Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
11 Sep 2019

OPEC cuts 2020 global oil demand growth forecast by 60,000 bpd amid economic slowdown

OPEC in its monthly report on Wednesday announced that it cut its forecast for 2020 global oil demand growth by 60,000 barrels per day to 1.08 million barrels per day amid a global economic slowdown.

With the initial market reaction, the barrel of West Texas Intermediate erased a large portion of its daily gains and was last seen trading at $57.95, still adding 0.2% on the day. Below are some additional key takeaways from the publication as reported by Reuters.

"Strong growth in non-OPEC supply in 2019-2020 highlights need for producers to support market stability to avoid potential oversupply."

"August  oil output rose by 136,000 bpd m/m to 29.74 mbpd led by Saudi boost."

"Forecasts 2020  demand for its crude averaging 29.40 mbpd,  steady from previous forecast 0f 29.41 mbpd, on lower non-OPEC supply view."

"OECD oil inventories fell in July and stood 36 million barrels above latest 5-year average – the level originally targeted by supply cut deal."

Sep 11, 2019

US Pres. Trump: Federal Reserve should get our interest rates down to zero

US President Donald Trump in the last minutes argued that the Federal Reserve should get the policy rate down to zero or even lower and should then st
Read more Previous
Sep 11, 2019

Mexico Industrial Output (YoY) came in at -1.7%, above expectations (-2.5%) in July

Mexico Industrial Output (YoY) came in at -1.7%, above expectations (-2.5%) in July
Read more Next