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Author

Mohammed Al-Shatti

Mohammed Al-Shatti is a Kuwaiti oil analyst.

Latest published

Despite higher prices, oil market faces challenges 

Crude prices have risen, buoyed by the expectation of stronger near-term oil market fundamentals. A declining US dollar value and a rise in speculative net length added support. 

January 16, 2022

Is oil at $80 sustainable in 2022?

Crude oil prices traded above $80 per barrel for the first time since last November, largely supported by easing concerns over the negative impact of the omicron COVID-19 variant and signs of robust oil demand in major oil-consuming countries. But will this level remain throughout the year?

January 08, 2022

Oil prices in 2022 might not reach the high levels of last year

The year 2021 witnessed an upward shift in the price of oil globally, reversing the falls of previous years.

January 02, 2022

Oil in 2022: Supply to exceed demand; surplus likely to build 

2021 was a good year for all and the OPEC+ managed markets well to maintain a balance and oil inventories low.

December 26, 2021

Reports about mild severity of omicron likely to support oil markets

Oil markets performed better in November with a barrel of crude at $82 as compared to December’s marginally weaker performance at $74 per barrel.

Despite the difference, the price levels continue to stay firm and well supported remaining above $70 per barrel.

December 11, 2021

Drawdown of oil inventories likely in next few weeks

The fall of crude prices after hitting over $80 per barrel to below $70 is seen not perceived as based on fundamentals but the downturn is driven by sentiment.

December 04, 2021

Oil market to rebalance toward a surplus from February

Brent prices are averaging around $84 per barrel in November 2021, which is better than the levels seen in April 2020, when prices dropped to $20 per barrel.

November 13, 2021