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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals: Oil price not out of the woods yet; optimistic phases will add to the volatility

Published: 30 April, 2020

Highlights:

  • Oil price not out of the woods yet; optimistic phases will add to the volatility
  • Brent/NYMEX contango narrows, but probably not for long
  • Platts Urals differentials remain at all-time high in NWE; strengthen in Med
  • Demand recovery will vary by country or regional level
  • Norway to oil production by 250 kb/ ...

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