Quarterly Oil Market Update – Q4 2018: (Oil price roller coaster)
Oil Market ReportLower OPEC output and hopes of some progress over the US-China trade dispute have helped Brent prices recover to around $60 pb recently, although the outlook on oil demand remains subdued. According to latest OPEC forecasts, global oil demand will grow by 1.29 million barrels per day (mbpd) in 2019, the lowest rate of growth since 2013.
Quarterly Oil Market Update – Q4 2017: (Downward Pressure on Oil Prices)
Oil Market ReportA brighter outlook for the global economy and tighter oil markets had seen Brent oil prices rise 18 percent quarter-on-quarter in Q4 2017, to $62 per barrel (pb), with prices continue to rally to $70 pb in January 2018, the highest level since November 2014.
Outlook on Crude Oil Refining in Saudi Arabia
Oil Market ReportOutlook on Crude Oil Refining in Saudi Arabia
Quarterly Oil Market Update – Q1 2018: (Volatility is back)
Oil Market ReportRising optimism around global economic growth, continued OPEC compliance to output targets and rising geopolitical tensions all contributed to pushing Brent oil prices to an average of $67 per barrel (pb) in Q1 2018, up 8 percent quarter-on-quarter.
