• Oil prices to rise in the second half of this year on supply disruption risks - ANZ

Noticias del mercado

11 julio 2019

Oil prices to rise in the second half of this year on supply disruption risks - ANZ

  • OPEC+ is sticking with its production cuts deal.

  • Production is falling in Iran and Venezuela and risk of supply disruptions is rising in the Middle East.

  • Together these should see the oil market balance tightening in H2 2019.

  • US shale companies have been pulling back on drilling, could limit growth in output from shale in near term.

  • Slowing global economic growth will still see demand growing more than 1mb/d.

  • We believe the market's focus will soon shift from a focus on softer demand to looking at supply disruption risks. This should see prices back above USD70/bbl in H2 2019.

Enfoque del mercado
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