- Oil Market Surplus Likely to Persist for Rest of 2015
April 24, 2015
There has been considerable speculation recently that the oil market surplus is diminishing, with balance likely to return later this year. However, in our view, the oil market surplus has hardly been reduced at all so far, despite the sharp drop ...
- FGE's oil market update Jan 2015
January 06, 2015
It is difficult to emphasize just how bearish the supply/demand outlook is currently. As things stand, we are looking at an unprecedented stockbuild during Q1 2015. For as long as OPEC, or essentially rather Saudi Arabia, persists with the current...
- FGE's reaction to the OPEC meeting
December 19, 2014
Potential oversupply of 1.5 mmb/d, after OPEC’s decision not to cut
Stocks position could quickly rise above the very high levels seen in 2008-09
Severe pressure on prices likely in early 2015: Brent possibly below $50/bbl
OPEC unwilling to ...
- FGE's current oil market view
October 22, 2014
Our latest update of the global oil supply/demand outlook confirms our earlier bearish view; if anything, it is now even more negative.
If key OPEC members continue with their output at current levels, then we project that there could be a contr...
- FGE's price predictions
October 01, 2014
Oil prices could be under severe downward pressure unless OPEC can reduce output to near 29 mmb/d. Despite Saudi Arabia citing to OPEC that it had cut output by some 400 kb/d in August to 9.6 mmb/d, cutting a further 1 mmb/d may be too much to sho...