Watch: OPEC oil prices are more vulnerable than ever

February 19, 2018 8:00 am


Nasdaq Lead Energy Analyst Tamar Essner discusses OPEC output cuts and the energy markets. She speaks on “Bloomberg Daybreak: Australia.”

So many things are impacting OPEC oil prices, including stocks performance, Dollar strength, Shale, and Geo-politics.

So which of these have a direct link to oil?

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“Because the underlying fundamental picture has gotten tighter, the OPEC output cuts have been affected,” said Essner.

“Global inventories have been reduced by more than half, leading to a balance between supply and demand, and as such the oil markets will be more prone to headlines, such as US Dollar, US shale, and Geo-politics.

She added that geo-politics will play a larger role in the future because there isn’t that supply cushion anymore.

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Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.