Laden…
ING reports that OPEC+ extended its additional voluntary cuts and laid out plans to ease them gradually from the fourth quarter of 2024. The group also rolled over about 2 million barrels per day of group-wide cuts through the end of 2025.
ING expects the market to stay in deficit for the rest of 2024.
A market deficit through 2024 supports crude prices and keeps energy costs firm for feed and biofuel supply chains. The gradual unwinding of cuts from late 2024 limits how much prices can rise.
think.ing.comWarren Patterson3 jun 2024Na 442 eerdere opwaarts beleid-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan +1,4% over 5 sessies (60% hoger; middelste helft -2,0% tot +4,9%), en +2,1% over 20.
Na 438 eerdere opwaarts beleid-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan +0,9% over 5 sessies (61% hoger; middelste helft -2,2% tot +4,6%), en +2,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
ING's summary of the OPEC+ outcome describes the gradual easing of cuts from Q4 2024, which is the supply-side catalyst for the selloff, partly offset by the extension of group-wide cuts.
