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

February 27, 2023
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Peak Oil: Looney Tunes

  • The war-induced scramble for hydrocarbons and calls from the majors for more investment in oil and gas output should not distract investors from an ongoing seismic shift to renewables. That may advance ‘peak oil’ to as early as 2025.

By Alastair Newton (with apologies to Warner Brothers and Merrie Melodies)

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