Markets

FORECASTS
Goldman Sachs and SEB forecast oil price stability amid economic uncertainty and geopolitical tensions.
The US investment bank forecasts a $75/bbl floor for Brent crude prices, predicting that this threshold will hold despite recent economic uncertainties, including recession fears in the US.
August 10, 2024
OSP DIFFERENTIALS
Impact of recent oil price adjustments by Aramco and QatarEnergy.
Saudi’s state-owned producer has increased its OSP for Arab Light crude by 20¢/bbl for Sept., marking the first price hike in three months.
August 10, 2024
OIL PRODUCTIONS NEWSFLASH
OPEC+ maintains production policy amid market uncertainties.
On Aug. 1, 2024, OPEC+ ministers confirmed their commitment to the current oil output policy, which includes a gradual increase in production starting in Oct.
August 10, 2024
FEATURE OF THE WEEK
Who's Right?
The global oil market is currently navigating a phase of intense volatility, marked by a tug-of-war between bullish and bearish forces.
August 05, 2024
FUTURES WEEKLY RECAPS
Petroleum futures prices post biggest drop early since May as of Aug. 2.
In another week focused on worries about China's oil demand and the conflict in Gaza, WTI and Brent hit lows not seen since June 4 and Jan. 10, respectively.
August 05, 2024
OSP DIFFERENTIALS
Saudi Arabia expected to raise oil prices to Asia next month.
The OPEC kingpin is anticipated to increase the official selling price (OSP) of its crude grades for Asia in Sept., driven by rising benchmark prices in the Middle East.
August 03, 2024
OIL PRODUCTIONS NEWSFLASH
OPEC+ faces dilemma amid falling prices and mixed demand outlook.
OPEC+ is grappling with key decisions regarding its production policy as crude prices dip and market conditions shift.
August 03, 2024
OIL PRODUCTIONS NEWSFLASH
US poised to drive non-OPEC output growth amid pipeline constraints.
In 2024, the US is expected to contribute significantly to non-OPEC oil production growth, with Goldman Sachs projecting it will account for 60% of this increase.
August 03, 2024
OIL PRODUCTIONS NEWSFLASH
Chevron-Hess merger faces delays due to arbitration with ExxonMobil.
Chevron Corp.'s $53B acquisition of Hess Corp. has encountered further delays as a scheduled arbitration hearing regarding the Stabroek block in Guyana has been set for May 2025.
August 03, 2024
CLIMATE SCRUTINY
Strategic shift: Shell and ExxonMobil divest UK North Sea assets to Viaro Energy.
The sale of Shell and ExxonMobil’s UK North Sea assets to Viaro Energy is a significant move that highlights several strategic shifts within the oil and gas sector amid the energy transition.
August 03, 2024
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