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home / news releases / COM - OPEC+'s Big Bet And Unanswered Question


COM - OPEC+'s Big Bet And Unanswered Question

  • OPEC+ is celebrating the UAE disagreement didn't degenerate into a price-war but the costs are a big production increase anyway.
  • The most important question was not answered, that is how to maintain only +400K bpd per month through 2022 when baseline increases allow 1.6M in May 2022.
  • The USD has strong momentum and fundamentals right now while China and US yields are signaling slower global growth.
  • I find emerging market demand forecasts to be a particular problem for oil longs.

For further details see:

OPEC+'s Big Bet And Unanswered Question
Stock Information

Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE

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