Arab Steel Summit
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steel Oribis
steel Oribis
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Tight oil market could see prices hit $125, JP Morgan says

Shortfalls in OPEC+ production and spare capacity concerns are likely to keep the oil market tight and prices could hit $125 per barrel as early as the second quarter of this year, JP Morgan Global Equity Research said.

“Supply undershoot set to rise through 2022 as OPEC+ unlikely to deviate from targeted quota increases – driving a higher risk premium of more than $30 per barrel to oil prices,” the bank said in a note dated Feb. 11.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has raised its monthly output target by 400,000 barrels per day recently but has repeatedly failed to achieve those increases.

The International Energy Agency in its last monthly report said the gap between the OPEC+ target and actual output in January had widened to 900,000 bpd. read more

“This underperformance comes at a critical juncture – and in our view, as other global producers falter, the combination of underinvestment within OPEC+ nations and post-pandemic rising oil demand will dovetail to a potential point of energy crisis,” JP Morgan said.


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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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