OPEC Sees Oil Market ‘Well-Supported’ by Robust Demand

Bloomberg2022-01-18

Group’s optimism on omicron impact so far vindicatedCartel added only part of the supply scheduled in DecemberThe recovery in fuel consumption has been largely unimpeded by the omicron variant ...

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Mom of 2
2022-01-18
Mom of 2
👍
- Mom of 2:
  Nice!
InvisibleP
2022-01-18
InvisibleP
Will oil price continue to rise?

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Brent futures topped $88 a barrel.</p><p>The Organization of Petroleum Exporting Countries said in its monthly report that the market’s strength will persist, even as central banks tighten monetary policy. Stockpiles are considerably below their five-year average, the group’s data show.</p><p>OPEC repeated its prediction from last month that “the impact of the omicron variant is projected to be mild and short-lived” -- a projection that has so far been vindicated.</p><p>The bullish outlook from OPEC’s Vienna-based research department ought to reassure the producers when they gather early next month.</p><p>OPEC and its partners -- a 23-nation alliance led by Saudi Arabia and Russia -- have been returning the output they halted during the pandemic in gradual installments.</p><p>Yet this too has been a bullish catalyst for crude markets as the coalition fails to increase at its planned pace, with a number of members hindered by under-investment and unrest.</p><p>In December, OPEC’s members added just 166,000 barrels a day, compared with a target of 250,000 a day, the report showed. Nigeria saw its output fall once again.</p><p>OPEC kept forecasts for global oil demand and supply this year largely unchanged from last month’s report.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC Sees Oil Market ‘Well-Supported’ by Robust Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC Sees Oil Market ‘Well-Supported’ by Robust Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-18 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-18/opec-sees-oil-market-well-supported-by-robust-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Group’s optimism on omicron impact so far vindicatedCartel added only part of the supply scheduled in DecemberThe recovery in fuel consumption has been largely unimpeded by the omicron variant ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-18/opec-sees-oil-market-well-supported-by-robust-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-01-18/opec-sees-oil-market-well-supported-by-robust-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145183275","content_text":"Group’s optimism on omicron impact so far vindicatedCartel added only part of the supply scheduled in DecemberThe recovery in fuel consumption has been largely unimpeded by the omicron variant Photographer: Toru Hanai/BloombergOPEC expects global oil markets to remain “well-supported” this year by robust demand, maintaining the confident outlook that has allowed the group to revive production.Crude prices climbed to the highest since 2014 in London and New York on Tuesday, with the recovery in fuel consumption largely unimpeded by the omicron variant while a range of disruptions restricts supply. Brent futures topped $88 a barrel.The Organization of Petroleum Exporting Countries said in its monthly report that the market’s strength will persist, even as central banks tighten monetary policy. Stockpiles are considerably below their five-year average, the group’s data show.OPEC repeated its prediction from last month that “the impact of the omicron variant is projected to be mild and short-lived” -- a projection that has so far been vindicated.The bullish outlook from OPEC’s Vienna-based research department ought to reassure the producers when they gather early next month.OPEC and its partners -- a 23-nation alliance led by Saudi Arabia and Russia -- have been returning the output they halted during the pandemic in gradual installments.Yet this too has been a bullish catalyst for crude markets as the coalition fails to increase at its planned pace, with a number of members hindered by under-investment and unrest.In December, OPEC’s members added just 166,000 barrels a day, compared with a target of 250,000 a day, the report showed. Nigeria saw its output fall once again.OPEC kept forecasts for global oil demand and supply this year largely unchanged from last month’s report.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7188700,"gmtCreate":1642514487101,"gmtModify":1642514487211,"authorId":4104019644985520,"author":{"id":4104019644985520,"authorId":4104019644985520,"name":"Mom of 2","avatar":"https://static.tigerbbs.com/6c4dd5527b1302befdc0a9fc81d3282c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697532996,"type":1,"supId":0,"prevId":0,"content":"Nice!","text":"Nice!","html":"Nice!"}],"langContent":"CN"},{"id":697597111,"gmtCreate":1642512953949,"gmtModify":1642512960969,"author":{"id":"3585470994468822","authorId":"3585470994468822","name":"InvisibleP","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Will oil price continue to rise?&nbsp;","listText":"Will oil price continue to rise?&nbsp;","text":"Will oil price continue to rise?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697597111","repostId":1145183275,"repostType":4,"repost":{"id":"1145183275","pubTimestamp":1642511675,"share":"https://www.laohu8.com/m/news/1145183275?lang=&edition=full","pubTime":"2022-01-18 21:14","market":"fut","language":"en","title":"OPEC Sees Oil Market ‘Well-Supported’ by Robust Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1145183275","media":"Bloomberg","summary":"Group’s optimism on omicron impact so far vindicatedCartel added only part of the supply scheduled i","content":"<html><head></head><body><ul><li>Group’s optimism on omicron impact so far vindicated</li><li>Cartel added only part of the supply scheduled in December</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/938a32c2505a4f19c23ebbce06274a6e\" tg-width=\"1000\" tg-height=\"666\" width=\"100%\" height=\"auto\"/><span>The recovery in fuel consumption has been largely unimpeded by the omicron variant Photographer: Toru Hanai/Bloomberg</span></p><p>OPEC expects global oil markets to remain “well-supported” this year by robust demand, maintaining the confident outlook that has allowed the group to revive production.</p><p>Crude prices climbed to the highest since 2014 in London and New York on Tuesday, with the recovery in fuel consumption largely unimpeded by the omicron variant while a range of disruptions restricts supply. Brent futures topped $88 a barrel.</p><p>The Organization of Petroleum Exporting Countries said in its monthly report that the market’s strength will persist, even as central banks tighten monetary policy. Stockpiles are considerably below their five-year average, the group’s data show.</p><p>OPEC repeated its prediction from last month that “the impact of the omicron variant is projected to be mild and short-lived” -- a projection that has so far been vindicated.</p><p>The bullish outlook from OPEC’s Vienna-based research department ought to reassure the producers when they gather early next month.</p><p>OPEC and its partners -- a 23-nation alliance led by Saudi Arabia and Russia -- have been returning the output they halted during the pandemic in gradual installments.</p><p>Yet this too has been a bullish catalyst for crude markets as the coalition fails to increase at its planned pace, with a number of members hindered by under-investment and unrest.</p><p>In December, OPEC’s members added just 166,000 barrels a day, compared with a target of 250,000 a day, the report showed. Nigeria saw its output fall once again.</p><p>OPEC kept forecasts for global oil demand and supply this year largely unchanged from last month’s report.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC Sees Oil Market ‘Well-Supported’ by Robust Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC Sees Oil Market ‘Well-Supported’ by Robust Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-18 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-18/opec-sees-oil-market-well-supported-by-robust-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Group’s optimism on omicron impact so far vindicatedCartel added only part of the supply scheduled in DecemberThe recovery in fuel consumption has been largely unimpeded by the omicron variant ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-18/opec-sees-oil-market-well-supported-by-robust-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-01-18/opec-sees-oil-market-well-supported-by-robust-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145183275","content_text":"Group’s optimism on omicron impact so far vindicatedCartel added only part of the supply scheduled in DecemberThe recovery in fuel consumption has been largely unimpeded by the omicron variant Photographer: Toru Hanai/BloombergOPEC expects global oil markets to remain “well-supported” this year by robust demand, maintaining the confident outlook that has allowed the group to revive production.Crude prices climbed to the highest since 2014 in London and New York on Tuesday, with the recovery in fuel consumption largely unimpeded by the omicron variant while a range of disruptions restricts supply. Brent futures topped $88 a barrel.The Organization of Petroleum Exporting Countries said in its monthly report that the market’s strength will persist, even as central banks tighten monetary policy. Stockpiles are considerably below their five-year average, the group’s data show.OPEC repeated its prediction from last month that “the impact of the omicron variant is projected to be mild and short-lived” -- a projection that has so far been vindicated.The bullish outlook from OPEC’s Vienna-based research department ought to reassure the producers when they gather early next month.OPEC and its partners -- a 23-nation alliance led by Saudi Arabia and Russia -- have been returning the output they halted during the pandemic in gradual installments.Yet this too has been a bullish catalyst for crude markets as the coalition fails to increase at its planned pace, with a number of members hindered by under-investment and unrest.In December, OPEC’s members added just 166,000 barrels a day, compared with a target of 250,000 a day, the report showed. Nigeria saw its output fall once again.OPEC kept forecasts for global oil demand and supply this year largely unchanged from last month’s report.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":3,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1145183275"}