Quarterly Oil Market Update – Q4 2017: (Downward Pressure on Oil Prices)
Oil Market ReportA brighter outlook for the global economy and tighter oil markets had seen Brent oil prices rise 18 percent quarter-on-quarter in Q4 2017, to $62 per barrel (pb), with prices continue to rally to $70 pb in January 2018, the highest level since November 2014.
Outlook on Crude Oil Refining in Saudi Arabia
Oil Market ReportOutlook on Crude Oil Refining in Saudi Arabia
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: (Volatility Returns to Oil Markets)
Oil Market ReportOil prices rose 10 percent quarter-on-quarter in Q1 2017, but volatility levels were up too, especially towards the end of the quarter. Although both OPEC and non-OPEC cuts are contributing to a reduction in global oil balances, global commercial oil inventories nevertheless remain high. Demand is expected to pick up in H2 2017.
