Jinshi data news on July 29th, UBS Bank said that OPEC+ should have lifted some production restrictions in the next quarter, but weak demand, sufficient supply in the Americas, and the decline in energy prices have increased the possibility of this measure being affected by latency. Coupled with the escalation of tensions in the Middle East over the weekend, we can see support for oil prices.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Credit Suisse: OPEC may postpone planned production increase measures
Jinshi data news on July 29th, UBS Bank said that OPEC+ should have lifted some production restrictions in the next quarter, but weak demand, sufficient supply in the Americas, and the decline in energy prices have increased the possibility of this measure being affected by latency. Coupled with the escalation of tensions in the Middle East over the weekend, we can see support for oil prices.