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- According to commodity analysts at Standard Chartered, oil markets are finally waking up to the fact that fundamentals have tightened significantly. The analysts have predicted that a seasonal increase in demand combined with producer output restraint will create large supply deficits over the coming months.
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May 2, 2024 · According to commodity analysts at Standard Chartered, oil supply and demand balances show a significant tightening in the current year, a sharp contrast to large surplus conditions of early...
- Alex Kimani
Nov 14, 2023 · 0844 GMT – Oil prices are inching higher, with market fundamentals remaining tight despite worries over global growth. Brent crude and WTI are both up 0.3% to $82.76 a barrel and $78.50 a...
Apr 8, 2024 · Oil markets are set to become “extremely tight” in the second half of this year, according to hedge fund giant Citadel, as Opec+’s control of the market allows it to keep prices high.
Aug 3, 2023 · The oil market was very slow to respond to the tightening in fundamentals that started in May and has continued apace since, however, that response has gathered speed over the past...
Jun 21, 2024 · OVERVIEW: Oil prices are on course for a solid weekly gain, supported by signs of a tighter market in the third quarter amid OPEC+ output cuts and a pick up in travel demand over the summer, as...
Oct 2, 2023 · 0722 GMT – Oil prices are pushing higher as tightening fundamentals continue to provide support to key benchmarks. Brent crude is up 0.3% to $92.51 a barrel while WTI is 0.4% higher at $91.13 a...
