OPEC+ Effective Output Increase Likely to Be Lower Due to Compensation Cuts, UBS Says -- Market Talk

Dow Jones

Mar 04, 2025

1007 GMT - OPEC+'s effective production increase is likely to be lower than the expected 138,000 barrels a day due to some members' compensation cuts for past overproduction, UBS' Giovanni Staunovo says. According to the strategist, there's no indication that the cartel and its allies are fighting for market share against non-OPEC+ producers. Instead, "we believe the group is focused on supply management to keep the oil market in balance," he says. U.S. President Trump's decision to revoke Chevron's license in Venezuela might lead to a modest decline in Venezuelan output over the coming quarters, according to UBS. Meanwhile, traders are also closely watching Iranian exports after the latest round of U.S. sanctions. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

March 04, 2025 05:07 ET (10:07 GMT)

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According to the strategist, there's no indication that the cartel and its allies are fighting for market share against non-OPEC+ producers. Instead, \"we believe the group is focused on supply management to keep the oil market in balance,\" he says. U.S. President Trump's decision to revoke Chevron's license in Venezuela might lead to a modest decline in Venezuelan output over the coming quarters, according to UBS. Meanwhile, traders are also closely watching Iranian exports after the latest round of U.S. sanctions. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 04, 2025 05:07 ET (10:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ Effective Output Increase Likely to Be Lower Due to Compensation Cuts, UBS Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ Effective Output Increase Likely to Be Lower Due to Compensation Cuts, UBS Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-04 18:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1007 GMT - OPEC+'s effective production increase is likely to be lower than the expected 138,000 barrels a day due to some members' compensation cuts for past overproduction, UBS' Giovanni Staunovo says. According to the strategist, there's no indication that the cartel and its allies are fighting for market share against non-OPEC+ producers. Instead, \"we believe the group is focused on supply management to keep the oil market in balance,\" he says. U.S. President Trump's decision to revoke Chevron's license in Venezuela might lead to a modest decline in Venezuelan output over the coming quarters, according to UBS. Meanwhile, traders are also closely watching Iranian exports after the latest round of U.S. sanctions. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 04, 2025 05:07 ET (10:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UCO","symbol_name":"二倍做多彭博原油ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516626283","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516626283","pubTimestamp":1741082820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1007 GMT - OPEC+'s effective production increase is likely to be lower than the expected 138,000 barrels a day due to some members' compensation cuts for past overproduction, UBS' Giovanni Staunovo says. According to the strategist, there's no indication that the cartel and its allies are fighting for market share against non-OPEC+ producers. Instead, \"we believe the group is focused on supply management to keep the oil market in balance,\" he says. U.S. President Trump's decision to revoke Chevron's license in Venezuela might lead to a modest decline in Venezuelan output over the coming quarters, according to UBS. Meanwhile, traders are also closely watching Iranian exports after the latest round of U.S. sanctions. 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U.S. President Trump's decision to revoke Chevron's license in Venezuela might lead to a modest decline in Venezuelan output over the coming quarters, according to UBS. Meanwhile, traders are also closely watching Iranian exports after the latest round of U.S. sanctions. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 04, 2025 05:07 ET (10:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}