6 min listen
Do fundamentals support the rise of crude futures to two-year highs?
FromOil Markets
ratings:
Length:
11 minutes
Released:
Jun 3, 2021
Format:
Podcast episode
Description
While the pandemic is far from over and coronavirus cases are still rising in some Asian countries, the front-month Brent crude futures breached on June 1 the $70/barrel ceiling and extended the rise the next day. From OPEC’s optimistic demand forecasts to uncertainty over Iran’s production, caution seems to dominate the medium-term, and the longer-term role of energy transition may not be as bearish for prices as one might think. In this episode of the Oil Markets Podcast, S&P Global Platts reporters Nicholas Baldwin and Eklavya Gupte discuss with Joel Hanley the reasons behind the bullishness in crude oil futures.
Released:
Jun 3, 2021
Format:
Podcast episode
Titles in the series (100)
North Sea crude dented by West African imports, less Asian demand: The North Sea crude oil market has weakened dramatically as Asian buying interest dries up ahead of refinery maintenance. Platts' Europe and Africa crude oil Team Leader Robert Beaman discusses these developments with North Sea editor Ned Molloy and West by Oil Markets