27 March 2013
Oil-market sentiment is on the turn
After pushing towards $120 a barrel in February, oil prices are fragile again. Macroeconomics, geopolitics, tepid demand and buoyant supplies are all beginning to weigh on Brent
March has provided the turning point for market sentiment in the past. Do not be surprised if it turns out to have been the same this year, too. In London on 21 March, Brent was trading just above $108/b. Despite the 10% drop since February’s highs, however, those levels still look pricey and vulnerable. Bad macroeconomic news is swirling across the world again. This is bad news for global energy consumption. “The macroeconomic environment underpinning oil demand, as of yet, shows little sign of short term improvement,” noted the International Energy Agency (IEA) last month. And remember the surprising rise in consumption seen at the end of 2012? It was, as some wise people thought at the ti
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
