NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
OPEC strategy shift can lead to lower oil prices in medium term:
We believe risks to a strong oil price outlook in the medium term are rising as OPEC+ strategy shifts from “managing” oil prices to “protecting market share”.
The shift in strategy is being driven by OPEC+ production stagnating between 42- 45 mb/d since Jan-22 even as U.S. oil production is set to rise 6% in the CY22-25 period.
Fiscal breakeven oil prices for Saudi Arabia/UAE down 10%/30% versus 2015:
Fiscal breakeven oil prices for key OPEC economies, Saudi Arabia and UAE, have declined to $85/bbl and $54/bbl now, respectively, from $94/bbl and $78/bbl in 2015. Thus, a $90/bbl oil price level, which was a compulsion in 2015, is a mere wish in 2024 for the Middle East producers.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
