22 Feb 2021

JBC in the Media - OPIS


Brent Futures, Options Build Long, Short Bets Ahead of OPEC+ Decision


"'We know March is going to be characterised by more of the same deep cuts, but what happens in April is still very much up for discussion,' said Denis Osborne, a senior energy market analyst with JBC Energy.

'The last thing OPEC+ members want is for the U.S. to ramp back up more quickly than them and steal market share, so there's a real chance we'll get some movement on OPEC+ production numbers. And that would not be good for crude fundamentals.' Osborne noted."