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Oil Market Report - October 2022

Although crude oil prices broke through the support level of $90 / bbl for ICE Brent front-month contract in the late of September 2022, the downward swing was very short lived as shocking OPEC+ decision to curb crude oil production quotas by 2.0 mln bbl...

oil, investment

Oil Market Report - September 2022

As the crude oil market is experiencing its largest 90-day decline since March-April 2020, which was only exceeded prior to 2020 by market routs in 2014-15 and 2008-09, we see the limited downside in crude oil prices from the levels achieved and believe ...

oil, investment

Oil Market Report - July 2022

Crude oil prices surged further in June 2022 for the second consecutive month, with ICE Brent and NYMEX WTI first-month contracts averaging nearly 5% higher on a monthly average basis despite a relatively volatile month and tumbling financial markets. Th...

oil, investment

Oil Market Report - June 2022

The rally on crude oil markets resumed an upward trend in May 2022 after a stall in April 2022, with major futures contracts ICE Brent and NYMEX WTI showed positive monthly dynamics four times in the last five months. Crude oil prices were mainly driven ...

oil, investment

Oil Market Report - May 2022

Crude oil prices moved modestly lower in April 2022 on a monthly average basis amid a market selloff, losing almost 6% comparing to the average price in March 2022. The market retreated from the recent multi-year highs as short-term oil supply concerns t...

oil, investment

Oil Market Report - April 2022

Crude oil prices soared further in March 2022 extending the previous month’s large gains. The market continued to be driven by rising concerns about a potential large oil supply shortage amid escalating geopolitical tensions in Eastern Europe, as well as...

oil, investment

Oil Market Report - March 2022

Crude oil prices surged further by about 10% in February 2022 with ICE Brent averaging above $94 / bbl. Continuing bullish oil market fundamentals and escalating geopolitical tensions in Eastern Europe, which raised worries about potential large oil supp...

oil, investment

Oil Market Report - February 2022

Crude oil prices ended January 2022 substantially higher compared with the previous month. Crude oil quotes were driven up by both strong global oil market fundamental and non-fundamental factors. Thus, oil prices recovered from December 2021 lows as mar...

oil, investment

Oil Market Report - January 2022

Crude oil prices declined in December 2021 for the second consecutive month on a monthly average basis, falling further from multiyear highs registered in October 2021, amid persistent market volatility that remained fuelled by rising uncertainty regardi...

oil, investment

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