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Review our analysis of the oil market from previous months here.

 
 
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april 2018 review

April showed just how alive and volatile the Oil market remains these days, with a huge number of factors contributing to a jumpy ride on the physical complex and the associated derivatives. This was alongside a burst of financial money entering flat price following...

 
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may 2018 outlook

The financial market is well invested as we all know, however there is a move from the rhetoric of geopolitical concerns to low inventories and lack of future investment in oil production...

 

MAY 2018 REVIEW

One may superficially assess May as a strong month, since Brent flat price is up from last month. However, as we can see, the market structure has weakened almost monotonically over the month, and this is more telling of market health...

 

JUNE 2018 outlook

Our key consideration going into June is how the crude market responds to the light overhang in the market. The evidence still suggests that sweet barrels are struggling to clear locally in Europe and the pressure from US barrels being brought over...

 
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JUNE 2018 REVIEW

The European crude oil market throughout June was underpinned by weakness in the physical, however, the futures market was dislocated from the physical fundamentals. The differential between ’light’ crudes and ‘heavy’ crudes narrowed as expected...

 
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JULY 2018 OUTLOOK

The physical oil market weakened through July, and the derivatives market followed suit; flat price is lower, physical crude oil grades to their benchmark are lower and the prompt derivative market has weakened... 

 
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JULY 2018 REVIEW

The physical oil market weakened through July, and the derivatives market followed suit; flat price is lower, physical crude oil grades to their benchmark are lower and the prompt derivative market has weakened. 

 
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AUGUST 2018 OUTLOOK

For August, we expect to remain in an oversupplied crude market. We expect Europe will continue to struggle to clear with August maintenance out of the picture, the Asian physical market will continue to slow down…