Oil market in China still markedly oversupplied in September – Commerzbank
22.10.2024, 12:30

Oil market in China still markedly oversupplied in September – Commerzbank

The oil market in China was oversupplied by 930 thousand barrels per day in September, Commerzbank’s commodity analyst Carsten Fritsch notes.

Demand is not expected to pick up sharply next year either

“If processing is compared with the crude oil production figures also reported by the NBS and the crude oil imports published by the customs authority a week ago, the oil market in China was oversupplied by 930 thousand barrels per day in September.”

“The monthon-month increase in processing, coupled with a decline in imports, reduced the implicit supply surplus by half compared to August. Nevertheless, the oil market in China is in a weak spot. This is also shown looking at China's implied oil demand, which is the difference between crude oil processing and net exports of oil products.”

“In September, it was 2 percent below the previous year's level. The IEA expects demand in China to grow only slightly this year, by 150,000 barrels per day. Despite the stimulus measures announced so far, demand is not expected to pick up sharply next year either, as IEA chief Birol emphasised yesterday at a conference in Singapore.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik