Crude jumps 30% on vaccine cheer but not immune to pullback - Nov. 27, 2020
Oct Bulls & Bears: Mildly bearish near-term, - Oct. 30, 2020
Our overall outlook for crude – mildly bearish for the near-term and neutral for the next three months – should be viewed in reference to current crude prices, around $38 for Brent and $36 for WTI.
We see a continued downward pressure on crude for the next couple of weeks, hence the “mildly bearish” tag.
When taking in a broader time span of average prices till end-Jan, we are factoring in OPEC+ adjusting its supply policy in an effort to prop Brent back up at least into the low-$40s, which is why our outlook for the period is “neutral”.
energy radar first report - Jan. 13, 2020
Shortly before the markets opened, US President Donald Trump tweeted that he had authorised the release of stocks from the country’s Strategic Petroleum Reserve if necessary, to keep the y 9.30 am Singapore time (0130 GMT), three and a half hours after trade opened for the week on the CME and ICE futures exchanges, crude had calmed down somewhat, to gains of 10-12% versus Friday’s clsoe. markets
Biden win neutral for oil market in the short term - Nov. 10, 2020
What will a Joe Biden administration mean for the US oil and gas industry, US foreign policy and the global oil markets overall? Here's what we see:
Crude jumps early Fri in Asia after OPEC+ opts for small supply boost from Jan - Dec. 4, 2020
Crude futures were spiralling up early Friday in Asia after settling nearly 1% higher on Thursday amid relief that the OPEC/non-OPEC supply deal for January 2021 and beyond struck the previous day had steered clear of the bearish probabilities of a 1.9 million b/d boost from January or even a complete collapse of the alliance over irreconcilable differences.
Energy ministers of the 22-member producers’ alliance meeting virtually on Thursday decided to boost collective output by 500,000 b/d from January.
They also agreed to chart the course for further increments or cutbacks as needed in instalments of 500,000 b/d on a monthly basis, starting with the February output.