Bloomberg: Bloomberg Markets Asia
4/24/2024 3:23am
... around, there's spare capacity sitting in opec. saudi arabia can respond with that spare to his the if required. of course, they've been very much sitting on their hands with respect to any movements of increasing capacity. ...
Bloomberg: Bloomberg Daybreak Europe
4/22/2024 5:20am
... saudi arabia is very much leading from the front. it tries to always get the group together in terms of cohesion. overall opec compliance remains high and definitely people have been talking about 50%, it is well above that. tom: at what level does the ...
Bloomberg: Bloomberg Daybreak Europe
4/22/2024 5:20am
... discipline there within opec+? are they holding the line on these cuts? amrita: opec-plus as a whole, yes, there will be a few countries -- there is always a few culprits where compliance slips from time to time but ...
Bloomberg: Bloomberg Markets Asia
4/22/2024 3:17am
... went up some but has come back down. we have supply excess capacity in saudi arabia. we have non-opec countries putting more oil on the market. there are other supply sources that can buffer the shocks. ...
Bloomberg: Bloomberg Daybreak Asia
4/22/2024 0:41am
... came back down. we have excess capacity in saudi arabia. non-opec countries putting more oil on the market. there are other saw -- supplies _ ...
Bloomberg: Bloomberg Surveillance
4/19/2024 11:13am
... season -- we do expect it as the voluntary cuts from opec-plus is dial back. i think that will be gradual and demand will remain strong. that should help oil prices stay ...
Bloomberg: Bloomberg Surveillance
4/19/2024 11:12am
... we're seeing strong demand from oecd countries. we think the country -- we think russia will shift attention -- we are expecting a higher compliance from opec-plus production cuts. production in the u.s. seems to ...
Bloomberg: Bloomberg Surveillance
4/19/2024 10:11am
... seeing the rally we had overnight on brent and the fact that it has full back to where it is, i think you are looking at a consolidation trade in the mid to low 80's. i would expect we would stay somewhere in this range. you're looking at opec-plus. ...
Bloomberg: Bloomberg Markets Asia
4/19/2024 3:41am
... do it prices will go above 100 dollars. keep watching opec-plus. coming up, the world's biggest election gets underway in india. we get insights on what is at ...
Bloomberg: Bloomberg Markets Asia
4/19/2024 3:39am
... production would go down by a million barrels per day. opec-plus has extended production. how much longer will that persist given that saudi arabia ...
Bloomberg: Bloomberg Markets Asia
4/19/2024 3:35am
... price will hit $100 a bet barrel. political risk, there is no big political risk to the market because opec was has 6 million barrels spare capacity. overnight they can increase ...
Bloomberg: Bloomberg Markets Asia
4/19/2024 3:35am
... added, the prices would rise to $98, maybe $100 the second half of the year and then opec-plus has to decide to wait. if they do not put volume in the ...
Bloomberg: Bloomberg Markets Asia
4/19/2024 3:34am
... brent is the ceiling now but it depends on who you ask. everyone has a different look at it. opec-plus has tighten the market by cutting barrels from the market through the next few months to the end of the second quarter. ...
Bloomberg: Bloomberg Surveillance
4/17/2024 12:41pm
... inflation forecast for the headline. this is a case of insufficient supply and emerging demand. we are heading into the peach driving season in the u.s. in the meantime opec-plus has pulled back on production. in the u.s. we are having issues ...
Bloomberg: Bloomberg Surveillance
4/15/2024 10:38am
... that would lead to price appreciation as well. annmarie: when you look for a place for opec to step in, at what price point d think it would be willing to add more supply? in the mid-90's, upper 90's, ...
Bloomberg: Bloomberg Daybreak Europe
4/15/2024 5:17am
... opec slowly releasing those barrels over the end of the year but that geopolitical question is wide open. tom: fantastic analysis on these oil markets and the reaction to the conflict. coming up, analysis on what next ...
Bloomberg: Bloomberg Daybreak Europe
4/15/2024 5:16am
... they need to bring into the market. longer-term, traders will be watching just that, when does opec come back to the market and release those barrels? that will affect the balance towards the end of the year. on a fundamentals basis, we see ...
Bloomberg: Bloomberg Daybreak Europe
4/15/2024 5:16am
... have got a healthy market with the demand going better than people expected. at least reaching the same levels it did last year. we have a good supply situation with lots of new oil from the u.s., ghana and brazil. and we have opec still cutting. they have spare capacity that ...
Bloomberg: Bloomberg Markets Asia
4/15/2024 3:21am
... require a couple of things to happen. first of which, saudi or the opec+, decides not to release some of their voluntary production cuts. they are sizable because between ...
Bloomberg: Bloomberg Surveillance
4/12/2024 10:32am
... the ability to switch on the taps quickly. is saudi's excess capacity. if opec+ wants to about their friends in the white house, i don't know if that is the kind of alliance they have. lisa: we have two oral experts ...
Bloomberg: Bloomberg Surveillance
4/12/2024 10:32am
... december and then potentially it fades away. manus: that is political was in here. driving season is coming, gas at four dollars per gallon. as you go toward the election, that is going to be critical. you have opec+ in their ability, ...
Bloomberg: Bloomberg Daybreak Asia
4/10/2024 0:25am
... session, given we had an oil inventory report showing rising u.s. stockpiles. opec and iea will release their report this week which will give us a sense of supply and demand pressures this year. ...
Bloomberg: Bloomberg Surveillance
4/9/2024 11:24am
... address itself? is that the way you would view things as a policymaker, from outside looking in? stuart: oil has been tricky the last 12 or 18 months. if you told me you would have russia-ukraine war, opec cutting ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:47pm
... processing. what you see is refineries not benefiting much from demand growth. now i will also say opec-plus will continue to keep supply constraints. so costs would remain elevated. ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:46pm
... per barrel. assigning probabilities to each scenario can give us a fair estimate of where prices could be. the point is even if opec-plus unwind did its cuts, brent ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:45pm
... compared to last year, when prices reached $85 per barrel. should opec-plus roll over its voluntary cuts into the second half of this year, crude oil market would become very tight. brent prices could be above $100 ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:45pm
... would roll over production cuts in the second half of this year. even if opec-plus were to wind up cuts in the second half, the crude market will be tighter in the second half of this year ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:45pm
... mexico refinery, just to name a few. if you layer that on top of the significant opec-plus cuts, we get an overheated market. how overheated the market will be in the second half of the year hinges on whether opec-plus ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:44pm
... climbing by one quarter of 1%. 86 .65 a barrel. let's take a closer look at oil. it is in focus, rally taking a breather on using geopolitical friction. traders are awaiting opec market ...
Bloomberg: Bloomberg Daybreak Australia
4/8/2024 11:07pm
... long as oil is above 80. we think is likely that energy can remain above 80. until opec-plus decides to turn on the jets. ...
Bloomberg: Bloomberg Surveillance
4/8/2024 12:22pm
... prices go. if opec increases production at the june meeting, less likelihood they will drain the spr. they will not refill it until it is below $75 a barrel, but it opec increases production, i ...
Bloomberg: Bloomberg Surveillance
4/8/2024 12:18pm
... this but it is a prevailing element amongst the american electorate. if the $90 stays, it could become a problem. opec is going to have a very, very hard time resisting the ...
Bloomberg: Bloomberg Daybreak Europe
4/8/2024 5:21am
... in terms of geopolitical, we were a level of $72 per barrel in december. 90 is a level that opec-plus is likely to want to maintain. around which the price can ...
Bloomberg: Bloomberg Daybreak Asia
4/8/2024 0:47am
... that has an obvious read through . you have ongoing difficult is about russian crude supplies. you have venezuelan supplies. opec-plus is seeking to curb ...
Bloomberg: Bloomberg Daybreak Asia
4/8/2024 0:02am
... watching brent crude up gains. using below $90 a barrel but a lot of issues on the supply side. opec-plus production curbs and ...
Bloomberg: Bloomberg Daybreak Australia
4/7/2024 11:54pm
... opec-plus maintaining curbs and mexico cutting exports. venezuela is a potential new target for sanctions demand starts to ramp up. ...
Bloomberg: Bloomberg Markets
4/5/2024 2:20pm
... revolves around geopolitical concerns and things like opec. if i look at the crude oil futures, that is pretty much the textbook double bottom. we are getting back to the $90 level, which proved to be a problem before. the key is, if it breaks through ...
Bloomberg: Bloomberg Surveillance
4/5/2024 12:09pm
... about five dollars or so are attributed to, you know, geopolitical risk premium. oil prices we don't think will be sustainably over $100. the reality is there is excess capacity right now, particularly coming from opec. ...
Bloomberg: Bloomberg Markets Asia
4/5/2024 3:05am
... capacity. if we see oil prices heading towards $100 per barrel with elections in the u.s. coming over, i think there would be reasons for opec-plus to reconsider those cuts that they have in their production right now. so yes, i mean, it certainly is ...
Bloomberg: Bloomberg Markets Asia
4/5/2024 3:04am
... so for them, it's not really a problem. it is certainly a bigger problem for the eurozone if we continue seeing oil prices go up from here. fundamentally speaking, the opec-plus cuts we have seen are actually voluntary cuts. they still have a lot of spare ...
Bloomberg: Bloomberg Daybreak Australia
4/4/2024 11:08pm
... brent towards 100 is another headwind and more demand destruction at the main opec are going to continue to control the supply narrative. we like the overweight energy and a general which includes lng. ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:40am
... will be, i don't know. this could be pressure from other members of opec in particular thinking of the united arab emirates to avoid overheating. also opec's interest to release ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:39am
... if opec keeps the production as it is now then we will move our prices higher towards that 90 to $100 range. annmarie: if you are amos hochstein and jim to the ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:39am
... people even higher than that. so the demand is there. american oil production goes rogue this year. we will need a bit of extra production from opec into the second year if we want prices to come down. ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:38am
... are we inferring here based on pricing where it is that u.s. oil production cannot offset some of the cuts that we are likely to see ongoing with the opec-plus members? javier: it's clear american oil production will increase at the ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:38am
... five or 10 years ago. i need to adjust prices for that inflation. this is fascinating especially at a time u.s. oil production really overwhelmed any supply cuts we saw out of opec-plus and created lower prices. ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:36am
... $100 and they are pushing for it. i've argued opec will have to trade a bit of pain in terms of lower prices, perhaps 75 or $80 and production starting in this quarter but opec use the ...
Bloomberg: Bloomberg Surveillance
4/4/2024 11:36am
... caters to what they think american tastes are. maybe not, let's turn to this. brent coming within a penny of $90 a barrel on the heels of opec reaffirming supply cuts and amid rising geopolitical tensions and increasing demand. ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:33am
... every day this week it has done that. 2300 dollars an ounce it smashed through. and brent 89 barrels or barrel. we have been discussing opec-plus sticking to supply cuts but also factoring in the ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:31am
... brent crude floats with $90 a barrel, as opec+ sticks with supply cuts through june. janet yellen goes to beijing, the treasury secretary warns against decoupling from china but says trade must be on a level playing field. welcome to thursday. ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:26am
... world. mexico reducing their exports of have your crew to refineries. that's going to cause -- heavier crude to refineries pre-that's going to cause an issue. at the opec+ meeting yesterday, they reaffirmed that they have ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:25am
... coming into the new year, i'm sure i was sitting in this chair in december saying everything was looking bearish for 2024. but opec-plus has come through. they have had their cuts. they were expecting some froth in the market, so they carried ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:25am
... forecast, so we will be hitting $100 as well. lizzy: j.p. morgan's head of global commodity strategy. no surprises, opec-plus sticking to supply cuts, despite crude prices at almost $90 a barrel in london. the highest of this year. ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:03am
... after the opec-plus meeting sticking with the current supply cuts. could we see $100 a barrel by the late summer? jp morgan says yes. we will dig into all of that throughout the program. let's get over to asia now. we've got lots of holidays ...
Bloomberg: Bloomberg Daybreak Europe
4/4/2024 5:01am
... lizzy: oil rolls on, brent crude flows with $90 a barrel as opec+ sticks with supply cuts through. janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from ...
Bloomberg: Bloomberg Markets Asia
4/4/2024 3:42am
... once we start hitting $100, that is when joe biden starts calling you. gasoline prices are rising, and not just joe biden. it is the customers in asia as well. when you look at what opec-plus ...
Bloomberg: Bloomberg Markets Asia
4/4/2024 3:41am
... june. they must like the process where they are. opec-plus has to play a very delicate game. they want prices above $85, they want saudi arabia to balance their budget and then push forward. ...
Bloomberg: Bloomberg Markets Asia
4/4/2024 3:40am
... you look at the whole opec-plus situation, they have not been doing the best job at doing it. iraq has also been producing pretty strongly. there is also the question that ...
Bloomberg: Bloomberg Markets Asia
4/4/2024 3:39am
... at with skepticism. but clearly what is happening is opec-plus has continued cuts. they moved millions of barrels and extend that -- extended _ ...
Bloomberg: Bloomberg Markets Asia
4/4/2024 3:00am
... likely this year despite strength in the u.s. economy. oil extends its rally with opec-plus, also ahead, we're live to taipei for an update on earthquake recovery efforts as ...
Bloomberg: Bloomberg Daybreak Asia
4/4/2024 0:35am
... becausepeck supply is so-con trained at the market. most of the oil was coming from opec suppliers last year. that recount does suggest that the output growth is going to be ...
Bloomberg: Bloomberg Daybreak Asia
4/4/2024 0:35am
... months, i expect to see opec production fall even further. the market is looking a lot tighter this quarter than i think a lot of people were expecting so in the shorter term we could certainly see prices higher. ...
Bloomberg: Bloomberg Daybreak Asia
4/4/2024 0:34am
... the spare capacity within opec itself does create a bit of a constraint on prices and i think for us going over $100 a barrel for any length of time is probably unlikely but in saying that, they came out of the joint ...
Bloomberg: Bloomberg Daybreak Asia
4/4/2024 0:03am
... reasons for that also unsurprising. rising tension in the middle east and opec surprising nobody when they said they were going to stick with supply cuts so those supply curbs will be in ...
Bloomberg: Bloomberg Daybreak Australia
4/3/2024 11:56pm
... commodities catching a bit. crude rising. opec reaffirmed its plan for production cuts and golds, 2300 an ounce. market opens in tokyo next. this is bloomberg. ...
Bloomberg: Bloomberg Daybreak Australia
4/3/2024 11:02pm
... in the early going. crude prices in focus. we did have -- crude prices rising at the moment. opec didn't make any change to output curves, that was very ...
Bloomberg: Bloomberg Daybreak Australia
4/3/2024 11:01pm
... opec plus sticks with current supply goods. haidi: taiwan's chipmakers are set to resume work after an earthquake caused maim damage. ...
Bloomberg: Bloomberg Surveillance
4/3/2024 12:31pm
... we heard from opec-plus and they seem happy with how things are developing. steady as it goes. they will continue to ratchet back supply and go after the cheaters and try to get them in line to make sure they are hitting the correct quotas. today was about supply when it ...
Bloomberg: Bloomberg Surveillance
4/3/2024 12:06pm
... just the geopolitical risk in the market but opec-plus not adding any more supply. they went a step further. those cheaters, come in line with what you agreed you would cut. we will have peak demand in the summer. are they going to have to come in and help support this ...
Bloomberg: Bloomberg Surveillance
4/3/2024 11:48am
... an update from opec-plus. they will stick with their supply because they planned for the first half of the year, keeping the pressure on. are they enjoying prices that are higher at a time when some of their companies are looking ...
Bloomberg: Bloomberg Surveillance
4/3/2024 11:21am
... american production, we will see a million or more. we will see u.s. export skyrocketing. we are in a very different market where reaction is faster than opec plus is reckoning. lisa: i'm thinking of a range, ...
Bloomberg: Bloomberg Surveillance
4/3/2024 11:18am
... that but you can't manage a market to that degree. the tricky thing about opec is they just had a seminar, and educational seminar that i think went very well. they had some of the most significant specialists on how ...
Bloomberg: Bloomberg Surveillance
4/3/2024 10:02am
... the bigger question might become a will that matter for gasoline prices because refineries. annmarie: months but potentially they could put pressure on opec-plus which is meeting today. ...
Bloomberg: Bloomberg Daybreak Europe
4/3/2024 5:33am
... as attention turns to opec-plus meeting at which we expect supply cuts to be confirmed. let's get to the taiwanese earthquake impacting markets in asia and other things with bloomberg's vonnie quinn in ...
Bloomberg: Bloomberg Daybreak Europe
4/3/2024 5:19am
... opec-plus meets online today and is expected to affirm its current output cut, but we have a chart on this, you can see opec is still producing above quota. there is room to cut and room ...
Bloomberg: Bloomberg Daybreak Europe
4/3/2024 5:19am
... sab's commodities team pointing out not a single drop of oil has been lost to recent events in the middle east, except for some rerouting around africa. what you have is a tight market and a steadfast opec-plus. ...
Bloomberg: Bloomberg Daybreak Europe
4/3/2024 5:03am
... chair, jay powell. he speaks later today. gold hitting all-time highs, and oil steady after yesterday's rally. all attention now on the opec-plus meeting later today. let's get back to the taiwan ...
Bloomberg: Bloomberg Daybreak Asia
4/3/2024 0:52am
... the rise. on the one hand, yes. opec plus is keeping their production steady. ...
Bloomberg: Bloomberg Daybreak Asia
4/3/2024 0:51am
... is there anything else that you are listening for out of this meeting? the opec plus meeting later today. the committee meeting which they are inspect -- expecting to rubberstamp to continue their cuts. what's been interesting so far ...
Bloomberg: Bloomberg Daybreak Asia
4/3/2024 0:51am
... is bullish. we will see where the market goes from here. paul: we've got an opec plus meeting later on today. they are expected to rubberstamp and extension of production curves. ...
Bloomberg: Bloomberg Daybreak Asia
4/3/2024 0:49am
... that a second trump presidency could change u.s. policy. haidi: look at how we are trading. the extension of the oil rally after we saw a report pointing to that drawdown in u.s. crude inventories. this comes ahead of an opec plus meeting. ...
Bloomberg: Bloomberg Daybreak Asia
4/3/2024 0:03am
... of course, tensions in the middle east helping to support the price there. opec plus meeting today where we are expected to see the policy on output curbs get reformed. let's take a look at what's going on in the treasury space as well. u.s. tech in japan. ...
Bloomberg: Bloomberg Surveillance
4/2/2024 12:22pm
... hadn't lost russian production. last year the second half we drew, but the first half we felt as well, so the overall draw was small. opec-plus is looking to draw down the excess inventory to make sure that the market is in balance and only then will they ...
Bloomberg: Bloomberg Surveillance
4/2/2024 12:21pm
... opec-plus, the uae, whoever you talked about, they are not targeting any specific price levels. for them the key is going to be to ensure that all the inventories that are built up, let's not forget we did have a built two years ago but we ...
Bloomberg: Bloomberg Surveillance
4/2/2024 12:21pm
... i'm looking at saudi arabia, united arab emirates. at what level can use the opec-plus led by them actually stepped in and add more supply to the market? amrita: soy think the one thing to keep in mind is that ...
Bloomberg: Bloomberg Surveillance
4/2/2024 12:07pm
... increase in supply for opec-plus, may be the fed feels a little uncertain about the path of inflation going forward. lisa: bear with me, but the data has been messy and people: alms in the road very frequently. simply because everyone has been looking to try to dismiss things ...
Bloomberg: Bloomberg Surveillance
4/2/2024 12:03pm
... what is the response and how much of a risk with the? but then you take a step back. we know that demand is picking up in china and opec-plus still has supply constraints. so three different movements within the oil market are all moving to stay bullish on oil. ...
Bloomberg: Bloomberg Surveillance
4/2/2024 11:33am
... which everyone is talking about, the greatest escalation since the killing of soleimani, this means there's going to be an upside to risk premium. then you look at the demand side, then you look at the supply side. opec-plus is not willing to step in right now and what you are ...
Bloomberg: Bloomberg Surveillance
4/2/2024 11:25am
... at the saying at a time where it's not clear how much more the u.s. can ramp up production how much can that serve as an offset if there some sort of major disruption. could put pressure on opec-plus to get more involved. busy critical meeting this week. ...
Bloomberg: Bloomberg Surveillance
4/2/2024 11:02am
... just keep going through the numbers repeatedly. commodities breaking out of the last few weeks. annmarie: you have three dynamics at play. opec-plus cutting production. we are hitting mexico is ratcheting back supply from their state-controlled oil ...
Bloomberg: Bloomberg Surveillance
4/2/2024 10:02am
... on the supply side opec is not willing to add more supply to a market that clearly needs it. lisa: it's been sort of a creeping cloud and now the reasons people are giving to it at what point does this become a problem. it's also chocolate, it's not ...
Bloomberg: Bloomberg Daybreak Europe
4/2/2024 5:39am
... opec-plus, i mean saudi arabia -- once the oil market. they want prices above $80. if they go above $100, then you have gasoline prices rising around the world. customers knocking at your door. this seems to be the sweet spot, ...
Bloomberg: Bloomberg Daybreak Europe
4/2/2024 5:39am
... geopolitical risks, it's about supply cuts. when opec-plus meets tomorrow, what can we expect? stephen: we are going to expect them to keep the cuts in place. i don't think there are many people in the markets expecting a surprise. this is where opec-plus -- by _ ...
Bloomberg: Bloomberg Daybreak Europe
4/2/2024 5:37am
... the region. that has been the story for the last six months. what is really driving the oil market now is playing fundamentals. you look at what opec-plus is doing, they have cut back in cap ...
Bloomberg: Bloomberg Daybreak Asia
4/2/2024 0:15am
... israel is not claiming responsibility but that is threatening to ratchet up tensions in the middle east in the middle east and their conflict around gaza. we have the opec-plus meeting this week, where we are expecting the cartel to carry on with some of its production curbs. we are seeing the ...
Bloomberg: Bloomberg Markets
4/1/2024 2:39pm
... oil is also up now ahead of an opec meeting later this week. our two year yield is higher yields rising across the curve maybe on the back of some of that strong ism manufacturing ...
Bloomberg: Bloomberg Surveillance
4/1/2024 10:32am
... you are seeing a pickup in china. opec has been ratcheting back production. we will get a meeting on wednesday where they will be four that we are keeping some of that production. ...
Bloomberg: Bloomberg Markets
3/28/2024 2:39pm
... 82.30 ahead of an opec-plus meeting. as we sought, positive u.s. data and economic at -- and gas jumping. amc entertainment entering into an equity distribution agreement talking about potentially selling up to 250 million class ...
Bloomberg: Bloomberg Daybreak Europe
3/26/2024 6:33am
... close to 1.5% on brent. $86 bound currently. opec-plus expected to continue to push those cuts they are meeting next week ahead of that. go continue to stay at around these record highs for gold. ...
Bloomberg: Bloomberg Daybreak Europe
3/26/2024 6:02am
... brent, $86 a barrel. it saw the biggest pop in prices , brent, yesterday in about a week. $86 a barrel. opec-plus, their decision as to whether or not to extend the cuts will continue to be in focus. go remains around these record ...