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Daily Oil Commentary by Madatt Stanley

Matt Stanley
Posted:22/6/17
Morning all. Brent closed down 1.20 last night to $44.82 and WTi closed at $42.53 down 0.98. Eeeeeek. And that's putting it mildly. EIA data showed a draw on crude and gasoline and a build on distillates but the market ignored this relatively supportive data like how a professional footballer ignores a Spanish tax hearing. It does seem at the minute that crude only has one way to go and that is down. I think however that perhaps it is too much too soon so don't be surprised to see a short term rally sometim

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:20/6/17
Morning all. Brent closed down 0.46 last night to $46.91 and WTi closed at $44.43. It's a chilly 46 deg c here at the moment and I've got a cold. Makes sense. About as much sense as the Saudi oil minister's comments yesterday that he is confident the cuts will work by Q4 this year. Hmmm. I personally don't think that the market will rebalance, crude is still being produced quicker than even the most determined are able to consume it so this will inevitably lead to a continuation of the dreaded "glut". I thi

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:19/6/17
Morning all and Hope everyone had a good weekend. Brent closed Friday up 0.45 to $47.37 and WTi closed at $44.74 up 0.28. Collapses. I haven't spoken much about them recently, even though some of you have been expecting me to compare them to the England cricket team performance last week. Patience is a virtue however and this may offend some of you but this oil market is like the Indian batting line up. It seems no amount of beard trimmer or Suitcase endorsements could save Virat and his team and they were

OPEC Monthly Oil Market Report

OPEC
Posted:13/6/17
The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

The 7th Gulf Intelligence Energy Markets Forum 2017

Gulf Intelligence
Posted:11/6/17
Under the Patronage of H.H. Sheikh Hamad Bin Mohammed Al-Sharqi, Ruler of Fujairah, Gulf Intelligence is proud to announce the 7th Annual Energy Markets Forum taking place on September 19th in Fujairah, United Arab Emirates. With confirmed partners already including the Port of Fujairah, Vitol & Platts, this is the premier opportunity for you to gain insight and participate in debate surrounding the retooling of the gulf energy sector. The Forum will highlight the opportunities & challenges presented by Asi

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:8/6/17
Pressed too early. Morning all. Brent closed down 2.06 last night to $48.06 and WTi closed at $45.72 down 2.47. Ouch. So APi were both wrong and right, there was a build on gasoline and distillates however there was a surprise build on crude as well. Now, I made it clear yesterday that if APi were proved right with regards to the product builds then the market would tank. And tank it did. Brent came off $1.20 in 5 minutes. However refinery runs were down so that manifested itself in to higher crude stocks.

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:6/6/17
Morning all. Brent closed down 0.48 last night to $49.47 and WTi closed at $47.40 down 0.26. Another choppy day yesterday with the diplomatic row in the GCC fuelling fires that perhaps the OPEC agreement won't quite be as stable as people were perhaps hoping. I have to be honest I think we are coming to the bottom of the range on crude flat price now. I don't see us dropping much below $47.50 and I think we may see that number soon if EIA data doesn't show anything other than significant on draws across bot

Preparing the power sector for the low carbon transition

International Energy Agency
Posted:4/6/17
While electricity demand growth is slowing in many countries around the world, the deployment of renewable power generation continues to grow dramatically. In fact, over the next five years, renewables are expected to remain the fastest-growing source of electricity generation worldwide. This undeniable success of renewable energy – and particularly the success of solar PV and wind – has started to change the face of the power sector. Yet the success of renewables, driven in part by continuing and dramatic

Expect the Unexpected: The Disruptive Power of Low-carbon Technology

Carbon Tracker
Posted:4/6/17
This report was produced in partnership between Carbon Tracker and the Grantham Institute at Imperial College London. This study analyses the potential for continued cost reductions in solar photovoltaics (PV) and electric vehicle (EV) technologies to displace demand for currently dominant fossil fuels and mitigate CO2 emissions. In doing so, the report reviews the validity of continuing to base corporate strategies on ‘business as usual’ scenarios.

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:4/6/17
Morning all. Brent closed down 0.13 last night to $50.63 and WTi closed at $48.36 down 0.04. Well another week gone and it's June already. Scary. What has the week bought us? Well if you're Tiger Woods then a trip to see Barney and friends to figure out the alphabet but what about the oil market? Brent is down 4% compared to last week. And let's not forget that this time a week ago the market was only just waking up to the confirmed news that OPEC had extended the cut for another 9 months. And that OPEC ach

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:1/6/17
Morning all. Brent closed down 1.48 last night to $50.76 and WTi closed at $48.32 down 1.34. Well, that was a dramatic fall from grace for crude wasn't it? At one point I thought we might break $50 but we closed comfortably above that. I say comfortable, crude feels about as comfortable as your trousers do after Christmas dinner if I'm honest. The thing is that yesterday there were no headlines or rumours or Chinese whispers as a catalyst for the fall. Perhaps news that Libya and Nigeria are pumping more bu

Chasing the Dragon? China’s coal overcapacity crisis and what it means for investors

Carbon Tracker
Posted:31/5/17
China is currently building more coal plants than it needs and in doing so is misallocating capital at an unprecedented rate. As of July 2016, China has 895 GW of existing coal capacity being used less than half of the time – and perversely has 205 GW under construction and another 405 GW of capacity planned, with a total overnight capital cost of half a trillion US dollars. This misallocation of capital is a microcosm of wider structural woes within the Chinese economy. China’s rapid economic growth, demog

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:30/5/17
Morning all. Brent closed last night up 0.14 to settle at $52.29, WTi was closed yesterday. A very thin day was witnessed yesterday, as expected. The oil market has woken up and seems to be struggling like a fat sweaty bloke trying to take off a tight t-shirt. I made it clear prior my holibobs that OPEC needed to do something other than merely extending the cuts. The market is now relying on supposed increased demand to balance the market. To say this is nothing short of hopeful is an understatement. The La

Tracking Clean Energy Progress 2017

International Energy Agency
Posted:30/5/17
Energy systems are undergoing substantial changes. Tracking the progress of clean energy is essential to achieve sustainable, secure and affordable energy and to assess collective progress towards long-term goals. The IEA’s annual Tracking Clean Energy Progress (TCEP) report highlights the overall status and recent progress in developing and deploying key clean-energy technologies. The report brings together broad IEA expertise, integrating the analysis from the Energy Technology Perspectives as well as th

Tracking Clean Energy Progress 2017

International Energy Agency
Posted:30/5/17
Energy systems are undergoing substantial changes. Tracking the progress of clean energy is essential to achieve sustainable, secure and affordable energy and to assess collective progress towards long-term goals. The IEA’s annual Tracking Clean Energy Progress (TCEP) report highlights the overall status and recent progress in developing and deploying key clean-energy technologies. The report brings together broad IEA expertise, integrating the analysis from the Energy Technology Perspectives as well as th