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Oil - Perspectives

Game of patience

Perspectives is our flagship weekly publication on oil, providing unparalleled information, analysis and views. This edition was published 27 Apr 2015

Next week’s edition of Perspectives will be published on Tuesday 5 May, due to a public holiday in the UK. This year, total US crude stocks have risen by a massive 106 mb to a record 490 mb. This was on a high base, given counter-seasonal builds in December. It compares to a 41.5 mb build between January and end-April last year, which was run down before autumn turnarounds. While refineries coming back from turnarounds will help reduce crude stocks, running down over 100 mb of inven... Read more

The mini-rally seen in February in global LNG prices was short-lived, as the market moved out of the northern hemisphere winter season into the lower demand shoulder months. Prices into Northeast Asia dipped back below 7.0 $/mmbtu, and will face some large headwinds throughout the coming years to claw back much of the value recently lost. While supply has been garnering the headlines, it has to be said current price developments are more about demand than supply. Yes, PNG LNG and the first trai...
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With the heating season almost complete, US gas prices saw greater stability over the last month, trading around a 2.6 $/mmbtu mean. Gas supply patterns are providing some mixed signals, with monthly readings showing y/y incr...
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Home to 20% of the world’s reserves but only 8% of global production, the underground potential of Latin America to deliver and meet long term demand is immense. The problem in the region, as with many, is above ground, pre...
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The European gas market is now on the verge of a summer season that promises to be one worth watching, with a number of moving parts that will affect the markets balance. The main demand side uncertainty surrounds the impact ...
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The free fall in LNG prices seen since November finally came to an end, as a modicum of Asian buying meant prices into Northeast Asia bounced off their February lows of 6.9 $/mmbtu, and recovered to 7.85 $/mmbtu. While this m...
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