TELF AG releases latest update on oil market outlook

The latest publication by TELF AG offers an exhaustive overview of the probable fluctuations that will affect the oil sector in the coming months.

Lugano, Ticino, Switzerland – October 15, 2023 —

Entitled “TELF AG discusses the present and future of the oil market”, the publication specifically lists the various fluctuations (in particular in prices and consumption) and also analyzes the specific factors that could contribute to influencing this type of market.

The publication begins with some general considerations regarding the raw materials market, talking about the usual fluctuations to which it is subjected and the various factors that could influence it, such as the levels of economic growth in China or the widespread fears linked to a possible recession. Among these factors, the one linked to the slowdown of the global economy seems to be the one most likely to be able to influence the raw materials market in general, and the oil market in particular.

For this particular resource, a role of primary importance will be played by geopolitical factors, in particular those linked to international tensions and the behavior of the United States, which undoubtedly appears to be one of the main global players capable of influencing the dynamics of this market. The publication also mentions another theme directly connected to the trend of oil, namely that relating to fossil fuels.

In fact, as the global energy transition progresses, the global oil market may not be conditioned solely by the usual price fluctuations, but also by the (increasingly marked) tendency to gradually abandon fossil fuels and replace them with clean energy, capable of helping governments and international institutions to more quickly achieve international sustainability objectives linked to the reduction of emissions.

Among the most interesting forecasts contained in the TELF AG publication is certainly the one relating to the probable deficit that the oil market could record in the third quarter of 2023: according to the EIA, in fact, this market could reach a deficit of 0.6 mb/d in the third quarter and an additional deficit of 0.2 in the fourth quarter. 

The publication also talks about a rather surprising fact: in 2024, the oil market could find itself in surplus for many consecutive quarters.

To find out more, readers are recommended to read the full publication.

About Us: About TELF AG:
TELF AG is committed to leading the way in solutions and continually strives for innovation through its initiatives. It is a full-service international physical commodities trader with 30 years of experience in the industry. Headquartered in Lugano, Switzerland, the company operates globally, serving customers and providing solutions for commodities producers worldwide. TELF AG works in close partnership with producers to provide effective marketing, financing, and logistics solutions, enabling suppliers to focus on their core activities and access far-reaching markets wherever they may be.

Its flexible, customer-focused approach allows TELF AG to create tailor-made solutions for each producer, facilitating long-term partnerships. Additionally, consumers widely recognize them for their operational excellence and reliability.

Contact Info:
Name: Rick De Oliveira
Email: Send Email
Organization: TELF AG
Website: https://telf.ch/company/

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Release ID: 89110328

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