据油气新闻网8月23日报道,近日,欧佩克组织主导者沙特表示,欧佩克随时准备减产,以修正近期由期货市场流动性不佳和宏观经济担忧导致的油价下跌,这些担忧忽视了原油现货供应极其紧张的问题。
沙特国家通讯社SPA援引沙特阿拉伯能源部长对彭博社的话称,欧佩克+拥有应对挑战的手段和灵活性。
最近几周,由于担心经济放缓和西方经济衰退,油价从每桶120美元跌至95美元左右。
援引称,石油期货市场已陷入“流动性极低、波动性极大的自我延续的恶性循环”,使得市场参与者的对冲和风险管理成本过高。报道还援引他的话表示,油价下跌是基于“未经证实的”信息,即需求被破坏,以及美国对石油提出的制裁、禁运和价格上限引发的混乱。
他表示,与此同时,供应中断的风险仍然很高,全球备用产能缓冲非常薄弱,并补充道,欧佩克+伙伴之间在2022年以后达成新协议将有所帮助。
他表示,我们很快就会开始制定2022年后的新协议。但没有透露细节。
布伦特原油价格因该消息而下跌,在格林威治标准时间17时20分下跌1.4%至95.40美元,此前曾跌至92.36美元的低点。
欧佩克+的组织同意在7月和8月将日产量增加 64.8万桶,因为他们完全解除了2020年5月实施的近1000万桶/日的减产,以应对新冠肺炎疫情。
该组织本月早些时候同意在9月将生产配额再提高10万桶/日,因为其他面临来自包括美国在内的主要消费者的压力,这些消费者热衷于降低价格。
只有沙特阿拉伯和阿拉伯联合酋长国被认为有剩余产能,有能力以有意义的方式增加产量。
但他指出,流动性薄弱和极端波动使人们不再关注剩余产能问题。
他表示,如果没有足够的流动性,市场就无法以一种有意义的方式反映实物基本面的现实情况,在闲置产能严重有限、严重中断的风险仍然很高的时候,市场可能会给人一种虚假的安全感。
郝芬 译自 油气新闻网
原文如下:
Opec+ ready to address oil slump
Opec stands ready to cut output to correct a recent oil price decline driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply, Opec's leader Saudi Arabia said.
Saudi state news agency SPA cited Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman as telling Bloomberg Opec+ has the means and flexibility to deal with challenges.
Oil prices have dropped in recent weeks to around $95 per barrel from as high as $120 on fears of a economic slowdown and a recession in the West.
Prince Abdulaziz was quoted as saying the oil futures market has fallen into "a self-perpetuating vicious circle of very thin liquidity and extreme volatility", making the cost of hedging and managing risks for market participants prohibitive.
He also was quoted as saying prices were falling based on "unsubstantiated" information about demand destruction and confusion around sanctions, embargoes and price caps, which have been proposed by the United States on oil.
Meanwhile, risks of supply disruptions remained high and a global spare capacity cushion was very thin, said Prince Abdulaziz, adding that a new deal between Opec+ partners beyond 2022 would help.
"Soon we will start working on a new agreement beyond 2022," he said, without giving details.
Brent crude prices pared losses on the news and were trading down 1.4% at $95.40 by 1720 GMT, having earlier slipped to as low as $92.36.
The group known as Opec+, agreed to increase output by 648,000 bpd in each of July and August as they fully unwind nearly 10 million bpd of cuts implemented in May 2020 to counter the Covid-19 pandemic.
The group agreed earlier this month to raise production quotas by another 100,000 bpd in September as it faced pressure from major consumers including the United States which are keen to cool prices.
only Saudi Arabia and the United Arab Emirates are believed to have spare capacity and the ability to increase production in a meaningful way.
But Prince Abdulaziz pointed to thin liquidity and extreme volatility taking focus away from the issue of spare capacity.
"Without sufficient liquidity, markets can’t reflect the realities of the physical fundamentals in a meaningful way and can give a false sense of security at times when spare capacity is severely limited and the risk of severe disruptions remains high," he said.
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