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Firstly, global inventory is pretty low. As an example, the 25mn barrels in storage at Cushing, Oklahoma — an important hub for the US oil benchmark traded at Nymex — represents a 19-year low for this ...
The global oil market is in very rare territory right now, with futures pricing that points to near-term tightness while also ...
According to the bank’s latest note, the Brent crude forward curve has twisted itself into a bizarre shape: it’s sloping down ...
The global oil market is in very rare territory right now, with futures pricing that points to near-term tightness while also ...
“The Brent forward curve has an unusual shape at the moment: downward sloping across the first nine ... moves by OPEC+ to boost supply at a faster-than-expected clip, and growing expectations ...
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