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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Brent hits four-month high, but more downside than upside ahead

Published: 16 July, 2020

Highlights:

  • Brent contango to widen amid easing of OPEC+ production cuts
  • Urals premiums in NWE narrow to more than a 2-month low
  • OPEC revises up global oil demand by 0.1 mmb/d
  • National daily data point to Kazakhstan missing its output target in July
  • Could escalating protests at key southern fields lead to full ...

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