Daily Oil Fundamentals

Brent Approaching Contango, FOMC in Focus

22 May 2024

Brent Approaching Contango, FOMC in Focus

It appears that neither the death of the Iranian President nor the International Criminal Court’s application for arrest warrants against the Israeli Prime Minister and senior Hamas leaders rattled investors’ sentiment.

Daily Oil Fundamentals

OPEC’s Hands are Tied

21 May 2024

OPEC’s Hands are Tied

How OPEC/OPEC+ will react to current prices at the June meeting will become the hot topic as the month of May begins to drain away.

Daily Oil Fundamentals

Equivocal Bull Revival

17 May 2024

Equivocal Bull Revival

Brent reached its annual peak of $92.18 on April 12. Yesterday it settled at $83.27/bbl having been as low as $81.05/bb on Wednesday. The burning, albeit rhetorical, question is whether the summit will be re-visited first or another $10/bbl will be shed as optimism has seemingly gone AWOL.