Saxo Bank: Global inventory depletion can absorb the UAE’s increase in the short term, but threatens OPEC's ability to regulate in the long term
- Ole Hansen from Saxo Bank stated that in the short to medium term, given the significant depletion of global inventories and the need to rebuild reserves, the market should be able to absorb the additional crude oil supply from the UAE.
- However, over time, the UAE’s exit has triggered a broader strategic issue: if other oil-producing countries begin to prioritize market share over quota discipline, OPEC’s ability to manage an orderly market through coordinated supply adjustments will become increasingly doubtful.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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