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Oil Market Report - October 2020

Crude oil prices around the world moved sharply lower during September 2020, falling on a month-over-month basis for the first time since April, with the ICE Brent benchmark down 7.0% on a monthly average, while the NYMEX WTI benchmark dropped 6.5%. Oil ...

oil, investment

Oil Market Report - September 2020

Crude oil prices extended their gains in the month of August 2020, climbing to six-month highs, the levels not seen since February 2020. The ICE Brent and NYMEX WTI benchmarks hovered around $45 / bbl and $42 / bbl with several attempts to move even high...

oil, investment

Oil Market Report - August 2020

Crude oil prices continued to rally in the month of July 2020 and rose further, settling up by about 6% on a monthly average. The prices were supported by further improvements in oil market fundamentals, bullish economic data, and an improved oil demand ...

oil, investment

Oil Market Report - Jule 2020

Crude oil prices rose in June 2020 and continued to move higher for the second consecutive month, with the ICE Brent and the NYMEX WTI benchmarks reaching three month highs to average $40.77 / bbl and $38.31 / bbl, respectively, on continued improvements...

oil, investment

Oil Market Report - June 2020

Crude oil prices witnessed a recovery since early May on the back of optimism that global oil market fundamentals would improve faster than expected after several European and Asian countries, along with a number of US states, started to ease COVID-19 lo...

oil, investment

Oil Market Report - May 2020

An unprecedented global Crude oil futures prices extended sharp declines in April 2020 amid a strong contraction in the global economy and oil demand due to the impact of the COVID-19 pandemic. In April 2020, the ICE Brent contract plunged by 21.0% mom t...

oil, investment

Oil Market Report - March 2020

Crude oil prices ended February 2020 sharply lower with both ICE Brent and NYMEXWTI showing monthly declines of more than 12% to reach their lowest monthlyvalues in almost 2.5 years as the rapid spread of Covid-19 in China and several othercountries rais...

oil, investment, equity

Oil Market Report - January 2020

In January 2020, crude oil prices erased all the gains accumulated over the previoustwo months, with ICE Brent falling at the end of January, to reach its lowest dailylevel in three months. This was on the back of easing geopolitical tensions in the Midd...

oil, investment, equity

Oil Market Report - December 2019

December 2019 crude oil prices continued to rise on greater optimism about theoutlook for oil market fundamentals, after OPEC and non-OPEC participating countriesdecided to proceed with an additional production adjustment in order to help balance theglob...

oil, investment, equity

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