RAPIDAN GLOBAL OIL SERVICE CONTENT

November 2024

October 2024

September 2024

240930_GOS Weekly Calendar

240930_Bullish final readings for July US oil demand as EIA revises higher and now shows healthy y-y growth

240929_Iran and Allies Are Cowed and Unlikely (70_ Odds) to Trigger Near-Term Energy Disruptions, But Markets Remain Complacent on Geopolitical Risk

240927_GOS Weekly Bullets

240926_Not buying this morning’s Financial Times report that Saudi Arabia is abandoning a $100 price target and intends to increase production – perhaps beyond just tapering – to grow market share

240925_Libyan stakeholders are confident that an agreement to resolve the Central Bank crisis is imminent and would quickly restore ~0.7 mbd of disrupted crude production

240923_GOS Weekly Calendar

240920_GOS Weekly Bullets

240916_A new and sharp upside risk to our 40_ odds of an Israeli ground incursion into southern Lebanon threatens to temporarily cause crude to rally on Iran contagion risk

240913_Delayed Group of Eight tapering, Libyan disruptions, and Iraqi compliance adjustments will reduce 4Q24 net OPEC Plus supply by nearly 0.6 mbd

240910_OPEC’s Monthly Oil Market Update Highlights & Summary Tables – September 2024

240910_EIA’s Monthly Oil Market Update Highlights & Summary Tables - September 2024

240909_GOS Weekly Calendar

240907_Iraq to Cut Production by ~0.1 mb d Under Pressure From OPEC Plus and Will Look to Paper Over the Remaining 0.3 mb d Needed for Full Compliance

240906_GOS Weekly Bullets

240905_Downplay risk that courts shut down up to 1.8 mbd of Gulf of Mexico (GoM) production on December 20

240904_Group of Eight OPEC Plus members likely to delay planned tapering (70_ odds) following yesterday’s 4.5_ pullback in Brent

240903_UN reaches tentative framework agreement with Libyan stakeholders, shifting momentum toward a near-term deal (60% odds) that would quickly restore Libyan output to 1.1-1.2 mb_d and exports to ~0.9 mb_d

240902_GOS Weekly Calendar

240901_Libya restores some crude production to meet domestic consumption, but at least 0.6 mbd of exports are likely to remain shut in for several weeks

409_Rapidan Oil Market Report

August 2024