Oil

23 May 2022

Energy market podcast

Callum Macpherson Investec head of commodities

Callum Macpherson

Commodities

Head of commodities, Callum Macpherson, provides a weekly update on the movements and changes impacting the energy market. 

Listen to the latest podcast

23 May 2022 energy update

Brent traded over 115 $/b last week, does this mean brent is breaking out of its range? Investec Head of Commodities Callum Macpherson discusses the latest on the oil price.

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Please note: these podcasts are provided for information purposes only and should not be construed as an offer, or a solicitation of an offer, to buy or sell financial instruments. These podcasts do not constitute a personal recommendation and are not investment advice.

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Earlier episodes of the podcast

10 May 2022 energy market update

Brent traded as high as 114 $/b last week, Head of Commodities Callum Macpherson explains what’s behind this move.

03 May 2022 energy market update

What should the market expect form the OPEC meeting on Thursday?

25 April 2022 energy market update

The market has two main considerations; disruption from the war in the Ukraine and Covid outbreaks in China. How is the market reacting to these uncertainties?

04 April 2022 energy market update

Brent came down again last week after the announcement of a release of crude from US strategic reserves, does the news of the reserve release ease supply issues for now?

28 March 2022 energy market update

Brent softer on Monday morning ahead of the OPEC+ meeting on Thursday.

14 March 2022 energy market update

Investec Head of Commodities Callum Macpherson discusses the oil price, Iran deal and the moves in the price of diesel and jet fuel.

07 March 2022 energy market update

Last week Brent broke through the 100 $/b mark and on Monday it came close to 140$/b, Head of Commodities Callum Macpherson discusses the unfolding events that are pushing up the price of oil.

28 February 2022 energy market update

Since the Russian invasion of Ukraine Brent broke 100 $/b for the first time since 2014, Investec Head of Commodities Callum Macpherson discusses some of the key issues for the energy market where the conflict is concerned.

22 February 2022 energy market update

Russian President Vladimir Putin has escalated the situation in the Ukraine and Brent has set fresh highs and European gas prices are sharply higher. What can we expect next?

07 February 2022 energy market update

OPEC agreed to increase production at its meeting last week, but Brent has continued to rally, does this mean OPEC is not doing enough? And is the rally driven by speculators?

31 January 2022 energy market update

Brent has now broken 90 $/b and we have an OPEC meeting on Wednesday, Callum Macpherson discusses what to expect out of the OPEC meeting.

24 January 2022 energy market update

Brent came close to 90 $/barrel last week, what have been the drivers behind this? And what did the International Energy Agency have to say that interested the oil market?

17 January 2022 energy market update

Investec Head of Commodities Callum Macpherson discusses his 2022 Oil Hedging Considerations note.

10 January 2022 energy market update

OPEC met last week, after a decision in December to leave the meeting in session. Callum Macpherson gives an update on the outcomes of the meeting.

13 December 2021 energy market update

In the last episode of the year, the oil market has been stronger over the last week -  is the market becoming more confident about Omicron?

06 December 2021 energy market update

In this week’s episode,  OPEC agreed to go ahead with their increase to output, but insisted that the meeting has not ended. Investec Head of Commodities Callum Macpherson gives an in-depth analysis.

29 November 2021 energy market update

In this week’s episode, there was a tremendous sell-off on Friday of around 10 $/b -  the market has recovered some of those losses this morning. Was this an overreaction?

22 November 2021 energy market update

In this week’s episode, the sell-off in oil deepened last week and Brent traded under 80$/b - what's driving this?

16 November 2021 energy market update

In this week’s episode, Brent reached a high of over 79 $/b - why did this happen and what is the significance of this move?

08 November 2021 energy market update

In this week’s episode, Callum Macpherson unpacks market reaction after OPEC+ decided to increase output by 400kb/d, when it met last week.

01 November 2021 energy market update

In this week’s episode, we look at what's the expected outcome of the  OPEC+ meeting taking place on Thursday 4 November and with Brent off its highs - is the market worried OPEC+ might increase output?

25 October 2021 energy market update

In this week’s episode, Brent has set a new high this morning after trading mostly sideways last week, Callum Macpherson unpacks what’s behind the latest numbers.

18 October 2021 energy market update

In this week's podcast, brent has broken 86 $/b and in its report published last week, the International Energy Agency has said that demand will increase because of fuel switching. How tight is the market likely to be in the coming months?

11 October 2021 energy market update

In this week's podcast, the market has moved higher since OPEC met on 04 Ocotber 2021. Has OPEC done too little?

4 October 2021 energy market update

In this week's podcast, OPEC+ are meeting on Monday 4 October - what will be the possible outcomes?

27 September 2021 energy market update

In this week's podcast,  Brent reached a high of over 79$/b - we discuss why this happened and what is the significance of this.

20 September 2021 energy market update

In this week's podcast, we discuss the reasons behind the latest oil price rally and the causation of the recent hike in gas prices. 

13 September 2021 energy market update

In this week's podcast, we discuss the impact of Hurricane Ida on oil production and progress being made with Iran and nuclear inspectors. 

31 August 2021 energy market update

In today's energy market podcast, we take a look at the impact of Hurricane Ida on production.

23 August 2021 energy market update

There have been some sharp moves lower in oil prices this week. We discuss what is behind this in the latest energy market podcast. 

16 August 2021 energy market update

Oil prices are still below $70 per barrel this morning having failed to bounce back after last week. We discuss what's been driving this and what it means for the oil outlook. 

09 August 2021 energy market update

Oil prices are below $70 per barrel this morning having traded lower compared to the middle of last week. We discuss what's been driving this and what it means for the oil outlook. 

19 July 2021 oil market update

This week, we look at the implications of the agreed increase in oil production in May 2022, after initial resistance from the UAE. 

12 July 2021 oil market update

Brent has traded in a very wide range since last week's OPEC meeting. Callum discusses the results of the meeting, US inventories and what we should be looking out for in the oil markets this week. 

05 July 2021 oil market update

OPEC met last week but failed to reach an agreement. Discussions centred around increasing production between August and December, however, the United Arab Emirates blocked the deal. We discuss the detail behind the stalled talks in this week's podcast.

28 June 2021 oil market update

Brent set its highest level since 2018 at $76.60 per barrel last week and so OPEC+ is looking likely to increase output when they meet up on Thursday. We discuss this and more in the latest Oil Market Update. 

21 June 2021 oil market update

In this week's podcast, we discuss the impact of the newly elected president in Iran and the increase of oil prices to $75 per barrel off the back of the US inventory report, published on Wednesday. 

14 June 2021 oil market update

The G7 Meeting has been going on in recent days and tackling climate change has been one of the key themes. We discuss what has been agreed and how might it affect energy markets in the years ahead. 

7 June 2021 oil market update

This week Investec's head of commodities Callum Macpherson discusses the recent OPEC meeting and the reasoning behind the decision to increase production in June and July by 700,000 barrels. 

24 May 2021 oil market update

The price of oil managed to break $70 per barrel last week but not for very long. Callum Macpherson takes a look at what drove this as well as other factors impacting the market. 

17 May 2021 oil market update

In this week's podcast, Callum discusses the possibility of breaking the $70 per barrel oil price and the conclusion to the cyber attack on the colonial pipeline in the US. 

10 May 2021 oil market update

Head of commodities, Callum Macpherson takes us through the recent cyberattack that affected a pipeline in the US. 

04 May 2021 oil market update

OPEC has decided to stick to its planned increases for July and yet the market has rallied, head of commodities Callum Macpherson analyses why this may be. 

26 April 2021 oil market update

This week, we take a look at what OPEC might be speaking about ahead of a meeting on Wednesday.

19 April 2021 oil market update

This week, Callum takes a look at the IEA report and what it had to say about the state of the oil market.

12 April 2021 oil market update

It’s now a week since OPEC announced its supply increase and the market seems to have taken this supply increase in its stride. We take a look at whether oil prices will continue in the low 60s for the foreseeable future.

6 April 2021 oil market update

After last week's meeting, OPEC+ have reached a deal to increase output. Callum Macpherson discusses the details of what was agreed in this week's podcast. 

29 March 2021 oil market update

Oil markets have been watching the drama of the ship stuck in the Suez Canal. Reports this morning suggest the ship has been partially re-floated. We take a look at how this has impacted the market. 

15 March 2021 oil market update

Brent is hovering around the $70 per barrel mark at the moment. But the large increase in US inventories reported last week has not impact price. We discuss this in our latest podcast. 

08 March 2021 oil market update

Brent breached $70 per barrel at the end of last week but is slightly lower this morning. We take a look at what to expect this week in the oil markets. 

01 March 2021 oil market update

Brent breached $67 per barrel at the end of last week but is slightly lower this morning. We take a look at what to expect this week in the oil markets. 

15 February 2021 oil market update

Brent has continued to increase in price and has even come close to $64 per barrel today. We take a look at what is driving this move. 

8 February 2021 oil market update

Brent is trading at $60 per barrel for the first time since January 2020. Callum Macpherson analysis how this is possible considering demand is weaker now than it was then. 

1 February 2021 oil market update

Again the oil market has been little moved over the last week as Brent continues to trade around 55 dollars per barrel. 

25 January 2021 oil market update

It's been a relatively quiet week for oil markets. Callum Macpherson unpacks the recent events impacting the markets this week. 

18 January 2021 oil market update

This week we talk through the 2021 Oil Hedging Considerations pieces which Callum Macpherson's team issued at the end of last week.

11 January 2021 oil market update

Brent has performed very well since the new year began increasing to $56 per barrel. We take a look at why this has occurred and what may happen in the near future. 

7 December oil market update

OPEC emerged after agreeing on a deal concerning oil demand. Callum analyses this and the impact on the oil market. 

30 November oil market update

OPEC and its associates have a lot to think about as its two-day meeting starts today (Monday 30 November). 

23 November oil market update

Brent rallied up to 46 dollars per barrel this morning in response to positive news surrounding Covid-19 vaccines. We take a look at what this may mean for OPEC heading into 2021. 

16 November oil market update

We take a look at how the news of a potential Covid-19 vaccine will have on the oil market. 

2 November oil market update

We saw a break out in the range last week and Brent moved down to the mid-30s, Callum analyses the contributing factors. 

12 October oil market update

Brent rallied strongly at the end of last week, possibly due to Hurricane Delta passing through. We analyse this and other factors impacting oil price this week. 

5 October oil market update

Due to a number of reasons including; coronavirus and uncertainty over President Trump's health, Brent traded down to its lowest levels since June last week. Callum Macpherson reviews this and what may happen in the next few days. 

29 September oil market update

The oil market appears to have quietened down again, we analyse why it has settled down and the rising strength in diesel demand. 

21 September oil market update

Callum Macpherson looks back on a volatile week for the oil market and examines the significance of recent moves. 

7 September oil market update

Brent reached $41.50 per barrel earlier today. We analyse this and US inventory numbers and gasoline demand.

 

To listen to archived podcasts, click here

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