Archive

June 05, 2023
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Oil: In Search of Stability

  • Despite what was, by all accounts, a challenging discussion at the Opec+ table last weekend, Saudi Arabia appears to have engineered a pragmatic outcome consistent with its drive to stabilise the oil price.

By Alastair Newton

May 15, 2023
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Oil: Sentiment or Substance?

  • Opec+ and investors face a conundrum over the extent to which the oil price slide since the 3 April output cut reflects substance or an unsubstantiated shift in market sentiment.

By Alastair Newton

April 11, 2023
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Oil: Target One Hundred?

  • As is generally the case with surprises, markets have almost certainly overreacted to the latest Opec+ cuts in oil output, the timing of which probably owes more to Saudi/US tensions than it does to global economic prospects. Nevertheless, Riyadh may still be looking for USD100pb.

By Alastair Newton

March 01, 2022
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Oil: MENA gains at Russia’s expense

  • Whether the Ukraine crisis justifies the current outbreak of bullishness over oil remains uncertain. But what it almost certainly does is open new opportunities for the MENA region at Russia’s expense.

By Alastair Newton

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