Oil prices anticipate increase in production

Oil prices are sending mixed signals about the production-consumption balance in the second half of 2021 and early 2022, implying the market is currently tight but likely to see significantly more output in the near future.

In the physical market, Brent’s five-week calendar spread is trading around $1.50 per barrel, which puts it in the 93rd percentile for all trading days since 2010, confirming the market is currently short of crude.

Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play. 

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