And now commodity analysts at Standard Chartered have pointed out that oil markets are showing signs of disorientation in the face of the sheer volume of new policy positions by the Trump administration. According to StanChart, further disorientation is showing in the tendency of the market to stay close to familiar ranges; for example, front-month Brent has moved through $75.10 per barrel (bbl) on some point intra-day on 11 of the past 12 trading days. According to StanChart, were that ratio to be maintained, Europe will finish the withdrawal season with gas inventories at just 37.5 bcm; however, the analysts have predicted that the continent will finish the season with inventories at 40 bcm, leaving 65 bcm to be added by 1 November if the EU Commission’s 90% target is to be met.
Author: Alex Kimani
Published at: 2025-02-20 00:00:00
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