Saxo Bank: Global inventory depletion can absorb the UAE’s increase in the short term, but threatens OPEC's ability to regulate in the long term
- Ole Hansen from Saxo Bank stated that in the short to medium term, given the significant depletion of global inventories and the need to rebuild reserves, the market should be able to absorb the additional crude oil supply from the UAE.
- However, over time, the UAE’s exit has triggered a broader strategic issue: if other oil-producing countries begin to prioritize market share over quota discipline, OPEC’s ability to manage an orderly market through coordinated supply adjustments will become increasingly doubtful.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer Calls Ralph Lauren Stock Top Apparel Pick Before Thursday Earnings
Yardeni Says Analysts Still See S&P 500 Earnings Near $500 Per Share by 2028
US stock contracts related to AI cloud computing infrastructure collectively fell over the past 24 hours
Northland: The transaction between Mawell Technology and Lumentum highlights the scarce value of InP devices, benefiting related U.S. concept stocks
Northland Capital Markets has upgraded the ratings of Coherent and Applied Optoelectronics following MaxLinear's acquisition of Lumentum.
Crypto prices
More
