Overnight & Singapore Window: Brent rises above $73/bbl
December 27, 2024
The Mar’25 Brent futures contract softened to $72.70/bbl at 06:35 GMT but strengthened to $73.05/bbl by 10:15 GMT (time of writing).
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Early European Window: Brent Trades Below $73
December 24, 2024
The Mar’25 Brent futures flat price saw a volatile and choppier performance amid thinner liquidity on Tuesday, rising to $73/bbl by 11:20 GMT before selling off by 60c within 15 mins, and is printing $72.74/bbl at 13:15 GMT (time of
Early Overnight & Singapore Window: Brent rises to $72.65/bbl on thin liquidity
December 24, 2024
The Mar’25 Brent futures traded from $72.50/bbl at 3:50 GMT to $72.65/bbl at 06:25 GMT (time of writing) amid thin liquidity ahead of Christmas.
European Window: Brent Falls to $72
December 23, 2024
The Feb’25 Brent futures flat price continued to slide on Monday afternoon, falling from the $72.70/bbl level at 11:00 GMT to $72/bbl by 16:50 GMT, before finding technical support and bouncing up to $72.12/bbl by 17:20 GMT (time of writing).
Overnight & Singapore Window: Brent Falls Below $73/bbl
December 23, 2024
The Feb’25 Brent futures flat price traded around the $73.30/bbl level overnight Monday before falling by nearly 50c and below $73/bbl within half an hour, trading $72.94/bbl at 10:00 GMT. In the news, a second drone attack in a week
European Window: Brent Fails to Break $72.00
December 20, 2024
Feb’25 Brent futures failed to break through support at $72.00/bbl throughout this afternoon and rose to $73.00/bbl at 1720 GMT (time of writing). Kremlin spokesman Dmitry Peskov warned that potential G7 sanctions on Russia’s oil industry could destabilise global energy
Brent Forecast Review: 20th December 2024
December 20, 2024
The front-month (Feb’25) Brent is on track for a weekly decline, as price action has fallen by 2% to $72.50/bbl by 13:30 GMT (time of writing). Various factors have pressured crude prices this week, including more hawkish signals from the
Overnight & Singapore Window: Brent Softens to $72.20/bbl
December 20, 2024
Feb’25 Brent futures softened from $72.55/bbl at 0600 GMT to $72.20/bbl at 10:30 GMT (time of writing). The Financial Times reported today that Shell secured Nigerian government approval for a $2.4 billion onshore and shallow-water asset sale to Renaissance Group
European Window: Brent Slides to $73.66/bbl
December 19, 2024
Feb’25 Brent futures fell from $73.70/bbl at 13.30 GMT to $72.70/bbl at 17:00 GMT. A US government shutdown is looming as Congress scrambles to pass a stopgap bill, despite opposition from President-elect Donald Trump, according to Fox News. Economic data
Overnight & Singapore Window: Brent Falls to $73/bbl Levels
December 19, 2024
The Feb’25 Brent futures flat price came off to the $73/bbl level overnight before rising to $73.36/bbl by 10:00 GMT (time of writing). Price action is slightly lower following the Fed’s rate cut, as policymakers signalled a more hawkish stance
LPG Report: NG-Elf
December 18, 2024
The LPG market was relatively uneventful in December, with more of the same in many markets. Going into the festive period, there is a sense of normality in the markets compared to the supply tightness concerns from Panama Canal logistical
European Window: Brent Slides to $73.66/bbl
December 18, 2024
The Feb Brent Futures contract has seen mixed price action this afternoon, trading up to a high of $74.12 at 16:10 GMT before retracing to $73.61/bbl where it sits at the time of writing, as EIA data highlighted that crude
Overnight & Singapore Window: Brent Rises to $73.70/bbl Levels
December 18, 2024
The Feb Brent Futures contract saw renewed strength in price action this morning, steadily rising from $73.28/bbl at 07:00 GMT to trade at $73.70/bbl at the time of writing (10:20 GMT); API statistics highlighted a moderate draw in crude by
European Window: Brent Falls Below $73/bbl
December 17, 2024
The Feb’25 Brent futures flat price came off from the $73.20/bbl handle on Tuesday afternoon. Price action fell to lows of $72.50/bbl before recovering to $72.88/bbl by 17:20 GMT (time of writing). In the headlines, the UK imposed new sanctions
Naphtha Report: A Light-End to the Year…?
December 17, 2024
The naphtha complex saw a strong start of the month before the buying in the East appeared overdone, and the propane and petchem market was also more tepid, although the naphtha market in Europe outstripped propane. The market in both
