Choppy Supply News: Production Increase Postponed for the Time Being – Commerzbank
Upcoming Jobs Report Eyed as US Equity Futures Decline Pre-Bell
The analyst: OPEC+ delaying production increase will not change the oversupply situation next year.
September 6, Analyst Grant Smith stated that OPEC+ decided to delay the production increase plan, but this temporary measure cannot prevent the global market from being oversupplied in 2025.
Oil Prices on Track for Hefty Weekly Drop on Fears Over Demand
Core Inflation in Asean Countries Still Persistent, Says RHB Bank -- Market Talk
International oil prices fall below the alarm line! OPEC+ official announcement delays the current production reduction scale for another two months.
①OPEC announced on its official website that the eight countries participating in the "voluntary production reduction measures" have agreed to extend the plan by two months until the end of November 2024; ② Previously, consulting firm Energy Aspects pointed out that the recent weak demand has added to the possibility of OPEC+ delaying production increases.