S03 Ep23 Energy Market Update: Brent prices strengthen despite OPEC+ production talks

Loading player...

Brent crude oil prices have strengthened at the end of last week, despite discussions of potential production hikes from OPEC+. Factors such as limited cuts to Saudi selling prices and ongoing overproduction by several members are supporting prices, while the market remains in its current range, with the possibility of reaching $70/b if it breaks out.

Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation of an offer, to buy or sell financial instruments. This podcast does not constitute a personal recommendation and is not investment advice.

9 Jun English South Africa Business

Other recent episodes

S03 Ep22 Energy Market Update: OPEC+ has agreed another production increase

OPEC+ has agreed to increase production, setting July's output at 410 kb/d above June and 822 kb/d above the original target. Despite these increases, oil prices rose, likely due to geopolitical tensions, including strikes on Russian airfields that may affect production. Please note: this podcast is provided for information purposes…

2 Jun 6 min

S03 Ep21 Energy Market Update: Oil prices remain rangebound despite recent news influence

Oil prices remained stable last week despite significant news, with Brent holding around $65/b amid OPEC+ discussions and Trump's comments on EU trade. Bearish factors may lead to further declines if trade talks falter. Meanwhile, gas and power prices in Europe have risen due to maintenance outages in Norway, pushing…

26 May 4 min

S03 Ep20 Energy Market Update: The oil market remained relatively firm last week

Recent developments on a potential Iran nuclear deal have impacted the oil market, with Brent hovering around $65/b. The IEA's report shows upward revisions in oil demand for 2024-2026, but concerns about oversupply persist, especially with the potential increase in Iranian crude later this year. Please note: this podcast is…

19 May 3 min

S03 Ep19 Energy Market Update: Oil market optimism amid US-China trade talks

The oil market rallied into the end of last week on optimism about talks between China and the US on trade. Callum Macpherson, Head of Commodities at Investec UK, discusses what progress has been made and what does this mean for energy markets. Please note: this podcast is provided for…

12 May 4 min

S03 Ep18 Energy Market Update: Latest from OPEC+

OPEC+ have announced an increase in output over the weekend. Callum Macpherson, Head of Commodities at Investec UK, discusses what has been decided and the motivation behind the move. Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation…

5 May 3 min

All episodes