External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Even after the announcement of OPEC+ to release additional 0.137 mb/d for October, the geopolitical uncertainty associated to additional sanctions on Russia and Iran, lower interest rates, and strategic stockpiling have been putting a floor on prices.</li><li>Brent prices have been hovering between 65 and 70 $/b since the beginning of August.</li><li>Meanwhile, main agencies have emphasized their expectation for a glut in the coming months driven by a combination of slower demand growth and an increase in supply by both OPEC+ and Non-OPEC+ suppliers. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Even after the announcement of OPEC+ to release additional 0.137 mb/d for October, the geopolitical uncertainty associated to additional sanctions on Russia and Iran, lower interest rates, and strategic stockpiling have been putting a floor on prices.Brent prices have been hovering between 65 and 70 $/b since the beginning of August.Meanwhile, main agencies have emphasized their expectation for a glut in the coming months driven by a combination of slower demand growth and an increase in supply by both OPEC+ and Non-OPEC+ suppliers. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oil market monitor - Glut looms while tensions keep prices afloat