Oil prices

Oil prices latest publications

April 1, 2020

U.S. | COVID-19 and oil markets

These are unprecedented times for energy markets. Crude oil demand has crumbled as economic activity has been suspended around the world, and nearly 3 billion people stay at home to flatten the curve of contagion.

December 4, 2019

U.S. Oil Prices Outlook. December 2019

2019 oil prices were in line with our baseline scenario. OPEC is discussing whether to extend its production quota. U.S oil production will expand further, albeit at a slower pace.

July 15, 2019

Oil Prices: Hard Times

To paraphrase Dickens: It is both the best of times and the worst of times for oil-producing countries. The outlook for OPEC is bleak. Despite production cuts, the price of Brent crude oil remains below $70 per barrel.

June 28, 2019

U.S. | Oil Prices Outlook. June 2019

OPEC+ will most likely extend the output deal through the rest of the year. Weaker economic growth to lead to slower demand for oil. Escalation of tensions between U.S. and Iran, as well as trade negotiations between China and the U.S. are the main sources of uncertainty.

December 7, 2018

Market Comment | Risk-off mood drove financial markets at the end of the week

Risk-off mood at the end of the week as increasing trade fears, volatility in oil prices and doubts about US economic growth weighed. The detention of a Chinese tech manager at the request of the US fuelled concerns about worsening relations. These events dispelled the positive mood after the G20 summit, in which China and …

December 5, 2018

Market Comment | Oil prices remained steady ahead of tomorrow’s OPEC meeting

Financial markets remained cautious after yesterday's sell-off in the US. The latest comments from China announcing its optimism on reaching a trade deal with the US were not enough to offset the negative mood, along with early doubts on US economic growth. Moreover, crude oil prices remained steady with investors waiting f…

November 27, 2018

Market Comment | Risk assets recovered at the start of the week

Financial markets seemed to recover on the back of positive news on Brexit negotiations, Italy’s budget plan and a rebound in oil prices. The Xi-Trump talks at the G-20 leaders’ meeting later this week will be key for investors.

July 16, 2018

Will the OPEC succeed again?

With US having abandoned the nuclear agreement with Iran, oil prices have rebounded amid expectations of a tightening supply. Paradoxically, the higher prices caused concern in the OPEC and amongst its partners. Whilst it is true that higher crude oil prices would lead to a windfall, it would also damage demand from their b…