empty
26.02.2023 11:56 PM
Global oil market expects supply to fall and demand to rise

This image is no longer relevant

Oil prices were actively rising on Friday, all due to expectations of reduced supplies from Russia and increased demand in China.

Brent crude for April delivery added 0.73% at $82.81 a barrel on the London ICE Futures Exchange at 12:05 London time. As of 7:47 p.m. London time, it was already at $83.12.

The West Texas Intermediate (WTI) for April delivery rose by 1.15% to $76.26 a barrel on the New York Mercantile Exchange.

Investors ignored the change in U.S. oil inventory data released on Thursday. And the report of the Energy Information Administration showed that oil reserves rose by 7.6 million barrels last week. Analysts were expecting growth by only 2 million barrels.

The fact that since the beginning of the year, oil reserves have been significantly growing in the US speaks of the problems of its demand in the domestic market. The fall in demand is one of the harbingers of the coming slowdown in the U.S. economy. But, as we already noted, the oil market has not paid any special attention to this fact yet.

But the decision of the Russian authorities to reduce oil exports from Western ports in March has a much more significant meaning for the traders. According to statements of Russian officials, there are plans to cut the volume of crude exported from Russia by a significant 25%. The implementation of these plans may lead to a decrease in production by more than 500,000 barrels per day.

At the same time, the export of oil and fuel oil from Russia to China reached the highest level since April 2020 at 1.66 million barrels per day. Crude oil and condensate supplies increased to 1.52 million barrels. In addition to this, everyone expects an active recovery in the growth rate of the Chinese economy after the lifting of quarantine restrictions. At the same time, the discount policy of the Russian authorities can't help but please the Asian partners.

However, the Urals to Brent Crude Oil price difference may decrease in the near future due to the changes in the national legislation in terms of the mineral extraction tax and excise tax on oil. The proposed discount from April may go down from $34 to $25 per barrel.

There is speculation that the projected increase in the price of Urals oil could further cut hydrocarbon exports from Russia. If this assumption materializes, the volume of extracted oil will become even smaller, which may eventually result in a serious supply shortage on the world market. In other words, oil prices could rise significantly.

Andreeva Natalya,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Resumo de notícias do mercado dos EUA para 9 de abril

Os índices acionários dos EUA encerraram o pregão em queda após o anúncio da Casa Branca sobre uma nova rodada de tarifas sobre produtos chineses. As alíquotas podem chegar

Irina Maksimova 18:16 2025-04-09 UTC+2

Efeito dominó: tarifas dos EUA derrubam mercados; investidores fogem do dólar e dos títulos

Tarifas de Trump sobre a China geram temores de recessão Os títulos do Tesouro dos EUA e o dólar são atingidos pela liquidação, e os rendimentos sobem Ações europeias caem

Thomas Frank 18:14 2025-04-09 UTC+2

Previsões para o ouro: US$ 3.500, US$ 3.700 - até onde pode subir?

As previsões para o ouro estão se tornando cada vez mais impressionantes em todos os sentidos, com analistas praticamente competindo entre si para estimar até onde o metal precioso pode

Larisa Kolesnikova 15:24 2025-04-09 UTC+2

Resumo de notícias do mercado dos EUA para 8 de abril

A mais recente rodada de tarifas impostas pelo governo Trump está reformulando as expectativas econômicas. O Goldman Sachs agora projeta uma recessão nos próximos 12 meses, enquanto analistas do JPMorgan

Ekaterina Kiseleva 18:38 2025-04-08 UTC+2

Mercados em tumulto: Dow despenca, ouro sobe, Trump aumenta a tensão

Índices: S&P 500 caiu 0,23%, Nasdaq subiu 0,10%, Dow caiu 0,91% O S&P 500 continua oscilando à beira de um mercado em baixa Trump ameaça mais tarifas sobre a China

Thomas Frank 17:25 2025-04-08 UTC+2

Mercados em montanha-russa: Dow despenca, ouro reage e Trump mantém investidores em alerta

As mudanças nos índices de Wall Street nas últimas 24 horas: o S&P 500 caiu 0,23%, o Nasdaq subiu 0,10% e o Dow caiu 0,91%. O S&P 500 ainda

15:27 2025-04-08 UTC+2

Guerra comercial: S&P 500 despenca 3%, Nikkei 6% enquanto os investidores se preparam para o pior

Futuros de Wall Street abrem em forte queda Os investidores temem uma recessão nos EUA em meio à escalada da guerra comercial. Trump anuncia tarifas maciças sobre os principais parceiros

Thomas Frank 18:30 2025-04-07 UTC+2

Resumo de notícias do mercado dos EUA para 7 de abril

Em 7 de abril, os contratos futuros do índice S&P 500 se aproximaram do nível de suporte principal de 4.953. Manter-se acima dessa zona poderia abrir caminho para uma recuperação

Ekaterina Kiseleva 18:24 2025-04-07 UTC+2

EUA contra todos: Tarifas de Trump pressionam mercados globais, de Wall Street à Europa

Todos os três índices caem após anúncio de tarifas de Trump Apple lidera as maiores perdas no setor de tecnologia Ações de varejo caem com preocupações sobre tarifas asiáticas Medidor

Thomas Frank 17:35 2025-04-04 UTC+2

Resumo de notícias do mercado dos EUA para 4 de abril

Os mercados despencaram após o anúncio de novas tarifas de importação por Donald Trump, desencadeando uma liquidação generalizada nas ações dos EUA. O Dow Jones, o NASDAQ e o S&P

Ekaterina Kiseleva 17:27 2025-04-04 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.