
Reuters sources say OPEC and its partners are preparing for a possible permanent drop in oil demand after the pandemic, alongside EV growth and renewables. Demand fell by as much as a third earlier this year and prices briefly fell below $16 a barrel.
OPEC officials are questioning long-held demand growth forecasts.
A structural decline in oil demand points to lower long-run energy prices, which reduces diesel and freight costs but weakens biofuel demand support for vegetable oils over time. The story itself does not move near-term prices much.
Setelah 312 peristiwa makro bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,7% selama 5 sesi (38% lebih tinggi; separuh tengah -5,4% sampai +2,3%), dan -1,7% selama 20 sesi.
Setelah 565 peristiwa makro bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -5,9% sampai +3,0%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.