Insights

Insights

Forget about oil at $80. The big rally is in forward prices

Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.

Insights

Opinion: Improving picture for oil companies, but caution pervades

The tide appears to have turned for oil. This time last year, the oil and gas industry appeared to be drowning in a commodity price which seemed destined to hug the $50 mark for some time. Further back, in January 2016, it went as low as $30.

Insights

The bullish and bearish case for oil

Oil prices could rise due to the “perfect storm of stagnant supply, geopolitical risk, and a harsh winter,” according to an April 12 note from Barclays.

Insights

Changes to end-use relief will be taxing

After what has been one of the most challenging downturns in the history of the UK oil and gas industry, we are starting to see tangible signs of recovery with new entrants investing in the North Sea; an increase in transactions; and further reductions in operating costs from $30/boe to $15/boe.