Market news
13 tháng 11 2019
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14:59
OPEC Secretary-General Barkindo: Demand numbers for 2020 has potential for an upside swing
- Could see sharp supply fall in 2020 from U.S. shale output
- Fundamentals of global economy remain strong; there is no sign of a global economic recession
- Confident OPEC+ members will continue with their agreement in 2020
- Some U.S. oil companies see shale output growth in 2020 only up by around 300,000-400,000 bpd; that it is not as high as OPEC optimistic estimates
- Saudi authorities have reassured US that Aramco IPO won't affect kingdom's role within OPEC as the biggest producer
- No one in OPEC+ wants to return to where we came from during oil prices downturn
- The Aramco IPO won't affect Saudi Arabia's participation in supply adjustments to ensure oil market stability
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02:30
Commodities. Daily history for Tuesday, November 12, 2019
Raw materials Closed Change, % Brent 62.19 -0.35 WTI 56.7 -0.19 Silver 16.78 -0.24 Gold 1458.074 0.2 Palladium 1698.95 0.82 -
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