2020-04-20 • Dikemaskini
Today, we are expecting decisions made about the global oil supply cut by the OPEC, the US, and Russia. Hence, it makes sense to throw a quick look at the OPEC in the context of the global oil market.
OPEC is a cartel consisting of oil-exporting countries: it defends the interests of those countries as they are mostly living on crude export profits. Currently, there are 13 countries. Geographically, most of them are located in the Middle East. Production-wise, the biggest outputs are also represented by that region, headed by Saudi Arabia.
OPEC takes 80% of proven oil reserves globally. Although Venezuela takes the first place, its external political and internal social-economic status will keep its reserves underground in the nearest future. For this reason, Saudi Arabia is a factual #1 in terms of reserves, capacities, and it’s a true leader of the OPEC at the moment.
In terms of the exports, the below map shows the relative strength of the cartel. Countries marked in green are those which are in the OPEC, and numbers correspond to the reported 2018 total oil exports of each state if it was more than 1mln bpd.
Source: OPEC
As you can see, the concentration of numbers in the Middle East and their relative weight in the total sum of the biggest oil producers leaves little doubt: the OPEC has a firm grip on the oil market. While the only few countries which may counter what Saudi Arabia says are the US and Russia (Canadian exports are all consumed by the US, Iraq is normally following suit with the KSA).
That’s why what will be agreed today at 15:00 MT time will define the oil market in the nearest future. Traditionally, OPEC’s meetings have been held in the Austrian capital city, but as the situation demands, it has to be done remotely. WTI already surged to $27 in hopes of positive outcomes of the meeting.
If the market doesn’t get disappointed and witnesses 10% of global oil supply sealed, oil prices will shoot up. Otherwise, they are likely to plunge in expectation for big troubles ahead.
Dua tahun ini, kita menyaksikan pergerakan harga minyak terbesar dalam tempoh 14 tahun, yang membingungkan pasaran, pelabur dan pedagang akibat ketegangan geopolitik dan peralihan ke tenaga bersih.
Selepas beberapa bulan menerima tekanan dari Rumah Putih, Arab Saudi mengalah dan bersetuju untuk meningkatkan pengeluaran bersama dengan ahli-ahli OPEC+ yang lain.
Pada hari Khamis, 2 Jun, Pertubuhan Negara-Negara Pengeksport Petroleum Plus (OPEC+) telah bersetuju untuk meningkatkan pengeluaran sebanyak 648,000 tong sehari (bpd) pada bulan Julai dan Ogos.
Fed mengumumkan pada hari Rabu bahawa ia membiarkan kadar dasar tidak berubah pada 5…
Jepun melangkah lebih dekat kepada campur tangan mata wang dengan amaran terkuatnya apabila yen merosot ke paras paling lemah dalam kira-kira 34 tahun berbanding dolar…
Sentimen pasaran yang memulih pada pembukaan dagangan awal minggu semalam telah menukar semula haluan pergerakan USD…
FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.
Permohonan anda telah diterima
Pengurus akan menghubungi anda dalam amsa terdekat
Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam
Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat
Masalah dalaman. Sila cuba sebentar lagi
Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!
|
