OPEC has delivered real, impacting cuts but has communicated poorly to a bruised and low confidence paper market setup for a "beat". This misread or (temporary) misappreciation of the crude…
Read More
Oil prices have now recovered back into the post OPEC/NOPEC range. With OPEC’s meeting tomorrow on 25th May, we look at the most plausible outcomes, what it means for the…
Read More
Analysing hedging flows and chart technicals have provided key inflection points for oil prices. The picture, as it currently stands, suggests that oil prices are forming a floor on the…
Read More
Last week’s selloff to last Friday’s low of $46.65 bbl in Brent caused a lot of psychological damage in the market. As it stands today, investor positioning has “cleaned up”,…
Read More
Consumers have an attractive opportunity to layer in hedges at current levels. Short covering should provide short-term tailwind to prices and longer term, supply/demand balance picture is ticking more positive.
Read More