Onyx Research Associates Mita Chaturvedi and Vincent Wu join Group Head of Research Harry Tchilinguirian to discuss price direction and technical analysis in the oil market over the last week. 

It's International Energy Week, and the team talk key takeaways so far. They explore major market drivers, including potential Trump tariffs and sanctions on Iran and Venezuela, the evolving Russia-Ukraine situation, and shifting global oil flows. With Brent sitting around $73.30/bbl, the team examines volatility, OPEC+’s potential response, and China’s role in Iranian crude purchases. 

The team also discuss refining challenges - particularly Nigeria’s Dangote refinery - and the impact of possible U.S. tariffs on Canadian and Mexican oil. Finally, they give their forecasts for where Brent will sit at the end of Q1.

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