OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 12/07/23

2023-12-07 00:11:00 ET Summary For all the talk of recession, oil demand has held up relatively well. Although falling demand played a role in the recent oil rout, upside surprises in US and OPEC+ production in addition to speculators selling oil futures en masse are to blame. ...

2023-12-05 04:07:00 ET Summary The outlook for the oil market largely depends on OPEC+ policy. The group continues to hold a large amount of supply from the market in order to support prices. We believe this will continue in 2024, but there are clear risks. By ...

2023-12-05 00:10:00 ET Summary October’s numbers did not look good, but November picked up momentum and December may be better, so fourth-quarter GDP may come in better than first feared. Two big international energy-related meetings opened last Thursday – a delayed ...

2023-11-30 22:55:00 ET Summary Further oil supply cuts were agreed at yesterday’s OPEC+ meeting, which should fully erase the surplus in 1Q24. However, the market was still left disappointed. Nigeria’s production target was raised from 1.38MMbbls/d to 1.5MMbbls/d. Ho...

2023-11-29 23:00:00 ET Summary In sharp contrast to other European and US indices, the UK’s FTSE has spent much of November in consolidation mode, keeping inside the range from the month before. The UK is currently facing challenging times, characterized by sluggish inflati...

2023-11-28 09:07:00 ET Summary The oil market is in a state of healing, after a disastrous month where a number of negative factors pushed prices down in unison. These dynamics; seasonal weakness in demand, speculative selling, producer hedging, an oversupply of gasoline in additi...

2023-11-28 03:22:00 ET Summary July Non-OPEC oil production increased by 520 kb/d to 52,245 kb/d and is up 1,706 kb/d from May. From August 2023 to December 2024, oil production in Non-OPEC countries is expected to increase by 1,105. World without the US oil output in July dec...

2023-11-26 11:45:11 ET Summary Oil price volatility will be heightened until OPEC+ decision time. Fundamentally, the oil market doesn't require an additional cut, but we think OPEC+ will announce an additional coordinated cut. In the meantime, the oil market healing process is...

2023-11-25 01:45:00 ET Summary The transition to a low-carbon economy has emerged as a key player in the 5 mega-forces that the BlackRock Investment Institute has been outlining for us in recent episodes. We see that alongside the future of finance, the advent of digital technolog...

2023-11-21 03:58:00 ET Summary Why gold prices could hit new highs in 2024. What coming rates cuts could mean for gold. Has US economic growth peaked? Implications for gold. The price of gold has been benefiting from expectations the U.S. Federal Reserve may be done ...