Oil Weekly: Eight Points on the Oil Market for H2 2023
- By Viresh Kanabar
- 4 min read
Summary
-
- We are neutral on crude as industrial demand is slowing. However, OPEC+ production cuts are beginning to tighten the physical market.
-
- Dubai crude now trades at a premium to Brent, encouraging global refiners to increase imports from elsewhere (e.g. the US) or draw down inventories.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.