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Latest Reports and Analysis

Crude Alert - Supply Update [Correction] - OPEC+ to add more barrels than expected in May; June output target now an unknown

Published: 8 April, 2025

Highlights:

New OPEC+ plan can add 65 mmb to the market in 2025 but introduces uncertainty for unwind plan from June onwards
What to Watch by Region:
- Africa: Pipeline explosion dents Nigeria’s recent output gains as output drops away from OPEC+ quota
- Europe: Johan Castberg to add 220 kb/d by end of 2Q as ...

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Previous Issues

May 8, 2025

Crude Alert - Supply Update - OPEC+ plans further triple unwind in June; Iranian output remains stable despite sanctions

May 8, 2025

Crude Alert - Market Outlook: Market braced for stockbuilds - product markets can lead mini recovery

April 30, 2025

Crude Alert - Loadings Update: Loadings set to fall in May despite OPEC+ triple output unwind

April 28, 2025

Crude Alert - WTI/Brent Outlook: Diffs adjusting to tariffs and potential two-tier freight market

April 22, 2025

Crude Alert - Brent/Dubai Outlook: HSFO summer demand surge to narrow differentials – but geopolitical wildcards loom

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