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. 

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

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

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.

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. 

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. 

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. 

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. 

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. 

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. 

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. 

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

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

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

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. 

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

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

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. 

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

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

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. 

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. 

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

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

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