Quarterly Oil Market Update – Q1 2018: (Volatility is back)
Oil Market ReportRising optimism around global economic growth, continued OPEC compliance to output targets and rising geopolitical tensions all contributed to pushing Brent oil prices to an average of $67 per barrel (pb) in Q1 2018, up 8 percent quarter-on-quarter.
Quarterly Oil Market Update – Q2 2018: (Trade tensions pose downside risk for oil)
Oil Market ReportBrent oil prices averaged $75 per barrel (pb) in Q2 2018, up a sizable 12 percent quarter-on-quarter. Concerns over OPEC output, in light of declines from certain countries, and anticipation over Iranian sanctions lifted Brent oil prices to $81 pb at one point in the second quarter.
Quarterly Oil Market Update – Q3 2018: (Supply factors weigh heavily on oil)
Oil Market ReportBrent oil prices are trading above $80 per barrel (pb), the highest level since early November 2014, on the back of concerns over oil supply. Provisional OPEC secondary sources data for Q3 2018 shows that Iranian oil output declined by nearly 250 thousand barrels per day (tbpd) quarter-on-quarter.
