Handjani: OPEC Will Move Forward Weaker (Video)

Bloomberg reported Handjani's view that OPEC will move forward with diminished strength, citing internal disagreements and reduced cohesion among members. This perception of weakening collective action undermines the cartel’s ability to manage supply effectively, weakening the supply discipline channel that has historically supported oil prices. As a result, Brent and WTI crude futures are vulnerable to downward pressure, particularly given elevated non-OPEC supply and moderating global demand growth. The market will focus on the upcoming OPEC+ meeting scheduled for June 1, where compliance rates and production quotas will be scrutinized for signs of further fragmentation. Any indication of divergent national strategies or relaxed output controls could trigger renewed selling in energy equities and commodities.

Crude oil (WTI/Brent) reacts in real time to OPEC+ production decisions, EIA weekly inventory reports, geopolitical supply disruptions (Middle East, Russia, Venezuela) and US Strategic Petroleum Reserve announcements. A 5% intraday move on breaking news is not unusual.

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