Oil Market Commentaries
17 Dec 2024
Crude and product prices were lower Tuesday as concerns over Chinese oil demand weighed on the outlook, ahead of an expected US rate cut...
17 Dec 2024
Middle East crude markets rowed back Tuesday following the broader risk-off trend, while the bearish pressure piled higher in...
16 Dec 2024
Crude eased Monday as mixed Chinese data weighed on the outlook, while European product prices also inched lower...
16 Dec 2024
Middle East crude opened the week higher with markets catching up following the Brent gains after Asia had closed on Friday, putting a...
13 Dec 2024
Brent crude futures were higher Friday with US-led sanctions back in focus, to help mark its first weekly gain in three...
13 Dec 2024
Middle East crude eased slightly on the day but still posted comfortable weekly gains, while gasoline cracks continued to firm to near...
12 Dec 2024
Brent struggled to hold on to the week's earlier gains on Thursday as the IEA warned of a looming supply surplus next year...
12 Dec 2024
Middle East crude climbed to monthly highs as sentiment pivoted to the upside, while gasoline margins continued to firm amid tighter...
11 Dec 2024
European crude oil and refined products markets were higher during Wednesday's session, lifted by expectations of dovish economic policy...
11 Dec 2024
Middle East crude edged higher as Dubai continued to outpace Brent this month, while gasoline cracks continued to push higher...
10 Dec 2024
Brent crude oil futures consolidated gains on Tuesday after markets digested the news of Syria's president being overthrown...
10 Dec 2024
Middle East crude was little changed for a second session as markets looked for direction, while marine fuel spot prices remained under...
9 Dec 2024
Crude prices were higher Monday with events in Syria and more economic stimulus in China adding support...
9 Dec 2024
Middle East crude opened the week marginally lower as traders digested the Saudi OSPs, while strong volatility was seen in the products...
6 Dec 2024
Brent was lower again Friday as the market digested the OPEC+ decision to extend production cuts into next year, while diesel lost more ground on signs of oversupply...
6 Dec 2024
East of Suez prices were slightly lower Friday with this week's OPEC+ decision seen as only enough to maintain current prices, a move that put...
5 Dec 2024
Benchmark crude futures ended the day lower after OPEC+ announced it was extending its production cuts
5 Dec 2024
East of Suez prices were lower Thursday, tracking the Brent retreat after Asia had closed during the previous session, ***...
4 Dec 2024
Brent crude futures were steady in the midweek session, ahead of Thursday's OPEC+ meeting, with EIA data presenting a mixed picture...
4 Dec 2024
East of Suez prices were higher Wednesday as markets caught up with the Brent spike after Asia had closed in Tuesday's session, while the strength was also seen in the...