Markets

FORECASTS
Implications of oil supply glut and export declines on the global oil market.
Morgan Stanley forecasts a substantial oil supply surplus in 2025, projecting that supply will outpace demand by 1.4MM b/d.
September 07, 2024
OSP DIFFERENTIALS
Saudi Arabia's Oct. oil price adjustments and their implications.
Saudi Aramco is set to lower its official selling prices (OSP) for its crude oil grades in Oct., influenced by weakening refining margins and declining Dubai benchmark prices.
September 07, 2024
OIL PRODUCTIONS NEWSFLASH
OPEC+ extends production cuts amid persistent price declines and demand concerns.
On Sept. 5, 2024, OPEC+ extended its voluntary oil production cuts for an additional two months, reflecting ongoing struggles in the oil market.
September 07, 2024
FEATURE OF THE WEEK
Supply Disruption
Libya’s recent halt in crude oil production, driven by political disputes between the eastern Benghazi-based administration and the Tripoli-based government, has far-reaching implications for global oil markets, European refiners, and petrochemical production.
September 02, 2024
FUTURES WEEKLY RECAPS
Crude futures prices fell in the week to Aug. 30 after strong start.
Supply concerns regarding the Middle East and northern Africa offered some support, but worries about lackluster US and Chinese economic growth as well as expectations of some OPEC+ oil returning to the market in Oct. pushed prices lower.
September 01, 2024
OIL PRODUCTIONS NEWSFLASH
Africa Trends: Impacts of Recent Oil and Gas Transactions in South Africa, Nigeria, Senegal, and Namibia
Recent developments in South Africa, Nigeria, Senegal, and Namibia are significantly altering the African oil and gas sector.
September 01, 2024
FORECASTS
Certain Uncertainties: Contradictions in Oil Market Forecasts
Despite robust demand data, recent forecasts reveal sharp contradictions in the global oil market.
September 01, 2024
OIL PRODUCTIONS NEWSFLASH
Equinor's $6.6B Annual Norwegian Investment and UK Tax Uncertainty
The Norwegian energy firm's commitment to investing up to a huge sum in domestic offshore oil and gas operations underscores its long-term outlook for Norwegian energy resources.
September 01, 2024
CLIMATE SCRUTINY
UK Plans New Environmental Guidance for North Sea Oil and Gas Firms
The UK government is set to introduce new environmental guidance for oil and gas companies operating in the North Sea.
September 01, 2024
OIL PRODUCTIONS NEWSFLASH
Pipeline Politics Is Forcing Kurdistan to Sell Oil at a Discount
The ongoing political dispute between the Kurdistan Regional Government (KRG) and the federal Iraqi government has severely impacted the Kurdistan oil production and prices.
September 01, 2024
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