March may be a turning point as markets look fragile
March has provided the turning point for market sentiment in the past. Do not be surprised if it does this year, too
After pushing towards $120 a barrel in February, oil markets look fragile again. Macroeconomics, geopolitics, tepid demand and buoyant supplies are all beginning to weigh on Brent again. March has provided the turning point for market sentiment in the past. Do not be surprised if it does this year, too. In London on 4 March, Brent was trading above $110/b. Despite the 6% drop since February’s highs, however, those levels still look pricey and vulnerable. Bad macroeconomic news is swirling across the world again. As it trimmed its oil-demand growth forecast for 2013 last month, the International Energy Agency (IEA) nonetheless remained positive, noting improvements in the Chinese and US econo
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
