Oil Price Forecast from MS

[dan_s]

Martijn Rats, CFA – Morgan Stanley
June 7, 2018 10:34 AM GMT

Martijn Rats is head of the European Oil & Gas Research team and lead analyst on key stocks including Royal Dutch Shell, BP, Total and Eni. He is also the strategist for Morgan Stanley Research’s oil price forecasts.

Raising Oil Price Forecast to $90/bbl for Brent

"Crude and product stocks rose for a third week, driven by product stocks as refineries globally come back from maintenance. The recent builds have taken crude stocks back to the 5Y average. Light products, including gasoline and propane, drove the build in oil product stocks. The charts below summarise all oil inventory data that are available on a weekly basis for the US from EIA, Japan from PAJ, Antwerp-Rotterdam-Amsterdam (ARA) region from Genscape and PJK, and Singapore from IE. Also see: The Coming Scramble for Middle Distillates."

If you would like to see his full report with lots of interesting charts that show how tight the global oil market really is, send me an email at dmsteffens@comcast.net

PLEASE do not email to Sabrina, she does not have these reports.