Archive

September 24, 2024
2024-09-24 AN_head.png

Oil: Rolling The Barrel Down The Road

  • Opec+ has little choice in the face of persistent weak demand for oil other than to further delay the unwinding of its voluntary cuts. Even then, without a sustained geopolitical shock, Brent looks set to settle below USD70 per barrel until at least the middle of 2025.

By Alastair Newton

August 19, 2024
2024-08-19 AN_head.png

Revisiting Peak Oil

  • Significant differences over short-term prospects for oil demand become even more stark when considering the timing of ‘peak oil’.

By Alastair Newton

July 15, 2024
2024-07-15 AN_head.png

Oil: An Unsustainable Uptick?

  • The Opec secretariat’s bullish July forecast for oil demand is an outrider relative to the industry near-consensus, which is closer to the assessment of the International Energy Agency. Therefore, the recent uptick in the price of Brent crude should be treated with caution.

By Alastair Newton

April 24, 2024
2024-04-24 AN_head.png

Oil: When The Facts Change…

  • Changing ‘facts’ in the Middle East and more widely are making prospects for the price of oil even more murky, as is underlined by the wide range of forecasts among market analysts. What is clear, however, is that the escalation in Iran/Israel tensions has skewed risks firmly to the upside.

By Alastair Newton

By country