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Oil - Perspectives

Prices and spreads: yin and yang

Perspectives is our flagship weekly publication on oil, providing unparalleled information, analysis and views. This edition was published 1 Sep 2015

What a week it has been for oil prices. Having dropped by over 6% last Monday, and looking like they would fall further early in the week, prices rallied by 16% across Thursday and Friday as the market found itself too short, once fears of a Chinese hard landing disappeared, and central banks globally, but most importantly in the US, committed to keeping liquidity going for now. The flat price recovery may hold for now as many macro players are starting to view the wider energy complex as under... Read more

Global LNG prices have made modest gains over August, taking them back above the 8 $/mmbtu level. This is quite low for a month that is typically one of the global demand peaks. The relative strength in prices was a mixture of stronger demand and supply being lower than previously expected. The supply story has been one of outages and delays. The loss of Yemen LNG on its own is now likely to remove around 4 Mt of supply in 2015 if the plant does not return this year. The Force Majeure at Niger...
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This is the August 2015 edition of our North America Quarterly, covering all important aspects of the region, with a particular focus on the growth of tight oil and its impact on regional and global balances for both crude an...
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A hotter summer and the continued trend for production to remain at its current plateau level of 73 to 74 bcf/d has been the market story over the peak summer months of July and August. As a result, prices have been tightly r...
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The European natural gas market has settled into a range that has now characterised the last few months, with the prompt reverting back towards a mean around 43.5 p/therm. The range-bound trading comes against a background of...
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The oil industry's response to the collapse in prices has been to cut back Capex significantly. But the vast divergence between deepwater and tight oil production profiles, producer attitudes and payback periods means it is t...
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