Oil: Supercycle may not be off, but outlook constrained by ongoing additions to global spare capacity – TDS
11.08.2023, 14:27

Oil: Supercycle may not be off, but outlook constrained by ongoing additions to global spare capacity – TDS

Is the Oil supercycle still on? Economists at TD Securities analyze crude prices outlook.

Oil markets to remain range-bound at elevated prices for some time

Recent energy supply trends are still corroborating our view that the West is losing control over commodity supply, but developments to global spare capacity have likely flattened the right tail for energy markets over the coming year. Initially, this is likely to cap the upside to long-dated Brent prices but also decreases the risks of a sustained runaway rally in spot crude prices above $100/bbl over the medium-term. 

The supercycle may not be off, but the outlook is constrained by ongoing additions to global spare capacity, such that substantial price gains are likely to unleash additional supply. However, Gulf nations have managed to increase their control on global spare capacity, suggesting that the group of producers can continue to engineer a tighter market without fear of significantly losing market share to competitors.

Instead of offering structural tailwinds to prices from an evaporating pool of spare capacity, oil markets are more likely to remain range-bound at elevated prices for some time. 

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik