S02 Ep09 Energy market update: OPEC+ cuts extended

Loading player...
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

S03 Ep33 Energy Market Update: Trump and Putin meeting shakes global markets

Following their meeting after market close on Friday, initial uncertainty about the outcomes has shifted to optimism, with Russia agreeing to provide Ukraine with security guarantees. As markets react to this development, attention turns to the complexities of negotiations and their potential impact on oil, gas, and electricity prices. Please…
18 Aug 3 min

S03 Ep31 Energy Market Update: OPEC+ moves forward with unwinding additional cuts

OPEC+ has officially decided to unwind the remaining voluntary cuts, which aligns with recent market trends. This move, combined with the latest developments in US tariffs, has significant implications for oil supply and pricing. Please note: this podcast is provided for information purposes only and should not be construed as…
4 Aug 4 min