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The oil market remains at the center of the global spotlight. This has been the case for some months now due to the outbreak of the war between Israel and Hamas, a confrontation reminiscent of the most difficult moments of the oil market in the 1970s.

In 2023, the price of Brent crude averaged USD 82.5, falling from over USD 100 in 2022, driven by the war between Russia and Ukraine, although its trend over the past year has been somewhat erratic and dominated by a wide array of events.

We will see a very tight market throughout 2023, despite what is likely to be a significant economic slowdown due to various shocks, following the trend seen in recent years.

With inflation on the rise globally and an increase in Brent prices of around 50% year to date, there are many voices in favour of increasing the supply of oil. OPEC+ has a solution, but after the lack of consensus during the recent meetings, d…

One of the strongest price rallies in history for various commodities (e.g. oil, copper, steel) is consolidating in 2021. The speed of the upside movement could make you think that we are at the start of a new commodities supercycle. If we are,…

Economic recovery, output cuts, and progress on Covid-19 vaccination have boosted oil prices. OECD inventories are receding from above-average levels, implying a tighter market.

Faltering demand is preventing oil prices to experience a sustained increase. Fundamentals are consistent with our baseline scenario. In the absence of a vaccine, we expect prices to remain below $45 per barrel for the rest of the year.

Oil prices will remain very low in 2Q20, but will recover in 2H20 as the worst of the pandemic is left behind. Even though the global economy will be boosted by fiscal and monetary support, prices will remain subdued.

Rather than boosting prices in the short-run, the production agreement could result in less volatility and more stable conditions for the market to recover.

In the midst of the global crisis caused by the COVID-19 pandemic, Saudi Arabia's increased oil production and cutting of prices went unnoticed.

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.

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.