Oil Trading Signals

Exclusive insights - Stay ahead of the market

1

Brent tumbling in fear of gasoline and diesel; upside ahead near $85

"Brent crude futures dropping to $78 per barrel, the lowest level in four months, paints a picture of OPEC+’s deal turning out to provide a bearish bias to the market. What the market is missing is that summer seasonal demand is still ahead, and it is too premature to conclude that the season will turn out to be very lackluster..."

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2

Time to shift focus from OPEC+ driven crude to product markets?

"Brent crude oil front month futures fell to below $82 this past week despite signals that OPEC+ will roll voluntary cuts forward through the third quarter of this year. The reported US crude oil stock build and reduced supply risk as wildfires in Western Canada were.."

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3

Weak Atlantic Basin gasoline cracks as Dangote light sweet crude use lifts prices

"Nigeria’s 650,000 barrels per day (bpd) Dangote refinery could begin to produce gasoline as early as June this year, after ramping up operations in February and starting exports of fuel oil, gasoil, liquefied petroleum gas (LPG), naphtha and jet fuel. Once fully operational..."

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4

Lack of trade flows points to outage at Tupi field

"Trade flow data in Brazil shows that the Cidade de Paraty floating production storage and offloading (FPSO) vessel, operating for state-owned oil giant Petrobras on the Tupi field in the Santos Basin, has not..."

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5

Early summer vacation in Europe?

"European flight counts recovered to pre-pandemic levels in mid-April 2024 and recently surged beyond them. The current strength is driven almost exclusively by rising international travel, with activity now above 2019 levels, as discussed..."

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6

Flaring points to Akpo field restart

"Flaring has resumed from Nigeria’s Akpo assets after a gap of about 35 days, potentially indicating a restart of the facility after a maintenance turnaround during the period...."

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7

Fight or flight as tensions jet off to new heights

"The initial market reaction to Israel’s missile attack on Iran in the early hours of 19 April could have been a temporary blip, as discussed in our recent note. Passenger aircraft rerouting as airspaces temporarily close could affect jet fuel demand, cracks, and refining margins..."

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8

Iran is ‘oil strong’? It is not 2018-2019

"The recent escalations in the Middle East have ramifications on a global scale across multiple commodities, but none more immediate than for oil...."

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Features in the media

Crafted by experts4

Bjørnar Tonhaugen

Partner & Head of Oil Market Research

Mukesh Sahdev

Senior Vice President & Head of Oil Trading/Downstream Solution

Claudio Galimberti

Global Market Analysis Director and Head of Oil Macro

Jorge León

Senior Vice President, Oil Market Research