Brent Trades in $64/bbl Handle
Mar’26 Brent traded in $64/bbl. Lukoil asset sale deadline extended, Dardanelles reopened, US manufacturing data
4 page report
Expected Refiner Hedging Across the Board
Oil prices wobble as cracks diverge and geopolitics fade, with data pointing to refiner hedging
Published: January 8, 2026
9 page report
Geopolitics dominated the newscycle but has been tentatively shrugged off by the market. The US government said on Wednesday it will call the shots on big decisions in Venezuela and control its oil sales indefinitely after ousting President Nicolás Maduro.
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