ADVERTISEMENT

Motilal Oswal: OPEC+ Steps Up Patrolling As Demand Continues To Defy

Motilal Oswal: OPEC+ Steps Up Patrolling As Demand Continues To Defy

Petroleum Pipes sit on top of the well deck of a gas condensate platform in U.K. (Photographer: Simon Dawson/Bloomberg)
Petroleum Pipes sit on top of the well deck of a gas condensate platform in U.K. (Photographer: Simon Dawson/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

At the last meeting of this historic year, OPEC-plus decided to increase monitoring to balance the struggling global oil market.

The group has decided on additional voluntary cuts of a mere 0.5 million barrels of oil per day to 7.2 mnbopd, starting Janurary, 21, against the scheduled cut of 2 mnbopd to 5.7 mnbopd.

This is the second time when OPEC+ has agreed on lower cuts than schedule as further extensions and impositions of lockdowns in various countries has aggravated the demand-supply mismatch.

Click on the attachment to read the full report:

Motilal Oswal Oil&Gas Sector Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.