2024
FEATURE OF THE WEEK
OPEC's Clout
OPEC+ has extended its production cuts of 2.2MM b/d until at least Dec. 2024, aiming to stabilize oil prices and manage market dynamics.
September 16, 2024
FUTURES WEEKLY RECAPS
Petroleum futures prices recovered as Francine hit GoM in period to Sept. 13.
After three consecutive weekly losses for Brent and four drops for WTI, the arrival of the hurricane provided some short-term bullish sentiment as oil companies took production offline.
September 16, 2024
CRUDE TRADES
China's bargain cargoes: increased oil imports amid economic slowdown.
Saudi Arabia is poised to boost its crude oil supply to China in Oct., reflecting a strategic shift in response to market conditions.
September 15, 2024
FORECASTS
Surplus forecasted as supply rising versus demand declining.
The International Energy Agency (IEA) has significantly revised its 2024 global oil demand growth forecast down to 900K b/d, from the previous estimate of 2.1MM b/d.
September 15, 2024
OIL PRODUCTIONS NEWSFLASH
Impact of Hurricane Francine on the US crude market.
Hurricane Francine has led to substantial disruptions in US Gulf of Mexico oil and gas production, with significant repercussions for the crude oil market.
September 15, 2024
OSP DIFFERENTIALS
Saudi Arabia and Iraq adjust crude pricing amid sluggish demand.
Saudi Arabia has reduced its Oct. pricing for Arab Light Crude oil sold to Asia by 70ยข/b, setting the price at $1.30 below the regional benchmark.
September 15, 2024
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