S02 Ep09 Energy market update: OPEC+ cuts extended

--:--

Over the weekend OPEC+ announced that their cuts would be extended to the end of June, but this has not moved the market. Investec Head of Commodities Callum Macpherson discusses why OPEC+ did this and why has the market not reacted.

Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation of an offer, to buy or sell financial instruments. This podcast does not constitute a personal recommendation and is not investment advice.

4 Mar 2024 English South Africa Business

Other recent episodes

S04 Ep09 Energy Market Update: OPEC+ pauses output increases after modest supply adjustments

Several OPEC+ members agreed over the weekend to unwind a small portion of their additional voluntary cuts in December, while signalling a pause in further output increases until the end of March next year. The move, largely in line with expectations, suggests the group is prioritising market stability after recent…

3 Nov 3 min

S04 Ep08 Energy Market Update: Brent rebounds above $65/b

After briefly threatening to fall below $60/b last week, Brent crude has staged a strong recovery, climbing back above $65/b. The rebound reflects a shift in market sentiment, driven by new U.S. sanctions on Russian oil majors, easing trade tensions between the U.S. and China, and a broader improvement in…

27 Oct 3 min

IMF Special | Signals from Washington

From Washington to London, the balance between growth and stability remains razor thin. In this special Investec Focus Radio UK episode, host Jeremy Maggs is in conversation with Ruth Leas, CEO of Investec UK, following the IMF and World Bank meetings. They unpack the latest global growth forecasts, the persistent…

20 Oct 6 min

S04 Ep07 Energy Market Update: Brent crude briefly dipped below $60 per barrel last week - its lowest level since May.

Brent crude fell to $60.14/b on Friday, its weakest level since May, and remains below $61/b this morning. The selloff followed a break below key support at $65/b after Trump announced new 100% tariffs on China. Sentiment worsened as U.S. equities tumbled on reports of bank fraud linked to distressed…

20 Oct 3 min

S04 Ep06 Energy Market Update: Oil fell heavily on Friday after Trump announced fresh tariffs on China

In today’s episode, we explore the recent drop in Brent oil prices and what’s really driving the move - fundamentals or global market sentiment. From trade tensions between the US and China to shifting supply expectations, we break down the key factors shaping oil’s future and what might come next…

13 Oct 3 min

All episodes