02 Aug 2021

Oil market update

Callum Macpherson

Commodities

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

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02 August 2021 oil market update

This week, we look at the impact on Brent prices as a result of the latest drone attack on an Israeli oil tanker.

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Earlier episodes of the podcast

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.

 

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