Oil Market Commentaries

3 Dec 2024
Benchmark crude prices were higher Tuesday on expectations OPEC+ will extend its production cuts into next year...
3 Dec 2024
Middle East crude were little changed Tuesday as prices moved sideways ahead of the OPEC+ meeting, but jet fuel cracks continued to...
2 Dec 2024
Benchmark crude oil futures were in retreat Monday as bearish sentiment emerged towards the close, while accelerating industrial activity in...
2 Dec 2024
Middle East crude opened the new month marginally lower as traders wait for the outcome of the OPEC+ meeting, while gasoil margins...
29 Nov 2024
Benchmark crude oil futures remained locked in a tight trading window Friday as markets braced ahead of the delayed OPEC+ meeting, while...
29 Nov 2024
Middle East crude prices posted a first gain in four sessions Friday, while strength in the Asian kerosene market saw the jet fuel east...
28 Nov 2024
Benchmark crude oil futures held steady on Thursday as the market weighed delays to OPEC+ production hikes against ongoing macroeconomic...
28 Nov 2024
Middle East crude prices eased for a third session Thursday after the Israel-Hezbollah ceasefire deal, a move that helped push HSFO...
27 Nov 2024
Benchmark oil futures traded slightly lower Wednesday as ceasefire in the Middle East faded concerns of an imminent disruption to global oil...
27 Nov 2024
Middle East crude prices eased slightly Wednesday after the Israel-Hezbollah ceasefire deal, while gasoline margins continued to firm to hit...
26 Nov 2024
Benchmark oil futures nudged higher Tuesday as investors braced for escalating tensions between Russia and Ukraine, spurring LSGO cracks to...
26 Nov 2024
Middle East crude prices retreated Tuesday on hopes that the expected Israel-Hezbollah treaty would lead to a broader settlement, ***...
25 Nov 2024
Benchmark crude oil futures declined on Monday following reports of progress toward a ceasefire deal between Israel and Hezbollah, while LSGO...
25 Nov 2024
Middle East crude opened the week slightly lower although premiums nudged up, while marine fuel structure has weakened notably as...
22 Nov 2024
Benchmark crude oil futures were sharply higher Friday as escalating tensions on the Russian border with Ukraine left investors fearing...
22 Nov 2024
East of Suez crude markets were higher Friday's as geopolitical tensions boosted prices, while gasoil cracks continued to firm...
21 Nov 2024
Crude futures were higher Thursday on as tensions between Russia and Ukraine ratcheted higher...
21 Nov 2024
East of Suez crude markets were mostly flat over the previous 24 hours at Thursday's MOC as traders continued to monitor events...
20 Nov 2024
Benchmark crude oil edged higher Wednesday as escalating conflict in the Russia renewed concerns over global oil supply security, while LSGO cracks...
20 Nov 2024
Middle East crude extended the early week gains amid heightened geopolitical tensions Wednesday, while gasoline margins continued to extend...
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