World of Oil Derivatives Greg Newman

For a special episode of World of Oil Derivatives, Group Chief Executive Greg Newman is joined by Managing Director of Benchmarking, Jorge Montepeque and Group Head of Research, Harry Tchilinguirian for a detailed discussion regarding global oil demand.Greg, Jorge, and Harry delve into the differing perspectives on oil demand from two major agencies, the IEA and OPEC, focusing on their projections for both short and long-term global oil demand growth. The discussion highlights the growin...

We saw a very strong performance in crudethis week, with Brent futures already up to $84/bbl. The team discuss market dynamics, emphasizing the shift from deep contango to backwardation in crude structure. After a recent positional reset, the market appears more balanced, with summer demand looking healthy.The team go on to discuss the history of repricing in the oil markets, with Greg noting that big market moves often come from unexpected events. For example: recession expectations in the p...

Today, Macro specialist James Brodie discusses last week's weaker than expected US economic data, as well as the more hawkish Federal Reserve, the U.S. central bank. Research Analyst, Harry Nedeljkovic weighs in on the up-coming French election, in addition to Argentina and especially their economic situation. Group Head of Research, Harry Tchilinguirian joins Macro Mondays for the first time to talk through how the recent data out of China may come to impact oil demand. CPI & PPI bo...

Brent is back in the $80’s this week after a huge rebound and initial sell-off post-OPEC meeting. Crude flat prices are back to where we were pre-OPEC meeting, as the August contract fell to lows of $77/bbl before climbing all the way back up to $82/bbl this morning.The M1 refinery margins in Europe continue to weaken this week by nearly $0.35/bbl; however, the same in Asia climbed by $0.55/bbl this week. Asian margins appear to be picking up compared to how low they were at the end of May. T...

Macro-Economic Specialist James Brodie is joined by Onyx Research Analyst Harry Nedeljkovic to discuss what's been happening in the markets, including Friday's US pay roll data, The European elections over the weekend and the big moves in gold. James and Harry will also discuss the Trade of the week, EURUSD and GameStop. Friday's US payroll data saw 272,000 jobs created last month, much higher than expect the expected 180,000 jobs, which took the market by surprise, resulting ...

Brent Futures have been extremely bearish following US markets open, dropping to $77/bbl Monday morning. It’s all about OPEC, as the meeting over the weekend saw existing voluntary cuts extended into September 2024. This move hinted at OPEC's willingness to bring back barrels to the market. However, doubts remain about compliance from certain members and future global demand growth.Refinery margins are overall weak, with low US gasoline demand and overall US weakness permeating the European m...