INGs Warren Patterson and Ewa Manthey as well as MST Marquees Saul Kavonic both see Israels limited attacks as opening the door to de-escalation. A de-escalation that will cause markets to refocus on surplus supply and lackluster demand.
Date: Oct 28, 2024
Category: Business
Source: Google
Oil Prices Tumble 4% as Demand Fears Override Middle East Risk
nal Development and Reforms Commission (NDRC) failed to announce any new supportive measures. Without policy support, an economic slowdown could keep Chinas oil demand subdued in the short to medium term, ING commodities strategists Warren Patterson and Ewa Manthey wrote in a note on Tuesday.
amount of supply from the market in order to support prices. We believe this will continue in 2024, but there are clear risks, head of commodity strategy Warren Patterson wrote, adding that one of OPEC+s biggest causes for worry is the lack of universal agreement on the cuts within the group.
demand concerns given the gloomier macro outlook, the market is still expected to be tight for the remainder of the year. OPEC+ producers have limited room to increase output significantly, and so are unable to provide much relief to the market," says ING head of commodity strategy Warren Patterson.
Date: Jul 06, 2022
Category: Business
Source: Google
Why Oil Prices Didn't Rally After The OPEC Extension
same trend. One word of caution is if we look at the rally weve seen in crude oil prices, its been amazing, but the big uncertainty is if you look at refinery margins, they are very weak across the board across all regions, Warren Patterson, head of commodities strategy at ING, told CNBC.
Date: Jun 09, 2020
Category: Business
Source: Google
US crude oil prices plunge on fresh oversupply fears
rigs in the US has fallen by more than 35 percent, highlighting the impact that the current low oil price is having on drilling activity. This drilling slowdown will translate into lower production in the coming months," ING's Warren Patterson and Wenyu Yao said in a research note sent to Al Jazeera.
again started the day in the red, with benchmark Brent crude falling close to $28 a barrel, setting a new low not seen since January 2016. The pressure on the oil market has been relentless, [and] risks remain to the downside as we move into the second quarter, said INGs Warren Patterson. The dema
While it looks increasingly likely that OPEC+ will be forced to act, the big question is whether they would be able and willing to cut significantly more," analysts Warren Patterson and Wenyu Yao at ING said, in a research note.
Date: Feb 04, 2020
Category: Business
Source: Google
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