Tag: contango
Brent spreads become battleground amid doubts over oil rebalancing: Kemp
Critical question is whether rebalancing will continue or driven off course by resurgence of US shale By John Kemp LONDON, March 14 (Reuters) – Global oil markets are gradually rebalancing, but progress has been slower and more uneven than the Organization of the Petroleum Exporting Countries and bullish hedge funds expected. OPEC as well as most commentators, crude […]
Oil traders see no market rebalancing until later in 2017: Kemp
Traders are signalling they expect oil demand to exceed supply in 2nd half of 2017, throughout 2018 By John Kemp LONDON – Crude traders expect the oil market to begin tightening and gradually move into deficit, but the shift is not forecast to occur much before the second half of 2017. The expected timetable for rebalancing is […]
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