empty
 
 

26.11.202111:19 Forex Analysis & Reviews: Oil is down 12%. Forecast say surplus will grow by 1.1 million b/d in 2022

Exchange Rates 26.11.2021 analysis

Saudi Arabia and Russia are reportedly planning to suspend their planned production increases, after the US and other energy-consuming countries said they would tap on their strategic reserves to lower gas prices. This is because OPEC believes that releasing oil reserves will boost supply on world markets.

And over the past 3 weeks, oil has already declined by 12%.

Exchange Rates 26.11.2021 analysis

OPEC relayed their projections a week before their next meeting for oil production.

Several delegates said they would reconstruct their plans for January if stocks halt in the US, but soared elsewhere.

Bloomberg also gave a forecast that there may be a surplus of roughly 1.1 million b/d in 2022 in the new year, 2.3 million in January and 3.7 million in February if 66 million barrels of oil are injected within two months.

OPEC members will meet on December 1 and 2 to decide whether to add 400,000 barrels a day in January.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2022
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.