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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Market now pricing in return of OPEC barrels but expected stockdraws in the weeks ahead can temper some of the bearish sentiment

Published: 26 September, 2024

Highlights:

  • Market now pricing in return of OPEC barrels - but expected stockdraws in the weeks ahead can temper some of the bearish sentiment
  • Supply: Hurricane Helene reduces US GoM Output by a further 1 mmb in September
    • Hurricane Helene causes GoM producers to shut-in 500 kb/d of output temporarily
    • Kazakhstan ...

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