empty
 
 
Ön épp elhagyja a weblapot
www.instaforex.eu >
a weblap üzemeltetője a(z)
INSTANT TRADING EU LTD
Számlanyitás

06.10.202216:57 Forex-elemzések és áttekintések: OPEC decision disappoints the US

Ezeket az információkat marketingkommunikációnk részeként küldjük el lakossági és professzionális ügyfeleink számára. Nem tartalmaznak és nem tekintendők befektetési tanácsnak vagy javaslatnak, sem bármilyen pénzügyi instrumentummal való tranzakcióra vagy kereskedési stratégia használatára irányuló ajánlatnak vagy felkérésnek. A korábbi teljesítmény nem garantálja vagy jósolja meg a jövőbenit. Az Instant Trading EU Ltd. nem képviseli vagy garantálja a szolgáltatott információk pontosságát vagy teljességét, illetve nem felelős bármely, az elemzéseken, előrejelzéseken vagy a Vállalat munkatársa által adott információkon alapuló befektetések esetleges veszteségéért. A teljes felelősségkizárás itt található.

Exchange Rates 06.10.2022 analysis

OPEC has agreed to significant production cuts to keep oil prices high, prompting an immediate rebuke from the US. The group insisted that the move was necessary to protect the oil industry and their own economies from the risk of a global slowdown. The White House criticized this and said it would respond to the supply cuts.

As agreed on Wednesday, OPEC members and its allies will reduce their combined production by 2 million barrels a day starting November. Although outdated production benchmarks used to set caps mean that actual oil supplies will only drop by about half that amount, it's still the biggest cut since 2020 and risks adding another shock to the global economy.

This news caused WTI to jump 2.4%, reaching a two-week high of $93.96 a barrel.

Exchange Rates 06.10.2022 analysis

US officials have tried to thwart the production cuts, especially since President Joe Biden has long advocated for a boost in production in an attempt to lower oil prices. But because of the decision, the US will have to release another 10 million barrels of oil from the strategic reserve in order to protect consumers and promote energy security.

In addition to the cuts that will take effect in November, OPEC has extended its cooperation agreement until the end of 2023. Supply restrictions will remain in place until the end of next year if the market does not change. Several oil ministers said they were driven by a desire to increase investment in the oil industry to ensure sufficient supplies going forward.

The 2 million barrels per day reduction will be measured against the same baseline as previous OPEC agreements. Several member countries are already producing oil well below these levels as their oil industries face issues ranging from long-term underinvestment to international sanctions.

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Most elhagyja a www.instaforex.eu weblapot, amelyet az Instant Trading EU LTD üzemeltet
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off