This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

S01 Ep19 Energy market update: Brent falls towards 80 $/b

Loading player...

Brent fell back towards 80 $/b at the end of last week. Head of Commodities Callum Macpherson explains how this has happened in spite of the production cuts that have been announced.

Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation of an offer, to buy or sell financial instruments. This podcast does not constitute a personal recommendation and is not investment advice.

24 Apr 2023 English South Africa Business

Other recent episodes

S04 Ep39 Energy Market Update: Brent falls below $76/b after Initial U.S.–Iran agreement

Brent fell below $76/b last week after the U.S. and Iran reached an initial agreement, easing some of the war-related risk premium. However, uncertainty remains over the Strait of Hormuz, the conflict in Lebanon, and whether energy flows can return to normal, leaving markets caught between short-term supply risks and…

22 Jun 6 min

S04 Ep38 Energy Market Update: Brent crude drops below $83 as US-Iran deal raises hopes for Gulf shipping recovery

Oil markets eased sharply after the US and Iran agreed the outline of an interim deal, although the agreement has not yet been formally signed and key details remain unpublished. President Trump announced the removal of the US naval blockade and the reopening of the Strait of Hormuz, while Pakistan…

15 Jun 3 min

S04 Ep37 Energy Market Update: Brent nears $98 as Iran-Israel tensions rekindle supply fears

Brent crude briefly approached $98/bbl after renewed military exchanges between Iran and Israel heightened concerns over Middle East supply risks. Iran launched rockets following Israeli strikes in Beirut, while Israel subsequently targeted Iranian military sites despite reported US efforts to restrain escalation. Please note: this podcast is provided for information…

8 Jun 3 min

S04 Ep36 Energy Market Update: Oil rebounds as US-Iran ceasefire deal faces fresh hurdles

Brent crude has recovered to around $93.50/bbl after falling below $90 last week on optimism that a US-Iran ceasefire agreement could ease tensions in the Gulf. However, reports of further negotiations, renewed military action around the Strait of Hormuz, and concerns over mine clearance have tempered expectations of a swift…

1 Jun 4 min

S04 Ep35 Energy Market Update: Brent volatile amid Iran talks and fresh Middle East strikes

Brent crude fell sharply this week after reports suggested the US and Iran are close to agreeing a deal to reopen the Strait of Hormuz and potentially ease sanctions on Iranian oil exports. Prices dropped from around $105/bbl to $96/bbl before recovering towards $98/bbl following limited US and Israeli strikes…

26 May 3 min

All episodes