中信证券:OPEC+增产背景下供给端对油价仍存在支撑

新华财经
18 Jul

  中信证券研报认为,OPEC+增产背景下,市场对原油供给存在一定分歧,中信证券认为其增产填补了美国页岩油减产的市场份额,后续或仍增产1-2次,叠加库存低位运行支撑现货价格,2025/2026年全球供需或仍保持松平衡状态,而非供给过剩进而压制油价表现。流动性不是影响油价的核心因素,考虑到关税未来走向判断,以及其对海外经济的小幅压制和货币财政宽松政策的逐渐兑现,我们认为油价三季度中枢或位于65—70美元/桶,整体相对可控。

(文章来源:新华财经)

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