Related Articles
Forward article link
Share PDF with colleagues

March may be a turning point as markets look fragile

March has provided the turning point for market sentiment in the past. Do not be surprised if it does this year, too

After pushing towards $120 a barrel in February, oil markets look fragile again. Macroeconomics, geopolitics, tepid demand and buoyant supplies are all beginning to weigh on Brent again. March has provided the turning point for market sentiment in the past. Do not be surprised if it does this year, too. In London on 4 March, Brent was trading above $110/b. Despite the 6% drop since February’s highs, however, those levels still look pricey and vulnerable. Bad macroeconomic news is swirling across the world again. As it trimmed its oil-demand growth forecast for 2013 last month, the International Energy Agency (IEA) nonetheless remained positive, noting improvements in the Chinese and US eco

Also in this section
Global oil demand - an inexact science
20 February 2017
Should you bet the house - or your company's drilling programme - on long-term forecasts for oil demand?
Mexico - opportunistic cutter
15 February 2017
Mexico will probably end up losing more oil supply in 2017 than it pledged to cut
South America's desperados
13 February 2017
Latin America's two Opec members needed the deal to cut and Venezuela will probably shed even more output than it agreed