Independent Price Reporting Agency, QC Intel

Quantum Commodity Intelligence

We are an independent price reporting agency (PRA) providing price assessments, original news and trade data for the global energy transition markets. 

Our mission is to bring greater transparency to these rapidly developing markets, powering transactions and helping the world to decarbonize as efficiently as possible.

Independent Price Reporting Agency

QC Intel

We are an independent price reporting agency (PRA) providing price assessments, original news and trade data for the global energy transition markets.

Our mission is to bring greater transparency to these rapidly developing markets, powering transactions and helping the world to decarbonize as efficiently as possible.

Commodities

<ul><li>Crude oil futures were under pressure again on Tuesday with the December retreat seeing prices challenge the lowest levels since 2021, as the glut narrative increasingly takes hold.</li><li>Front-month Feb26 ICE Brent  futures were trading at  $58.86/b (2023 GMT) versus Monday's settle of $60.56/b, while Jan26 NYMEX WTI  was at  $55.21/b against a previous close of $56.82/b.</li><li>Sentiment has been decidedly downbeat since last week when the IEA flagged a surplus of 3.8 million bpd next year, despite it being a slight reduction from the record 4 million bpd projected in its previous report.</li></ul>

Crude oil futures were under pressure again on Tuesday with the December retreat seeing prices challenge the lowest levels since 2021, as the glut narrative increasingly takes hold.Front-month Feb26 ICE Brent  futures were trading at  $58.86/b (2023 GMT) versus Monday's settle of $60.56/b, while Jan26 NYMEX WTI  was at  $55.21/b against a previous close of $56.82/b.Sentiment has been decidedly downbeat since last week when the IEA flagged a surplus of 3.8 million bpd next year, despite it being a slight reduction from the record 4 million bpd projected in its previous report.

Oil futures: Brent at post-pandemic lows amid glut narrative

Crude Oil

Oil futures: Brent at post-pandemic lows amid glut narrative