OPEC Archives – AEGIS Hedging Solutions, LLC

February 18, 2021

Saudi Arabia Teases Output Increases As Brent Nears $65

Saudi Arabia plans to unwind 1 MMBbl/d of supply cuts starting in April.* The action would end the 1 MMBbl/d of unilateral curtailments the country announced in early January for…

Jay Stevens

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Blog Oil & Gas

February 12, 2021

EIA, IEA, OPEC Marginally Cut 2021 Demand Growth Estimates, but OPEC+ Firmly in Control of Oil Markets

The three major agencies (EIA, IEA, OPEC) released their monthly reports this week, and each marginally cut 2021 worldwide demand growth estimates from the prior month. However, the bigger picture…

Rishi Sahay

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Blog Oil & Gas

February 5, 2021

OPEC Committee Discusses Policy As WTI Breaches $55/Bbl

The OPEC Joint Ministerial Monitoring Committee (JMCC) and Joint Technical Committee met this week to review global oil fundamentals and the best path to reduce global inventories. WTI was trading…

Nick Hillman

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Blog Oil & Gas

December 4, 2020

OPEC+ Agrees To Ease Deep Oil Cuts

OPEC and its allies agreed on Thursday to ease oil output cuts from January by 500 MBbl/d, with more yet-undefined increases on an ongoing basis. Before the meeting, the market…

Jay Stevens

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Blog Oil & Gas

October 16, 2020

Oil Bulls May Need Patience

Crude oil prices in 2021 face an uphill battle with demand forecast to improve gradually and OPEC holding plenty of dry powder Our view on crude oil prices is neutral…

Jay Stevens

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Factor Matrix Crude Oil

April 9, 2021

AEGIS Factor Matrices: Most important variables affecting oil prices

Nick Hillman

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Blog Oil

September 8, 2020

Softness Among Saudi Oil Customers, Equities Are the Weight in Tuesday’s Prices

WTI decline of more than $3 led by Saudi Arabia’s shrinking official selling prices It’s a complicated day for oil, with multiple bearish factors stacking up over the long weekend.…

Matt Marshall

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August 28, 2020

OPEC Committee Urges Strict Compliance on Cuts

During its Joint Ministerial Monitoring Committee (JMMC), the Organization of the Petroleum Exporting Countries (OPEC) and its allies called on members that are producing above target volumes to reduce output…

Jay Stevens

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July 31, 2020

Refinery Runs up, Imports Down; Breaking Down the Largest Crude Draw This Year

Increased refinery activity and fewer imports contributed to a large 10.6 MMBbl decrease in crude stockpiles last week. Last week's draw of 10.6 MMBbls was the largest of the year,…

Nick Hillman

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Blog Oil

July 17, 2020

What if OPEC+ Keeps Producing to Match Returning Demand?

The cartel has enough spare capacity to match demand barrel for barrel through 2021. They could slowly open the taps on supply as demand slowly returns to pre-COVID-19 levels. This…

Jay Stevens

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