Oil prices above $65/bbl prior to OPEC Meeting – Energy Flashback – Week 26

Oil prices were above $65/bbl last week, and a lot else has been going on in the week prior to the OPEC Meeting. Find our more by viewing our weekly video recap.

• Oil prices supported above $65/bbl as OPEC meets to confirm widely anticipated continuation of cuts.
• G20 gives some positive spin to US-China sanctions and North Korean relations.
• Stronger renewable output expected to temper prompt power pricing this week.
• Reaction to this week’s US non-farm payroll data for June is expected to be muted as the release day falls on July 5^th.
• Brexit continues to weigh on sterling with the Tory leadership election campaign in full swing.

Wayne Bryan

Wayne has been working in energy for 12 years, moving into consultancy after beginning his career with a major international energy supplier. Wayne holds an MA in International Finance and manages some of Alfa’s corporate flexible client contracts. He is currently responsible for several of Alfa Energy’s publications. He has also appeared in many news media in his capacity as energy analyst, most notably Reuters, Bloomberg, and the BBC, among many others.

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