Brent Futures Flip to Backwardation as Middle East Supply Risks Return
The Brent Crude futures curve flipped into backwardation this week, signaling expectations of tight prompt supply for the…
StanChart Finally Turns Bearish, Cuts Oil Price Forecast By $15/bbl
Last month, we reported that commodity analysts at Standard Chartered have been bucking the overwhelmingly bearish sentiment pervading…
Inside the Hidden Oil Glut
There is once again a great deal of noise regarding the oil glut. Some say it is the…
Global Crude in Transit Reaches Record 1.24 Billion Barrels as Supply Surges
By Julian Lee (Bloomberg) — A flotilla of crude oil on the world’s oceans expanded to a fresh…
Crude Traders Split on Whether the Glut Has Arrived
Predictions of an oil glut have dominated oil market reporting for months. Bloomberg this week suggested the first…